The vendor’s suite is a cloud-native Life, Annuity and Health insurance platform along with its new agency management system, which includes advanced membership management capabilities.
The deployment of InsurancePlatform products supports a greenfield approach to create a brand new commercial lines company.
Factors in the Canadian broker’s legacy replacement decision included modern technology, robust functionality and automation, and the ability to customize for PBL’s specific needs.
The winner will be awarded a US$91,000 contract to pilot its solution at MetLife Japan, MetLife’s largest business in Asia.
MGIC will be the first carrier to offer mortgage insurance through LendingPad, enabling the platform’s customers to get quotes and order mortgage insurance.
The specificity of commercial lines business is precisely why insurers in this sector are poised to become the beneficiaries of new tech-driven efficiency gains up and down the value chain.
The new functionality integrates advanced data and analytics along with third-party data, to pre-fill data elements and streamline the quoting process.
AIU sought a software solution that was compatible with Salesforce and could handle its wholesale insurance needs.
Having begun using Bold Penguin for a small number of states and producers, INGUARD has now adopted the platform for its entire agency.
Baldwin & Lyons, Inc., on behalf subsidiaries under the Protective Insurance brand, along with another large U.S. property/casualty insurer, bring total number of InsurePay users to 20.