IIR talks with Rick McCathron, Hippo’s Chief Insurance Officer, about where the company is today, and how the new funding round supports its ambitious mission to transform homeowners insurance.
The vendor expects Germany to become a leading strategic market for Sapiens cloud-based IDITSuite and digital offerings.
Tech advances coupled with AI can help insurers manage risk, improve underwriting and boost customer experience.
Insurers have seen virtual estimating used successfully for both low- and high-severity claims, making them more willing to begin automating the complex, labor-intensive claims process. The question is, where do they start?
Utilizing Flyreel’s AI-assistant tool, customers can document interior and exterior data including property features, materials and other factors, while identifying associated hazards.
Majesco leadership says the transaction, valuing the company at $594 million, will support the company’s strategic vision to help global insurers transition to the cloud.
The pandemic hasn’t slowed the pace of insurance innovation, but the insurance technology community’s largest in-person event has adapted to serve its global participants during a time of restricted travel.
The vendor has secured launch clients for the next-generation system that it describes as providing insights for every touchpoint in the property insurance ecosystem.
Yonomi will automatically notify participating insurance carriers if a device within the Flo by Moen Smart Water Security System is installed and active in a consumer’s home.
Reorienting insurance to the consumer’s perspective requires rethinking processes in light of their needs.