Commercial lines insurers are now presented with new opportunities for digitally-optimized underwriting that will forever change how they do business.
Technologies are emerging that enable omnipresent, real-time connectivity between the people and businesses being insured and their insurers, and that is fundamentally changing the business of insurance.
The companies will provide insurers with instant access to Betterview’s property intelligence data along with Socotra’s underwriting workflows within the Socotra platform.
IMT’s goal is to implement a new rating engine on all property/casualty lines of business by connecting its proprietary policy administration system.
HazardHub’s risk API service, derived from comprehensive U.S. property and hazard data, enhances the power of the Guidewire Platform.
Imagine having intelligent, relevant information pushed to the underwriters’ fingertips at the exact moment they need it, empowering them to make better decisions.
The system will include components such as the SimpliCam HD camera, a smoke detector, water sensor and entry sensor, which defends doors and windows.
The deal with a top-3 reinsurer, with fronting support from an A-rated carrier, spans across multiple years and multiple states to support Loop’s expansion plans.
The integration partnership combines Swiss Re’s best-of-breed Life Guide and Underwriting Automation Software, Magnum Pure, with the workflow capabilities of the Appian Low-Code Automation Platform.
The vendor recently raised $25 million in Series B funding with the goal of building out its technical team.