Who's using what in P&C insurance: November 13, 2023
Insurance technology news from Origami Risk, CNA, FCCI Insurance Group and more.
Origami Risk and Dais Technology, unveiled a streamlined first notice of loss claims integration for managing general agents (MGAs) and insurance carriers at the InsureTech Connect event in Las Vegas.
LexisNexis Risk Solutions partnered with IMS, a leading global vehicle and driving data business. IMS will leverage the LexisNexis Drive Metrics scoring model. Whether data is from the IMS DriveSync platform or from LexisNexis Telematics OnDemand, insurers using both solutions can leverage the benefit of a single, consistent driving score to benefit consumers.
LexisNexis Risk Solutions partnered with Vexcel Data Program to add its imagery as a key enhancement to LexisNexis Rooftop. An integral part of end-to-end property intelligence solution, LexisNexis Total Property Understanding, LexisNexis Rooftop offers customers two Rooftop models to choose from. This includes a geospatial model enhanced by comprehensive claims datasets from LexisNexis Risk Solutions, as well as a geospatial imagery model that utilizes manned fixed-wing aerial imagery to provide carriers with first-hand visibility of the roof in addition to over 30 imagery-analytics attributes.
CNA selected Guidewire‘s ClaimCenter and Guidewire PolicyCenter on Guidewire Cloud to power its claims, policy administration, and underwriting businesses; simplify its IT operations; quickly adapt to changing market demands; and improve agent and customer engagement to continue to growing its business.
Otonomi partnered with Redkik to revolutionize the way logistics companies and shippers mitigate their financial risks. This groundbreaking partnership is bound to bridge a $50 billion protection gap in the time-critical freight sector, where shippers of pharmaceuticals, perishables, aerospace engines, aircraft part, and many other expedited assets shipments are in dramatic need of proper insurance coverage.
Citizens Property Insurance Corporation selected Verisk‘s Aerial Imagery Analytics solution to help provide a more comprehensive view of risks across the state. Verisk collaborates with Vexcel Data Program, the world’s largest aerial imagery program, to source imagery and elevation models and then Verisk applies computer vision machine learning to derive its library of imagery analytics for P&C insurers.
FCCI Insurance Group selected Duck Creek Policy to enhance underwriting and customer value across more than 20 states, plus Washington, D.C., leveraging the agility and efficiency of Duck Creek’s cloud-based solutions. With Duck Creek’s cutting-edge policy solution delivered through Duck Creek OnDemand, FCCI will harness the power of Duck Creek’s comprehensive software-as-a-service (SaaS) offering. This deployment will empower FCCI with seamless, real-time upgrades, facilitating business expansion and consistent producer support, all while advancing underwriting and policy capabilities.
Related: Who’s using what in P&C insurance: November 6, 2023