Insurance technology news from Frankenmuth Insurance, Arturo, ECHO Health and more. (Credit: ESB Professional/Shutterstock)
RMS® and TigerRisk Partners announced the expansion of their partnership to include additional models and data in a new multi-year agreement. With this agreement, TigerRisk can now access the full RMS global natural catastrophe risk models suite, including RMS High Definition Models™. Karen White, chief executive officer of RMS, said, "TigerRisk Partners has established themselves as an innovative reinsurance broker and capital advisor firm in the market. As a valued partner of RMS for over a decade, their investment in analytics aimed at providing the best insights and services for their clients mirrors our commitment to the market. We look forward to continuing to support TigerRisk with the most trusted view of risk in the industry as they grow their business and enhance their services."
Frankenmuth Insurance selected One Inc.'s ClaimsPay digital payment platform for outbound payments. One Inc.'s payment processing software is engineered to seamlessly integrate into Frankenmuth's Guidewire core operating system, InsuranceSuite, accelerating the implementation process and ensuring continuity of the user experience.
ECHO Health, Inc. selected Sapiens International Corporation to provide carriers with a comprehensive, digital payment solution through a single, secure and streamlined portal. Together with Sapiens' CoreSuite for property & casualty and CoreSuite for workers' compensation solutions, ECHO's payment processing solution will enable carriers to eliminate cumbersome manual payment processes, which are cited by 54% of large businesses and 65% of small businesses as among their leading B2B payment challenges. The joint offering will allow clients to reconcile payments across multiple modalities, with minimal IT requirements and maximum-security protection. All client financial data will be streamlined into a single access point, making for more efficient and profitable decision-making.
Coterie selected IBQ's commercial comparative rating tool to improve and simplify agency workflows, while expanding opportunities for independent agents with Coterie's expansive appetite and simplified application. The Coterie and IBQ partnership combines Coterie's tech-based approach to insurance offerings with IBQ's cutting-edge technology which can simplify the process for independent insurance agencies.
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