Who's using what in P&C insurance: June 26, 2023

First Chicago Insurance Company selected Verisk to refine its commercial auto underwriting with robust vehicle data. The insurer is leveraging Verisk’s new commercial lines VIN Decode solution to gain a more robust understanding of risk unique to commercial and specialized vehicles. With an individual vehicle identification number, the solution delivers information on more than 50 detailed vehicle attributes, such as year, make, model, weight, engine and transmission, seamlessly into First Chicago’s underwriting workflow.

Germania selected Guidewire’s InsuranceSuite self-managed environment to Guidewire Cloud. With this, Germania’s goal is to continue expanding digital capabilities, offer new innovations to its members and simplify IT operations. Germania has moved most of its lines of business to Guidewire Cloud which, in the near future, will include commercial general liability and business auto.

Related: Who’s using what in P&C insurance: June 19, 2023