Who's using what in P&C insurance: April 22, 2024
Insurance technology news from Mulberri, Matic, Struction Solutions and more.
Mulberri partnered with Acronis to offer their cyber insurance to Acronis‘ small and medium-sized business (SMBs) customers in the U.S. The collaboration aims to streamline access to cyber insurance for SMBs, addressing the challenges faced in the cyber insurance market, including complex underwriting processes and cumbersome enrollment steps.
Matic and USA Mortgage partnered to provide property & casualty insurance products to USA Mortgage customers. Under the partnership, Matic’s innovative insurance marketplace will be integrated into the USA Mortgage home lending experience, allowing borrowers to shop for personalized rates and coverage as part of the mortgage process.
MassMutual partnered with Insurify, enhancing its insurance product line with property and casualty insurance options. This collaboration integrates AI and dedicated specialist support to streamline insurance policy comparison, purchase and management.
CLARA Analytics announced it has been selected by one of the world’s largest personal auto insurance companies as the foundation for their AI-enabled claims management initiatives. CLARA helps carriers to make sense of voluminous information, streamline claims management, improve medical outcomes, and reduce administrative burdens for adjusters.
Cytora partnered with cybersecurity company DynaRisk. The partnership will enable insurers to use DynaRisk’s suite of cyber risk assessment data on Cytora’s platform. As a result, underwriters will immediately be able to take into account a host of data points regarding a company’s exposure to cyber risk when calculating insurance quotes. This will enable more comprehensive risk evaluation and better decision-making.
Bright Insurance has selected EZLynx as its technology foundation to drive its growth agenda. An all-in-one management system, EZLynx will enable Bright Insurance Services to manage the full policy lifecycle – from quote to bind to servicing and renewals – with automation and reporting at each stage – as efficiently and effectively as possible.
Aurenity expanded its buffer excess casualty program with Everspan to a full $5m ‘lead’ excess offering. The program targets construction, hospitality, real estate, and products writing both unsupported and supported excess over Aurenity’s primary GL team.
Mendota Insurance partnered with Edge, the global hiring platform, during a critical growth phase. With the use of Edge’s hiring platform, Mendota has successfully recruited a team to fill key administrative roles such as CSRs, auditors and claims specialists.
Struction Solutions has selected VCA Software to power claims management and address the multifaceted challenges of today’s insurance claims environment. With VCA Software, Struction Solutions can automate workflows, streamline complexities, improve performance metrics, and secure a competitive advantage in the market. Its team is committed to customizing VCA’s capabilities to meet the specific needs of its organization and the clients.