IIR

RPA Can’t Think: Insurers Should Invest in Cognitive AI

While RPA is trendy at the moment, it’s not the most efficient AI solution for insurance companies to implement. Enterprises will continue to see an increasingly meaningful and foundational impact from cognitive solutions.

Posted: Jan 14, 2021

RVOS Farm Mutual Transforms Core Operations with Majesco’s CloudInsurer Platform

The 120-year-old Texas-based insurer has selected Majesco P&C Core Suite Version 11 and will implement Majesco Enterprise Data Warehouse (EDW) on Majesco CloudInsurer as part of its business transformation.

Posted: Jan 14, 2021

Hiscox Names Bert Spunberg U.S. Head of Strategy and Business Transformation

Reporting to Hiscox USA CEO Steve Langan, Spunberg will be responsible for identifying, scoping and delivering significant US business transformation projects.

Posted: Jan 14, 2021

ACORD Solutions Group Launches ADEPT Data Exchange Platform

Aon and Zurich North America collaborated with ACORD in the first data exchange of the ADEPT platform, designed to perform automated, real-time premium accounting reconciliation between insurers and brokers.

Posted: Jan 14, 2021

American Family Acquires Bold Penguin

The digital exchange designed to streamline the quote-to-sale process for small small business insurance will continue to operate under its name and leadership.

Posted: Jan 14, 2021

Croatia osiguranje Launches New Digital Brand LAQO with Sapiens IDITSuite

Sapiens and CROSIG have implemented Sapiens IDITSuite for P&C in record time, allowing faster time to market and better digital proposition.

Posted: Jan 13, 2021

Saga Partners with Sollers Consulting on Digital Self-Service Portal

Based on Guidewire CustomerEngage, the portal was created using a mobile-first approach, and under remote project conditions, owing to the pandemic.

Posted: Jan 13, 2021

Topa Insurance Selects One Inc’s ClaimsPay Solution

Range of disbursement options and integration with claims system among reasons to adopt One Inc to support goal of improving outbound payment functionality.

Posted: Jan 13, 2021

Pacific Life Deploys Life.io to Transform Digital Customer Experience

Pacific Life selected Life.io solutions and SE2 Aurum on the strength of its digital solution suite and its ability to integrate with multiple existing third-party systems.

Posted: Jan 13, 2021

How Cutting-Edge Carriers Are Earning Back a Big Slice of Their Marketing Costs

A few industry leaders are using predictive analytics to sell high-value ads on their websites—without cannibalizing sales.

Posted: Jan 13, 2021

A Very Safe CES

Trends observable at the show that insurers must follow include the concept of ‘the home is a safe and secure space’ and monetizing the car as an infotainment center—both involving ecosystem partners.

Posted: Jan 13, 2021

Insureon Offers Its Quoting and Rating Technology Brokerages and Agencies

The agency/program manager says the cloud-based Insureon Accelerate product will help expand revenue opportunities in the small business insurance space.

Posted: Jan 12, 2021

Insureon Offers Its Quoting and Rating Technology to Brokerages and Agencies

The agency/program manager says the cloud-based Insureon Accelerate product will help expand revenue opportunities in the small business insurance space.

Posted: Jan 12, 2021

Betterview PropertyNow Helps P&C Insurers Provide Quicker More Accurate Quotes

The PropertyNow solution improves the speed and accuracy of quotes by providing prefill data on key property attributes for locations across the entire United States.

Posted: Jan 11, 2021

Guardian Life Commits $1M to NPower to Advance Diversity in Tech

The grant will support NPower’s programs that help bridge the digital skills gap through free training programs, mentoring, support services and other benefits.

Posted: Jan 11, 2021

Builders Mutual Insurance Selects Duck Creek Suite OnDemand

Seeking to increase speed-to-market and operational agility, the construction industry-focused commercial insurer cites modern technology, and the alignment of company values and culture as key factors in choosing the vendor.

Posted: Jan 11, 2021

F&G Selects Majesco Solutions to Accelerate Digital Transformation

The Des Moines-based life insurer will implement Majesco Distribution Management and Majesco Digital1st Insurance on Majesco CloudInsurer.

Posted: Jan 11, 2021

Ameritas Enhances Life Insurance Processing with iPipeline’s SSG Digital Platform

The carrier will use the vendor’s e-application, self-service capabilities and network to optimize financial professional and carrier performance.

Posted: Jan 10, 2021

AI-Driven Damage Assessment Vendor Click-Ins Joins Sapiens Partner Ecosystem

The integrated offering leverages AI, deep learning, 3D modeling, applied mathematics and computer vision to provide insurance carriers with a comprehensive solution to accelerate claims management.

Posted: Jan 10, 2021

Glia Raises $78 Million in Series C Funding Led by Insight Partners

Glia plans to expand every department across its organization, with a focus on product development. The company says it is also exploring strategic acquisitions.

Posted: Jan 10, 2021

Majesco Acquires ClaimVantage to Strengthen and Scale Its L&A and Group Business

The acquisition expands the vendor’s product depth, growth potential while bringing domain knowledge as insurers seek voluntary benefit growth underpinned by successful digital and business transformation.

Posted: Jan 07, 2021

GIA Announces Seventh Annual Cohort with Seven New InsurTech Startups

A virtualized GIA program launches on January 19 with seven InsurTech companies virtually joining the accelerator’s annual 100-day program.

Posted: Jan 07, 2021

Simply Easier Payments Integrates with Vertafore QQCatalyst

The integration with QQ Catalyst, makes it easier than ever for its users to allow their customers to pay online securely with a credit card or ACH checking account transfer.

Posted: Jan 07, 2021

Gauging the Direct Commercial Lines Market Opportunity: Celent Study

The U.S. direct commercial insurance market is still in its infancy, but a 33 percent response of small business owners willing to buy online represents a $20 billion opportunity for insurers.

Posted: Jan 07, 2021

Longevitytech.fund Invests in Vesttoo

Vesttoo uses AI and machine learning to forecast and price long-tail risks such as longevity, excess mortality, lapse and transfer them to the capital markets.

Posted: Jan 06, 2021