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.
Cowbell Cyber partnered with Amwins and launched its product on the Amwins Professional Lines portal. The partnership broadens agents' and brokers' access to cyber insurance solutions for their clients while the API integration enables immediate risk assessment and rapid, precise underwriting decisions for Amwins retail agents.
AXA UK & Ireland selected Cognizant as a technology partner to help consolidate, modernize and manage part of its IT operations. AXA UK & Ireland is transforming its technology ecosystem to create a more digitally-enabled, modern and agile IT environment that is data-rich, secure and sustainable with lower overall cost.
Louisiana Insurance Guaranty Association selected Verisk to streamline its handling of claims for policyholders of insolvent insurers with advanced property estimating technology. LIGA is using Verisk's Xactware property claims-handling solutions, including Xactimate and XactAnalysis, to swiftly assign claims to independent adjusting firms, improve communication with its claims vendors and monitor claims in progress.
Insurity partnered with MPX to streamline insurance interactions. MPX is a leading provider of cloud-based print and digital, outbound and inbound communications solutions for property and casualty, workers' compensation and healthcare insurance carriers. The partnership will address all print and digital communication points with P&C carriers, brokers and policyholders.
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