Who's using what in P&C insurance: August 31, 2020
Insurance technology news from Church Mutual, Topa Insurance Company, Snapsheet and more.
Church Mutual Insurance Company launched a vendor program with SafelyYou to introduce fall-prevention technology to its memory care customers. The technology is intended to decrease fall risks, emergency room visits and long-term insurance costs. SafelyYou uses artificial intelligence technology to provide real-time video. When a fall happens, it alerts care staff immediately so the video can be reviewed and appropriate action can be taken.
Topa Insurance Company 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 property and casualty insurance companies provides access to real-time analytics for discovering trends and insights across the entire enterprise and enabling proactive business decisions.
Snapsheet partnered with Kin, the insurance technology company that aims to simplify home insurance in disaster-prone areas. Kin tapped the Snapsheet Claims platform to enable an automated digital experience, omni-channel engagement and end-to-end claims management, from electronic first notice of loss through settlement. The cloud-native Snapsheet Claims platform delivers faster, better experiences by digitizing the entire claims process.
Farm Bureau Insurance selected Verisk‘s LOCATION® platform to maximize its use of Public Protection Classification (PPC®) for precise, address-level measurement of the strength of fire protection for insured properties. The PPC program provides grades to communities based on their fire prevention and suppression systems.
MGA Systems, Inc. announced a strategic merger with NetRate Systems, Inc., a commercial insurance rating platform for MGAs and program administrators. The combined company will go to market as MGA Systems, with NetRate’s ISO®-based rating application and MGA Systems’ Insurance Management Systems policy administration solution as its product suite.
ClarionDoor partnered with Vertafore to modernize MGA distribution via a streamlined integration between Vertafore’s AIM™ platform and ClarionDoor’s MGA Hub. Together, these solutions deliver a seamless, best-in-class MGA distribution experience. AIM centralizes underwriting, accounting and claims operations. Designed to manage the full policy life-cycle, AIM helps increase speed-to-market while ensuring accuracy.
Take1 Insurance recently partnered with OneBeacon Entertainment, a member of OneBeacon Insurance Group. The new partnership enables Take1 to offer its customers a greater range of rental and staging insurance options for event service firms, event planners, producers and promoters along with options for film and television production, short term or annual special events, touring productions and facility rental companies.
Inter Insurance Agency selected IVANS Markets to automate communications to the IVANS Network of more than 32,000 agencies. IVANS Markets will enable the underwriter to instantly communicate risk appetite directly in an agent’s daily management system workflow, eliminating the need for printed appetite guides and supporting agency-insurer connectivity amidst remote working operations.
Talage partnered with four regional Independent Insurance Agents & Brokers of America organizations to provide digital tools to member agents/agencies. The partnership agreement with Talage will offer members of the IIABA of California, IIABA of Nebraska, IIABA of New Mexico, and the Ohio Insurance Agents access to Talage’s modern digital distribution software solutions for commercial insurance.