Who’s using what in P&C insurance: Jan. 28, 2019
News from EPIC Insurance Brokers and Consultants, Marsh, VUE Software and more.
EPIC Insurance Brokers and Consultants has entered a marketing and distribution agreement with HR Hotlink. The platform is an employee management solution that ensures dealerships are in compliance with state and federal regulations. It also includes solutions for recruiting, on-board training and performance management.
Marsh has placed more than 10,000 risks in 2018 through Placing Platform Limited, an electronic insurance platform used by Lloyd’s, London market insurers and brokers. Marsh has now bound more than 15,000 risks in total on the platform.
VUE Software has announced that NORCAL Group, a group of medical professional liability insurance companies, will be implementing VUE Onboarding & Compliance and VUE Distribution Compensation which will provide automated workflow management for NORCAL’s business units throughout the U.S. NORCAL will be able to consolidate five systems into one, integrate two policy admin systems and general ledgers to simplify compensation payments, track commissions and create multiple hierarchy levels.
Navigators has announced a new affiliation with OnTrak Solutions, a provider that offers policyholders discounts on the purchase and implementation of a Video Insurance Telematics system. Benefits associated with the implementation of cameras with telematics capabilities include a loss control mechanism to improve fleet safety and help to prevent accidents through driver monitoring and coaching, real-time monitoring of routes, traffic and driver behavior, and potential reductions in insurance premiums for both auto and other lines such as workers’ compensation, among others.
Georgia Farm Bureau Mutual Insurance Company (GFBMIC) has gone live with the Sapiens Claim solution for North America for their homeowners, personal and commercial auto lines of business. GFBMIC originally partnered with StoneRiver (now a fully-owned Sapiens’ subsidiary) and earlier last year signed a multi-year agreement for continuous implementation and support of what is now called the Sapiens P&C Insurance Platform for all its lines of business.