Expanding Service Portfolio Choice Solutions Services has recently expanded its capabilities through the acquisition of Strataunderwriters, indicating a strategic move to enhance its claims management offerings and attract clients seeking comprehensive third-party administration solutions.
Large Market Presence With an estimated revenue between 100 and 250 million dollars and a dedicated team of 51 to 200 employees, the company is positioned as a significant player in the national insurance claims management sector, offering opportunities to target mid-sized to large insurance providers.
Technology Integration Utilizing a modern tech stack that includes JSON-LD, PHP, and open-source tools like Nginx and jQuery, Choice Solutions demonstrates its commitment to leveraging cutting-edge technology for efficient claims processing, appealing to clients emphasizing innovative claims solutions.
Market Focus The company's focus on both personal and commercial lines insurance claims, especially catastrophe and field services, creates opportunities to engage with insurance carriers, third-party administrators, and re-insurers seeking specialized claims management expertise.
Growth & Opportunities As a fast-growing firm committed to improving the claims adjusting experience, there are significant opportunities to collaborate with Choice Solutions on technology integrations, expanded service offerings, and bespoke solutions aligned with evolving insurance industry trends.