Who's using what in P&C insurance: August 22, 2022
Insurance technology news from XDimensional Technologies, The AC, HowdenCAP and more.
XDimensional Technologies partnered with ePayPolicy, a market-leading payments platform for the insurance industry. ePayPolicy will be integrated with the Nexsure Insurance Platform enabling XDTI customers access to robust payment processing capabilities. ePayPolicy provides an easy-to-use, end-to-end solution that allows carriers, retail agencies, MGAs and wholesale brokers to get up and running with electronic payments in days, dramatically reducing the number of paper checks they process while also simplifying their accounting reconciliation with automated data entry.
The AC selected Ascend as their preferred payments and financing platform for its vast member network. Ascend is the first modern insurance payments platform that provides automated all-in-one financing, collections and payables. The AC is a premier network partner for insurance agencies. They host a network of over 700 agencies and help agents transition from captive to independent models. They are committed to the success of the independent agency channel across the insurance industry.
HowdenCAP partnered with Mosaic Insurance to launch a pioneering integration of their technology platforms that promises to drive efficiency and speed of risk placement in the structured credit insurance market. The HowdenCAP-Mosaic collaboration allows clients and their brokers to obtain offers and execute business from across the structured credit risk market, delivering a fast, data-driven method of trading and placement of insurance.
Origami Risk LLC and CLARA Analytics partnered to make CLARA’s claims solutions available to insurers, managing general agents and self-insured pools using Origami’s industry-leading multitenant SaaS property and casualty platform. CLARA’s AI-driven tools and resources for insurance companies, MGAs and self-insurers include analytic solutions to assess commercial claims, provide litigation support and identify best-in-class medical providers by specialty and geographical location. The AI resources complement Origami’s versatile suite of claims capabilities currently accessible on its Core Solutions platform.
Teren launched Hermit’s Peak Watershed Protection Analysis to help the region mitigate immediate and long-term risks in the wake of recent wildfires. Teren’s expertise in natural resource conservation, remote sensing, geospatial modeling and high-performance computing will allow the company to analyze the entire affected area to reveal post-wildfire hazards and pinpoint priority zones for stabilization and reclamation.