Filed Under:Agent Broker, Sales & Marketing

Who's using what in P&C insurance: Dec. 4, 2017

Insurance technology news from Nationwide and TrueMotion, Insurity, Eos Venture Partners, StoneRiver, VUE Software, DXC Technology and more…

According to a press release from Insurity, Merchants Bonding felt its in-house developed legacy systems no longer met operating needs, as processes were inefficient and often required multiple entries into different systems.  Merchants has selected SIMS Claims to address these issues. (iStock)
According to a press release from Insurity, Merchants Bonding felt its in-house developed legacy systems no longer met operating needs, as processes were inefficient and often required multiple entries into different systems. Merchants has selected SIMS Claims to address these issues. (iStock)

Nationwide recently selected TrueMotion to enhance the SmartRide® Mobile App program by collecting critical data about the prevalence of distracted driving. TrueMotion is the leading provider of turnkey, smartphone Usage Based Insurance (UBI) and Behavior Based Insurance (BBI) technology. Through a Software Development Kit integration within the existing SmartRide® Mobile App, TrueMotion’s smartphone-based service will provide granular data about frequency and type of distraction. TrueMotion’s technology does not collect content, but rather smart phone interaction while driving.

Insurity, a provider of core insurance processing and data integration and analytics solutions, announced recently that Iowa-based mutual company Merchants Bonding Company is in production with SIMS Claims to support administration of its surety bond claims.

Eos Venture Partners, an insurance-focused investor, recently partnered with CHX to "create more effective teams and provide individuals with a sense of empowerment and control, especially in key moments of (InsurTech startup) growth, stress and transformation."

DXC Technology, the end-to-end IT services company, and Everest Re Group, Ltd. (Everest Re), recently announced it has officially moved the Xuber for Reinsurers platform into production for all Everest Re’s global reinsurance subsidiaries. As a result, Everest Re migrated 40 million rows and 40 years of data from legacy systems into a single-data-model, end-to-end business processing platform.

HCL Technologies struck a 5-year IT services contract with Jardine Lloyd Thompson Group (JLT), a leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. Through the agreement, HCL will be implementing a fully orchestrated and automated cloud management platform and provide an IT service desk.

Elsewhere around the insurance industry…


USAble Life
has selected VUE Software to overhaul its onboarding and compliance system. VUE’s self-service portal will provide the company’s producers with role-based 24/7 access to key information.

StoneRiver, Inc. has expanded the relationship with Catholic Life Insurance. Already an in-production user of StoneRiver’s ID3® policy administration system for life, health and annuity lines of business, Catholic Life has recently expanded its portfolio of StoneRiver solutions with the addition of LifeApply® to enhance the application and submission process, and ID3 ACORD Transaction Server (ATS, to best support ACORD standard transactions. StoneRiver, Inc., a fully owned subsidiary of Sapiens International Corporation.

See also:

Who's using what in P&C insurance: Nov. 27, 2017

Who's using what in P&C insurance: Nov. 20, 2017

Who's using what in P&C insurance: Nov. 6, 2017

Related

5 high-tech challenges (and solutions) for today's independent agents

Independent insurance agents who expect their business to grow and thrive know that having the right technology in place is...

Featured Video

Most Recent Videos

Video Library ››

Top Story

2017's 10 most hazardous toys

The Boston-based nonprofit World Against Toys Causing Harm, Inc. (W.A.T.C.H.) has released its annual list of the 10 worst toys of 2017.

Top Story

America's 10 most dangerous cities for cyclists

Despite the relative safety of American cities for cyclists, 70% of fatal bike accidents still occur in urban areas.

More Resources

Comments

eNewsletter Sign Up

Agent & Broker Insider eNewsletter

Proven success tips and essential information to help agents and brokers grow their practice – FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.