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Travelers has announced a partnership with Westhill to give customers who file property claims in select states access to Westhill’s digital platform, which will allow them to communicate with contractors in their area, easily select the best ones for their needs and track key milestones during the repair process. Jim Wucherpfennig, Vice President of Property Claims at Travelers says, “Our goal is always to provide the best possible service throughout the entire claim experience, from the time the claim is reported through the completion of repairs.”
Nationwide has joined Vertafore’s Commercial Submissions platform fot commercial lines products. The platform connects the end-insured, agents and carriers for simplified, real-time quoting on commercial policies. It works within Vertafore's agency management systems, allowing agents to significantly reduce time spent quoting commercial insurance coverage. Kasey Ketcham, associate vice president of Product and Underwriting Enablement at Nationwide shares, "Partnering with Vertafore allows Nationwide to streamline processes for our agents, enabling them to generate quotes, issue new business, and service customers, resulting in agency speed, ease, and efficiency.” Nationwide and Vertafore will collaborate to optimize the API connection between the two partners and to optimize the workflow for independent agents.
Next Insurance has acquired AP Intego, a company that helps distrubute insurance products through integration with small business administration software like Intuit, Gusto, Square and Toast. Guy Goldstein, CEO and co-founder of Next Insurance shares that "We're excited to welcome the AP Intego team to Next Insurance. This acquisition marks an industry-defining milestone in our efforts to build a market-leading one-stop-shop for small business insurance. The combination of AP Intego's experience in insurance product distribution through partners and pay-as-you-go infrastructure combined with our approach to digital customized coverage, will provide more customers with seamless access to innovative insurance products.”
Carpe Data and Unqork have joined up to provide the former's fraud analytics into the latter's no-code software platform. Unqork is tapping into Carpe Data Minerva, to help better classify and evaluate commercial risk; and ClaimsX, to automate and accelerate the claims-handling process. Clients can leverage Carpe Data’s products in custom underwriting and claims solutions without creating new code. “In the highly competitive small commercial sector, speed and accuracy remain key differentiators for property and casualty insurers,” said Farooq Sheikh, Insurance Go-To-Market Lead, Unqork. “We’re working with our carrier clients to integrate emerging and alternative data from Carpe Data into Unqork’s pure no-code platform so underwriters can make fast, accurate coverage and pricing decisions, resulting in measurably higher new business win rates and account retention.”
Azuga, a connected vehicle platform for fleets, has acquired Mobikit, an insurance data science and analytics company. The latter brings deeper analysis capability to integration with the former's data collection platform, providing a wider range of services to client insurers and fleets. Ananth Rani, CEO of Azuga, says, “By providing enhanced data analysis capabilities and harmonizing data from disparate data sources, insurance carriers can identify even more opportunities for reducing risk and pricing premiums more effectively. Our mutual customers are using Mobikit already and believe the team and technology can dramatically improve our data analytics solutions to continue to deliver insurtech at scale.”
Nicquana Howard-Walls
Associate Editor, Digital Insurance
Insurtech