Who’s using what in P&C insurance: July 1, 2019
News from Goodville Mutual Casualty Company, Selective Insurance Company of America, Missouri Employers Mutual and more.
Goodville Mutual Casualty Company has selected Cloverleaf Analytics‘ BI solution as the platform for acquiring better insights into opportunities for improving operational efficiency and enhancing overall customer experience. Cloverleaf will be sourcing data for all lines of business from multiple core administration systems being used by Goodville Mutual today.
Selective Insurance Company of America will implement DataCubes‘ d3 Risk 360 and is looking at other technology solutions with DataCubes’ suite of products.
Missouri Employers Mutual (MEM) is leveraging Valen Analytics‘ ClaimsRight solution to develop a claims model that employs data science and predictive analytics to identify insurance claims with the potential to escalate in severity. The model generates a claims risk score enabling MEM’s claims team to drive the best intervention protocols, with insights that improve decision-making throughout the claims lifecycle.
Pacesetter Claims Service partnered with HOVER. Through the partnership, Pacesetter Claims Service will integrate HOVER into their own platform to communicate with their field team for scheduling and deploying efficiently to job sites.
ProWriters doing business as ProWriters Insurance Services LLC added CFC Underwriting Ltd. and InsurTech startup At-Bay to their Cyber IQ platform. The platform allows brokers and agents to compare quotes from multiple stand-alone cyber insurance carriers in seconds.
ProWriters also selected IVANS Markets to support its growth and distribution strategy. Leveraging IVANS Markets, ProWriters will expand their marketing to reach agents looking for cyber products with their agency management systems.
Marias Technology, a provider of software testing and implementation services to the insurance industry, was contracted by Statewide Underwriting Services to provide testing and implementation services for the core processing systems of SWUS. Under the terms of the agreement, Marias will help ensure system specifications are complete and accurate, upgrades and new functionality are implemented correctly, and testing is done thoroughly.
Moody’s Corporation and Team8 formed a joint venture to establish a global standard for evaluating and assessing cyber risk for enterprises. This combined enterprise will focus on the development of innovative methods and technologies that effectively measure and analyze cyber risks for global corporations.
Prophix Software joined Vertafore‘s Orange Partner Program to deliver immediate process improvement, cost savings and strong bottom line impact for Vertafore customers. The combination of Prophix’s software automation with Vertafore’s suite of solutions will enable users to improve their daily financial tasks.