Insurance Business Asia’s Post

DETROIT, MI - This week, our CEO and President Michael Giarrizzo participated in a panel on "Communication in the Claims Process" at the CIECA Collision Industry Electronic Commerce Association CONNEX Conference. The panel addressed important questions in the reconciliation and processing of claims in an age of increasing vehicle complexity. Giarrizzo joined the stage with Michael Anderson of Guidewire Software, Inc., Michael Rortvedt of Entegral, and Paul Riffel of, GAINSCO. CIECA Executive Director Paul Barry moderated the discussion. #collision #collisonrepair #insurance #claims

Lots of vendors sell insurance software. Smart carriers choose FINEOS because of the FINEOS difference: • We focus solely on our customers’ business • Our staff know the industry intimately (several previously managed insurance departments) • Our developers have domain depth & expertise “We partner with carriers. We get the results they need,” says FINEOS Chief Product Officer Eoin Kirwan. Read our case study on how we helped one insurer retire 6 legacy systems and revamp its entire platform. Talk about results! https://okt.to/Jn8Sx9 #purposebuilt #employeebenefits #differentiators

Zala Insurtech News: Bold Penguin, the insurtech software specialist, has announced the addition of certain capacity offered through RT Specialty, a leading wholesale distributor of commercial excess and surplus (E&S) insurance products and services, to their Terminal carrier panel. The post Bold Penguin Partners with RT Specialty appeared first on Insurtech Insights. Read on below >> #insurance #innovation #insurtech

Partners play a very important role in the entire insurance ecosystem. They are perceived to be an effective channel for insurance sales as both the customers and insurers trust them. Hence, it's imperative to equip them with a state-of-the-art, all-in-one digital platform. Learn how we at purpleSlate helped a leading insurer bring down partner onboarding time to less than 24 hours - https://bit.ly/3qwqQ9u #Insurance #Onboarding #InsurTech #DigitalTransformation

Celent provides an important market proof point for our ClaimsPro product. Celent described Sapiens ClaimsPro as “a comprehensive and highly adaptable core claims system, ideal for both personal and commercial lines. With strengths in adjuster personalization, efficient claims management, and advanced payment options, it stands out as a top choice for midsize and small insurers. ClaimsPro is particularly well-suited for insurers who value customization, user-friendly business rule management, and are looking for a system capable of evolving with technological advancements.” Read more: https://ow.ly/Ctic30sAHXW #insurance #claims

In an interview with AM Best at Insurtech Insights USA in New York last month, our Group CEO Rob Schimek shares his views on the evolution of embedded insurance into a multi-trillion opportunity for the industry, and how bolttech is developing tailored, affordable insurance solutions embedded seamlessly into our partner's customer journeys. Rob also discussed our strategic approach to building a partner-led B2B2C business model and differentiating our solution offerings to keep pace with customer expectations. 🚀 Watch the full interview here:  https://lnkd.in/gJ47qPsc #thepowerofconnection #insurtech #insurance #embeddedinsurance Lori Chordas

🚀 ClaimDeck is excited to be part of #CCUSA Connected Claims USA 2024 today, where April Willers will join other leaders pioneering the next generation of claims management! 🚀 As the insurance industry shifts toward greater efficiency and resilience, ClaimDeck is accelerating this transformation with solutions built around automation, scalable efficiencies, and enhanced customer experiences. Our platform empowers claims teams to streamline processes and turn claims management into a true competitive advantage. 𝗔𝗿𝗲 𝘆𝗼𝘂 𝗮𝘁𝘁𝗲𝗻𝗱𝗶𝗻𝗴 𝗖𝗼𝗻𝗻𝗲𝗰𝘁𝗲𝗱 𝗖𝗹𝗮𝗶𝗺𝘀 𝗨𝗦𝗔 𝟮𝟬𝟮𝟰? Don’t miss the chance to connect with April and discover how ClaimDeck is redefining claims technology to meet today’s challenges! #ConnectedClaims #ClaimsInnovation #InsuranceTransformation #CCUSA2024 #FutureOfClaims

Verisk Specialty Business Solutions pricing platform, Rulebook, excels due to its integration of advanced analytics and user experience, allowing for highly accurate risk assessments and dynamic pricing models. The platform enables insurers to respond quickly to market changes, reducing the reliance on complex spreadsheets and manual methods. Additionally, the platform enhances compliance, operational efficiency, and speed to market, giving insurers a significant competitive edge in the commercial insurance sector. Read our client testimonial in this case study with Chaucer Group. After undertaking proof of concepts for several pricing platforms, Verisk Specialty Business Solutions Rulebook platform was selected to be the most fit-for-purpose for Chaucer Group Insurance classes. Rulebook provides a dynamic rules engine and underwriting and broking desktop platform that allows specialty insurers to build and maintain pricing models of simple, medium and complex design. Case Study: https://lnkd.in/eAxSVzAC #Insurance #Pricing #Platforms #LondonMarket

In a new op-ed for Digital Insurance, I share how the insurance industry's digital transformation has ushered in a new era of partnerships between traditional insurers and insurtech companies. As insurers modernize their technological infrastructures, it has become evident that insurtech solutions can help them reach digital-first consumers who rely on online platforms to secure insurance, rather than traditional routes. Learn how these collaborations can lead to more innovative solutions, better risk assessment, expanded distribution and more: https://hubs.ly/Q02QSzMY0

Angus McDonald This article captures the essence of the ongoing digital transformation within the insurance industry, highlighting the significant shift from traditional models to innovative partnerships with insurtechs. It's refreshing to see how insurers are recognizing the value of integrating digital-first solutions, especially to meet the needs of younger consumers who demand convenience and personalization. The combination of insurtechs' data-driven insights and insurers' established infrastructures is proving to be a powerful tool for risk assessment, fraud prevention, and efficient service delivery. These collaborations are not only expanding distribution channels but are also creating more tailored, customer-centric offerings. As the industry continues to evolve, it's clear that these partnerships will play a pivotal role in shaping the future of insurance, ensuring that consumers receive products designed for our fast-changing world.