HOMEE Announces Record Q2 Financial Results
Tampa, July 15, 2024 – HOMEE, the leading Digital Marketplace & Claims Management platform for the Property and Casualty (P&C) insurance industry, today announced record financial results for the second Quarter of 2024. This is the Company’s fourth consecutive record quarter, one in which HOMEE delivered 36% P&C Q/Q growth driven by new client adoption of HOMEE’s industry leading digital claims management software solution.
“The Company consistently continues to grow market share in the $100 Billion property claims market", said Doug Schaedler, CEO of HOMEE. “Although we have not yet hit our growth inflection point, I am pleased to report we had another record financial performance including our largest work-in-process claim volumes. More exciting for the Company and future growth is the number of carriers looking to onboard and utilize our easy-to-integrate software. Our proprietary software, with our new Smart-Claim technology automatically matches the right claim with the right service professional within minutes, driving an elevated policyholder experience.”
Wes Jones, Chief Operating Officer, highlighted the impact of HOMEE's innovative technology: “Our industry-leading technology allows us to process 25 times more claims at First Notice of Loss (FNOL) without the need scale up call center operations. Providing solutions that address carriers' challenges without increasing their IT costs is a key differentiator for HOMEE, and our customers quickly recognize the value we offer.”
Brandon Donatelli, Chief Revenue Officer added, "Insurance carriers of all sizes nationwide are experiencing the efficiency improvements delivered by HOMEE software, which also enhances the experience for both customers and adjusters." He further remarked, "The launch of HOMEE’s new roofing and storm services division is expected to further increase our growth through the remainder ofm2024."
About HOMEE
HOMEE is leading the digitization of property claims. HOMEE’s pioneering technology connects insurers, policyholders, and skilled service providers throughout the lifecycle of a claim. The HOMEE Digital Marketplace & Claims Management platform, in combination with a highly curated marketplace of service providers, is utilized by leading firms in the insurance sector to dramatically improve the claims experience for policyholders. HOMEE is backed by more than $60 million in investment including leading insurance companies such as Liberty Mutual, State Farm, The Hartford, and Desjardins.
For additional information on the HOMEE Claims platform visit www.HOMEE.com.
Contact: Brandon Donatelli
Chief Revenue Officer, HOMEE, Inc.
855-964-6633
Email: Brandon.d@homee.com