Who's using what in P&C insurance: June 17, 2024
Insurance technology news from Crawford Technologies, MEMIC, Send and more.
The Insurance Store selected Indio to automate their P&C insurance application and submission process. Indio creates a collaborative application process where The Insurance Store’s customers can input relevant risk and supplemental information that is pre-populated across multiple applications to reduce redundant data entry for all stakeholders.
Crawford Technologies partnered with Docuvela, an emerging innovator of cloud-based document management and content services. Crawford Technologies has partnered with Docuvela because of the company’s modern approach to storing data and content that simplifies integrations with line of business applications, AI tools and other modern technologies. Docuvela will benefit with the ability to integrate Crawford Technologies’ full suite of customer communications management solutions into its current offerings delivered via a comprehensive, innovative cloud-based solution.
The Andover Companies selected Guidewire Predict to segment risks by their impact on loss ratio to better compete in the Northeast U.S. insurance market.
CRC Group partnered with Darkweb IQ and the company’s newly formed CRC / INSUREtrust Cyber Practice Group. With this new partnership, Darkweb IQ is available as part of INSUREtrust’s Cyber PreCheck platform. Cyber PreCheck simplifies the application process and provides vulnerability scanning as well as IT and insurance budget prioritization guidance for policyholders.
Counterpart partnered with Westfield Specialty Insurance, to provide an admitted product for Counterpart’s small business customers and, for the first time, nonprofit organizations, through its network of trusted broker partners. The partnership with Westfield Specialty represents one of three A-rated insurance carriers to back Counterpart, which is already supported in the surplus lines by Aspen Insurance and Markel.
PAVO Insurance Solutions selected Input 1 to provide integrated premium finance, direct bill and digital payment solutions. With a cutting-edge, user-friendly premium finance marketplace that streamlines the insurance transaction process, PAVO Insurance Solutions sees the value in collaborating with Input 1 to enrich its platform by incorporating its quoting marketplace, digital payments and premium financing, seamlessly at the point of sale, ensuring a streamlined process, reduced operational costs, modernization and improved customer satisfaction.
BluSky Restoration Contractors, LLC partnered with the Aresty Institute of Executive Education at the Wharton School of the University of Pennsylvania, a custom executive leadership program called “Building Growth Focused Leadership.” This groundbreaking initiative, designed to sharpen the strategic acumen and enhance the leadership capabilities of its participants, underscores BluSky’s commitment to investing in its people and nurturing future leaders.
MEMIC selected Guidewire‘s PolicyCenter and Guidewire BillingCenter as its new systems for policy administration, underwriting and billing management. The company will implement the products on Guidewire Cloud simultaneously beginning with the state of Maine, followed by the rest of the states where it operates. Guidewire PartnerConnect Consulting Global Premier member PwC has been selected to lead the implementation project.
Send and hyperexponential partnered and integrated their cutting-edge technologies, providing a comprehensive pricing ecosystem for insurers. This collaboration allows users of hyperexponential’s pricing decision intelligence platform, hx Renew, to seamlessly connect with Send’s leading underwriting workbench capabilities.