Who's using what in P&C insurance: September 6, 2021
Insurance technology news from Accurate Background, Assurex Global, DirectAsia and more.
Amica Insurance partnered with Zesty.ai to integrate the latter’s predictive wildfire risk analytics solution, Z-FIRE, into its homeowners product line. With Z-FIRE, Amica has access to a powerful AI model that offers a precise wildfire risk score for individual properties, which offers a much more accurate risk metric to inform underwriting and rating than traditional models. The integration of Z-FIRE into Amica’s homeowners products allows it to more confidently write policies, despite increasing wildfire risk in recent years.
Accurate Background partnered with Duck Creek Technologies company’s rapidly growing partner ecosystem. Accurate Background provides a seamless integration that can connect Duck Creek customers with Accurate’s complete portfolio of employment screening services. Additional services include sanctions lookups, driving history, social media searches, drug and health screening, and verifications including employment, education, professional history, and references, providing a complete overview of candidates’ eligibility to fulfill the roles your organization is recruiting for.
Assurex Global and TrustLayer partnered to provide Assurex Global Partners access to TrustLayer’s AI-powered collaborative risk management platform. Access to TrustLayer’s platform enables Assurex Global Partners to offer a vendor risk management solution to insureds. This will enable insureds to better manage the administrative burden associated with proof of insurance verification. By automating a largely manual process, insureds stand to improve compliance, reduce risk, and ultimately deploy resources more optimally.
DirectAsia has onboarded Sapiens’ IDITSuite, allowing it to align with the latest, market-leading digital trends. The new version includes significant enhancements to the underwriting workbench, digital claims process, payment slip management and enhanced digital API library, which enable integration with external systems with ease. This also supports DirectAsia’s cloud strategy, as the new version is another step in the journey to a cloud environment.
Aon plc and Latium Technologies partnered to introduce Latium’s Job Site Insights Internet of Things application and suite of products as a foundational risk mitigation tool for contractors and owners. The alliance brings industry-leading technology to more contractors and owners, so they can prevent incidents before they happen, realize lower insurance costs and obtain more comprehensive terms for their insurance coverage as part of Aon’s holistic risk management program for construction clients.
Auto-Owners Insurance partnered with IVANS to automate appetite communications to the largest network of independent insurance agents. IVANS enables insurers to more nimbly manage appetite communications directly in agents’ management systems, allowing Auto-Owners Insurance to manage market appetite changes in real-time while increasing market awareness to agency partners in their daily workflows.