Insurance Replacement

About SLVRCLD

SLVRCLD forms part of the international expansion of the de facto content replacement platform in South Africa, Thesl. The initial focus will be on expanding into the UK (4th largest market) and Benelux (Belgium, Netherlands, and Luxembourg) markets. Once successful, the focus will move to Australia and New Zealand which will lead to a roll out in the US market, representing 40% of all claims.

SLVRCLD aims to be the premier source for automated household content claim quantifications and settlements, making insurance effortless and fair. Its services help insurers improve their overall loss-ratio while speeding-up the claim finalisation and promoting trust and loyalty with their customers.

SLVRCLD is able to achieve this as it has built-up a large item dataset by analysing millions of content claims to accurately identify the claimed item, through machine learning determine the correct replacements and then quantify them from normalised supplier quotes. The claim can then be settled via the most appropriate method such as a voucher, pre-paid filtered debit card, purchase order or cash-in-lieu.

The SLVRCLD solution is offered on a Software as a Service (“SAAS”) model accessible through its white label self-help claimant portal (rapid roll-out if an insurer has a digital, first notification of loss application), web portal (instant access which is ideal for pilots) or integrated through SLVRCLD’s Enterprise API’s.