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Who’s using what in P&C insurance: March 5, 2018

Insurance and financial services technology news from S&P Global Ratings and Guidewire Cyence Risk Analytics, AFR and Symbility Solutions, Legal & General and Slice Labs, TechCanary, Nasdaq and more.

By PC360 Staff | Updated on March 05, 2018
“Customers who share their homes through (such services as) Airbnb want to buy insurance quickly and easily and when they need it,” Cheryl Agius, CEO of Legal & General’s Insurance division said in a press release about her company’s partnership with Slice Labs, Inc., intended to launch a new homeshare insurance product. “This insurance proposition is part of our strategy to continue to transform insurance with data and technology led solutions that enhance customers’ experience.” “Customers who share their homes through (such services as) Airbnb want to buy insurance quickly and easily and when they need it,” Cheryl Agius, CEO of Legal & General’s Insurance division said in a press release about her company’s partnership with Slice Labs, Inc., intended to launch a new homeshare insurance product. “This insurance proposition is part of our strategy to continue to transform insurance with data and technology led solutions that enhance customers’ experience.” (Photo: Shutterstock)

S&P Global Ratings, a division of S&P Global Inc., and Guidewire Software, Inc., recently joined forces to bring the cyber risk knowledge and insights of Guidewire Cyence Risk Analytics™ to S&P Global Ratings360™, a digital delivery system that provides a view of a company’s critical credit risk factors. “The progression of regulation and evolution of the cyber risk businesses face make it more important than ever for companies of all sizes, industries, and geographies to better understand the impact cyber risk can have on their business.” Arvind Parthasarathi, Senior Vice President of Cyence Risk Analytics at Guidewire said in a press release about the partnership.

American Farmers & Ranchers Mutual Insurance Company recently selected Symbility Solutions as is claims estimating platform. The goal of Symbility’s technology will be to reduce the insurer’s cycle times and speed up claim resolution. Symbility’s cloud-based claims settlement platform includes Symbility’s Claims Connect®, a claims workflow management solution; Symbility Business Intelligence™, a module within Claims Connect that offers users access to interactive and customizable dashboards, report templates, comparative analyses against industry performance; and Symbility Mobile Claims®, a mobile-enabled field estimating solution.

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