Who's using what in P&C insurance: December 26, 2022
Insurance technology news from EigenRisk, Petsure, Verisk and more.
EigenRisk partnered with Teren, Inc. to make Teren’s U.S. wildfire potential model available through the EigenPrism catastrophe risk management platform. Teren delivers climate resilience data to help organizations build and operate resilient businesses and sustainable communities. By harnessing remotely sensed data, powerful processing and modern data science, Teren delivers hyper-localized, actionable insights to manage climate risk and build resilience over time.
Petsure partnered with Quotezone.co.uk to bring its pet insurance to one of the U.K.’s largest price comparison platforms. Petsure offers inclusive and affordable insurance for as many cats and dogs as possible, regardless of their age or pre-existing medical conditions. They have no upper age limit and don’t impose a compulsory excess or bill share. The company also offers online medical screening, one of only two providers on the market to do this.
Verisk acquired Mavera, a Sweden-based InsurTech firm with a strong regional presence and established customer base for its personal injury claims management platform. This addition of the Nordics personal injury market leader will support Verisk’s expansion in continental Europe and its continued growth as a technology and analytics partner to the global insurance industry.
Related: Who’s using what in P&C insurance: December 19, 2022