Who's using what in P&C insurance: August 19, 2024
Insurance technology news from Arch Insurance, Dabbs Agency, Amwins and more.
Arch Insurance North America has partnered with Cytora to further digitize its risk intake and streamline underwriting workflows. Arch Insurance has been investing in digital transformation to accelerate its transition to an operating model where higher volumes of risks are onboarded, decisioned and serviced more efficiently. By streamlining its risk intake, Arch can provide better, faster service for brokers and clients, enable underwriters to spend more time on risk decisioning and achieve more end-to-end visibility for strategic portfolio management.
EigenRisk partnered with Vexcel Data Program/Geospatial Insurance Consortium that will make Vexcel Data Program’s high-resolution aerial imagery and AI-enabled damage assessments available through the EigenPrism catastrophe risk management platform. Vexcel Data Program’s aerial imagery currently covers more than 40 countries and is widely used for property underwriting and claims response to the full spectrum of disaster events, including hurricanes and tropical storms, floods, wildfires, earthquakes, tornadoes, hailstorms and other severe convective storms.
Dabbs Agency has selected EZLynx as its technology foundation for agency growth. Using EZLynx’s single view of the customer across both personal and commercial lines of business and its in-depth analytics into agency performance, Dabbs Agency will leverage enhanced visibility into customer coverage gaps to identify cross-selling opportunities and drive new business.
HawkSoft and ClaimSetter partnered to help independent insurance agencies regain control of their insured’s experience during the claims process. ClaimSetter is the newest addition to HawkSoft’s Solution Partner program – an initiative focused on curating services that bring meaningful improvements to the day-to-day of running an independent insurance agency.
Amwins launched their “Tees-to-Green” flood insurance program powered by Floodbase and backed by “A” rated carriers designed to reimburse U.S. golf courses for lost revenue and repair costs incurred when courses are flooded. The first of its kind program fills a significant gap in flood coverage available to courses or golfing events. Golf courses are often built on land prone to flooding.