"The insurance industry is being disrupted and customer expectations are evolving," Ken Klug, co-executive sponsor of CONNECT and vice president, direct claims, Grinnell Mutual, said in a statement. "Grinnell Mutual is embracing this and forging ahead with best-in-class technology widely considered the gold standard in the P&C insurance industry." (Credit: Wright Studio/Shutterstock)
Ebix Inc., a supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, partnered with Centaurus Financial Inc. to offer annuity products on its AnnuityNet platform. Centaurus will be utilizing the platform to increase efficiency and quality by reducing data entry, gain productivity through integrations with third-party systems, improve visibility into operational metrics and enhance their processing initiative.
TRISTAR, an independent third-party claims administrator, has deployed CLARA analytics's entire suite to assist in workers' compensation claims management. As a result of the implementation, TRISTAR has experienced a reduction in claims work, particularly when determining Medicare Set-Aside Arrangement services, which can now be done on demand rather than requiring weeks of manual analysis and calculations.
State Farm and Cambridge Mobile Telematics (CMT) announced version 3.0 of the Drive Safe & Save Mobile app, the latest update to the State Farm voluntary telematics program. The app uses CMT's platform to analyze data collected from smartphone sensors as well as the Bluetooth-based beacon device affixed in the vehicle.
Grinnell Mutual successfully deployed Guidewire Software Inc.'s Guidewire InsurancePlatform as a Software-as-a-Service solution via the Guidewire Cloud. Grinnell Mutual's implementation project is a business-led technology initiative to remake all of Grinnell Mutual's business interfaces by replacing its previous systems with InsurancePlatform to support quoting, rating, underwriting, policy generation, claims processing, and billing, offering end-to-end policy management and issuance functions.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.