Who's using what in P&C insurance: May 24, 2021
Insurance technology news from EXL, Insurity, Cowbell Cyber and more
EXL partnered with ACORD, the global standards-setting body for the insurance industry to enable the former to leverage ACORD’s standards and data exchange solutions to create and commercialize next-generation digital solutions for the P&C insurance industry in the areas of underwriting and distribution, policy services, accounting, settlements and claims.
Insurity partnered with Infosys, next-generation digital services and consulting, to enable property & casualty insurers to rapidly implement Insurity’s end-to-end platform across policy, claims and billing teams. As a part of Insurity’s expanding SI network, Infosys has direct access to Insurity’s product, development, and support leaders to ensure rapid and successful implementations.
Cowbell Cyber selected MarshBerry’s Connect Network and Platform membership. The platform is a new category of independent distribution that helps insurance firms leverage scope, scale and resources to maximize growth through business intelligence, resource optimization and premier partner alignment.
National Fire Protection Association and Verisk collaborated to promote the importance of community wildfire risk mitigation. Verisk will leverage the data from the NFPA Firewise USA recognition program to develop property-level analytics insurers can use to refine their underwriting. This collaboration will help NFPA by promoting the value of community-wide wildfire risk reduction activities to a broader public.
Argo Group selected Duck Creek’s policy, billing, claims, industry content, and insights solutions via the latter’s OnDemand platform. OnDemand is Duck Creek’s end-to-end SaaS solution, providing the services, support and computing resources needed to help carriers move faster and more efficiently.