Who's using what in P&C insurance: October 25, 2021
Insurance technology news from Kovrr, West Bend Mutual Insurance, Capco and more.
Kovrr partnered with Aon plc to provide cyber risk modeling reinsurance solutions to support growing demand from Aon clients for data-driven insights on cyber exposures. The collaboration allows Aon to access Kovrr’s impact-based modeling framework as well as its portfolio exposure management solution to analyze insurance portfolios and reinsurance treaties. The tools also help improve cyber risk quantification within Aon’s capital models, offering direct integration to the firm’s ReMetrica modeling software.
West Bend Mutual Insurance selected Betterview to improve the underwriting and loss control capabilities. Betterview’s Platform, in particular the company’s PropertyInsight tool, delivers a rich set of data and insights on property conditions which, when combined with third-party data, can trigger rules and promote action to improve risk.
CCC Intelligent Solutions Inc. parented with USAA for Recovery Assistant, a mobile channel to quickly and efficiently capture information to accelerate third-party claims resolution. USAA is also the first auto insurer to leverage CCC’s Recovery Assistant, actively using it on qualified third-party claims.
Capco and Coherent partnered to provide innovative technology solutions and strategic planning to joint clients within insurance and banking. The partnership will leverage Capco’s deep domain knowledge, strong client relationships and post-implementation capabilities to deliver transformational solutions using Coherent’s core technology and suite of platforms.
Related: Who’s using what in P&C insurance: October 18, 2021