Who's using what in P&C insurance: August 12, 2024
Insurance technology news from Rockford Mutual Insurance Company, EBM Insurance & Risk and more.
Rockford Mutual Insurance Company has selected Sapiens‘s ReinsurancePro to fully automate their reinsurance management processes, to maximize efficiency and profitability, and mitigate costly claims leakage. ReinsurancePro’s strong automation and highly transparent, efficient platform will enable Rockford Mutual to seamlessly conduct auditable processing, manage complex reinsurance transactions, and quickly respond to new reinsurance offerings. Sapiens’ automated solution systematically eliminates complexities within treaties by balancing the appropriate coverage with the rising costs of coverage, enabling Rockford Mutual to track, bill, recover reinsurance, and capture data appropriately.
EBM Insurance & Risk partnered with CyberCube, the leading provider of cyber risk analytics. This collaboration will see EBM licensing CyberCube’s Broking Manager and Prep Module, significantly enhancing its capabilities in cyber risk quantification and mitigation for businesses both domestically and internationally. CyberCube’s advanced tools will equip EBM’s brokers with the insights and resources needed to prepare clients for successful cyber risk management. Broking Manager will provide clear cyber risk reports to help companies understand their specific cyber vulnerabilities and risks.
Related: Who’s using what in P&C insurance: August 5, 2023