Who's using what in P&C insurance: August 8, 2022

Insurance technology news from Extraordinary Re, Zesty.ai, Cowbell Cyber and more. (Credit: everything possible/Shutterstock)

Extraordinary Re selected actuarial and analytics services from Xceedance to support disciplined underwriting and furnish ongoing, market-relevant information in support of Extraordinary Re’s insurance contracts platform. With significant experience in the global reinsurance market, extensive reinsurance actuarial support capabilities and access to a network of technology vendors and solutions, the actuarial team at Xceedance is well positioned to comprehensively address the needs of Extraordinary Re.

Zesty.ai and Berkshire Hathaway Homestate Companies announced that they have expanded their partnership. BHHC is extending the use of Zesty.ai’s AI-powered wildfire risk model, Z-FIRE, to 12 states. Z-FIRE will be used to inform both underwriting and rating decisions, and the partnership expansion comes at a critical time for the insurance industry.