Who's using what in P&C insurance: March 18, 2024
Insurance technology news from Oneglobal, Earnix and more.
Oneglobal took a digital and data first approach with over 90% of its UK business placed on Whitespace, a fully digital e-trading platform. Oneglobal’s approach is to put its customers at the heart of everything it does and that includes being technologically savvy to enable a faster and more efficient service for clients and underwriters alike.
Earnix and Sollers Consulting partnered for delivering Earnix solutions to property & casualty insurers in the UK, US, France, Benelux, Nordics and DACH regions. The partnership enabled clients to harness advanced analytics, machine learning and AI capabilities, empowering them to make data-driven decisions, improve pricing strategies, optimize product offerings and manage risk more effectively.
VIU by HUB partnered with Mile Auto, a pay-per-mile auto insurance company. The partnership brings an innovative solution to VIU, enabling customers to access affordable car insurance based on how much they drive. The partnership also enables Mile Auto to leverage VIU as a digital omnichannel platform to improve customer acquisition costs and grow its customer base.
USQRisk, LLC partnered with Ascend Analytics, LLC to launch an innovative solution to provide more efficient financing for utility-scale energy storage projects. Data and analytics for this product rely on Ascend’s deep understanding of developer needs and its end-to-end suite of analytic and pricing products, including SmartBidder bid optimization and PowerSIMM portfolio management platforms. By utilizing these programs to provide benchmarking and projection data, USQ can structure, price and tailor the revenue protection coverage to meet the unique needs of individual utility-scale energy storage projects.
Trygg-Hansa selected Guidewire‘s ClaimCenter on Guidewire Cloud to power its claims operations.
OpenEyes partnered with Metropoline, a leading public transportation company with a fleet of 1,900 buses, to help reduce accidents and claims. The landmark deal will strengthen the partnership that the companies have built over two years of working together to improve public transportation safety.
Cytora partnered with consumer and business data provider Techsalerator. The partnership enabled commercial liability insurers to automatically gain a range of data insights when assessing business risks. The integration will bring crucial business data points such as revenue, industry, employee numbers, ESG scores and KYC from Techsalerator directly into Cytora’s risk processing platform. That process enables insurers to operationalize data more effectively across their lines of business, with multi-step workflows from submission to quote.