Who’s using what in P&C insurance: June 4, 2018
Property & casualty insurance partnership and tech news from Octo Telematics, Sapiens International, SterlingRisk, Applied Systems, EIS Group and more.
Octo Telematics has been selected as the telematics provider of choice for CAA Insurance Company’s new CAA MyPace™, a pay-as-you-go insurance program offering Ontario’s CAA policyholders a way to pay for, reduce and manage auto insurance premiums if they drive less than 9,000 kilometers per year.
Sapiens International Corporation, the provider of software solutions for the worldwide insurance industry, announced recently that the Georgia Farm Bureau Mutual Insurance Company has selected the Sapiens Property and Casualty Insurance Platform for North America, and signed a five-year agreement for continuous implementation and support of the platform for all of its product lines.
Desjardins General Insurance Group has successfully deployed the EIS Suite™ core insurance solution for policy administration, billing and customer management as the new technology backbone for its commercial lines business across multiple provinces. DGIG deployed PolicyCore® and BillingCore® modules from EIS Group as part of a large enterprise-wide transformation initiative enabling the company to respond to the demands of an evolving market and the insurer’s own growth strategies.
Haylor, Freyer & Coon, the independent and employee-owned insurance brokerage and risk management firm, has selected RiskMatch, a subsidiary of Vertafore, for data and analytics. The broker plans to leverage the patented digital technology to support its drive for excellence in all aspects of client service delivery. Also in news from RiskMatch: The fast-growing independent insurance agency LP Insurance Services also has selected RiskMatch for data and analytics.
SterlingRisk has acquired a passive, minority equity interest in FitSafe LLC, an InsureTech startup servicing the sports and fitness sector. The minority investment from Sterling will reportedly help capitalize further back-end development of FitSafe’s software platform.
Incline Insurance has selected digital agency software from Applied Systems to increase internal efficiencies and deliver premier customer service. Making this move from the EZLynx management system, Incline Insurance will benefit from a single system that will support business growth across all lines of business and extend online and mobile customer self-service experiences.
Prelude Software, a provider of payment management technology, has joined DATAMATX as a solutions partner. With Prelude’s Pay Pilot® disbursement hub solution accelerator, insurers can automatically upload payment request and check information via Pay Pilot to DATAMATX for print and distribution. Additionally, Prelude’s Pay Pilot disbursement hub solution accelerator has been integrated into DATAMATX’s automated Micro output solution system for the print and distribution of MICR check processing on behalf of their insurance industry clients.
See also:
Who’s using what in P&C insurance: May 21, 2018