Who's using what in P&C insurance: May 22, 2023

Insurance technology news from CAPE Analytics, Coaction Specialty Insurance, Nirvana and more. (Credit: Sergey Nivens/Shutterstock)

CAPE Analytics partnered with The Hanover Insurance Group to integrate geospatial analytics earlier in the underwriting process to augment inspection and rating models. As part of its relationship with The Hanover, CAPE has helped improve workflows and outcomes for new and renewal underwriting, and enhanced pricing segmentation. With each subsequent implementation, The Hanover has provided thoughtful stage gates that have pushed CAPE’s technological capabilities to drive better underwriting and deliver superior results.

Coaction Specialty Insurance Company has selected the Percipience platform’s independent data and analytics solution, Data Magnifier, to establish a new enterprise data hub. Coaction Specialty prefers to differentiate itself from competitors through an emphasis on underwriting expertise, focused distribution and a commitment to providing innovative products and services with true customer value. At the end of a thorough digital transformation initiative, Coaction Specialty needed a data model and reporting solution which could be implemented quickly and efficiently.