CORE INSURANCE, INSURANCE TECHNOLOGY
HawkSoft and Input 1 | January 20, 2023
On January 19, 2023, HawkSoft, a provider of agency management systems in the insurance industry, and Input 1, which delivers digital billing, payments, and premium finance solutions, entered into a partnership that allows HawkSoft agencies to use premium collection functionalities.
Input 1 has spent over 30 years perfecting its comprehensive billing and payments platform, which simplifies the intricacies of the premium collection lifecycle. Input 1's services are used by over 125 carriers, finance companies, managing general agents, and thousands of insurance agents to bill and collect premiums from their customers.
HawkSoft's agency management system has succeeded by creating a central insurance platform with API-powered connectivity throughout the insurtech stack. In addition, the company focuses on delivering technology guided by real-world workflows to independent insurance agencies, increasing revenue and efficiency.
With the integration of Input 1's premium finance and payments solution, HawkSoft clients can use data directly from their management system to accept digital payments for pay-in-full policies, offer digital premium financing, and set up recurring payments via debit, credit, and ACH. The integration also prevents double-entry in their common workflows.
Rushang Shah, Chief Marketing Officer of HawkSoft, said, "One of our key goals is to support the unique approaches independent insurance agencies apply in running their businesses." He further expressed, "We are happy to collaborate with Input 1 and welcome them to our ecosystem as a Solution Partner."
(Source – PR Newswire)
Based in Canby (Oregon), Hawsoft provides management systems to organizations that want efficient workflows, unique experiences for employees and policyholders, and tools to foster meaningful relationships. The company, founded by independent agents, provides an innovative system that powers thousands of agencies. HawkSoft aims to assist agents in performing quality work more efficiently - not by pushing them to adapt to the software but by ensuring that it automates the steps that agents already know work best.
Input 1, LLC offers digital billing and payment solutions to property and liability insurers. The company's digital billing and payment solutions provide insurance carriers and MGAs with tailored offerings at a lower cost and faster implementation than internal IT resources. In addition, its outsourcing helps banks, insurance carriers, and insurance brokers develop lucrative profit centers that increase client support and service alternatives.
CORE INSURANCE, RISK MANAGEMENT
CCC Intelligent Solutions and Duck Creek Technologies | February 03, 2023
On February 2, 2023, CCC Intelligent Solutions (CCC), a premier SaaS platform powering the P&C insurance industry, joined Duck Creek Technologies' partner program as a strategic member.
Duck Creek Technologies is an intelligent solutions provider shaping the future of P&C insurance. Joint customers will benefit from increased automation and improved efficiency in claims handling for both employees and policyholders, thanks to the integration, which will allow Duck Creek core system users seamless access to solutions from CCC's industry-leading claims management suite.
Manju Bansal, Vice President, Ecosystems and Alliances for CCC, stated, "Our insurance customers are looking to automation to drive greater efficiency and better experiences for their staff and end consumers."
He added, "Working with Duck Creek is a natural extension of our network strategy, which is centered on enabling technology partners to integrate with the CCC platform and offer solutions that add value to our customers' business. This integration will not only save insurers time accessing the tools they need and use every day, but it will also help drive process improvements across their existing workflows."
(Source – GlobeNewswire)
The Duck Creek and CCC interface gives mutual customers seamless access to their CCC Claim Folders and technologies that promote early claim resolution, such as predictive inspection, which turns complex vehicle damage data into actionable insights at the first notice of loss. Insurers can also hire workers, find repair businesses, and schedule appraisals for policyholders. In addition, single sign-on (SSO) allows insurers to access CCC's platform from Duck Creek Claims.
Robert Fletcher, Sr. Partner Manager, Duck Creek Technologies, expressed, "We are delighted to deepen our relationship with CCC."
"This is an important integration for our customers who seek to drive efficiency and automation into everyday processes. We're excited to offer seamless access to certain CCC solutions and create even more value for our platform," he concluded.
(Source – GlobeNewswire)
About CCC Intelligent Solutions
CCC's connected data platform is reshaping the trillion-dollar automobile and insurance industries. Its cloud-based SaaS solutions use the latest AI, IoT, telematics, customer experience, mobile, and digital workflow technologies to generate deep, actionable insights that help clients drive business and impact lives. The company has innovated throughout its 40-year history, scaling through client relationships and delivering industry-leading first-to-market solutions.
About Duck Creek Technologies
Duck Creek Technologies is the intelligent solutions supplier shaping the future of property and casualty (P&C) and general insurance. Modern insurance systems use its platform to perform flexible, innovative, and evergreen operations on the cloud. The company believes insurance should be there for people and businesses when, where, and how they need it. Besides, all its market-leading solutions are available via Duck Creek OnDemand.
CORE INSURANCE, INSURANCE TECHNOLOGY
Falvey | February 28, 2023
On February 27, 2023, Falvey Insurance Group (Falvey) launched inland marine coverage to its existing product offering. With the natural extension, it has on board an experienced team to establish this inland marine product in the insurance market.
The list of the experienced team members and their respective designations in the company is as follows:
Ed Helfers – Principal, Inland Marine
Lisa Uzzo – Principal, Inland Marine
Joanne Stewart – Cicero – Vice President, Claims, Inland Marine
Maureen Connelly – Associate Vice President, Inland Marine
Thomas Helfers – Associate Vice President, Inland Marine
Bob Sundberg – Manger Underwriting Operations, Inland Marine
Its premium product provides excellent coverage with additional value-added services at no extra charge. With its experience in the insurance market, it has developed relationships with its customers and brokerage partners. It has always addressed the urgent needs of the clients and offered solutions that are beyond their expectations. With one broker agreement, clients have access to complete Falvey Insurance Group's products with the universal claim and loss control experience. In addition, clients experience similar quality service from any of its underwriting teams.
Chief Underwriting Officer of Falvey, Mike McKenna said, "We are excited to have Ed, Lisa, Maureen, Thomas, Joanne, and Bob join Falvey to lead our newest product offerings in the Inland Marine marketplace. This group is uniquely qualified with substantial experience across underwriting, policy administration as well as claims enabling a fast-to-market launch." He added, "We are excited for the opportunity to join Falvey and build a product from the ground up especially with an organization that has an aligned passion for success and strong work culture. As Falvey is already growing in marine and transportation markets; expanding into Inland Marine and related property products will assist in continuing the expansion in the specialty space."
(Source – Cision PR Newswire)
Headquartered in North Kingstown, Rhode Island, Falvey, an insurance services provider, has connected insurance brokers, clients and agents worldwide since 1995. It provides services for insurance claims, underwriting, loss prevention, cargo insurance, pollution insurance, shipper insurance, stock throughput, transportation, and logistic liability. In addition, its wholesale division offers supplement products like a product recall, motor truck cargo, and builder's risk. It specializes in solutions for freight, supply chain, logistics and transportation. Its underwritings include three significant segments; general cargo, life sciences, and technology. In addition, it offers full-value, all-risk domestic and international shipping insurance through an API integration with the client's existing shipping software.