Who's using what in P&C insurance: September 21, 2020
Insurance technology news from Indio, Xceedance and Caribu.
Indio, a subsidiary of Applied Systems®, has announced its partnership with IVANS to automate the end-to-end commercial lines submissions process. Indio’s digital submissions workflow will enable agents to digitize the application process and automate the submission of risk information, including supplemental documents, via the IVANS network directly to underwriters, eliminating traditional multiple-step manual processes and enabling agents to bind business and renewals more quickly. The announcement was made during the first fully-virtual Applied Net conference, which begins today (Sept. 21).
Xceedance and Oasis Loss Modelling Framework announced the availability of on-demand exposure analysis and results for three key U.S. catastrophe perils. In partnership with leading model providers CoreLogic, Fathom, and Applied Research Associates, the Xceedance-Oasis LMF on-demand services provide loss metrics for U.S. earthquake, flood, and hurricane perils to diverse insurance organizations. Xceedance-Oasis LMF On-Demand Catastrophe Modelling Services deliver as-needed loss analysis to re/insurers, brokers, and MGAs. The output is a specialized report containing all model assumptions and essential loss metrics for the re/insurer’s unique account or portfolio.
Caribu partnered with The Floow to launch a brand new insurance platform, MyCaribu, the telematics-based comparative rate engine in the country, designed to help younger drivers build safe driving habits.
Related: Who’s using what in P&C insurance: September 14, 2020