Who's using what in P&C insurance: September 12, 2022
Insurance technology news from Buckle, Recoop Disaster Insurance, Aurenity and more.
Buckle selected Origami Risk’s multi-tenant SAAS P/C platform to support policy administration, billing and advanced analytics for its auto insurance programs. In addition to providing technology-based tools and functionality, Origami’s platform will enable Buckle to deliver more robust services with greater speed to its rapidly expanding and specialized customers, partners and members throughout the United States.
Recoop Disaster Insurance partnered with Insurity and launched a new administrative service platform backed by Insurity’s Sure Personal Suite. The platform went live in less than four months and will enable Recoop to automate routine tasks and provide self-service capabilities for policyholders, dramatically reducing the need for manual processing and eliminating inbound and outbound paper.
Aurenity partnered with Verisk to continuing its expertise-led and technology-enabled build-out by licensing multiple underwriting and rating. The MGA is enabling its market-leading underwriting talent with cutting-edge technology from Verisk to create differentiated risk insight and pricing as part of its ‘Augment’ models.
Arturo partnered with Vexcel Imaging to be a lead imagery provider for its solutions. As part of the agreement, Vexcel will provide Arturo with true ortho imagery, oblique imagery and digital surface models. Arturo’s partnership with Vexcel offers the unparalleled imaging capabilities modern insurance carriers seek in today’s rapidly evolving property market. It will also allow insurers to create risk and property damage mitigation strategies with their policyholders as well as faster, more accurate responses to claims after a catastrophe.
Definity Financial Corporation partnered with Guidewire to transitioned the Economical digital broker offering, Vyne, and its digital direct platform, Sonnet, to the latest cloud-based technologies. As the first Canadian P&C insurer to have its core insurance platform take advantage of Guidewire Cloud Platform capabilities, Definity expects to be better positioned to continue to scale its business, enhance the quality of service to broker partners and customers and continue to innovate with agility.
Related: Who’s using what in P&C insurance: September 5, 2022