Who's using what in P&C insurance: December 12, 2022
Insurance technology news from Copart, Coterie Insurance, Mosaic Insurance and more.
Copart, Inc. selected Duck Creek and is now available to its customers on the Duck Creek Content Exchange. Copart is a global leader in online vehicle auctions and a premier platform for the resale and remarketing of vehicles from 11 countries to buyers around the world. This integration enables insurers to schedule a pickup of a damaged vehicle for delivery to the nearest Copart location from within the Duck Creek Claims system, saving adjusters time and effort and decreasing the likelihood of error.
Coterie Insurance partnered with Opterrix to use the data company’s weather modeling to enhance Coterie’s small business insurance underwriting capabilities. The partnership helps power Coterie’s automated underwriting decisions based on weather and property exposures while creating a customer-centric claims experience.
Mosaic Insurance partnered with Safe Security to help underwriters evaluate cyber risk for brokers and insureds. Mosaic leverages Safe Security’s award-winning cyber risk assessment platform, SAFE, which offers a real-time view of the extent and nature of a company’s enterprise-wide cyber risk, allowing the most accurate exposure analysis, coverage, and pricing for brokers and insureds.
bolttech partnered with Sapiens International Corporation to deploy the Data Analytics platform Sapiens Intelligence. bolttech’s legacy systems for its Hong Kong general insurance operations are being replaced by the Sapiens solution to provide greater automation and standardization, and globally available oversight on policies, risk exposures and data. The transition to a cloud-native architecture is intended to decrease their annual infrastructure total cost of ownership (TCO) and improve their scalability and performance.
Arbella Insurance Group selected One Inc’s best-in-class suite of digital payment solutions with PremiumPay and ClaimsPay, for both inbound and outbound payments. With the implementation of One Inc’s digital platform and the delivery of Duck Creek Technologies’ integrated core systems platform for P&C carriers, Arbella will be fully equipped with the payments features and functionality needed to digitally empower its agents and customers.
Related: Who’s using what in P&C insurance: December 5, 2022