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Everest Global Markets | March 03, 2020
Insurance and reinsurance firm Everest Global Markets has partnered with Charles Taylor InsureTech to implement a new claims-management product for its international platforms. Everest Global Markets has implemented Charles Taylor InsureTech’s Trax platform, a fully managed electronic claims files (ECF) write-back-enabled claims-management platform. Trax will enable Everest Global Markets to automate claims notifications and monitor ECF through its write-back capabilities. It will also hel...
Afficiency | September 22, 2021
Quility Insurance, a digital platform offering financial solutions through an online application or support from a licensed insurance agent, announced the launch of its new proprietary product, Quility Level Term. The company launched the level term product in collaboration with Afficiency, a startup that designs, builds, and delivers life insurance via API, and SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts).
Through Afficiency's digital infrastru...
GEICO | July 17, 2020
A new report by Fitch Ratings reveals that not only are US personal line insurers expected to see underwriting profits this year despite the pandemic, but there could be soon a reshuffle of America’s top insurers. The report said that the ongoing pandemic is “substantially affecting” the insurance industry in terms of underwriting and investment. Personal line insurers, in particular, are heavily impacted by the decline in risk exposures related to changes in economic and socia...
Orchid Insurance | June 16, 2020
Orchid Underwriters Agency, LLC (Orchid Insurance), one of the largest independent managing general underwriters (MGUs) focused on catastrophe-exposed residential and commercial lines properties, has today announced the launch of a brand-new MGU called CrossCover Insurance Services (CrossCover). The new MGU will underwrite middle-market commercial property risks for wholesale broker clients beginning early in 2021. It was formed in partnership with veteran property insurance executive Scott Hans...
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