Who’s using what in P&C insurance: March 2, 2020
News from Insurance Board, First Chicago Insurance Company, Covenant Underwriters and more.
Insurance Board, which administers property & casualty insurance for more than 4,500 churches throughout the United States, selected the insurance administration system of Origami Risk to streamline its underwriting process and provide its network of independent agents with real-time access to policy and coverage information on their individual church clients participating in the program.
First Chicago Insurance Company and United Security Health and Casualty Company have selected Guidewire Software Inc.’s Guidewire InsuranceNow to increase business agility and enhance operational efficiencies. The companies plan to begin implementing InsuranceNow’s All-in-One functionality for their non-standard auto line of business, followed by their preferred auto, general liability, taxi and commercial auto lines of business.
Covenant Underwriters successfully implemented INSTANDA‘s platform to handle the company’s policy administration and billing. Utilizing INSTANDA’s technology, Covenant can now low-touch underwrite and rapidly approve quotes through a quick, user-friendly online application.
Guy Carpenter & Company LLC has entered into a global, multi-year agreement with Karen Clark and Company (KCC) to license their catalog of natural catastrophe models, execution software and analytics. The agreement will provide Guy Carpenter’s clients with access to KCC’s contemporary suite of natural peril models, software, visualizations and scientific approaches to support decision making across a breadth of underwriting, portfolio management and risk transfer use cases.