Who's using what in P&C insurance: October 19, 2020

Nexsys Technologies and Farmers Insurance^® launched a suite of tech solutions for mortgage origination and closing to digitize the verification of homeowners insurance using Clear HOI. The combination of Nexsys’ Clear HOI technology and Farmers^® API creates a tool benefiting users with real-time insurance verification for a seamless and secure mortgage experience.

Lockton selected CyberCube’s Broking Manager, the cyber risks analytics platform for insurance intermediaries. Broking Manager will allow Lockton’s teams to quantify the sources and financial impact of cyber risk exposure and educate clients accordingly. The platform also produces reports that can be used to educate prospects and clients on potential sources of loss, recent and relevant cyber events, and peer-to-peer benchmarking.

Ford Motor Co. has partnered with Verisk Data Exchange™. Owners of eligible Ford and Lincoln vehicles will soon have easy access to usage-based insurance programs from the many U.S. auto insurers that connect to the Exchange, including three of the ten largest U.S. carriers. The new telematics integration with Verisk will make it simple and convenient for consenting drivers of connected Ford vehicles to securely share their driving data.

Tokio Marine HCC selected CrowdStrike to offer endpoint protection to insureds to help customers address the increasing risk of ransomware attacks and other sophisticated threats. The cloud-native CrowdStrike Falcon platform is built to address today’s complex threat landscape, unifying next-generation antivirus, endpoint detection and response, cyber threat intelligence, managed threat hunting capabilities and security hygiene, delivered via a single, lightweight agent.

Semsee selected AmTrust Financial Services, Inc. the provider of insurance solutions for small commercial businesses, to its quoting platform. Using Semsee, agencies can now quote workers’ compensation insurance policies by quickly entering client information.

Southern Farm Bureau Casualty Insurance Company selected Arity‘s DriveDown, a mobile telematics insurance offering that rewards customers for their safe driving habits. Arity’s mobility data analytics arms Southern Farm Bureau drivers with insights about how they drive and feedback on how they can improve, which enables them to be not only be safer on the roads but also lower their deductible in the event of a covered loss.

SuretyWave partnered with Bond-Pro to seamlessly integrate its agency software to Bond-Pro’s B2B Surety Hub™ platform.  Bond-Pro’s B2B Surety Hub™ platform is a cloud-based network platform that enables agencies and carriers with disparate data or proprietary surety software systems to seamlessly exchange transactions and data automatically by enforcing carrier specific business rules, calculations, validations, conversions and conventions.

Nationwide and Generali Global Assistance launched personal cyber protection services within the Identity Theft Protection Program available to Nationwide customers to help protect them from an increasing number of cybersecurity threats and attacks. The new features provide an added layer of protection to consumers’ identity security with online data protection, data recovery and home internet security restoration, and 24/7 identity theft resolution with cyber advice.

Mitchell partnered with Claim Toolkit, provider of knowledge management and decision support tools to the P&C market for the past 20 years. The two companies have joined forces to offer an integrated system to streamline and automate the complex process of correctly calculating taxes and fees for total loss payments given jurisdictional specifics — helping insurers reduce settlement time, increase customer satisfaction and maintain compliance with governmental regulations.

Related: Who’s using what in P&C insurance: October 12, 2020