Who’s using what in P&C insurance: June 15, 2020
News from FBAlliance Insurance, Sapiens, Arbitration Forums, and more.
FBAlliance Insurance selected Sapiens’ CoreSuite for Property & Casualty and Sapiens IntelligencePro to accelerate growth and meet the demand for the rapid launch of new products. The ability to easily integrate third-party technologies and data sources, run a rapid and seamless upgrade process, speedily introduce new products and generate actionable insights via analytics will help FBAlliance meet those goals.
Sapiens International Corporation partnered with CLARA analytics. The collaboration will help facilitate interventions for loss-time injured workers who are most likely to benefit from them and the ability to simulate the costs and benefits of existing early intervention programs, under a predictive modeling framework.
Arbitration Forums Inc. selected Travelers to its growing list of member companies to adopt Settlement Exchange System (SES). SES features a payment aggregation option that allows netting of resolved claims among participants, reducing the number of payments between parties and providing participating companies the flexibility to determine the cadence of EFT payments and processing of incoming subrogation and arbitration recoveries.
Bold Penguin integrated workers’ compensation insurance coverage from AmTrust Financial on the Bold Penguin exchange platform. AmTrust offers a wide range of coverage options for more than 350 business classes. The company’s newly launched integration with Bold Penguin allows more small businesses, agents, and brokers to access this critical coverage.