Oak Reinsurance partnered with Moody's to adopt applications on the Moody’s Intelligent Risk Platform™, which enables a high-definition modeled view of risk across global catastrophe perils, including the Moody’s RMS cyber, terrorism and climate change model suite. OAK Re has forecast underwriting goals for its launch year, with a target of $300 million gross written premium reinsurance business across a range of areas from property, cyber and terrorism, as well as innovation and transition-focused opportunities.
National Insurance Company partnered with Roadzen’s AI powered XClaim Product. One of the biggest insurers in India, NICL has a total of 34 regional offices, of which 10 joined Roadzen’s AI-powered XClaim platform. Based upon strong performance, NICL has expanded its contract with Roadzen to include an additional four regional offices. Roadzen was selected as a Digital Service Provider for processing AI-based claims after successfully completing a comprehensive vetting of NICL’s Request for Proposal process.
EcoClaim partnered with Clean Claims, an innovator in data tracking, remote monitoring and claims management. This collaboration blends emissions reduction strategies with advanced tracking technology to accelerate climate-smart claims. Rising calls for transparency and stricter emissions mandates are driving change in insurance. This partnership positions EcoClaim and Clean Claims as key enablers of that change.
Neova Sigorta selected SAS® Dynamic Actuarial Modeling, a pricing solution with AI-based premium modeling for general and life insurers, as its platform of choice for its transformation. Software and consultancy firm Sade Yazılım will be the initiative's integrator. The deployment, expected to last between six and eight months, will help Neova Sigorta offer more appealing prices to new and existing customers. It is also expected to significantly increase market share in new regions and bolster renewal rates in established regions.
Earnix partnered with Tokio Marine North America Services, enabled the development of a centralized rate repository with access to sophisticated pricing and rating strategies to ensure rapid time-to-market for the business Tokio Marine manages on behalf of its customers. Tokio Marine North America Services is a professional services provider that supports the insurance operations of various companies within the Tokio Marine Group, which is one of the largest insurance groups globally.
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