Filed Under:Markets, Commercial Lines

Who’s using what in the insurance industry: June 12, 2017

Technology news from TechCanary, Insuritas, Valen Analytics, ISO, DRC and more

"Leveraging a national standard for the electronic submission of workers compensation data goes a long way in allowing state jurisdictions and data reporters alike to better serve our nation's injured workers," Alfred A. Faber, director of ISO Workers Compensation Solutions, said in a press release about his company implementing electronic data interchange reporting in Idaho. (Photo: iStock)

TechCanary, a provider of a cloud-based, analytics-driven insurance solution and the #1 insurance solution inside the Salesforce CRM platform, recently announced Magnum Insurance Agency (Magnum), a large bi-lingual insurance agency focusing on multiple lines of business including non-standard auto, has selected TechCanary’s Insurance Platform to modernize its operation and support its staff of 100s located in the agency’s more than 30 locations.

Related: Who’s using what in the insurance industry: May 22, 2017

Insuritas, the nation’s premier provider of financial institution owned insurance agencies, announced it has been hired by Catholic Vantage Financial Federal Credit Union to install their award-winning insurance agency solution for the credit union’s over 8,000 members.

Valen Analytics®, an Insurity company, and provider of proprietary data, analytics and predictive modeling for P/C insurers, has announced a client engagement with AlaCOMP, a Montgomery, Ala. workers’ compensation self-insurance fund. AlaCOMP will utilize the Predict application of Valen’s InsureRight® Platform to support underwriting decisions with increased business intelligence.

ISO, a leading source of information about property/casualty insurance risk, has been selected by the Idaho Industrial Commission to introduce the state's first electronic system for collecting data on workers compensation claims across the state. ISO is a Verisk Analytics business. Click here to learn more about ISO's workers compensation products and services.

Decision Research Corporation (DRC), provider of enterprise policy administration and rating software for the P&C industry and Appulate, the leading provider of forms parsing and data bridging technology for the P&C industry, announced a strategic partnership. DRC will offer Appulate Uplink™ as an integrated component of its policy administration solution. In turn, Appulate will gain a distribution partner that offers market leading solutions for new business and policy administration for insurance carriers.

See also:

Who’s using what in the insurance industry: May 15, 2017

Who's using what in the insurance industry: May 1, 2017

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

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Who’s using what in the insurance industry: June 5, 2017

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