Having invested in Betterview in 2018 and become a user the following year, Nationwide believes ‘the sky’s the limit’ with regard to the partnership’s potential for creating value and enabling a more proactive relationship with customers and distribution partners.
Cloverleaf will improve the non-standard auto carrier’s rate making and provide insights across systems, enabling the design of new and innovative products and processes.
Through the partnership, critical property intelligence and risk management solutions from the Betterview Platform will now be available within the user interface of the OneShield suite.
The software enables the carrier to move beyond traditional underwriting methods and provide more accurate quotes that highly correlated with a policy’s unique risks.
The new feature lets insurers understand hurricane risk in an easy, transparent way through an intuitive, single-screen user interface showing granular property conditions.
The carrier seeks to improve customer experience, increase efficiency in property risk assessment, and boost the company’s loss ratio.
The upscale homeowners insurance carrier will use the Series C proceeds to expand to more states and agencies, and to continue enhancing its technology and insurance product offering.
The N.J.-based insurer will leverage Guidewire Cloud to increase business agility and deliver more value to agents, employees, and policyholders.
The workers’ compensation insurer will leverage Guidewire Cloud to increase business agility and deliver more value to customers.
Following MS&AD Ventures’ investment in Geosite, the insurer has worked with the startup to create a single platform for claims data that will result in reducing claims time by half.