Who's using what in P&C insurance: October 17, 2022
Insurance technology news from Nationwide, VEREINIGTE HAGEL, CoverTree and more.
Nationwide partnered with HomeZada to make HomeZada’s digital home inventory technology available to Nationwide Private Client customers at no additional charge. Homeowners can upload photos, estimated values and important property and asset documents. They can securely access those records either online or through the HomeZada app – anywhere and anytime. For an upgrade fee, users will also be able to upload videos, create reports and access the platform’s other features.
ClarionDoor partnered with One80 Intermediaries and their contract binding division at Access One80. One80, a wholesale brokerage, managing general agency and program manager, is now live on ClarionDoor’s comparative rating and quoting solution. ClarionDoor’s comparative rating and quoting solution revolutionizes MGA services with speed, efficiency and transparency. Established with the fastest growing excess and surplus lines carrier network, ClarionDoor’s solution helps MGAs and carriers expand distribution channels and create business opportunities.
VEREINIGTE HAGEL partnered with Sapiens International Corporation for deployment of its cloud-first P&C platform IDITSuite. VEREINIGTE HAGEL’s current, historically grown application landscape will be replaced by the Sapiens modular and complete system that enables continuous end-to-end processing from front-end portal to back-end billing.
Capital Insurance Group selected Guidewire’s InsuranceSuite to power core operations, simplify IT operations, and quickly adapt to changing market demands. CIG is a member of Auto-Owners Insurance Group and plans to first migrate InsuranceSuite for its commercial lines of business, beginning with ClaimCenter, then PolicyCenter and BillingCenter. Migration for its personal lines of business will follow afterwards.
CoverTree partnered with Socotra to launch easy and affordable insurance for owners, renters and landlords of manufactured homes. With Socotra, CoverTree can now automate 92% of its applications with straight-through processing, enabling their customers to purchase a policy online in less than three minutes and save up to 40% in premiums.
FBM Idaho selected InsuranceSuite on Guidewire Cloud to power core operations, simplify IT operations, quickly adapt to changing market demands and deliver more value to its agents and policyholders. A Guidewire self-managed customer since 2010, the company plans to migrate InsuranceSuite to Guidewire Cloud across the entire organization at the same time.
Related: Who’s using what in P&C insurance: October 10, 2022