Around the P&C insurance industry: April 27, 2022
News from Pacesetter Claims Service, Ryan Specialty, Nationwide and more.
Pacesetter Claims Service, CIS Group and CRU GROUP partnered with Wingspan, a software company revolutionizing payments and benefits for enterprises committed to providing better support for critical freelance workers. This software implementation is an unprecedented step for the insurance industry and will usher in a new era of benefits for freelance workers in the United States.
Ryan Specialty partnered with Nationwide to support innovation and address needs in the specialty insurance marketplace. The companies remain parties to a joint venture first entered into in May 2019 that established Bermuda-based reinsurer, Geneva Re Ltd. Expanding on their strong relationship, this new strategic arrangement provides Ryan Specialty with limited exclusive access to insurance capacity on Harleysville of New York paper to support alternative risk placements.
Nationwide and Razor Tracking partnered to offer advanced telematics and fleet management solutions at a discount for Nationwide’s agribusiness customers across the country. Through the partnership, Nationwide’s agribusiness members will receive preferred pricing on Razor Tracking’s real-time vehicle telematics devices, dash cameras and subscription costs to help optimize fleet safety and performance over the roads and on the farms.
Xceedance partnered with the Israeli Insurtech Accelerator at Insurtech Israel, an organization which leads and promoted the insurtech ecosystem in Israel. The alliance positions Xceedance as a potential investor and partner for nascent startups within IIA’s roster of insurtech organizations. IIA-affiliated firms can work with Xceedance as a proven services and solutions provider to the global insurance industry.
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