Who's using what in P&C insurance: November 16, 2020

Insurance technology news from AXA XL, Sapiens, Brown & Brown, Nationwide, Hiscox and more. (Credit: everything possible/Shutterstock)

AXA XL recently partnered with Xtract to digitize, expedite and transform the commercial auto claims management process in the U.S. Xtract captures a digital First Notice of Loss record of the claim by providing an intuitive mobile user interface. Xtract then aggregates real-time crash data with other relevant data, including vehicle details, repair parts data, and third-party information to provide a predictive damage triage when relevant. This enables fleets and claims handlers to make speedy and accurate decisions. And by connecting real-world incident data with mapping software and real-time weather reporting, Xtract delivers visual context to the incident, which promotes a swift liability decision.

Sapiens International Corporation acquired Tia Technology, a digital software solutions vendor, from the global investment organization EQT Mid Market. Tia Technology offers comprehensive software solutions primarily for property & casualty insurers. Additionally, Tia offers a full scope of implementation, application management and hosting services, which empower insurers to execute digital business strategies. Tia’s market presence also is expected to help Sapiens improve its position in South Africa and the Baltics markets.