Who's using what in P&C insurance: January 18, 2021
Insurance technology news from Sapiens, Bold Penguin, GloveBox and more.
Sapiens International Corporation and Click-Ins partnered to provide carriers with a comprehensive solution to accelerate claims management. Click-Ins joins Sapiens’ robust partner ecosystem, which enables carriers to seamlessly and easily implement third-party solutions, providing them a significant competitive advantage. Sapiens’ API-based platform and open architecture ensures that providers can easily choose the building blocks they need to integrate all elements within their ecosystem, offering full-digital enablement.
Bold Penguin partnered with top small-business insurance provider AmTrust. AmTrust joins a growing list of carriers on the platform that offers an embedded, fully digital quoting experience in workers’ compensation coverage for small businesses. AmTrust, a leader in digital innovation, which joined forces with Bold Penguin in Q2 2020, has expanded its in-app binding capabilities on the Bold Penguin Terminal. The company will leverage Bold Penguin’s newly launched Terminal and Software Development Kit products built to power faster and more accurate quoting in the small commercial insurance market for small business owners, agents, and brokers.
Builders Mutual selected Duck Creek’s Suite OnDemand and Duck Creek Industry Content to enhance their online customer experience and maximize internal efficiencies. OnDemand is Duck Creek’s cloud-based, SaaS delivery solution for all Duck Creek applications, providing all services, support and computing resources carriers need.
QBE North America partnered with VelocityEHS, provider of cloud-based environment, health, safety and sustainability solutions, to offer its Humantech Industrial Ergonomics software as a service. This software delivers innovative, AI-based sensorless motion-capture technology to QBE customers, enabling them to recognize employee ergonomics issues in the workplace in real-time.
GloveBox partnered with Independent Insurance Agents & Brokers of America’s Agents Council for Technology. Through the GloveBox platform, independent agents can provide clients a seamless, self-service mobile and web platform connecting them to their agency and carriers.
Flow Insurance Services launched both a private residential and a commercial flood comparative rater, FlowRater, on ClarionDoor. With flooding not covered by standard homeowners’ insurance, many homeowners are unknowingly at risk of not being protected. In fact, flood insurance is so often overlooked that only 15% of U.S. homeowners have separate flood insurance policies.
HOVER partnered with Amica Mutual Insurance, a national insurer, to provide a complete data package through HOVER’s proprietary technology and integration through the CoreLogic Digital Hub Alliance. This will allow Amica to transform the customer experience by dramatically lowering inspection costs and streamlining workflows.
Aon & Zurich North America Implemented Data Exchange Platform launched by ACORD Solutions Group. ADEPT offers secure, decentralized storage and access service which acts as a ‘single source of truth,’ enabling participants to verify payment information. By structuring, translating, and validating the data in real-time, ADEPT greatly reduces the time and cost of reconciliation.
Related: Who’s using what in P&C insurance: January 11, 2021