Who's using what in P&C insurance: September 23, 2024
Insurance technology news from Cytora, Sikich, ProWriters and more.
Cytora has partnered with Mitiga Solutions, a leading provider of science-based climate risk intelligence. The partnership will mean insurers have access to EarthScan’s asset-level climate risk intelligence data through Cytora’s platform at a time when the threat of climate change is a key concern for businesses and new regulations mandate insurance players and their clients to disclose their exposure to climate risk. EarthScan is Mitiga’s on-demand climate risk analysis platform. It leverages data modelling, machine learning and state-of-the-art climate science to help companies analyze, report and act on their exposure to risks such as flooding, drought and extreme temperatures, across different climate scenarios and decades-long timeframes.
FIRST Insurance Funding selected Applied System’s Applied Pay. Applied Pay is Applied System’s cloud-based digital payments hub that enables insurance agents to provide their clients a secure, online way to pay agency bill premiums from anywhere, at any time. Now, this integration will deliver FIRST’s premium finance options at checkout.
RAFTR Roofing + Exteriors partnered with RoofMarketplace Inc., an online marketplace platform used to connect homeowners, insurance adjusters and contractors for the efficient resolution of roof claims. By partnering with RoofMarketplace, homeowners will have an additional layer of support in their claims process.
Sikich partnered with VIPR Solutions. VIPR, a global leader specializing in delegated authority business, focusing on underwriting authorities granted by insurers to third parties like managing general agents, brokers and coverholders. VIPR offers a range of software solutions for the program business insurance sector, including data management, compliance, and regulatory requirements.
ProWriters partnered with Travelers to utilize its Digital IQ Platform, a proprietary comparative rater that provides detailed data and customizable cyber insurance quotes for retail agents and brokers. Distinguishing itself in the market, ProWriters’ Digital IQ Platform balances industry leading technology with the oversight of experienced insurance industry experts.
Related: Who’s using what in P&C insurance: September 16, 2024