Who's using what in P&C insurance: February 7, 2022
Insurance technology news from Charlee, TrueNorth Companies, HOVER and more.
Charlee™ partnered with Sapiens to enrich and expand its intelligent insights through all data types, including internal, external, structured and unstructured. Sapiens CoreSuite for Property & Casualty provides Charlee™ a deeper, more intuitive understanding of information, empowering them with significant technology benefits for their proprietary AI engine (insights & predictive analytics) for insurance. Sapiens CoreSuite for P&C enables Charlee™ to seamlessly and instantly detect high cost and litigation propensity patterns in customer claims, as well as other insights for underwriting and fraud. Partnered with Charlee™, Sapiens’ proven solution provides customers with the cutting edge of litigation avoidance, unlimited data sources, insurance domain focus and prebuilt insights.
TrueNorth Companies selected CyberCube’s Broking Manager, the cyber risks analytics platform for insurance intermediaries. In addition, TrueNorth will tap into the CyberCube Academy, CyberCube’s online learning platform for the latest cyber insurance skills and knowledge. Broking Manager is the first software-as-a-service application CyberCube has built specifically for the insurance broking community. It offers a streamlined approach to generating financial exposure impact that helps clients make informed decisions on coverages and limits.
HOVER and Verisk partnered to streamline property claims. With the new integration, HOVER’s highly-detailed, interactive digital model now automatically imports into Xactimate and XactAnalysis. This allows insurers and home improvement professionals to quickly estimate repair costs. Additionally, adjusters will have the capability to resolve a claim remotely when policyholders are given access to HOVER directly.
Gradient AI partnered with Spear Technologies to integrate its state-of-the-art AI solutions with Spear Technologies’ SpearClaims, the company’s property and casualty enterprise claims management system. The integrated offering enhances customer experiences while improving the bottom line for insurance companies by assessing the risk of policies more precisely, streamlining processes, and reducing claim expenses.
Related: Who’s using what in P&C insurance: January 31, 2022