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News from IAT Insurance Group, Valkyrie, Sapiens, and more. (Credit: Sergey Nivens/Shutterstock)

IAT Insurance Group selected ClaimsPay, part of the One Inc Digital Payments Platform, to optimize the company’s outbound payment capabilities. The new platform expands IAT’s digital engagement capabilities to include multi-channel communications and event-based messaging. Now, policyholders can choose to receive claims payments via ACH bank transfer, instant ClaimsCard™, Push-to-Card, or paper check. Additionally, ClaimsPay’s multi-party payments feature allows IAT to provide secure digital approvals and payments to multiple individuals, vendors, and service providers on a single claim.

Valkyrie and Actuarial Risk Management have formed a strategic alliance. ARM and Valkyrie’s collaboration brings actuaries and data scientists together for an advisory team built to penetrate data using advanced learning capabilities. The service aims to offer customers a competitive advantage and a better means of assessing risk.

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