Who's using what in P&C insurance: May 8, 2023
Insurance technology news from Openly, Carpe Data, Sunlight Solution and more.
Openly partnered with Trellis. Operating as an independent agent, Trellis will offer Openly’s premium insurance to clients through its Savvy platform – the leading embedded insurance solution for financial institutions, fintechs and other consumer businesses. The partnership provides Savvy users with access to Openly’s premium, straightforward home insurance. Openly provides premium insurance by delivering comprehensive coverage through independent agents.
Carpe Data and Duck Creek Technologies partnered to integrate Carpe Data’s ClaimsX and Minerva products into Duck Creek’s claims and underwriting platforms. This partnership will provide Duck Creek’s customers with access to Carpe Data’s extensive range of actionable insights, helping insurers to reduce instances of fraud, automate and expedite decision-making processes, improve pricing strategies and make more informed underwriting and claims decisions.
Sunlight Solutions partnered with Finovox, a French software editor specializing in fake document detection. Finovox’s solution combines algorithms to analyze 100% of digital documents, such as invoices, identity documents, proofs of address and Certificates of Incorporation, instantly, regardless of original format or native language.
Mutual Benefit Group partnered with SPLICE Software to enhance its customer experience during the claims process. MBG integrated SPLICE’s automated text messaging solution into its claims platform communication workflow, allowing for personalized messages to be sent to policyholders at 13 touchpoints throughout the claims process.
omni:us partnered with MS Amlin Marine NV to revolutionize its marine insurance claims process. The collaboration has resulted in a fully automated end-2-end claims process for all categories of marine insurance and the technology provider and insurer are committed to continuing to work together to bring the benefits of this innovative technology to more customers.
IQUW partnered with Zywave, for its directors’ and officers’ and cyber business. IQUW will use Zywave’s loss data product to support its new pricing model in its cyber and D&O lines of business. The aim of the partnership will be to allow IQUW to make faster and more accurate underwriting decisions. Zywave’s loss data will also increase IQUW’s speed of response to brokers and clients, as well as delivering insights into potential claims and loss estimates.
Core Specialty Insurance Holdings, Inc. partnered with Hallmark Financial Services, Inc.’s excess & surplus lines operations. The business acquired from Hallmark Financial Services, Inc. represents that portion of Hallmark’s Specialty Commercial Segment that is distributed through the wholesale insurance brokerage channel. Core Specialty and Hallmark have successfully worked together to ensure all policyholders continue to receive industry leading products and services, and to align the combined operations in the best interests of customers, agents, brokers and employees.