Who’s using what in P&C insurance: Apr. 6, 2020
News from Ageas, EIS Group, Sapiens, Hippo, Levitate, PPM, NAU Country, Duck Creek Technologies and more.
Ageas is using an artificial intelligence (AI) solution developed by technology company Tractable to support some of the complex tasks that a human assessor would normally carry out when evaluating vehicle damage. The AI identifies which parts of the vehicle have been affected and to what extent, and generates a full estimate including recommended repair, paint, and blend operations, as well as costs and labor hours.
Top 5 Voluntary Benefits Insurer selected EIS Group’s insurance platform for digital transformation. The platform will sit at the center of a new ecosystem of solutions that this insurer will use to reduce operating expenses, increase revenue and retention and deliver a superior digital experience for agents, clients, and consumers.
Sapiens International Corporation has entered into an agreement to partner with SPLICE Software, an InsurTech company that specializes in using big and small data, and voice technologies, to drive customer engagement.
Hippo Insurance and SimpliSafe announced a partnership that will provide homeowners access to more options and enhanced peace of mind when it comes to protecting their homes. The partnership will expand the suite of services available within Hippo’s extensive smart home program to include professionally monitored devices from SimpliSafe.
Levitate and HawkSoft have partnered to help independent insurance agents focus on building relationships. With the launch of API integration, HawkSoft’s customers gain the ability to create intelligent, “keep-in-touch” reminders for each of their policyholders and prospects, then send personalized emails at scale.
Preferred Physicians Medical Risk Retention Group (PPM) selected Sapiens CoreSuite as part of their technology and business transformation strategy that will enable them to support their growth strategy and next-generation customers. Sapiens CoreSuite was chosen for its ability to support PPM’s policy, quote and claims needs, as well as workflow and increased process automation and efficiency, reporting and business intelligence requirements.
NAU Country Insurance Company expanded the use of Iteris‘s ClearAg for crop risk management. Under the terms of the software-as-a-service agreement, which has been extended for an additional three years, ClearAg will provide location-specific environmental intelligence to help growers plan for preventative actions as part of future cold weather events.
Duck Creek Technologies has expanded its Partner Ecosystem program through a new relationship with Xceedance.