As a result of the 7-month initiative the insurer now enjoys an enhanced user experience and integration with Milliman InelliScript’s Irix — Risk Score.
Identifying new product agility as critical, the U.K. insurance brand is building on the 2017 launch of its travel insurance line on Duck Creek.
The acquisition equips the company with a robust database offering for prospecting and enhances its existing client delivery, analytics and content solutions.
Self-service is important, but insurance will always be about trust and relationships so insurers need to balance digital investments in order to focus on ways to deepen human relationships, not replace them.
Applied calls the acquisition a critical component of its investment in digitizing the end-to-end commercial lines submissions process across agencies, brokers, insurers and insureds.
The product includes blanket coverage for items in the home, on-demand insurance for individual items taken out of the home, plus liability and emergency accommodation cover.
As MGAs continue to provide specialized underwriting solutions for customers’ risk exposures, they will become an increasingly attractive partner for those seeking profitable growth in a difficult market.
Originating in part from Nationwide’s Test and Learn Lab, the agent-facing platform exemplifies speed in both quoting and application delivery.
Announcements of new startups have not slowed, and the industry is seeing more second-round investments and larger funding amounts.
Launching with an up-market homeowners in Illinois and Arizona, Openly will expand into other lines, such as auto, emphasizing simplifying and modernizing the process for consumers.