In the News

Jun. 12, 2023 / PRZen / SUNNYVALE, Calif. -- Gigaforce Inc., the award-winning InsurTech pioneering subrogation innovation to reduce claim severity and combined ratios for insurance entities, announced the appointment of Darin Yeomans as Senior Vice President of Global Sales. His extensive experience and exceptional track record in the InsurTech industry with organizations such as ImageRight, Willis Towers Watson, and Vertafore bring more than 20 years of expertise in enterprise InsurTech SaaS sales, marketing, and sales operations management...

Read more: https://www.digitaljournal.com/pr/news/pr-zen/gigaforce-expands-executive-bench-with-svp-global-sales#ixzz8DzBwMbsT

Gigaforce, an InsurTech provider of a SaaS-based, blockchain-optimised, claims platform, has launched a claims intake bot, Gigabot, for a “near touchless claims experience” in insurance.

According to Gigaforce, Gigabot provides substantial savings in both time and cost by extracting claim data and documents from the originating software and placing it on the Gigaforce Platform.

Additionally, while streamlining claims intake, Gigabot makes real-time data and transactional updates more transparent to the insurer/reinsurer, recovery firm, and any other partners collaborating to manage and settle claims.

Sanjeev Chaudhry, CEO of Gigaforce, said that when thinking of chatbots, most people think of them handling customer service, but Gigabot does the “actual heavy lifting” by enabling end-to-end claims automation.

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https://fintech.global/2022/06/27/insurtech-gigaforce-unveils-claims-bot-for-touchless-experience/

SUNNYVALE, Calif., June 21, 2022 (GLOBE NEWSWIRE) -- Gigaforce, an InsurTech provider of a SaaS-based, blockchain-optimized, claims platform, is pleased to announce the launch of a new claims intake bot, Gigabot, which moves the company’s clients significantly closer to a touchless claims experience.

“While most people think of chatbots handling customer service, Gigabot does the actual heavy lifting by enabling end-to-end claims automation and significant cost savings for insurance companies and the partners in their ecosystems,” said Sanjeev Chaudhry, CEO of Gigaforce. “This product launch is directly in line with our mission to streamline the...

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https://www.globenewswire.com/news-release/2022/06/21/2466518/0/en/Gigaforce-Launches-Game-Changing-Claims-Intake-Bot-with-Hyper-Automation-Capabilities.html

SUNNYVALE, Calif., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Gigaforce, an InsurTech provider of a SaaS-based, blockchain-optimized, claims platform, is pleased to announce that Ken Coleman has joined the company as a board advisor.

“I have known Ken for more than 15 years now, and he knows insurance and technology,” said Sanjeev Chaudhry, CEO of Gigaforce. “He has been a personal advisor to me for the last five years. Under his guidance, in my past life, I had made great strides signing accounts, including Munich Re, Encova, Cincinnati Financial, AMFAM, and La Mobilere. I look forward to continuing our successful journey together.”  

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https://www.globenewswire.com/en/news-release/2022/02/16/2386543/0/en/Tech-Pioneer-Ken-Coleman-Joins-Gigaforce-Advisory-Board.html

SUNNYVALE, Calif., Nov. 09, 2021 (GLOBE NEWSWIRE) -- Gigaforce, an InsurTech provider of a SaaS-based, blockchain-optimized, claims platform, is pleased to announce that Latitude Subrogation Services (Latitude) has successfully implemented the Gigaforce Platform for subrogation.

Based in Bloomfield Hills, Michigan, Latitude provides solutions for insurers, self-insured entities, third-party administrators (TPAs), and specialty risk companies as a subrogation vendor and purchaser of subrogation assets, and has done so for the past 24 years. The company continues to expand as a premier subrogation servicing company with long-standing clients and new relationships by utilizing state-of-the-art technology along with the best employees in the industry to showcase expertise and maximize results for clients. 

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https://www.globenewswire.com/en/news-release/2021/11/09/2330664/0/en/Latitude-Subrogation-Services-Implements-Gigaforce-Platform.html

SUNNYVALE, Calif., Aug. 24, 2021 (GLOBE NEWSWIRE) -- Gigaforce, an InsurTech provider of a SaaS-based, blockchain-optimized, claims platform, is pleased to announce that National Service Bureau, Inc. (NSB) has successfully implemented the company’s platform for subrogation.

