Who's using what in P&C insurance: November 20, 2023

Great American selected Guidewire‘s InsuranceSuite on Guidewire Cloud to power its core business, simplify its IT operations, adapt to changing market demands and deliver more value to policyholders, agents and brokers.

Harford Mutual Insurance Group selected Origami Risk’s multi-tenant software-as-a-service billing platform to bring automation, speed and efficiency to its premium collection and payment process across all its commercial property and casualty lines of business.

Verisk partnered with the National Fire Protection Association to provide wildfire risk and mitigation data from its Firewise USA recognition program to 12 additional states in the western U.S. Through this extended agreement, Verisk will now expand its license from California to mitigation insights for the remaining western coverage states, including Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah, Washington and Wyoming.

NeuralMetrics partnered with The Cincinnati Insurance Company to provide risk-quality insights for Lessor’s Risk Only policies, enhancing the insurer’s small business underwriting processes for tenant occupancy risk. This new initiative is an extension of an ongoing relationship between Cincinnati Insurance and NeuralMetrics to provide critical, precise classification data and risk intelligence in real-time from structured and unstructured public information about small and middle market businesses.

INSTANDA partnered with Great Plains Casualty Insurance to power the carrier’s commercial trucking package. With the successful self implementation completed in just four months, Great Plains projects INSTANDA’s digital innovations will contribute to a boost in revenue by a factor of eight over the next four years.

NYCM Insurance selected Earnix to enhance its precision modeling capabilities and support dynamic pricing strategies. Earnix powers insurers to compete, differentiate and grow in highly competitive markets. This will be achieved through robust data science, analytical modeling, and real-time AI capabilities of Earnix’s pricing and product personalization. Insurers can then rapidly develop and deploy rates through a process that supports governance, monitoring and compliance reporting.

One Inc and J.P. Morgan Payments partnered to leverage J.P. Morgan’s comprehensive liquidity and payments capabilities as part of One Inc’s digital claim payouts platform, further digitizing and deepening the claims experience. This partnership merges both organizations’ deep-rooted insurance industry expertise, positioning insurers to offer comprehensive, end-to-end solutions for a broad spectrum of property and casualty insurance claims payment needs.

Duck Creek Technologies partnered with Microsoft. This collaboration is poised to empower insurers to reimagine their businesses by facilitating smoother implementation processes and faster speed to market through the aid of generative artificial intelligence—a transformative technology that enables the creation of innovative applications and low-code solutions.

Related: Who’s using what in P&C insurance: November 13, 2023