The new funding will be used to expand existing artificial intelligence capabilities, accelerate product development, and increase adjusting, engineering and operations staff.
The agreement, which extends and existing partnership, will combine NTT DATA’s elevation Expertise with DigitalGlobe’s high resolution imagery and GBDX platform capabilities.
The insurer will collect data and images, as well as driver biometrics through wearable devices, to analyze driver behavior, improve training, optimize performance and reduce accidents.
Digital Insurance as a Service is designed to deliver a streamlined, consumption-based approach to better digital engagement for carriers striving to achieve digital transformation while upgrading core technology.
The new funding includes investments from three insurance companies led by Aviva Ventures, with participation by Desjardins Insurance and Fosun RZ Capital.
The InsureRight Platform applications will be integrated into Risk Administration Services’ underwriter workflow to provide advanced business intelligence and analytics-driven decision support.
As the art of underwriting becomes less important than the science of underwriting, customer experience becomes more of a differentiator.
The deployment of InsurancePlatform products supports a greenfield approach to create a brand new commercial lines company.
The objective of the insurer’s ongoing transformation program is to provide a modern and flexible underwriting platform, supporting many products and operating models while limiting cost and complexity.
CoreLogic’s RCT Express Ready for Guidewire accelerator enables Guidewire customers to quickly calculate comprehensive property valuation estimates.