Who's using what in P&C insurance: September 4, 2023
Insurance technology news from Planitar Inc, ZestyAI, Beazley and more.
Planitar Inc. and Verisk partnered to accelerate the insurance industry’s claims process. Leveraging the market-leading technology of both providers, the collaboration introduced a groundbreaking solution, iGUIDE Instant Sketch. This integration of iGUIDE and Verisk’s Xactimate platform is designed to enable insurance adjusters to process claims with unprecedented accuracy, speed and increased efficiency.
AmTrust Financial Services, Inc. selected One Inc’s inbound payments platform and best-in-class solution, PremiumPay. Optimizing One Inc’s PremiumPay will help AmTrust use the most innovative solutions to monitor and improve its customer experience and premium collection process. AmTrust joins the roster of accredited insurers adopting One Inc’s seamless payment solution, adding to the series of new insurance partnership announcements this year.
Trawick Insurance Brokerage selected XDimensional Technologies‘s Nexsure Insurance Platform. The platform enabled the agency to expand and grow its business. Trawick Insurance Brokerage offered its clients business, marine, and personal insurance products, focusing on high-value coastal property and all types of marine contractors. Before moving to the Nexsure Insurance Platform, the agency was using an older agency management system that no longer served the needs of its business.
ZestyAI partnered with West Bend Mutual Insurance Company to analyze property risk in their existing portfolio and enhance the inspection process. Using ZestyAI’s property risk analytics platform, Z-PROPERTY, West Bend will conduct a comprehensive review of its residential portfolio, with a specific emphasis on assessing roof condition. To get a comprehensive analysis of roof quality and condition, West Bend will leverage ZestyAI’s Digital Roof solution within Z-PROPERTY, which is an AI-generated, 3D analysis offering unparalleled insights on roof condition, complexity and potential points of failure.
Nationwide partnered with Teledyne FLIR and PrevTech Innovations to help agriculture customers and partners mitigate these electrical risks before they evolve into dangerous and costly outcomes. These new partnerships add to a robust suite of protection solutions Nationwide has made available at preferred pricing to its customers, including E-Fire Extinguishing Balls, HAYTECH bale monitoring probes and Razor Tracking’s fleet management solutions.
Beazley partnered with Sola Technologies and Spinnaker Insurance Company to provide the first admitted parametric tornado disaster benefit insurance for homeowners. The innovative Tornado Crisis product leverages National Weather Service data to automatically initiate a fast and straightforward claims process.