In light of the impact of severe weather to insurers, a data-centric approach is a must for today’s insurer seeking to develop and launch product offers that will grow their business and resonate with customers.
Wawanesa selected PolicyCenter and BillingCenter to help facilitate business agility and improve efficiency across its geographically dispersed organization and varied lines of business.
The companies’ successful pilot shows the promise of distributed ledger technology for commercial risk—and shows how insurers can quickly adopt new technology.
LexisNexis and TrueMotion join forces to provide smartphone app solutions, data services and advanced analytics, enabling insurers to deliver distracted driving models as well as traditional UBI programs.
Incorporating analytics helps hone an insurer’s strategy, drive innovation, and new core competencies to protect and grow competitive.
The insurer’s new underwriting approach, whereby customers can receive a decision in as little as three days, with no paramedical visits or lab work, validates a continuing trend.
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.
Led by Draper Nexus and TransLink Capital, the latest round brings Notion’s total funding to approximately $15 million since its founding in 2013.
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.