"By creating a modelthat recognizes and rewards smarter choices, we're helping ourcustomers' wallets while inspiring a better world," Steve Harris,vice president at HiRoad Assurance Company, said in a press releaseabout selecting the EIS core platform to help enable the company's"new smartphone-centric approach to insurance." (Photo:iStock)

The Institutes RiskBlock™ Alliance, a blockchainconsortium for the risk management and insurance industry,announced today that Accenture will serve as the lead framework architectresponsible for building a production-grade platform to develop andimplement blockchain and distributed-ledger use cases. The platformwill enable the RiskBlock Alliance to implement and test multipleuse cases by the end of 2018. "Accenture has established itself asa leader in developing practical blockchain solutions across anumber of industries," Christopher G. McDaniel, president of TheInstitutes RiskBlock Alliance, said in a press release. "Partneringwith Accenture to develop real-world blockchain applications willlead to better insurance solutions and chart a clear course foreffectively implementing blockchain technology throughout theinsurance industry."

Minnesota-based Citizens Alliance Bank hasselected Computer Services, Inc., a provider of end-to-endfinancial technology solutions, as its new core and digital bankingtechnology vendor. Bank executives said three priorities drove thedecision: Enhanced core processing infrastructure; findinga fully integrated solution; and both companies share acustomer-centric focus.

Earlier this year, Baldwin Risk Partners announced that it selectedRiskMatch, a subsidiary of Vertafore, for dataand analytics. The broker plans to leverage digital technology toenhance client service, facilitate collaboration among itsemployees and drive transactional efficiency.

Wave Insurance Technologies, Inc., also known as AVYST™, recentlypartnered with the Independent Insurance Agents of North Carolina. AVYSTis an Insuretch company that provides sales and risk managementsolutions to both agents and carriers in the independent insurancesector. As part of the partnership, IIANC members will receive acomplimentary AVYST eForms Wizard license through Nov. 1,2018… AVYST™ also recently announced that the International Risk ManagementInstitute, Inc. Glossary of Terms is now integrated into itseForms Wizard.

HiRoad AssuranceCompany, a behavior-based car insurance company, hasutilized EIS Group's digital insurance platform as part oftheir solution for reinventing insurance to recognize and rewardthe good choices drivers make every day. HiRoad used the EISinsurance platform to introduce its innovative telematics-basedauto product that rewards drivers every month based on drivingbehavior. With the ability to switch in just minutes and manageeverything from an app, customers can save up to 50% every monthbased on how much and how well they drive.

See also:

Who's using what in P&C insurance: July 2,2018

Who's using what in P&C insurance: June 25,2018

Who's using what in P&C insurance: June 18,2018