The homeowners insurance innovator plans to expand its product to reach more than half of U.S. homeowners during 2018.
InsuredMine offers a consumer app to manage insurance policies and works with carriers to match the right products to users’ needs.
A mobile app leveraging DigitalConnect enables straight-through processing with AMHI’s core policy system to approve the policy and provide a payment option to enable the real-time close of sale.
Among the technologies areas exemplified by the companies in the 2018 GIA cohort are AI, gamification, continuous underwriting, portals, apps, IoT/connected world devices.
The insurer anticipates a variety of efficiency benefits, rapid product deployment, and the freedom of its underwriters to focus on more high-value tasks.
The Chainsure and WealthChain solutions are designed to help insurers and financial services firms combine blockchain technology with enterprise capabilities to impact multiple areas of their value chains.
The company says the capital will allow it to grow its sales and marketing teams, expand into additional U.S. markets and execute on its product roadmap.
The value propositions for insurers include simplification, agility, and access to better data and analytics; for the platform provider: revenue and the ability to build new kinds of service offering by itself and with platform partners.
Munich Re, through a non-admitted affiliate, will underwrite coverage for users of Waymo’s driverless ride-hailing services planned to debut in Phoenix, Arizona in 2018.
The Ohio-based carrier has implemented the Guidewire products to increase business agility and enhance agent experience.