Starting as an industry outsider and Silicon Valley insider figuring out core systems for a Rwandan insurer, Socotra has about a dozen customers across four continents, including household name organizations such as Nationwide and Mutual of Omaha.
The vendor says that partners will also have full access to eight years of in-market experience, insights, and validated learnings in driver scoring.
The acquisition enhances onshore insurance managed services and technology capabilities of Xceedance in North America.
The new fund brings MMV Southeast Asia’s investment capital to $150 million, tripling its initial size in one year.
The insurer’s decision to move to Insurity’s cloud-based platform has yielded a 44 percent time improvement over the on-premise environment.
Coenen brings experience from leadership roles at Agile Consulting, Centric Consulting, Slice and Majesco.
Majesco describes Digital1st Insurance is a cloud-native, microservices-based digital experience platform with a low code/no code configurability and a robust API and partner ecosystem apps.
Updates to Foundation versions of both products reflect Hyland’s continued adoption of the most modern technologies to offer leading-edge solutions and user experiences.
Some of the innovation areas that have enjoyed the most discussion in the insurance industry are slow in being adopted by the consumers, and in turn by insurers on an operational level.
The Top Ten are chosen based on the greatest current and potential ability to change the industry through InsurTech.