Since deployment, the insurer has enjoyed greater growth and profitability in Deluxe BOP and its flagship personal auto product.
Root it is now able to use driving data from the Exchange in its own scoring model to price UBI coverage at point of sale.
The consumer-focused Advisor Experience is designed to unify data silos, unconnected applications and disparate client data to dramatically improve customer experience.
The new solution enables businesses to meet compliance standards and improve customer experience by providing quick access to historical documents and data across all channels.
The auto distributor’s insurance strategy uses data analytics-driven underwriting models to eliminate high origination fees borne by consumer.
The research forecasts that industry cost savings from AI will grow from $340 million in 2019 to $2.3 billion by 2024, as insurers exploit efficiencies achieved through the automation of resource-intensive tasks.
The company rapidly implemented the solution, including deployment of an Adviser portal, sales administration, integrated underwriting engine, commissions processing, reinsurance reporting and CRM and data warehouse integration.
Aspen used Mozart to research, create, and edit policy language for its U.S. operations, helping to the insurer to implement a library of policy forms and endorsements.
An integration with Duck Creek Claims gives carriers access to WeGoLook’s network of over 45,000 on-demand ‘Lookers’ from directly within the Duck Creek Platform.
The vendor has published its first Ready for Guidewire accelerator, designed to help P&C insurers more accurately price driver risk and improve underwriting performance.