MS&AD’s participation in Hippo’s July Series E round led to the companies seeing alignment in their visions for the growth and the role that InsurTech can play in it.
The solution enables automated, rapid, and sophisticated life insurance underwriting decisions about new customers, regardless of whether the potential insured has a complex history.
The pay-per-mile auto insurance pioneer will go public by merging with INSU II, a publicly-traded special purpose acquisition company sponsored by Cohen & Company.
Luko, which predicts which claims may be filed and engages policyholders to adopt best practices to avoid them, also relies on technology to shorten the claims process.
The insurer’s use of the vendor’s Resonant New Business and Underwriting into its new business platform has accelerated sales during the COVID-19 pandemic.
The new platform consolidates Bluefire’s customer experience across multiple core administration systems.
Speaking at Connections 2020, Diego Devalle, Guidewire’s Chief Product Development Officer, said that Autopilot seeks to flip a highly manual claims model to make manual processes the exception.
In his virtual presentation, Mike Rosenbaum spoke of the momentum of Guidewire’s cloud journey and addressed how the company has fulfilled its commitment to deliver new releases biannually, first with Aspen in June and Banff in November.
With the pace of change InsurTech has driven—and which COVID-19 has accelerated—the competitive pressure for insurers to change has grown proportionately more intense.
ACORD Transcriber automatically download, extract and populate data in various document formats, enabling direct systems integration and straight-through processing.