Hourly.io has selected Origami Risk‘s multi-tenant SaaS P/C core solution to introduce critical automation to their insurance platform.
This partnership aims to enhance the efficiency, accuracy, and scalability of Hourly.io’s services for small and mid-sized businesses with hourly and mobile workers.
Hourly.io will use Origami’s API to instantly quote policies and integrate rates and rules from NCCI and other bureaus with their underwriting models. They combine payroll with time and attendance data to determine workers’ compensation premiums with to-the-penny accuracy in real time. This rating information will be instantly applied to applications submitted by insurance agents and brokers through Hourly’s instant quote portal.
Origami Risk provides integrated SaaS solutions that simplify insurance, risk, and safety processes for various entities in the insurance industry. Their platform offers a wide range of services, including policy, rating, billing, loss control, claims administration, reporting, and analytics, along with a digital engagement experience for stakeholders.
Hourly.io offers innovative payroll and workers’ comp insurance services. Their integrated platform connects workers’ comp, time tracking, and payroll in real-time, ensuring that premiums are calculated with unprecedented precision. This platform is mobile-first and bridges the gap between these essential functions seamlessly.
Tom Sagi, co-founder and CEO of Hourly.io , said, “As we continue our rapid growth across the United States, choosing and deploying the best available technology has enabled us to drive down costs and streamline the rate-to-bind process for small and mid-sized employers. Origami’s solution seamlessly integrates with our platform so we can scale while maintaining our speed, efficiency and accuracy.”
Christopher Bennett, Chief Strategy Officer, Core Solutions division at Origami Risk, said, “Our automated solution aligns perfectly with Hourly’s objectives and the needs of its distribution network and clients. This proprietary capability is among several innovative solution sets we’ve developed to help carriers, pools, program administrators and other insurance providers drive efficiencies across critical functions, meet customer needs and improve overall performance.”
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