Based in Seattle, Washington, NSB is a national collection agency which manages delinquent accounts receivable and provides collection services to help businesses in the insurance, assisted living, medical, commercial, and consumer finance segments collect on past due accounts. Throughout 2020, Dave Conyers, CEO of NSB, was on a mission to securely enhance the company’s subrogation and reporting capabilities...

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https://www.globenewswire.com/en/news-release/2021/08/24/2285909/0/en/National-Service-Bureau-Inc-Implements-Gigaforce-Platform.html

Focused claims and subrogation experience will help drive product direction and go-to-market strategy going forward

SUNNYVALE, Calif., Oct. 01, 2021 (GLOBE NEWSWIRE) -- Gigaforce, an InsurTech provider of a SaaS-based, blockchain-optimized, claims platform, is pleased to announce the addition of Kevin May as the company’s Chief Strategy Officer.

With more than 30 years of insurance industry experience specific to claims and subrogation, May is accustomed to finding innovative solutions to which improve existing processes. He specializes in creating teams empowered to think outside-the-box as it relates to problem-solving for internal and external customers. At Gigaforce, May will not only help direct new feature and functionality development for the Gigaforce platform, but also solidify the company’s continuing go-to-market strategy and identification of additional applications for the Gigaforce platform beyond subrogation.

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https://www.globenewswire.com/en/news-release/2021/10/01/2307295/0/en/Gigaforce-Welcomes-Former-Verisk-Claims-Exec-as-Chief-Strategy-Officer.html

Gigaforce Welcomes New Chief Strategy Officer

Insurtech provider, Gigaforce, hired former Verisk Claims executive, Kevin May, to serve as chief strategy officer.

“We are moving fast to meet industry needs and are pleased to have been selected as part of the Plug and Play Batch 11,” said Sanjeev Chaudhry, CEO of Gigaforce.

“It’s recognition like this that made us realize we had a need for a more focused executive strategy position immediately, and Kevin has a broad perspective on the industry which is already delivering valuable insights.”

May brings more than 30 years of insurance industry experience specific to claims and subrogation, in addition to having served as vice president of product innovation and subrogation for Verisk Claims. Prior to Verisk, May’s track record includes leadership at Amali Solutions Group, LLC, Reclaim Software Solutions, and Acclaim Resource Partners.

According to a press release, May is known for “finding innovative solutions to improve existing processes,” and forming teams that are empowered to think outside-the-box.

AS SEEN HERE

https://riskandinsurance.com/5-people-on-the-move-35/

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Presenting the 153 batch startups from 9 of our industry-focused innovation programs: Energy, Enterprise Tech, Fintech, Health, Insurtech, Internet of Things, Mobility, Real Estate & Construction and Travel & Hospitality.

Gerhart’s insurance and regulatory experience helping drive potential use cases for the platform

SUNNYVALE, Calif., May 26, 2021 (GLOBE NEWSWIRE) -- Gigaforce, an InsurTech provider of a SaaS-based, blockchain-optimized, claims platform, is pleased to announce the addition of Nick Gerhart to the company’s board of advisors.

Many will recognize Gerhart from his time as Iowa’s insurance commissioner, where he championed innovation in an insurance-rich environment, started the Global Insurance Symposium, and helped to get the industry’s first and longest-running accelerator, the Global Insurance Accelerator (GIA), off the ground before moving on to a position as chief administrative officer for Farm Bureau Financial Services. Currently, Gerhart is chief innovation officer for Homesteaders Life Insurance Company (Homesteaders Life), and an advisor and board member to many InsurTech startups, including Harbor.ai, Carpe Data, Sureify, and Gain Compliance.

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https://www.globenewswire.com/en/news-release/2021/05/26/2236643/0/en/Nick-Gerhart-Joins-Gigaforce-Advisory-Board.html

/EIN News/ -- SUNNYVALE, Calif., March 26, 2021 (GLOBE NEWSWIRE) -- GigaForce is pleased to announce the launch of a patent-pending, blockchain-optimized, claims platform designed to expedite subrogation, recovery, and salvage processing for insurance ecosystems.

Based in Silicon Valley, Gigaforce combines heterogenous data, artificial intelligence (AI)-driven predictive models, specialized industry expertise, and customized services to connect parties within the subrogation process. Gigaforce effortlessly integrates all data, documents, and processes relevant to the subrogation process into a single platform for increased access, improved efficiency, and reduced cycle time.

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https://www.einnews.com/pr_news/537582365/gigaforce-launches-blockchain-subrogation-platform