Who's using what in P&C insurance: June 20, 2022
Insurance technology news from EigenRisk, Hollard Insurance, Fenris Digital and more.
EigenRisk partnered with Canopy Weather LLC, an innovative weather technology company to make Canopy’s U.S. severe convective storm response capabilities available through the EigenPrism® catastrophe risk management platform. Canopy Weather leverages multiple data sources to provide accurate, timely and precise predictions of the intensity and impact of tornadoes, hail and high winds in all 50 U.S. states. Additionally, its tools enable insurance, risk and property executives to assess roof damage from current or prior hailstorms and predict potential property damage in areas likely to be affected by these events.
Hollard Insurance selected Duck Creek Technologies to upgrade the Australian insurer’s core policy, billing and rating systems from on-premises to cloud-based software as a service using Duck Creek OnDemand. Duck Creek’s technology suite will enable Hollard to work with its other technology ecosystem partners using low-code tools and established integrations to develop and rapidly bring to market innovative products that satisfy evolving policyholder needs.
Workplace Safety and Insurance Board has selected Guidewire‘s Cloud to power the company’s underwriting, policy administration and billing management operations, simplify its IT operations, adapt more quickly to changing market demands and deliver more value to its customers. The WSIB is planning to simultaneously migrate its current self-managed installations of Guidewire PolicyCenter and Guidewire BillingCenter onto Guidewire Cloud.
Fenris Digital partnered with b atomic, an insurance tech company helping independent agents leverage their data to craft an unforgettable customer experience. The value of managing the cost of transactions for data in the application process leads to identifying incremental savings that will add up for agencies in the long run. The impact embedding this data has on the customer experience takes a marked step upward when the information needed to do business is instantly available.
Semsee partnered with Coterie Insurance, the insurtech automating small business insurance, as it continues to grow the number of carriers on its platform. Agents can now quote Coterie products including BOP and general liability on Semsee. Semsee’s platform makes it simple for agents to quote and compare coverages enabling them to provide a fast, seamless insurance buying experience for their business customers.
Pathpoint partnered with Nautilus Insurance Group, and this partnership enabled Pathpoint to offer a larger breadth of coverage to thousands of insurance agents who place risks on the platform. By combining world-class technology and first-class service to automate underwriting and offer agents bindable quotes from multiple, best-in-class E&S carriers in minutes, Pathpoint simplifies an often frustrating and complicated process for agents.