In light of the impact of severe weather to insurers, a data-centric approach is a must for today’s insurer seeking to develop and launch product offers that will grow their business and resonate with customers.
Wawanesa selected PolicyCenter and BillingCenter to help facilitate business agility and improve efficiency across its geographically dispersed organization and varied lines of business.
The companies’ successful pilot shows the promise of distributed ledger technology for commercial risk—and shows how insurers can quickly adopt new technology.
The insurer, live on Guidewire PolicySuite since 2012, characterizes the initiative as a step on the journey to a single billing platform.
The collaboratively built solution addresses the challenges vehicles with advanced technology present for diagnosis of damage and tracking of the collision repair claims process.
The CCM vendor reports 40 percent annual growth and expects to double revenue in two years with help from the additional funding.
LexisNexis and TrueMotion join forces to provide smartphone app solutions, data services and advanced analytics, enabling insurers to deliver distracted driving models as well as traditional UBI programs.
The new approach, already used successfully by clients such as Liberty Mutual and CSAA, combines implementation methods, tools, and accelerators via a cloud-based managed service as unified delivery approach.
As part of a larger modernization effort, Accident Fund will use VUE’s digital platform to supporting the management of its producers.
The insurer’s new underwriting approach, whereby customers can receive a decision in as little as three days, with no paramedical visits or lab work, validates a continuing trend.