Who uses what in property and casualty insurance: October 11, 2021
Method Insurance Services in partnership with Origami hazardthe suite of policy administration solutions. In addition to streamlining Method’s policy administration workflows, Origami integrates artificial intelligence and machine learning capabilities into its popular cloud-based platform.
At the bay collaborated with Microsoft to strengthen the cybersecurity posture of their customers as attacks become more frequent. To encourage enhanced security, customers can now save up to 15% on their At-Bay cyber insurance policy by utilizing the built-in security controls and comprehensive security services of Microsoft 365, while managing cyber security. -risks with the free active risk monitoring of At-Bay.
Beazley selected CyberCubePortfolio Manager’s cyber analysis tool, as well as a range of other CyberCube services. In addition to Portfolio Manager, which allows insurers to test reinsurance portfolios against cyber threats.
Loop selected MetromileREPORT for digital first loss notice services. Buckle is Metromile Enterprise’s first partnership with a company specializing in meeting the insurance needs of ride-sharing and delivery drivers.
Verisk selected Bark to generate insights from over 200 million reviews. Verisk uses AI to analyze unstructured data in Yelp reviews, including images that can indicate how a business is progressing. Insurers can use this information to inform coverage discussions with potential clients, see how employees are mitigating risk, and make underwriting decisions more quickly and accurately.
Rural Insurance Mutual in partnership with CyberScout, a Sontiq company, to launch the “Are You Smarter Than A Thief?” public awareness campaign in October, which is National Cyber Security Awareness Month. The campaign’s goal is to help the people of Wisconsin protect themselves against identity theft, which affects 1 in 20 Americans and represents losses of $ 17 billion annually.
KW specialty selected Sapiens‘s ReinsurancePro to automate its reinsurance management in the cloud. With over 100 years of experience in surplus and surplus lines, KWS works with wholesale partners and creates products that add value to their product portfolio. Their deployment of Sapiens ReinsurancePro allows KWS to replace their old spreadsheet-based process and ensure it is streamlined, consistent and financially correct. The integration also allowed KWS to add a portfolio of General Management Agent (MGA) activities to ReinsurancePro.
Related: Who Uses What in P&C Insurance: October 4, 2021