Who's using what in P&C insurance: May 20, 2024
Insurance technology news from Earnix, Clearcover, Cloverleaf Analytics and more.
Earnix and Exavalu partnered to provide leading property and casualty insurance carriers with improved operational and analytical flexibility to accelerate product pricing and rating innovation. This partnership combines technology and solutions consulting expertise to ensure operational flexibility and solid integration with core policy management systems.
Clearcover partnered with Ada to launch a customer-facing generative AI solution. Ada’s ‘AI Agent’ for customer service automation, complements and streamlines the workflow for Clearcover’s Customer Advocates. The new solution, which is available to customers 24/7 via Clearcover’s website and mobile app through a conversational interface, significantly reduces wait times while delivering quick, precise and mindful responses and resolutions to even the most complex inquiries.
Cortical.io partnered with Swiss Re, a global leader in reinsurance. The collaboration aims to facilitate the adoption of intelligent document processing among group insurance carriers. Founded in 2011 in Austria, Cortical.io is a pioneer for efficient artificial intelligence solutions that automate labor-intensive insurance processes like intake, submission and quoting. Cortical.io’s IDP solution, SemanticPro, which has been in production at major insurance carriers for several years, will be offered to Swiss Re’s clients to accelerate the intake process and improve the quality and efficiency of quote preparation and policy comparison.
Cloverleaf Analytics and Exavalu partnered to advance the insurance industry to a more intelligent and innovative future with the announcement of a P&C Insurance ML app store initiative. As part of the program, the companies are offering a pre-launch opportunity for insurance carriers to have custom-developed ML applications that are tailored to their unique needs and challenges as part of the launch scheduled for Q4 2024.