insurance - FinTecBuzz

AM Best to Lead Ratings Discussion at Reinsurance Association

August 9, 20213 min

AM Best will present a session focused on its evaluation of insurance and reinsurance companies at the Reinsurance Association of America’s upcoming Re Finance event, which takes place online Sept. 13-14, 2021. Clare Finnegan, senior financial analyst, will present a session, titled, “Tying it All Together – A Rating Agency’s View on Evaluating Insurance/Reinsurance Companies,” at 1:50 p.m. (EDT) on Sept. 14. Finnegan is part of AM Best’s global reinsurance ratings division and covers a portfolio...

by PRNewswire

Insurance

InsureLife raising Seed round

August 5, 20214 min

InsureLife, a startup technology company in Raleigh, NC, has developed an AI-powered platform for Insurers that digitally connects their financial services products with consumers and agents, growing sales in a contactless world. Investors in the Seed round include Nassau Financial Group, CFV Ventures, and several angel investors. InsureLife anticipates oversubscribing the Seed round. InsureLife has secured distribution agreements with two major insurance companies – a leading Supplemental Health Insurer and Nassau Financial Group. Following the Seed...

by BusinessWire

Insurance

Majesco Digital Customer360 Recognized in A Digital FNOL Overview

August 4, 20215 min

New report looks at digital FNOL capabilities across 18 vendors helping to transform the claims process with new technologies Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announce that Majesco Digital Customer360 for P&C has been profiled in Aite-Novarica Group’s A Digital FNOL Market Overview: First Impressions Last Report. Claims processing and handling has become the moment of truth for insurers. In today’s rapidly evolving, digitally enabled market, claims management is increasingly complex...

by BusinessWire

Insurance

Alliant Insurance Services Adds Pooling Expertise

August 2, 20212 min

Alliant Insurance Services has announced Kaci Snyder has joined the company as Senior Vice President, Public Entity. As a member of the Public Entity Education & Pooling Practice, Snyder will focus on working with self-insurance pools to provide brokerage, underwriting administration, marketing and comprehensive administration services. “Kaci is an excellent addition to our team; her first-rate administration of pools will be of great benefit to our clients,” said Daniel Howell, Senior Executive Vice President, Alliant Public...

by BusinessWire

Insurance

NOW Insurance Named Matt Higgins as EVP

July 30, 20214 min

Higgins will play an instrumental role in the continued development of the A.I. platform, machine learning algorithms designed to enhance the customer experience NOW Insurance (NOW), an AI-enabled insurance platform designed to quickly match small business owners and professionals with affordable coverage plans, announced today the hiring of Matt Higgins as executive vice president of engineering. Higgins, who began his role in June, brings a wide breadth of technology and leadership expertise to NOW Insurance’s leadership...

by BusinessWire

Insurance

Insurtech Startup Spot Announces $17.5 Million in Funding

July 29, 20215 min

Company’s Unique Distribution Model, Via Partnerships and Direct to Consumers, Makes Injury Insurance Coverage More Affordable and Convenient for Tens of Thousands of Customers, Including Pro Athletes Spot, the tech startup modernizing insurance by providing digital, on-demand injury insurance to tens of thousands of customers, today announced it has raised $17.5 million in funding, including $15 million in equity and $2.5 million in debt. The round was led by GreatPoint Ventures, with participation from Montage...

by PRNewswire

Insurance

Chisel AI Appoints Rupin Mago as Vice President

July 28, 20215 min

Seasoned insurtech and digital transformation leader to accelerate the next phase of growth for Chisel AI Chisel AI, a technology provider for the global insurance industry, today announced that Rupin Mago has joined the company as Vice President, Sales. A proven cross-functional leader and trusted advisor to customers and partners, Mago brings deep insurance industry and technology domain experience to his role including AI, machine learning, file analytics, unstructured data, robotic process automation, big data,...

by BusinessWire

Insurance

CCG IQ’s ClaimCenter Add-On for Claims Estimating

July 23, 20215 min

The add-on streamlines the damage assessment and equipment pricing processes for claims involving HVAC systems and electrically powered equipment CCG IQ, a leader in tech-enabled insurance services and Guidewire PartnerConnect Solution partner, and Guidewire Software, Inc. (NYSE: GWRE), the platform P&C insurers trust to engage, innovate, and grow efficiently, today announced that CCG IQ’s new Ready for Guidewire validated add-on is now available to ClaimCenter users in the Guidewire Marketplace. CCG IQ offers a suite of services to empower insurers to make...

by PRNewswire

Insurance

Insurance Leader Senior Security Benefits Joins Forces with Integrity

July 22, 202110 min

Transformational partnership combines Integrity’s best-in-class insurtech tools and resources with Senior Security Benefits’ revolutionary agent training and product education systems Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, today announced it has entered into an agreement to acquire Senior Security Benefits (“SSB”), a leading independent marketing organization (“IMO”) located in Fort Worth, Texas. As part of the acquisition, Gaylan Hendricks, CEO of Senior Security Benefits; Dan Hendricks, President of Senior Security Benefits;...

by PRNewswire

Insurance

Insurance Technology Announced Next Generation of ImageRight

June 30, 20215 min

Cloud-based Vertafore Hosting for ImageRight 7 can reduce cost of ownership for carriers, with savings up to 25-50% annually Vertafore®, the leader in modern insurance technology, today announced the next generation of ImageRight®, the industry’s premier workflow and content management system designed specifically for insurance carriers. The announcement was made during the keynote event of Carrier Week at Accelerate, powered by NetVU. ImageRight 7 provides a fully reimagined user experience in a web-based interface, enabling users to...

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