Who’s using what in P&C insurance: June 24, 2019
News from Sompo International, McGarr Insurance, Pintec Technology Holdings Ltd. and more.
Sompo International is leveraging AIR Worldwide‘s casualty analytics platform, Arium, to better understand and quantify its liability and loss potential across multiple commercial liability lines of business. As part of this collaboration, Sompo is using the Arium solution for multi-line liability risk analysis, and AIR is also offering portfolio data coding services to Sompo International that include unique corporate identifiers and geocodes.
McGarr Insurance has selected Applied Systems‘ Digital Agency solution to enable digital transformation for their agency. Leveraging Applied Epic, the agency will automate daily workflows and manage the business with seamless integrations, including instant rating using Epic Quotes. McGarr will also utilize a customer self-service portal and mobile apps for customers and staff, enabling the agency to provide anytime, anywhere service.
Pintec Technology Holdings Ltd. announced an expanded partnership with 1an.com, an online insurance company based in Shenzhen. Pintec provides 1an.com with insurance brokerage solutions and has developed customized overseas accident insurance for Chinese tourists.
Unicorn Underwriting Limited successfully implemented ClarionDoor Inc.’s CD Rating and CD Quoting Portal for their United Kingdom property owners insurance product.
CoreLogic has become the latest catastrophe risk model provider to make their models available via ModEx. The CoreLogic U.S. Earthquake Model will be the first of its models to be integrated on the ModEx platform.
FRISS and Guidewire Software Inc. announced that SURA Colombia successfully deployed its integrated claims fraud detection program for motor personal lines with the FRISS accelerator for Guidewire ClaimCenter. SURA is leveraging the Guidewire ecosystem and benefiting from integrated claim fraud detection that has the ability to stop payment of claims identified as potentially fraudulent while they are investigated.
NetDiligence has formed a strategic alliance with infinqio Inc., a new technology company that provides 3D simulation products for cyber insurance companies and their policyholders. With this alliance, NetDiligence will be introducing infinqo’s Digital Engagement and Empowering Platform to the company’s cyber insurance partners.
The Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) has certified the Karen Clark & Company‘s (KCC) Hurricane Reference Model Version 2.0 as implemented in RiskInsight 4.9.2. The KCC model is the first new model certified by the FCHLPM since 2006.