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Cincinnati Insurance Company Selects Audatex as Its Exclusive Provider of Auto Physical Damage Estimating Software
Jan 07, 2008 (08:01 AM EST)
SAN DIEGO, Jan. 7 /PRNewswire-FirstCall/ -- Solera Holdings, Inc. , the leading global provider of software and services for the automobile insurance claims processing industry, today announced that its U.S. subsidiary, Audatex, has been selected by The Cincinnati Insurance Company as its exclusive supplier of automobile physical damage estimating software. Cincinnati Insurance has deployed Audatex Estimating(TM) and Audatex Audit(TM) products to its more than 735 field claims associates.
The investment in Audatex's technology has enabled Cincinnati Insurance to transition from a predominantly manual estimating process to a fully automated solution that streamlines estimating and audit procedures, yet provides for the high level of customer service for which the insurer is known.
"The Cincinnati Insurance Company has implemented claims estimating technologies to enhance our core value; providing superior claims service," said Vice President Charles (Bud) Stoneburner of The Cincinnati Insurance Company. "After conducting an extensive review of the available automotive estimating technologies, we selected Audatex as it proved to be the solution that best serves our policyholders."
"We are very excited about our relationship with Cincinnati," said Tony Aquila, founder, chairman, and CEO of Solera Holdings, Inc. "Audatex is committed to providing valuable clients, like Cincinnati Insurance, with products and service that allow them to achieve their long-term strategic and growth objectives. We are dedicated to developing solutions and value-added services that deliver and support the business needs of our clients, both today and in the future."
Solera is the leading global provider of software and services for the automobile insurance claims processing industry. Solera is active in 51 countries across six continents. The Solera companies include Audatex in the United States, Canada, and in more than 45 additional countries, Informex in Belgium, Sidexa in France, ABZ in the Netherlands, Hollander serving the North American recycling market, and IMS providing medical review services. For more information, please refer to the Company's website at www.solerainc.com .
This press release contains forward-looking statements, including statements about business outlook and strategy that may suggest trends in our business. These statements are based on estimates and information available to us at the time of this press release and are not guarantees of future performance. There may be other factors that may cause our actual results to differ materially from those suggested by these forward-looking statements. Our actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. We can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them does, what impact they will have on our results of operations and financial condition. You should carefully read the factors described in the "Risk Factors" section of our filings with the Securities and Exchange Commission for a description of certain risks that could, among other things, cause our actual results to differ from these forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to revise or update this release to reflect events or circumstances after the date hereof.
Contacts: Investor Relations: Jack Pearlstein Solera Holdings, Inc. 858-342-1383 firstname.lastname@example.org Media Relations: Kendra DeWitt Solera Holdings, Inc. 858-946-1453
CONTACT: Investors, Jack Pearlstein, +1-858-342-1383, email@example.com, or Media, Kendra DeWitt, +1-858-946-1453,, both of Solera Holdings, Inc.
Web site: http://www.solerainc.com/