The CCM vendor reports 40 percent annual growth and expects to double revenue in two years with help from the additional funding.
Advances in virtual reality are helping to revolutionizing the insurance industry, creating a more efficient, and more cost-effective, marketplace to the benefit of carriers and customers alike.
An efficient and customer-friendly P&C claims process is critical in today’s soft market, where loyalty is fragile at best, and acquiring new customers is expensive.
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.
The company also announced the launch of its “touchless” Smartphone Protection product, which conducts automated diagnostics on the phone to be insured.
The selection supports Ethias’ strategic plan to simplify and streamline underwriting, claims and billing processes, as well as to implement its digitalization blueprint.
Through the new partnership, agents using Bold Penguin’s online marketplace will gain access to real-time pricing for the risks already coming through the portal.
The vendor will apply the investment to accelerate development of its claims platform and to expand sales, marketing and customer engagement functions.
Led by Draper Nexus and TransLink Capital, the latest round brings Notion’s total funding to approximately $15 million since its founding in 2013.
Duck Creek calls HTC a delivery partner that will provide expert system integration, analytics, and long-term technical support for insurers utilizing Duck Creek solutions.