Who's using what in P&C insurance: April 5, 2021
Insurance technology news from e2Value, London Underwriters, Hiro and more.
Betterview and e2Value are partnering to provide replacement cost calculations directly within the Betterview platform. Property valuations and replacement cost estimates from e2Value will be viewable directly within the Betterview platform.
London Underwriters selected INSTANDA’s technology to create InsurTech Bunch Insurance. As a traditional binding authority, London Underwriters recognized that new InsurTech entrants were disrupting the way brokers were doing business. Rather than be removed from the distribution model, the underwriter decided to augment its own processes by developing an in-house InsurTech product.
Hiro partnered with award-winning residential property data provider WhenFresh to offer customers insurance quotes in just 4-6 questions and 60 seconds or less. Hiro’s app-based home insurance, which has just launched in the U.K., is aimed at tech-savvy homeowners, offering deeply discounted home insurance to customers who make their houses safer using smart technology like cameras, video doorbells, and leak detectors.
Metromile announced that Toggle, the Farmers Insurance brand for renters, has gone live with Metromile’s first notice of loss tool and claims automation products, which will integrate with the cloud-based Guidewire deployment Banff.