Advertisements

Digital Innovations Reshaping P&C Insurance Landscape: March 25, 2024

by Celia

In response to the ever-evolving digital demands of consumers, Family Guardian Insurance Company, a prominent insurer based in The Bahamas, has turned to Equisoft for technological solutions. Equisoft’s expertise has been tapped to enhance various facets of Family Guardian’s operations.

The integration of Equisoft/manage solutions with the Oracle Insurance Policy Administration system has bolstered the efficiency of Family Guardian’s home services division. Notably, this successful implementation has prompted Family Guardian to opt for Equisoft once again, this time to revamp its financial services division’s illustrations system. The seamless integration of the Equisoft/illustrate system underscores the commitment to meeting operational milestones within agreed-upon timelines.

Advertisements

In another stride towards innovation, Carpe Data has forged a strategic partnership with The Hanover Insurance Group, marking a five-year milestone in their collaborative journey. Central to this alliance is ClaimsX, Carpe Data’s cutting-edge fraud detection and claim monitoring technology. Harnessing publicly available web data, ClaimsX empowers real-time assessment and decision-making throughout the claims processing continuum.

Advertisements

Public Risk Underwriters (PRU) has embraced Origami Risk’s multi-tenant SaaS P/C platform to streamline its policy administration and billing processes. By leveraging this platform, PRU anticipates accelerated underwriting and billing procedures across its diverse portfolio of commercial insurance offerings. Moreover, the platform promises enhanced interaction channels for PRU’s agents and members, fostering a more robust service environment.

Advertisements

Meanwhile, ZestyAI has joined forces with South Carolina Farm Bureau Mutual Insurance Company (SCFBMIC) to optimize property risk assessment through advanced analytics solutions. This partnership aims to revolutionize the inspection process, ensuring SCFBMIC’s property risk evaluations are precise and efficient.

NFP has cemented a partnership with Partner Engineering and Science, Inc., a renowned provider of engineering, environmental, and valuation consulting services. This collaboration aims to streamline the process of obtaining Phase I Environmental Site Assessments, crucial for securing environmental insurance on vulnerable properties. Through this alliance, NFP aims to expedite insurance proposals and ensure comprehensive coverage for its clients.

Furthermore, Verisk has teamed up with Seek Now, a leading claims inspection service provider, to bolster its suite of property estimating solutions. Seek Now’s cutting-edge technology promises to enhance the efficiency of the damage assessment process, offering claims adjusters increased flexibility and agility. This integration streamlines information transfer, eliminating manual processes and enhancing overall operational efficiency within the property insurance domain.

Advertisements

You may also like

blank

Bedgut is a comprehensive insurance portal. The main columns include commercial insurance, auto insurance, health insurance, home insurance, travel insurance, other insurance, insurance knowledge, insurance news, etc.

[Contact us: [email protected]]

© 2023 Copyright  bedgut.com