Who's using what in P&C insurance: March 7, 2022

CyberCube partnered with Duck Creek Technologies to streamline the underwriting of cyber insurance policies. The partnership will see the integration of CyberCube’s Risk Scoring Analytics application programming interface into Duck Creek Policy, the award-winning underwriting platform. This means that risks input into Duck Creek Policy will automatically be scanned and scored by CyberCube. The offering automates the flagging and referring of risks that require review, streamlining the underwriting process, increasing efficiency, and improving the ability to identify cyber vulnerabilities.

Infosec Institute partnered with Verisk to help businesses mitigate cyber risks. Through the collaboration, insurers who license the ISO Cyber Insurance Program from Verisk will be able to offer discounts to their customers on Infosec’s role-guided cybersecurity education solutions. Verisk is a leading global data analytics provider. Insurers who license Verisk’s ISO Cyber Insurance Program will now be able to offer discounted cyber education to their customers with Infosec’s award-winning security awareness training and phishing simulator, Infosec IQ. By tailoring training to each employee’s role and delivering engaging content, organizations can help reduce cyber risks, boost employee security awareness and improve overall security posture.

One Inc partnered with Origami Risk’s policy administration and claims technology for both inbound premium payments and outbound claims disbursements. Additionally, as part of the partnership, One Inc will become Origami Risk’s preferred digital payments infrastructure provider for customers in the insurance industry. With One Inc’s integration with Origami’s multi-tenant environment, Origami customers will be able to leverage enterprise-class digital payment capabilities with an out-of-the-box solution, achieving rapid access to flexible payment options, and an enhanced customer experience that includes faster electronic settlement.

Motus Insurance Services, LLC selected Beazley PLC via BHI Digital to provide an elective earthquake program for residential and commercial associations. Beazley will give residential associations and their individual unit owners access to the leader in catastrophic deductible buydown insurance in the market, adding more flexibility to the Motus product set with a carrier that can properly underwrite this targeted risk.

Farmers & Mechanics Insurance Companies selected insured.io Customer Engagement Platform. Insured.io provides Farmers & Mechanics a more holistic modern platform for policyholders to manage policies online, streamlining the customer journey by providing a single solution for customer engagement, including a customer portal, managing and processing recurring payments, reporting and analytics modules and more. Insured.io modernized Farmers & Mechanics’ interactions with policyholders while effectively extending the capabilities of the company’s core systems, especially as it relates to the ability to schedule and process digital payments.

Cover Whale Insurance Solutions, Inc. and dreyev partnered to build an innovative and adaptive risk-based technology process to transform commercial auto insurance industry. The new approach uses patented technology to analyze real-time driver actions and road traffic conditions, identify and correct dangerous driving before crashes occur, improving Cover Whale’s continuous underwriting model and resulting in savings for safe drivers.

Related: Who’s using what in P&C insurance: February 28, 2022