Quadient (formerly GMC Software) recently announced that Auto-Owners Insurance Company has chosen Quadient Inspire to enhance and future-proof its claims correspondence. Key drivers in the decision to adopt Quadient Inspire included its easy integration with Guidewire's ClaimCenter® solution and its ability to effectively design and deploy consistent, personalized communications across the growing range of communication delivery channels through an easy-to-use web browser. Additionally, Quadient Inspire provides the scalability the company is looking for to meet future applications.
DXC Technology, the independent, end-to-end IT services company, has announced that it entered into a new five-year agreement with the London insurance market customers to accelerate the implementation of a comprehensive turnkey service for back-office processing of insurance premiums and claims and related activities. Facilitated through its associations, the Lloyd's Market Association (LMA) and the International Underwriting Association of London (IUA), the new agreement provides for greater longevity and security to deliver better investment potential with a resultant cost reduction over the next five years.
Holmes Murphy & Associates, the 26th largest business broker in the U.S., has selected the a cloud-based, analytics-driven insurance solution from TechCanary.
G2 Insurance Services, a privately-held insurance brokerage headquartered in San Francisco, has selected The RiskMatch Platform®, a subsidiary of Vertafore, for data and analytics, and plans to leverage the patented digital technology to enhance its client service capabilities, drive innovation and transactional efficiency.
Intellect Design Arena Ltd, a digital financial technology product provider, recently completed a deal with BDO Nomura, an investment house in Philippines and a joint venture between BDO Unibank and Nomura, Japan. With this, Intellect marks its first deal in the Securities Trading segment in the country. Intellect will be implementing Integrated Portfolio Management Solution (iPMS) its Capital Markets solution suite – OneMARKETS. iPMS will provide the front-mid-back office management along with Digital Markets Portal which includes Mobile Trading and Equity Research to BDO Nomura.
In October, Tata Consultancy Services, the international IT services, consulting and business solutions organization, and ACORD, the global data standards-setting body for the insurance industry, announced an exclusive initiative to modernize the insurance industry by providing enhancements to ACORD's Reference Architecture. The architecture modernization, powered by TCS, will provide a robust foundation for insurers to leverage new standards for a digital world and meet the increasingly complex demands of their customers. TCS will work with ACORD to develop defined data models and standards to allow insurers to address digital transformation, and more easily embrace emerging technologies.
RiskGenius, developer of the RiskGenius Platform, which utilizes algorithms and artificial intelligence (AI) to organize the world's insurance policy information for carriers, brokers and commissioner offices, recently announce its first industry partnership with QBE Ventures. QBE North American will be the first division to fully implement the RiskGenius Platform, with plans already in place to upload 125,000 policy documents in 2018.
See also:
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
