CorRisk Solutions

Core Insurance, Risk Management

Simplicity Group and Insurance Designers of America | March 06, 2023

Simplicity Group Holdings, Inc. (Simplicity) recently informed that it has acquired Insurance Designers of America (IDA), a leading insurance marketing organization (IMO), in order to provide a comprehensive range of services. As a result of this merger, Simplicity and IDA will now provide their respective members with a market-leading, tech-enabled distribution platform along with an unrivaled range of sales and marketing services. Bruce Donaldson, Simplicity's P...

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...

Life Insurance, Insurance Technology

Amplify Life Insurance | October 04, 2022

Amplify Life Insurance, a digital-first life insurance platform focused on helping customers build wealth through permanent life insurance, announced an investment round led by Munich Re Ventures (MRV), with follow on investment by Crosslink Capital, Greycroft, and Conversion Capital. The investment brings Amplify's total funding to $25.1 million. Amplify is the first digital platform that offers customers the ability to invest in public markets with their life insurance premi...

Insurance Technology

Synchrono Group, CodeEast Digital | December 16, 2020

Synchrono Group Inc. an Insurtech Managing Underwriter having some expertise in 'Property/Casualty and Workers Compensation for the Gig Economy' and 'Small Commercial Insurance Risks' has collaborated with CodeEast and will utilize their Digital Platform for the organization of Commercial Property/Casualty insurance items across the USA. Steve Hartman, Chairman and CEO of Synchrono Group, says "As an Insuretech Managing Underwriter which leverages data and tec...