RiskMatch, an insurance industry business intelligence and analytics firm that provides portfolio management and placement solutions to brokers and insurers, was issued U.S. patent No. 8,666,788, "Systems and methods for facilitating an insurance marketplace for negotiations among brokers and insurance carriers." The patent relates to RiskMatch's capabilities for facilitating connections and enables collaboration between brokers and insurance companies to address client needs.
Xuber, Xchanging's insurance software business, signed a contract with Ascot Underwriting Ltd. for the provision of Xuber Claims. Under the contract, Xuber will provide a comprehensive claims management solution with embedded workflow to optimize, automate and measure each stage of the claims life cycle.
Pneuron Corp. implemented its Distributed Analytics solution for ProSight Specialty Insurance. ProSight deployed Pneuron across multiple internal and external systems within 90 days of contract execution, applying sophisticated integrated analytics to create a single view of claim relationships for the business. The new distributed approach to data analysis allows ProSight's customer service team to easily access client history and claims data as part of their specialized approach to customer service.
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