Who's using what in P&C insurance: August 24, 2020
News from EIS Group, Sapiens, Loadsure, Origami Risk, and more.
Sapiens International Corporation partnered with Gradient AI, a provider of artificial intelligence solutions specifically designed for insurance and risk management. Gradient AI’s solutions will be integrated with Sapiens’ core workers’ compensation offerings to provide predictive insights for both underwriting and claims processes. The companies believe that underwriting predictions help drive more profitable pricing and insights.
IRB Brasil Re licensed the Insurdata Portal. Insurdata is an InsurTech firm that specializes in the augmentation of peril-specific exposure and risk data. IRB will use the platform to generate precise property geocode information across its global exposures. The company’s catastrophe modeling team will integrate the Portal into its daily risk assessment workflow, boosting the resolution of existing data in real time using Insurdata’s proprietary technologies.
Topa Insurance Co. selected Cloverleaf Analytics‘ BI solution to gain deeper insights into existing data and to activate legacy data for better real-time decision-making. Cloverleaf’s comprehensive BI solution for P&C insurance companies provides access to real-time analytics for discovering trends and insights across the entire enterprise and enabling proactive business decisions.
Origami Risk, LLC partnered with LineSlip Solutions, Inc. to enable Origami’s clients to readily access the critical information they need to manage insurance programs worldwide and effectively negotiate commercial insurance coverages and renewals, even as market conditions evolve. LineSlip’s AI-driven OCR capabilities digitize paper insurance documents and PDFs with Origami’s policy management solution, enabling Origami clients to access their property and casualty insurance data in digital format.
Loadsure announced its partnership with supply chain SaaS middleware platform Morpheus.Network to bring “set it and forget it” cargo insurance to the power of blockchain tracking. The partnership will enable cold chain brokers, shippers, and freight forwarders to automate coverage for perishable goods with per-load, all-risk insurance. The coverage will automate claims triggers and accelerate claims resolution with an indisputable record.
EIS, a core and digital platform provider for insurers, and Spraoi, a provider of digital services and consulting, have integrated their solutions to provide dental, group and voluntary benefits insurers a quicker path to digital transformation in product development, distribution and customer experience.