Sapiens International Corporation, the global provider of software solutions for the insurance industry, has entered into a definitive agreement to acquire Adaptik, a Pennsylvania-based firm that offers property and casualty (P&C) policy administration and billing capabilities for commercial, personal, specialty and workers' compensation lines of business. Sapiens says the acquisition will enable it to provide North American insurance carriers with an enhanced platform.
The Sunnyvale, Calif.-based home telematics company Roost has entered into a partnership with Erie Insurance, which selected the Roost Smart Water Leak and Freeze Detector. The deal reflects Roost's mission to become a go-to smart sensor notification platform as well as the customer engagement solution of choice for the P&C industry. Earlier this year, Roost unveiled its Smart Garage Door Sensor, which joined the company's suite of home telematics solutions that include the Roost Smart Battery and the Roost Smart Water Leak and Freeze Detector.
To enhance its underwriting capabilities, Columbia Insurance Group will deploy the InsureRight® Platform from Valen Analytics®, an Insurity company and a provider of proprietary data, analytics and predictive modeling for P & C insurers. Columbia will utilize the Predict application of Valen's platform to increase visibility and efficiency in risk selection and pricing for its workers' compensation underwriting teams.
Continue Reading for Free
Register and gain access to:
- 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.