Who's using what in P&C insurance: October 5, 2020
Insurance technology news from Agero, Wawanesa Insurance, Argo Pro and more.
Agero recently selected Lyft to enhance its digital accident claims management platform for insurers interested in offering alternative transportation to policyholders involved in an accident. Participating insurers can now offer alternative transportation from the scene of an accident, or at any point during the repair process. The Lyft service will complement existing rental car provisions to significantly improve flexibility for insurers while also boosting customer satisfaction.
Wawanesa Insurance has selected HONK Technologies to manage their roadside assistance program. HONK provides real-time performance analytics for all service requests including customer ratings, comments, sentiment, volume trends and time to arrival.
Manitoba Public Insurance selected Duck Creek to power its digital transformation. The insurer chose Duck Creek’s Policy, Rating, Billing, Claims, and Insights solutions to replace its home-grown core systems, with the goal of increasing efficiency and focus on customer service.
Westminster American Insurance Company selected Finys’ suite and put three lines into production. Finys offers a modern enterprise platform, the Finys Suite, for P&C insurers. Westminster American selected Finys because of its track record of successful implementations, the configurability of the Suite, its processing power and scalability, the self-service capabilities it provides for agents and policyholders, and the efficiencies it affords.
Argo Pro partnered with Enquiron to create the digital Argo Resource Center, an information hub that helps commercial policyholders navigate frequently changing local, state and federal regulations and complex employment law compliance requirements.
Acuity Insurance integrated with Talage’s Wheelhouse technology to enhance the quality of digital tools available to the company’s independent agents. Acuity provides personal and commercial coverages to customers in 28 states.
Spruce partnered with Munich Re to bring cost-effective title insurance fueled by automation to the U.S. market. The partnership pairs Munich Re’s technical and risk expertise and financial strength with Spruce’s agility and proprietary API-driven technology to help solve a historically stagnant aspect of the title insurance and mortgage industries: price. In addition, U.S. homeowners, investors and lenders will now have access to Spruce’s digital real estate transaction process.
EagleView partnered with Skydio, a U.S. drone manufacturer and autonomous flight technology provider for automated residential roof inspection with drones. This is part of a multi-year, multi-million-dollar, exclusive partnership to deliver Skydio House Scan™ to several major country markets.
HUB Security partnered with Marsh to offer a unique insured storage solution that enables U.S.-based financial institutions to securely offer digital asset custodial services. Financial institutions can now store and manage digital assets, including cryptocurrency, on HUB’s military-grade technological platform and purchase up to $400 million in “cold storage” insurance through Marsh’s Digital Asset Risk Transfer team to cover the risk of theft or damage to the assets or destruction of private keys.
ISU Insurance Agency selected IVANS Markets to support ISU’s proprietary Commercial Lines Placement Advisor™ technology platform. IVANS Markets provides an online search tool that enables agents to instantly identify insurer appetite when searching for markets to submit new and renewal business. The application enables agents to reduce dependency on traditional, time-consuming methods of identifying insurer appetite, such as reviewing insurer risk guides, visiting insurer websites or relying on historical agent experience.
Related: Who’s using what in P&C insurance: September 28, 2020