The investment, which represents a minority position on the part of Spectrum, will be used to facilitate access to insights and resources and selectively pursue accretive acquisitions.
The partnership aims to extend voluntary benefits to thousands of employees nationwide without the typical implementation and administration difficulties businesses encounter.
The companies share a common vision to streamline processes for parties involved in the sales and support of commercial insurance, including agents, carriers, MGAs, and brokers.
SmartSource prefill delivers property characteristics directly into 360Value, Verisk’s replacement cost calculator, toward the goal of enhancing the underwriting process.
Brady oversees an information technology department of 140 professionals that comprises all IT functions and supports all business functions.
Four years into its mission, the GIA has found its stride, taking care in the startups it selects, and holding its investors accountable for doing their part in engaging with the InsurTechs.
The firm will act as the entity’s exclusive legal partner, providing the startups in the Hartford program with high-level advice on how to tackle the legal issues they might experience.
The insurer adopted the CloudInsurer platform for the ability to innovate products, capture new market opportunities and gain needed agility to meet the needs of its customers.
The new version includes enriched texting functionality to boost engagement, drive quicker decisions and improve conversations by weaving messages into the sales process.
The insurer chose Duck Creek for its rapid implementation of business initiatives, business process efficiency, and the depth of data shared among the core components.