Who's using what in P&C insurance: December 13, 2021
Insurance technology news from Hiscox, Appalachian Underwriters, Cowbell and more.
Hiscox partnered with RMS to extend and increase its use of groundbreaking RMS Location Intelligence API technology, to improve the customer experience for its coverholders by providing real-time tailored quotes. RMS Location Intelligence provides market-leading modeling data offering high-resolution, location-level hazard, risk, and loss metrics. The use of an application programming interface to integrate RMS data directly into Hiscox systems allows real-time responses to coverholders, and no lost business due to slow response times. RMS Location Intelligence also provides a live view of Hiscox’s bound portfolio enabling active management of risk aggregation and greater opportunities for dynamic pricing.
Appalachian Underwriters, Inc., selected ClarionDoor’s MGA Hub to improve operational efficiency and speed to quote. Appalachian Underwriters has partnered with ClarionDoor to provide a one-stop approach for independent agents to easily access multiple carriers and products, including exclusive Xpress Raters to quote online and an online agent portal with the ability to rate, quote, bind, and make online payments, all backed by a wide array of services.
Cowbell partnered with Cloudflare to improve access to cyber insurance for customers who are making meaningful investments in their cyber hygiene. Eligible Cloudflare customers will now be able to access insurance premium credits and other added benefits from Cowbell to protect any of their websites, applications, employees, and corporate networks.
Pioneer State Mutual Insurance Company partnered with Verisk on the fire protection capabilities of local communities throughout Michigan. By integrating data from Verisk’s Public Protection Classification program, Pioneer State Mutual will leverage multifactor grading of properties based on fire department response effectiveness, emergency communications capabilities, water supply adequacy and community fire mitigation efforts.
Related: Who’s using what in P&C insurance: December 6, 2021