Who's using what in P&C insurance: June 19, 2023
Insurance technology news from IAT Insurance Group, Guidewire, Bees360 and more.
Select Portfolio Servicing Inc. selected CoreLogic for its residential tax business solutions. CoreLogic’s servicing and payment solutions will help streamline critical workflows to support SPS’s commitment to their business and their customers. A cloud-based solution, the DigitalTax Platform transforms what has historically been a complex, paper-based process into a highly automated and streamlined workflow. The platform is designed to deliver transparency into key data, enabling lenders to make dynamic payment decisions and optimize their portfolio and cash management.
IAT Insurance Group selected Snapsheet Claims software to deliver the modern claims experience to its customers. Snapsheet’s SaaS platform provides the tools required for fully digitized, end-to-end claims management in one system — from optimized digital communications to effective workload management, digital payments and settlement — driving speed and results for insurers. With Snapsheet, customers can harness the true power of data and automation to make better, faster claims-handling decisions, improve agility and increase profitability.
Texas Mutual selected Guidewire’s InsuranceSuite on Guidewire Cloud to power their core business, simplify IT operations, adapt quickly to changing market demands and deliver value to stakeholders more quickly. A Guidewire customer since 2014, the company originally implemented Guidewire in a self-managed, on-premises mode.
Guidewire and One Inc partnered and announced that the new Built by Guidewire One Inc integrations are now available to ClaimCenter, PolicyCenter and BillingCenter Cloud users in the Guidewire Marketplace. Built by Guidewire apps are standardized integration solutions, pre-built and managed by Guidewire that speed the delivery and maintenance of common integrations.
CoreLogic partnered with Blue Sage Solutions, LLC, developers of one of the mortgage browser-based, end-to-end lending platforms. The resulting integrations allow Blue Sage’s customers to easily access services from its loan officer portal and LOS to drive efficiencies from point of sale through closing.
Bees360 and OneClick Data partnered to revolutionize property inspections and improve the insurer and homeowner experience. Bees360 uses drones and artificial intelligence (AI) technologies to streamline and modernize the traditionally manual and labor-intensive property inspection process. Certified drone pilot inspectors navigate the property, collecting multiple data points through high resolution imagery. The property data is analyzed by an AI engine that identifies any potential issues with the property, such as wind or hail related damages to the roof and exterior elevations.
Cerchia partnered with Warbler Labs and Goldfinch to establish the first on-chain lending pool dedicated to reinsurance capital. This collaboration is aimed at reducing the widening protection gap and connecting investor capital to attractive investment opportunities that support the world’s growth. In scope of the partnership is the potential launch of a lending pool fully collateralized with reinsurance instruments – the first of its kind.