The InsurTECH Book

Insurance Business America | April 27, 2020

Wildfires and hurricanes from recent years have impacted many homeowners’ and businesses’ ability to find affordable property insurance, but they’re not the only types of weather events that are contributing to a hardening property market. Hailstorms rank as one of the more damaging weather events in the US with 5,382 major hailstorms occurring in 2019 and 4,610 hailstorms in 2018, the latter of which resulted in $810 million in property and crop damage, according to the Nation...

National Insurance Crime Bureau | March 26, 2020

After detecting an influx of insurance fraud cases tied to the recent COVID-19 outbreak, the National Insurance Crime Bureau (NICB) has created a new page on its website to serve as a resource to inform the public about these scams. The new “NICB COVID-19 Resource Center” hosts the latest information on emerging fraud scams involving the coronavirus. It also has information about what is happening in other states from an insurance fraud perspective. “Catastrophes bring out the ...

Insurance Technology

One Inc | January 18, 2022

Exavalu Inc., a leading global digital solutions and IT consulting company and Guidewire PartnerConnect Consulting Select partner, announced today that they have partnered with Topa Insurance Company to successfully enable digital claims payment capabilities for the insurer. Topa Insurance Company seeks to achieve faster claims processing, improved customer experience, and lower operational costs through its use of digital payment capabilities from One, Inc., a Guidewire PartnerConnect Solution ...

Core Insurance, Insurance Technology

Covr and Smart Choice | January 25, 2023

On January 24, 2023, Covr Financial Technologies and Smart Choice announced that they have teamed up to make Covr Pro available to 9,500 Smart Choice agencies thereby, enabling independent advisers to access Covr's cutting-edge digital solution. Covr Pro is a digital platform for independent advisers that gives them a number of benefits, such as an easy-to-use interface, competitive pay, help with application intake, and full case management (including electronic signatures ...