Who's using what in P&C insurance: April 11, 2022
Insurance technology news from Applied Underwriters, Tractable, FutureProof Technologies and more.
Applied Underwriters, Inc. selected Sapiens‘ ReinsurancePro to automate their reinsurance administration, accounting, analysis and reporting. The solution will enable Applied Underwriters, Inc.® to replace their legacy process with a platform that is streamlined, consistent and financially correct.
Tractable partnered with Duck Creek Technologies’ platform. Tractable’s AI solutions use photos to automate auto damage appraisal, allowing insurers to improve claims accuracy, reduce turnaround times and deliver an improved experience for customers. By joining forces with Tractable, Duck Creek empowers its insurance clients to bolster their claims workflow with the speed, accuracy and maturity of Tractable’s market-leading AI. Now, Duck Creek customers will benefit from reduced processing times and an overall enhanced claims workflow.
FutureProof Technologies selected the Betterview Property Intelligence & Risk Management Platform to increase the speed and accuracy with which insurers and asset managers are able to assess and take action based on climate risk. FutureProof, a venture-backed insurtech startup that is quantifying climate and weather risk for the insurance industry, uses technology to address some of the problems that climate volatility has created for P&C insurers, financial professionals and property owners, especially in risk-prone regions.
Related: Who’s using what in P&C insurance: April 4, 2022