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…
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.