Tag: 2023 InsurTech

OneBefore, an underwriter-led Managing General Agent (MGA), has announced its UK launch.

FRISS, a global leader in trust automation solutions for Property and Casualty (P&C) insurers, has revealed the FRISS Accelerator for Claims Analytics for ClaimCenter Cloud.

The digital transformation of the insurance industry has been underway for many years. Carriers have drastically improved their efficiency, speed and accuracy through the implementation of new technologies. Now the sector may be looking towards data analytics to make the latest leap in the space. 

Many insurance companies offer their customers the convenience of scanning and submitting claims-related documents through dedicated mobile apps. While this approach works well for many, not all users want to download additional applications. Fortunately, there's an alternative solution that combines efficiency and user-friendliness – implementing a Web SDK for document scanning directly through browsers.

The insurance industry relies heavily on efficient data communication, and two key terms, the Core Data Record (CDR) and the Market Reform Contract (MRC), play significant roles in standardising this communication. While distinct, both concepts contribute to insurance processing and documentation, streamlining operations in the sector.

Israeli InsurTech Vesttoo has requested more time from the creditors in their Chapter 11 bankruptcy case, as it still believes it can produce a "value-maximising transaction".

The significance of digital communications is growing, making true omnichannel capabilities more critical than ever in providing a unified customer experience. While the goal of omnichannel might sound simple, it involves complex challenges. InsurTech Usher delves into the nuances of omnichannel and its impact on business drivers like loyalty, customer experience improvement, and operational cost reduction. 

Cincinnati Re, the reinsurance subsidiary of The Cincinnati Insurance Companies, has added Christopher Toppi to its team.

Origami Risk, a leading risk, safety, and insurance Software as a Service (SaaS) technology firm, has announced the appointment of Chris Bennett as Chief Strategy Officer and Mike Kaplan as Division President within its Core Solutions unit.

Flood forecaster Previsico has raised further funding which is aimed to accelerate growth in Europe and enable US expansion.