Snapshot ProView builds on the insurer’s Smart Haul program by offers instant savings and smart business tools to commercial operators not required by federal law to have an ELD.
TrackMRI is a safety-focused telematics solution, powered by IMS’ DriveSync connected car and telematics platform.
The acquisition expands MIB’s portfolio of solutions aimed at making the application and underwriting processes quicker and more efficient.
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 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.
Investors in this round, which brings Flyreel’s total capital raised to $18 million, include IA Capital Group, Guidewire Software, Gradient Ventures, State Auto Labs and Donan Engineering.
Developed within the Lloyd’s Lab innovation accelerator, the Hurricane Non-Damage parametric solution provides open-banking validation, real-time impact assessment and automated payouts while cutting claim process time up to 95 percent.
Upgraded integration with Betterview will allow P&C underwriters to access and act on Betterview’s property data and aerial imagery directly in the latest versions of Guidewire PolicyCenter.
The new release fulfills the vendor’s commitment to new releases every six months as part of its cloud- and product-focused strategy.
Pavone will oversee the commercial underwriting and be responsible for setting underwriting strategies, overall underwriting portfolio management, guidelines, and production.