AXISCapital Holdings Limited announced today that it has receivedauthorization from Lloyd's for AXIS Managing Agency Ltd to commencemanagement and oversight of Novae Syndicate 2007 and SPS 6129. Theauthorization became effective January 1, 2018, and creates asingle managing agent structure for AXIS' operations at Lloyd's.AXIS Syndicate 1686 and Novae Syndicate 2007 underwrite specialistclasses that include marine, cyber, energy, aviation, terrorism,construction, property, casualty, political risk and politicalviolence, professional indemnity, and reinsurance, amongothers.

American FamilyInsurance plans to accelerate its digital transformation,including its use of data, advanced analytics and artificialintelligence (AI) through its recent acquisition of theChicago-based data and analytics software company, NetworkedInsights. "We have significantly invested in our technologyplatforms and data and analytics in the past three years," AmericanFamily Chairman and CEO Jack Salzwedel said in a statement aboutthe acquistion. "This acquisition and others strengthen ourbest-in-class agency distribution by bringing best-in-class digitaland data capabilities, providing our customers with both expertiseand convenience."

Johnson &Johnson Insurance announced earlier this month that the companywill provide a flood program on Appulate, which offers independent insuranceagents technology that enables the agency to bridge data directlyfrom their agency management systems to complete therate/quote/request to bind process for a variety of P&Cinsurance products. By working with Appulate, Johnson & Johnsonis bringing an automated flood program to the more than 30,000independent agencies nationwide.

SapiensInternational Corporation has expanded its digital division'scapabilities through the acquisition of KnowledgePrice.com, a technology specialist withexpertise in digital insurance services and consulting. Based inRiga, Latvia, privately-held KnowledgePrice employs about 50digital experts, and is a provider of services to leading Europeaninsurers.

ABDInsurance and Financial Services, Inc., (ABD), aninsurance, risk management and consulting firm, has selectedRiskMatch, a subsidiary ofVertafore,for data and analytics, and plans to leverage the patented digitaltechnology to enhance client service, drive innovation andtransactional efficiency. RiskMatch provides insurance portfoliomanagement and placement support services to insurance brokers andinsurers. The largest platform of its kind, RiskMatch providesanalytics and related support services for $25 billion in annualcommercial property and casualty insurance premium placed byinsurance brokers throughout the U.S.

Intellect SEEC is now running its SaaS solutions,including Risk Analyst and Lead Closer, on Amazon Web Services (AWS) Cloud. Intellect SEECreports the strategy has reduced IT costs for clients by 60%, cutIT management time by 85% and saved customers, on average, $300,000by avoiding on-premise installations. Risk Analyst helps insurersmake better decisions about premiums by analyzing data from morethan 1,800 sources for meaningful insight, while Lead Closer is anonline insurance-specific CRM solution to help manage sales leadsand increase sales conversions.

CUNAMutual Group has expanded its MEMBER'S CHOICE® MechanicalRepair Coverage (MRC) by adding a new marketing program, powered byForeverCar. Combining traditional and digitalmarketing, ForeverCar's platform will help credit unions reach alltheir members with an eligible vehicle, even if that vehicle has noloan or is financed elsewhere.

WesternReserve Group, a property & casualty insurer in Ohio andIndiana, announced in December that it has successfully deployedGuidewireClaimCenter® as its new claims management system and GuidewireProducerEngage™ to enhance the digital experience of its agents.Western Reserve Group implemented ClaimCenter and ProducerEngage toreplace its existing claims system and agent claims portal acrossall lines of business and more easily keep up with technologicalupgrades to support business processes in a more cost-effectivemanner. The company is currently implementing GuidewirePolicyCenter®, BillingCenter, and additional Guidewire Digital™products.

Fair, the app that lets users order a car viaa mobile device and turn it in any time, has announced a strategicpartnership with Assurant, the provider of riskmanagement services in the on-demand economy. Assurant is theprimary underwriter for the Fair-branded property & casualtyinsurance offered for all vehicles available on the app.

See also:

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

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

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