Today TechCanary, the Milwaukee-based provider of a cloud-based, analytics-driven insurance solutions within the Salesforce CRM platform, announced a partnership with the Columbus-based InsurTech Bold Penguin, which provides an online marketplace for commercial lines property and casualty (P&C) agents. The two companies share a common vision to streamline and modernize processes for those involved in the sales and support of commercial lines insurance, including agents, carriers, MGAs, and brokers.
MetLife Auto & Home is using advanced API technology to power its latest digital offering, SnapQuote. The online insurance marketplace is intended to provide consumers side-by-side from the insurer as well as its competitors for a “seamless quote-to-purchase experience.”
EIS Group, a core and digital platform provider for insurers, and Comtec, an insurance software and services provider, recently announced a reseller agreement that enables Comtec to offer EIS Group's digital insurance platform. The platform includes solutions for customer engagement, digital experience management, underwriting, policy administration, billing and claims.
Carfax Banking & Insurance Group and Pinnacle Actuarial Resources, Inc., have teamed up to deliver actionable, data-driven insights to automobile insurance carriers. The Auto Insurance Analytics Group, powered by Carfax and Pinnacle, will help insurers benchmark their book of business against the broader market and identify adverse selection trends in areas such as annual mileage, ownership history and damage events.
The privately-owned insurance broker Glatfelter Insurance Group has chosen OnBase by Hyland to support its information management needs. Glatfelter will utilize OnBase capture, including optical character recognition (OCR) functionality, to better manage information, increase data accuracy and elevate customer support. Additionally, Glatfelter will create upwards of 30 integration points across multiple applications companywide, granting greater access to information and simplifying data sharing.
The P&C insurer Mitsui Sumitomo Marine Management (U.S.A.), Inc., which is headquartered in New Jersey, has deployed Guidewire Underwriting Management™ as the new cloud-based underwriting workstation for its commercial lines of business in the states where it operates. The company also recently selected Guidewire ClaimCenter™ as its new claims management system, and Guidewire CustomerEngage™ Account Management and Guidewire ProducerEngage™ to enhance the digital claims experience of its policyholders and agents.
VUE Software has announced that BCS Financial Corporation (BCS), a company that builds innovative solutions for Blue Cross Blue Shield companies, is modernizing its producer onboarding and compliance capabilities with VUE Software. This collaboration will provide 'once-and-done' digital workflow solutions to automate BCS's entire producer management process, which includes agent licensing, contracting, and terminations.
Hartford InsurTech Hub, powered by Startupbootcamp, has announced its latest collaboration with international law firm, Clyde & Co. The firm will act as Hartford InsurTech Hub's exclusive legal partner, providing the startups in the Hartford program with high level advice on how to tackle the legal issues they might experience.
Spectrum Equity has invested in the international risk and insurance Software as a Service (SaaS) technology firm Origami Risk, which reported that the infusion will facilitate access to additional insurance and risk insights and resources.
Paragon Insurance Holdings, LLC, a national multi-line specialty MGA, has selected LeapFrogBI, LLC, a business intelligence provider, and Sisense, Inc., to develop an advanced data warehouse and enable enhanced reporting capabilities.
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