Who's using what in P&C insurance: March 27, 2023
Insurance technology news from Buckle, Applied Underwriters, CAPE Analytics and more.
Buckle selected Percipience to implement the company’s core system-agnostic data and analytics platform, Data Magnifier. Percipience’s Data Magnifier is a platform independent data and analytics solution which allows insurance companies like Buckle to leverage existing technology and systems investments instead of engaging in an expensive rip-and-replace initiative to deliver needed, relevant data insights to underwriters, actuaries, CXO and operations leaders.
EagleView partnered with Mike Holmes Inspections, a firm built by Mike Holmes, host and creator of one of the leading and most popular home improvement shows in North America and globally. Mike Holmes Inspections will utilize EagleView Assess and its revolutionary drone-based damage analysis and digital image capture technology to help improve the quality and efficiency of roof inspections for property insurance claims.
CompScience Insurance Services partnered with Nationwide and Swiss Re to underwrite, bind and service workers’ compensation policies. CompScience’s Intelligent Safety Platform has been shown to significantly reduce claims through actuarial analysis. CompScience detects previously unreported workplace risks by analyzing existing workplace videos with an ever-expanding library of proprietary computer vision models built to detect 50+ behavioral and environmental hazards.
Applied Underwriters and Concirrus partnered for the development and provision of multiple product lines of extraordinary technology-driven solutions to insurers, reinsurers and other risk-based entities across the globe. The companies will leverage their respective technology innovations including Applied Underwriters’ trove of patents and data processing advances and Concirrus’ market leading analytics platform. The combination will deliver a market advantage to Applied Underwriters and also allow Concirrus to expand its solutions to a wider range of clients and product lines.
CAPE Analytics partnered with Google Cloud to provide accurate and timely risk-predictive insights to reduce property vulnerabilities. CAPE will leverage Cloud’s advanced, secure and sustainable infrastructure to help insurers unlock unprecedented insights on a property’s risk and valuation at scale and deliver an objective and instantly available single ‘source of truth’ to insurance carriers.
Cover Whale Insurance Solutions, Inc. partnered with TrustedChoice.com, the nation’s largest digital marketing platform for independent agents and brokers. Cover Whale can deliver its coverage to thousands of commercial truck drivers across the country. In parallel, independent agents who don’t currently have access to Cover Whale for their clients can now have a seamless, digital path to the company and its products through their TrustedChoice.com membership.