Filed Under:Carrier Innovations, Technology Solutions

Who's using what in the insurance industry: April 24, 2017

Alexander Forbes Chief Executive Andrew Darfoor, seen here on the company's YouTube channel, said in a recent press release: “The transaction with Sapiens is the largest single investment in technology and digital in the history of the Group.
Alexander Forbes Chief Executive Andrew Darfoor, seen here on the company's YouTube channel, said in a recent press release: “The transaction with Sapiens is the largest single investment in technology and digital in the history of the Group."

After acquiring Qmedtrix Systems, Inc. in October 2016, Mitchell International, a provider of technology, connectivity and information solutions for the P&C industry, recently integrated Qmedtrix’s product platform with its own specialty bill review and provider negotiation systems, which make up the company’s SmartPrice Solutions: FairPay® Specialty Bill Review and Mitchell Negotiations offerings.

WestCongress Insurance Services, a newly-launched managing general agent (MGA) in Detroit, Michigan, has selected OneShield Software for its policy administration and claims management needs. WestCongress chose the OneShield Market Solutions for MGAs because the product is designed specifically for the MGA market.

Saga Services Ltd. has selected several Guidewire products including Guidewire PolicyCenter®, Guidewire BillingCenter®, Rating Management, Client Data Management, and Guidewire DataHub™ for policy administration, billing, rating, client data management, and analytics. The company has also selected Guidewire Quote and Buy Portal™ for Policyholders and Guidewire Account Management Portal™ for Policyholders to enhance the digital experience of its customers.

Bold Penguin, makers of a commercial insurance agent underwriting platform, recently teamed up with Ask Kodiak, providers of a cloud-based, coverage search platform for property and casualty insurers. New search engine capabilities specific to user appetite, eligibility and product highlights have been integrated with Bold Penguin’s portal.

The Canadian property and casualty home insurer Desjardins will now provide policyholders with free access to Roost Smart leak detector, a smart home technology designed to sense water leaks as well as humidity and freezing temperature situations and then deliver mobile alerts to help minimize water damage. In Canada, more than 50 percent of home insurance claims are due to water damage.

Alexander Forbes Group Holdings Ltd, the pan-African financial services leader, recently selected Sapiens ALIS for life and pensions, and Sapiens IDIT and Sapiens Reinsurance for short term insurance, together with the Sapiens PORTALSapiens INTELLIGENCE and Sapiens DECISION for decision management, will provide end-to-end, integrated digital capabilities across all lines of business. Sapiens will serve as the primary implementation partner. Under the agreement, Sapiens also will provide key components of the Sapiens Digital Suite to power Alexander Forbes’ client proposition and enhance its digital capability.

See also:

Who's using what in the insurance industry: April 3, 2017

Who's using what in the insurance industry: March 27, 2017

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Who's using what in the insurance industry: April 17, 2017

Technology news from Travelers, Applied Systems, Townley Kenton, Sapiens International and Canal Insurance Company.

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