Serving a clientele of high-net-worth families, PURE offers tailored coverage for a range of assets. Credit: Inside Creative House / Shutterstock.

Privilege Underwriters Reciprocal Exchange (PURE) has partnered with VIP Software to enhance claim expense management through advanced analytics.

This collaboration aims to optimise vendor invoicing and provide comprehensive reporting through VIP Software’s BAP platform.

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The integration with PURE’s existing XactAnalysis estimating platform is expected to offer a seamless user experience and accelerate the implementation process.

BAP platform’s ability to automate back-office functions allows staff to concentrate on more complex tasks, ensuring accuracy in billing and reporting.

This is particularly crucial in an industry where loss adjustment expenses are under increasing scrutiny, VIP Software said

Serving a clientele of high-net-worth families, PURE offers tailored coverage for a range of assets including high-value homes, automobiles, and personal liabilities.

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The company claims to have recorded annual growth of at least 15% since its inception and currently caters to over 100,000 members in the US.

PURE head of home office claims Tiffany Alvey said: “Reducing friction and eliminating tasks from our adjusters’ day-to-day so they can focus on better serving our members in their time of need is so important to PURE.

“We also wanted to partner with a solution that many of our vendors already embrace. Partnering with VIP Software reduces expense leakage and improves capacity for our adjusters.”

VIP Software founder and CEO James Makris said: “Through our partnership, PURE Insurance improves vendor invoice management through data-driven insights. Our platform’s multi-line functionality and seamless integration with Guidewire Claim Center empower PURE to manage vendor invoicing seamlessly and accurately.” 

In March, PURE’s specialty surplus lines carrier PURE Specialty Exchange expanded its High-Value Homeowners coverage to six additional states, catering to homes in areas prone to coastal and wildfire risks, and offering up to $50m in coverage for profiles that do not qualify with an admitted insurer. 

Furthermore, PURE Programs introduced a new offering in February for those constructing or significantly renovating luxury homes valued at up to $30m.

PURE Programs is the managing general underwriter specialising in excess and surplus solutions for PURE members.