Who's using what in P&C insurance: July 26, 2021
Insurance technology news from Talage, Roost, Evolve MGA and more.
Talage partnered with Cowbell Cyber, a provider of next-generation cyber insurance for commercial businesses, to allow appointed agents to process cyber coverages on Talage’s Wheelhouse platform. Cowbell combines artificial intelligence-powered cyber insurance with a continuous underwriting platform and modern technology from partners, like Talage. By providing the digital tools Cowbell’s agents need to sell cyber insurance via any channel, Wheelhouse shortens the quote-to-bind time and automates manual processes for increased efficiency, productivity and growth.
Roost and Alfa Insurance entered a strategic agreement designed to help reduce claims frequency and severity, while increasing customer engagement. The Roost Smart Water Leak and Freeze Detector is designed to sense water leaks as well as humidity and freezing temperatures. Each detector can be easily located in places around the home most prone to water leaks, such as under kitchen sinks, hot water heaters, toilets and various appliances. It then delivers smartphone alerts via an app to help minimize water damage and loss.
Evolve MGA has implemented Veruna for increased productivity. Evolve provides cyber insurance coverage as well as risk management and claim services, such as access to pre-breach vendors and post-breach resources. This emerging line of business requires custom sales, marketing and management tools not commonly available through legacy agency management systems.
Cherre partnered with HazardHub, a provider of comprehensive property risk data, to allow mutual customers to seamlessly connect HazardHub’s property-level hazard risk data with their other core real estate datasets for more strategic risk analysis, planning and underwriting decision-making. Through the partnership with Cherre, mutual customers will be able to incorporate HazardHub’s more than 100 billion data points on property risk into their centralized data warehouse.