Agile organizations often talk about sprints, but insurers need to prepare for these programs like they are a marathon to ensure long-term success.
The series A round brings the company’s total capital raised to $16 million after a $5 million seed round from existing investors Vertex Ventures and Menora Insurance.
Built for the life and annuities industry, ProductHub can deliver as much as a 30 percent reduction in time to market, and as much as a 25 reduction in carrier product development costs, according to the vendor.
Socotra’s cloud-native platform will be leveraged to facilitate a smooth transition from existing architecture and provide a strong foundation for Symetra’s future.
It may be a sign of how technology is evolving that Dave Castellani, New York Life’s top technology officer, goes by the title of Business Information Officer rather than CIO. It is unquestionably an indication of Castellani’s own career history and philosophy.
The reciprocal insurance exchange serving health professionals in U.S. Western states will use OneShield’s SaaS core platform for policy administration, billing, claims and reporting.
The insurer’s decision to leverage V3locity across its entire group insurance business is aligned with Prudential’s overall growth and transformation strategy.
The firm’s team of industry veterans offers its insurance data and analytics solution Data Magnifier, and professional services focused on data strategy, systems conversion, complex data integration, and end-to-end data solution implementations.
The enterprise data model supporting both P&C and L&A companies is designed for insurers who have multiple core systems and want to make external data available in a comprehensive, consistent and consumable structure.
Focused on speed-to-market as a key competitive advantage, the MGA will use OneShield Market Solutions for policy, billing, claims and reporting.