Who's using what in P&C insurance: August 23, 2021
Insurance technology news from HONK Technologies, Branch Insurance, Swiss Re and more.
HONK Technologies partnered with Vault, a fast-growing provider of personal insurance, to provide fast, next-generation roadside assistance services to Vault’s auto insurance members. Vault differentiates from other insurers by delivering a customer experience where every detail and every interaction is thoughtful and unique. Its proactive, attentive approach builds stronger relationships.
Branch Insurance selected Snapsheet Claims software to deliver the modern claims experience to its rapidly growing community. By leveraging innovative technology, Branch has made the insurance-buying process quicker and easier than ever before. Using just a few pieces of information, Branch created a way to instantly bundle home and auto insurance.
Swiss Re partnered with Appian to create what the companies claim is the first end-to-end scalable AI solution capable of combining underwriting process rules and underwriting risk decision management. Through this partnership, insurers will now be able to process massive volumes of forms and data using AI to significantly increase efficiency while maintaining the highest accuracy rates.
Mosaic Insurance and DXC Technology launched an insurance technology platform that increases the speed at which specialty insurance is sold, underwritten and serviced. Together with DXC’s business-process expertise and technology, Mosaic, a global specialty insurer, will refine underwriting, simplify transactions, process claims and assess risks faster. Mosaic also streamlines end-to-end processing and provides real-time access to data.
Fiserv, Inc. partnered with Carat to expand the digital payout options available to businesses to include payments to PayPal and Venmo accounts. The innovation allows businesses that deliver mass payouts to provide additional choice in how customers quickly receive funds, while also unlocking new opportunities to market their brands through a social community such as Venmo.
AmCom Insurance Services Inc. selected Input 1 Payments platform for accepting ACH and debit/credit cards payments. By integrating Input 1′s industry-leading digital insurance payment platform into AmCom’s offerings, AmCom has upgraded its agent and customer experience.