The partnership has resulted in Liberty’s underwriters gaining automated access to thousands of third-party data sources and deeper insights into risks.
As a result of the 7-month initiative the insurer now enjoys an enhanced user experience and integration with Milliman InelliScript’s Irix — Risk Score.
The acquisition equips the company with a robust database offering for prospecting and enhances its existing client delivery, analytics and content solutions.
The solution helps carriers reduce underwriting expenses through more efficient data collection and superior insight for underwriting risk selection, as well as improve loss experience.
Verisk seeks to strengthen its existing data and analytics solutions for the life and annuities market.
The projections provide carriers a forward-looking view and serve as an external environment benchmark to recalibrate their internal projections.
The product includes blanket coverage for items in the home, on-demand insurance for individual items taken out of the home, plus liability and emergency accommodation cover.
In his new role, Gumpright is tasked with driving the company’s global development teams to strengthen FRISS’s solutions.
Originating in part from Nationwide’s Test and Learn Lab, the agent-facing platform exemplifies speed in both quoting and application delivery.
Announcements of new startups have not slowed, and the industry is seeing more second-round investments and larger funding amounts.