Who's using what in P&C insurance: October 23, 2023
Insurance technology news from Hourly.io, Mutual Life Insurance Company and more.
Hourly.io selected Origami Risk’s multi-tenant Software-as-a-Service P/C core solution to bring critical automation to its breakthrough insurance platform for small and mid-sized businesses with hourly and mobile workers. The platform integrates rates and rules from NCCI and other bureaus with Hourly’s underwriting models. Hourly combines payroll with time and attendance data to determine workers’ compensation premiums with to-the-penny accuracy in real time.
Mutual Life Insurance Company selected V3locity, Vitech‘s cloud-native administration, engagement and analytics platform, to support its Pension Risk Transfer business. With V3locity, MassMutual can automate additional functions of the PRT process and annuitant experience, including new business acceptance, onboarding and benefit and payment processing, supporting the insurer’s robust sales and service volumes while driving additional operational effectiveness and efficiency.
Related: Who’s using what in P&C insurance: October 16, 2023