"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.
LexisNexis Risk Solutions, the provider of data, analytics and technology to the insurance industry, has made a multi-million dollar investment in the formation of a new global Connected Car team. A 35+-person team has been created to help automakers and insurers share data and analytics to deliver the next generation of mobility and connected car services and insights to improve customer experience for both industries. The LexisNexis Risk Solutions Connected Car team plans to grow to 100 dedicated specialists over the next five years.
Volta Insurance Solutions recently launched Workers Compensation & Excess Liability programs via Appulate. Both programs are available for an array of commercial risks, and are backed by "A" rated commercial carriers.
Rabobank SurePay has entered into a cooperation agreement with FRISS, the worldwide provider of fraud and risk solutions for the P&C insurance industry. Together the companies will provide insurers with the ability to use the IBAN-Name Check, a service that checks whether a name matches a corresponding IBAN number match.
AFL Insurance Brokers (AFL) and OnRisk, the US-based InsurTech startup, have formed a strategic partnership to advance new technology for structuring and placing high value property & casualty (P&C) risk. Under the partnership, AFL Insurance Brokers will become an early adopter of the OnRisk structuring platform, which delivers a CAD-style, graphical software toolset enabling risk professionals to visualize and interact intuitively with each complex risk to facilitate the placement process and improve buyer outcomes.
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