Insurance technology news from Cytora, Selective Insurance, Karma Wallet and more. (Credit: TippaPatt/Shutterstock)
Cytora partnered with Gamma Risk, the global provider of location intelligence systems and services. The integration of Gamma Risk's Perilfinder into Cytora's advanced underwriting productivity tool will provide insurers with enhanced tools for precise risk evaluation and management. Perilfinder is a cutting-edge address-level risk assessment and reporting solution that includes map visualization, intuitive risk and accumulation scoring, and powerful spatial catastrophe models. This will enable more comprehensive risk evaluation and better decision-making.
Selective Insurance selected One Inc's ClaimsPay digital payment solution. The ClaimsPay digital payment system revolutionizes how individuals receive claim funds by leveraging popular payment platforms such as Venmo and PayPal for quick and direct transfers. The ClaimsPay enhancement will streamline Selective's claims settlement by integrating with Selective's SMS-based claims communication tool, providing efficiency, enhanced communication and ease for policyholders.
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