Who's using what in P&C insurance: November 4, 2024
Insurance technology news from Cognizant, Brickeye and SimplePin.
Cognizant partnered with FCCI Insurance Group to support the creation of FCCI’s new Excess & Surplus lines of business. This strategic collaboration leveraged Cognizant’s expertise in the insurance sector and Duck Creek Technologies’ Policy with Active Delivery with the goal to modernize FCCI’s operations and drive expansion into the E&S market. FCCI’s transition to Duck Creek’s platform will allow for active delivery and help the company drive operational efficiencies, automate manual processes, and enhance the speed to market for new products.
Brickeye and iMitig8risk partnered to transform how construction risks are assessed and mitigated. The partnership is focused on mitigating water damage and concrete defects on major construction projects, helping insureds and insurers reduce claim frequency and severity and lower the cost of builders’ risk insurance.
SimplePin partnered with DocuSign, the Intelligent Agreement Management company. This marks a significant milestone in SimplePin’s vision to transform insurance operations by combining advanced document management with seamless financial back-office automation.
Related: Who’s using what in P&C insurance: October 28, 2024