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INSURANCE TECHNOLOGY

First Light Recovery | April 12, 2022

First Light Recovery reported new in-network agreements with seven esteem insurance companies, namely Kaiser Permanente, Anthem BlueCross, HMC Healthworks, Magellan, Multiplan, First Health, and United Healthcare. The mental health provider, First Light, hopes that this update will make other mental health services more available to people in the area. When a provider is in-network with an insurance company, individuals with those policies may benefit from several services, such a...

CORE INSURANCE,INSURANCE TECHNOLOGY

The Hanover | December 13, 2022

The Hanover Insurance Group, Inc. (NYSE: THG) today announced it has launched The Hanover Small Business Digital Exchange Gateway, an innovative collection of insurtech platforms that enable agents to access The Hanover directly through existing connections in their commercial lines quoting solutions. The Small Business Gateway supports The Hanover's agent partners in their desire to enhance agent-carrier connectivity and streamline the small business placement process. The ne...

Lloyd | July 13, 2020

Centuries-old exchange Lloyd’s of London will be focussing on its core markets, announcing a strategy that will see the world’s specialist insurance marketplace relinquish US admitted licenses. In a market bulletin issued by syndicate capability oversight head Peter Montanaro, Lloyd’s said it will be strengthening its focus on the US reinsurance and excess & surplus (E&S) insurance market “where it is the market leader,” in a move that will be carried out by...

INSURANCE TECHNOLOGY

PZU, Tractable | November 27, 2020

PZU, the biggest financial institution in Central and Eastern Europe, is using AI to upgrade how it audits its car insurance claims across Poland, it declares today. PZU handles almost 500,000 motor damage claims for every year. Prior to implementing AI, Poland's biggest insurer was performing a detailed audit of around 20% of its motor claims that are handled by body shops (the remaining body shop cases were affirmed with improved control). Presently, the AI so...