Who's using what in P&C insurance: April 24, 2023
Insurance technology news from Roundstone Insurance, Cognizant, Bowhead Specialty Underwriters and more.
Bowhead Specialty Underwriters, Inc. selected Insurance Quantified’s underwriting workbench, SubmissionIQ, to power its excess casualty underwriting practice. SubmissionIQ is built to unite people, workflows and systems around actionable data. With automated processes and real-time data insights to inform decision-making, it facilitates a systematic underwriting process that delivers the right data to the right people at the right time.
Cognizant and Guidewire partnered to help the regional property and casualty insurer to reduce claims processing times and costs, and allow agents to focus on improving their customer experiences. Cognizant led the project with FCCI to migrate Guidewire ClaimCenter on Guidewire Cloud, empowering the insurer to manage claims more efficiently across its commercial and surety lines of business.
Peace Hills General Insurance Company partnered with Verisk’s Xactimate and XactAnalysis solutions to enhance its claims workflow. Peace Hills is using Xactimate to capture information about property damage and help them review estimates with speed and precision. The insurer is using XactAnalysis to send and receive assignments, track claims status, and support the oversight of its contractor network. Both applications can help Peace Hills enhance its workflow and reduce the time it takes to resolve claims.
Related: Who’s using what in P&C insurance: April 17, 2023