The companies’ successful pilot shows the promise of distributed ledger technology for commercial risk—and shows how insurers can quickly adopt new technology.
As part of a larger modernization effort, Accident Fund will use VUE’s digital platform to supporting the management of its producers.
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.
Michael Cross, head of CSAA Insurance Group’s Digital Services division, talks about building the company’s customer and agent facing capabilities from the ground up.
The solution allows insurers to capture the conversation behaviors of their most successful frontline employees, and then encourage those behaviors in all frontline staff.
Insurers usually have a big vision for CRM, but go small when implementing, self-limiting the potential value of the investment.
The solution will be used to deliver life insurance policies and related documents based on a collaborative workflow including the insurer, distributor, financial advisor and customer.
The insurer has deployed the solution for policy admin, underwriting, billing, and rating, along with ancillary functions, such as distribution management, and G/L accounting integration.