Insurance technology news from Swarts, Manning & Associates, Cytora, AON and more. (Credit: ESB Professional/Shutterstock)
Swarts, Manning & Associates, Inc. has selected Applied Digital Agency to streamline its prospecting, servicing and accounting workflows for all lines of business. Leveraging the open technology within its foundational management system, Applied Epic, the agency will seamlessly integrate Applied's marketing automation, commercial lines application and submission management, and digital payments hub applications to enable a complete digital end-to-end policy lifecycle – from customer acquisition to premium collections and payments – via simple, connected workflows for its growing team.
Cogitate selected One Inc's best-in-class digital payment processing with DigitalEdge Insurance Platform to help ensure a frictionless experience, merging all payment flows into one comprehensive platform for its customers. This partnership simplified a crucial part of the payment process, which has grown more complex due to the evolving digital insurance landscape and economic changes. These challenges require enhanced due diligence which Cogitate and One Inc are addressing to create a more efficient and modern policyholder experience.
Insurity partnered with Gain Life, a company specializing in improving the claims process through the integration of behavioral economics and AI. The partnership with Gain Life and use of its innovative claims communication platform will enable Insurity to offer automated 24/7 guidance and support to claimants and policyholders, making it the first major claims system to provide such a comprehensive solution. This partnership addressed the critical challenges faced by insurers, including the high administrative burden of claims processing and limited time of claims professionals to support clients.
Cytora has partnered with data-driven art evaluator Overstone. The integration allowed specialty insurers to access Overstone's art intelligence through Cytora's platform. As a result, underwriters will be able to get a clear picture of the value, price variation, liquidity as well as condition and authenticity risk of any artwork they are assessing. This will enable more comprehensive risk evaluation and better decision-making.
Aon has expanded its data licensing agreement to include ICEYE's Flood Insights data globally and Wildfire Insights data for the U.S. Under the agreement, Aon incorporated ICEYE's near real-time flood and wildfire data into its event response capabilities for reinsurance clients, to facilitate the loss analysis of catastrophic events. The high-resolution Insights data from ICEYE allows Aon to provide clients with detailed location-level analysis on flood and wildfire insights into damage of properties.
Sapiens International Corporation partnered with Addresscloud to empower insurers with enhanced capabilities to understand geographic risk and make more informed underwriting decisions with access to global geospatial datasets. The partnership offered several key benefits, including accurate geocoding, which ensures precise location data for every insured property and minimizes errors in risk assessment and claims processing. Insurers will also gain access to comprehensive property data, providing detailed information about insured properties, including their proximity to hazards and other relevant factors, thereby empowering thorough risk evaluation.
Integrity Marketing Group, LLC has partnered with Senior Insurance Solutions, an independent marketing organization based in Cleveland, Tennessee, and led by Jacob Anderson. Integrity platform provides transformative support for every aspect of business growth, from technology advancements to leadership guidance. Its Suite of Solutions includes exciting resources such as MedicareCENTER, which combines instantaneous enrollment and quoting capabilities with Ask Integrity™, the industry's leading AI-enabled digital assistant and relationship management technology.
SiriusPoint Ltd. partnered with Gigasure, an insurtech startup offering personalized travel insurance. Policyholders can enhance their cover through the Gigasure app by adding post-purchase benefits and unlocking GigaShield flight and baggage delay benefits. Created in partnership with Blink Parametric, these travel delay benefits provide real-time claim support.
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