"IBAN-Name Check allows insurers to check bank details before they pay out a claim for damages," says Marcel Rienties, co-founder of Rabobank SurePay. "This gives them a means to further improve the verification of payments."

Willis Towers Watson, the global advisory, broking and solutions company, and Relativity6, Inc., a machine learning and artificial intelligence (AI) insurance-technology company, recently announced that Willis Towers Watson has selected the Relativity6 platform to predict and optimise customer retention and win-back.

Duck Creek Technologies, a provider of P&C insurance software and services, and Bond-Pro, a provider of surety and specialty insurance software products and services, have entered into a partnership to offer insurers top-tier solutions for their respective business and technology needs.

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