Who's using what in P&C insurance: August 21, 2023
Insurance technology news from Insurity, One Concern, Cover Whale Insurance Solutions and more.
First Light Program Managers selected Insurance Quantified’s underwriting workbench, SubmissionIQ, to streamline its underwriting workflow and enhance speed to market. By working with Insurance Quantified’s leading technology, First Light aims to streamline operations, enhance speed-to-quote and unlock new avenues for business growth.
Insurity partnered with Web Connectivity Limited, a Zywave company, a provider of ACORD standards-based solutions for the commercial insurance industry. This partnership will empower carriers, brokers and syndicates to leverage Insurity’s Sure Underwriting platform while expanding access to tools related to London Market insurance operations by adding a London Market messaging function.
One Concern and Swiss Re partnered to enhance the underwriting and management of NAT CAT business interruption risk. Under the partnership, One Concern’s Business Interruption Risk Scores and Metrics DNA product will be made available to insurers via Swiss Re’s CatNet platform. CatNet provides users with an overview and assessment of natural hazard exposures worldwide. It assesses the risk by combining hazard, loss, exposure and insurance information with selected background maps and satellite imagery.
Cover Whale Insurance Solutions, Inc. partnered with Aon’s CoverWallet, a leading digital insurance platform for small business owners. The collaboration brings together the innovative capabilities of two leading insurtech solutions by combining Cover Whale’s trucking insurance capacity with CoverWallet’s distribution strengths.