Karen Clark & Company (KCC) announced the release of the RI4 update to the RiskInsight open loss modeling platform. The update includes enhanced global mapping capabilities, more detailed and interactive underwriter and CEO dashboards, and significantly advanced model-building tools. In RI4, insurers and reinsurers can build hurricane and earthquake models anywhere in the world by adding custom event catalogs and damage functions appropriate for specific peril regions. RiskInsight's model-building tools, HazardMapper and DamageRatesManager, have been enhanced in RI4 to make it easier for model builders to create high resolution probabilistic catastrophe models reflecting their own knowledge, expertise and views of risk. The RI4 financial module has global application and is operational for all peril regions. The RI4 maps are fast and interactive so underwriters can zoom in to see increasingly higher resolution data down to individual locations. Data can be aggregated at different levels of geographic resolution and compared across different time periods.

QQSolutions announced the latest release of its revolutionary cloud-based insurance agency management system QQCatalyst. QQCatalyst version 3.7 introduces features, including key enhancements to Marketing Central, a product location that allows an agent to manage an image library, template library and schedule email and print jobs. The new system includes several features designed to assure agency principals and producers that their businesses are more secure while enabling staff to do their jobs more efficiently to meet the changing demands of the modern economy. New features include:

  • Scheduled emails & print job: This allows the user to schedule automated emails and print jobs to pre-defined distribution lists of prospects or customers.
  • Claims Downloads: QQCatalyst has been updated to process claims transactions received from the carrier.
  • QQCatalyst Mobile App: The QQCatalyst Mobile App is available in the Apple App store and Google Play store. It allows users to easily view customer information, policy information, and tasks on their mobile devices. QQCatalyst version 3.7 features include picture messaging, a text message widget redesign, and smart dates for reports and distribution lists.

VUE Software announced a product enhancement for its Producer Onboarding and Producer Management & Compliance Modules. These enhancements to VUE Software's direct integration with the NIPR enables modern straight-through processing for clients. This allows one-step access for pulling licenses, automated processing for appointments, terminations, as well as, complete automation of Just-in-time (JIT) appointments. It also provides immediate access to regulatory actions against producers. Producer Management & Compliance includes many refinements and new features to synchronize PDB data. These processes automatically reconcile demographic, license, and appointment data, and flag any regulatory actions.

CAA Insurance Company (Ontario), a provider of auto and property insurance to clients in Ontario and the Maritimes, and Guidewire Software, Inc., a provider of software products to property and casualty (P&C) insurers, announced that CAA Insurance has selected Guidewire Quote and Buy Portal and Guidewire Account Management Portal for Policyholders to enhance its users' digital experience. CAA Insurance selected Quote and Buy Portal and Account Management Portal for Policyholders to modernize its current system and enhance the online experience of its members. The company plans to implement the portals across its personal lines of business in the provinces where it operates. Quote and Buy Portal and Account Management Portal for Policyholders will enable CAA to:

  •  Improve self-service quoting and policy management capabilities for its members.
  •  Increase website traffic and better compete in the market.
  •  Increase market responsiveness and lower total cost of ownership by bringing portal management in-house.

Guidewire Digital Portals is a portfolio of portals that allow insurers to expose Guidewire InsuranceSuite functionality to external stakeholders such as policyholders, agents/brokers and vendors through the web and mobile devices.

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Trudy Knockless

Trudy Knockless is a reporter on ALM Media's Business of Law desk.  She has a background serving legal and insurance publications. Contact her at [email protected] or on LinkedIn at Trudy Knockless.