Optimum Insurance, Optimum West Insurance, and Optimum Farm Insurance have selected Guidewire InsurancePlatform Core products for their residential lines of business.
CEO Jeffrey Glazer characterizes Activer Solutions as an independent strategic partner, that provides a complete outsourced operating business model for P&C insurers.
Leandro DalleMule will serve as General Manager, North America for the AI-based data platform for commercial insurance founded in 2016.
The platform is designed to provide agents with a streamlined way to offer commercial insurance to businesses, accessing top carriers for multiple types of policies from a single point of entry.
The $87 million cash transaction will complement an earlier acquisition of Sequel, helping to position Verisk as a leading provider of software to the global specialty market.
The fact that damage from fire, including wildfire, is included in standard homeowners’ policies in California informs AIR’s assumption of nearly 100 take-up rates.
The insurer’s liability policyholders benefit from access to the vendor’s machine learning and AI-driven ChemMeta risk analytics.
The new data score from LexisNexis Risk Solutions uses predictive analytics to enable insurers to more accurately rate and underwrite local fire responses.
Using third-party integrations and performance monitoring, the Business Owners Policy portal delivers instant quotes and binds business in eight small business categories in as little as 10 minutes.
The company will use the funding led by 4490 Ventures to expand its global presence in the agriculture market.