Who's using what in P&C insurance: June 24, 2024
Insurance technology news from Cytora, ZestyAI, Columbia Insurance Group and more.
Cytora has partnered with ChAI, an AI-powered raw material market intelligence and commodity pricing forecaster. The partnership enables insurers to use ChAI’s commodity price forecasts and market intelligence for a range of commodities across metals, energies, plastics and agricultural on Cytora’s platform. It will deliver extensive insights into commodity price fluctuations and their implications on insurance risks, with access to commodity price forecasts up to a year ahead.
ZestyAI partnered with Duck Creek Technologies, the intelligent core systems provider defining the future of property and casualty and general insurance. This collaboration will see ZestyAI’s entry into Duck Creek’s esteemed ecosystem as a Solution partner, equipping P&C insurers with the property analytics and peril-specific risk scores they need to assess and manage climate-related risks.
Columbia Insurance Group selected Guidewire‘s InsuranceSuite as their next technological platform to ensure they are serving customers to the best of their ability. Soon Guidewire will power Columbia’s core business, simplify its IT operations and help deliver additional value to agents, policyholders and employees.
Related: Who’s using what in P&C insurance: June 17, 2023