Who's using what in P&C insurance: April 18, 2022
Insurance technology news from Guardian Group, Betterview, Agentero and more.
Guardian Group selected Sapiens’ customer acquisition solution for their life and health operations. Sapiens IllustrationPro and Sapiens ApplicationPro will be deployed in Guardian’s Share Services organization, providing a cohesive user experience across Guardian’s three carriers, including Guardian Life of the Caribbean Ltd. (Trinidad), Fatum and Guardian Life Ltd. (Jamaica). The platform features flexible branding and omni-channel integrations to cater to the agent experience to provide a next generation quoting and illustration system to improve how Guardian can present their offering in a clear and concise manner to improve their closure rate. Also, the integration of IllustrationPro and ApplicationPro to Guardian’s UnderwritingPro will provide a straight-through processing and auto decision environment to decrease their time to issue.
Betterview partnered with Canopy Weather, a provider of weather and hazard datasets. Under the terms of the new partnership, Betterview will house several data products from Canopy within PartnerHub, Betterview’s third-party data marketplace which was added to the Betterview Property Intelligence & Risk Management Platform in 2021.
Agentero partnered with Stillwater Insurance. The platform currently connects agents with 21 P&C and Life companies providing quoting, communications and automation tools to more than 1,000 agencies. Independent insurance agents use Agentero to access tech-forward carriers and to boost their revenue. The platform connects agents to insurers that prioritize digital capabilities such as quote APIs, online binds and being paperless, enabling agents to save time and deliver a superior customer experience through efficient product distribution.
Hollard Insurance Company selected Sapiens to empower Hollard’s strategic digital drive with Sapiens cloud-native, low-code DigitalSuite. When Hollard Insure, the short-term division of the Hollard Insurance Company, was looking to modernize their technology stack, but keep the legacy back-end, they turned to Sapiens. The large-scale modernization is aimed at digitizing products and journeys through a low-code, digital front-end with strong integration capabilities. Hollard, already a long-term partner of Sapiens, with Sapiens CoreSuite for Life & Pension and Sapiens ReinsuranceMaster, chose to further leverage Sapiens’ digital expertise, superior UI/UX experience and international insurance-specific best practices.
One Inc partnered with Visa, the world leader in digital payments, and announced the introduction of network tokenization for leading insurers across the industry via One Inc’s leading PremiumPay® inbound payments product. As part of the collaboration with Visa, One Inc is leveraging Token ID – a Visa Solution, which empowers banks, merchants, regional payments schemes, clearing houses and other payments stakeholders like One Inc to build, manage and control their own tokenization capabilities.
Main Street America Insurance™ selected PayPal, PayPal Credit and Venmo to offer policyholders three new online payment options. This enhancement is another step forward in the company’s digital transformation and commitment to delivering a superior customer experience.
Fortuna General Insurance Agency selected Input 1‘s payment platform to process digital payments for their agents. Their two main goals were to strategically upgrade their payment collection capabilities by offering a way for their agents to pay using digital methods without incurring any costs to Fortuna while also strengthening their commitment to protecting the privacy of their customers by removing sensitive financial data from their system, relieving them of PCI compliance.
Elpha Secure selected Socotra to complement its proprietary technology and launch a new cyber insurance product for a variety of industries.
Victory Insurance selected Insurity‘s Sure Claims Payments to expand digital payment optionality for claimants. Victory Insurance currently leverages Insurity’s comprehensive Workers’ Comp Suite. Adding Insurity’s Sure Claims Payments to their solution portfolio empowers Victory Insurance to pay claimants in as little as 30 seconds after a claim has been approved and enhance the policyholder experience with more convenient claims payment options.