AXA XL reveals new risk innovation incubator Cube

AXA | November 19, 2019

AXA XL, the property & casualty and specialty risk division of AXA Group, has introduced a risk innovation incubator called Cube. Available globally and described as the first of its kind, Cube will feature a series of workshops in which AXA XL and its clients test new risk management solutions to ultimately come up with a prototype and a supporting business case. The six-week program will see risk managers working alongside AXA XL risk and innovation experts. “Cube supports our goal to go beyond traditional insurance to become a comprehensive partner to our clients,” said Philippe Gouraud, global head of strategic distribution at AXA XL. “The program’s structured and well-tested approach allows us to offer our clients a robust environment to innovate.

Spotlight

We consider the current challenges and opportunities in applications of Robotics to financial services and to insurance in particular. Combinations of Robot Process. Automation (RPA) with digitization have been considered by the industry, with important benefits in cost reduction and efficiency.

Spotlight

We consider the current challenges and opportunities in applications of Robotics to financial services and to insurance in particular. Combinations of Robot Process. Automation (RPA) with digitization have been considered by the industry, with important benefits in cost reduction and efficiency.

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CORE INSURANCE, INSURANCE TECHNOLOGY

Zywave Expands Carrier Offerings with Launch of Carrier Engagement Suite

Zywave | September 02, 2022

Leading insurtech provider, Zywave, today announced the release of a new offering, Carrier Engagement Suite, which leverages Zywave's Client Cloud to connect carriers with insureds at scale by harnessing industry-leading content, web portal access, and a learning management system, all in a single platform. The Carrier Engagement Suite fosters stronger relationships with insureds, while differentiating the carrier's offerings and services. This one-stop shop gives insureds the tools to take greater control of their insurance journey, while bolstering insurers' value as they provide these critical resources to individual employers and corporate policyholders. "Our Carrier Engagement Suite dramatically upticks the number of off-cycle customer touchpoints for carriers between policy inception and renewal, Providers are expected to engage with insureds and continually offer content and resources which effectively lower claims exposure and raise retention stickiness but that's a lot of work. Zywave's Carrier Engagement Suite lowers that burden by delivering these resources at scale. With content, courses, and tools available in one centralized location, carriers now have a streamlined process that enables them to meet the increasing expectations of their customers." -Zywave senior vice president Jeff Cohen This dynamic solution set allows carriers to access, curate, and share relevant resources with their insureds. In addition, the Carrier Engagement Suite is home to a vast library of comprehensive content, hundreds of compliance courses, and tool packages for multiple specialties. Carriers can customize the user experience and portal interface to match their branding and corporate style, creating a seamless extension of their coverage offerings. The Carrier Engagement Suite's web portal is also available to insureds 24/7, ensuring that they can connect to important information and resources at their convenience. About Zywave Zywave leads the insurtech industry, fueling business growth for its partners with cloud-based sales management, client delivery, content and analytics solutions. Zywave's all-in-one platform provides customizable, user-friendly options that enable insurance professionals to build a unique solution to fit their specific growth goals their own Modern RevOps Machine. More than 15,000 carriers, agencies and brokerages worldwide including all of the top 100 U.S. insurance brokerages use Zywave solutions to enhance client services, achieve business growth and promote greater health, wellness, risk management and safety.

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CORE INSURANCE

Inszone Insurance Services Continues Expansion in Texas with the Acquisition of Proctor Insurance

Inszone | October 20, 2022

Inszone Insurance Services: a rapidly growing, national provider of benefits, personal and commercial lines insurance, announced today the acquisition of Proctor Insurance, providing the fifth acquisition in the state of Texas. Founded by Jeff Proctor in 1988, Proctor Insurance has been a pillar in the Houston area. Jeff started in his community founding two grocery stores in the Houston area, but when those were sold to a local chain, he begun looking for a change of pace which would allow him to provide for his wife and three small children and lead him away from the 7-day work week. After consulting with a friend in the insurance industry, Jeff decided to open his agency and built it from the ground up. He built a reputation of success among small hotels and motels, who appreciated the honesty and dedication of him and his team. Getting ready to retire, Jeff knew he wanted to find a company to provide opportunity for advancement and further education to his employees while also providing great resources to his clients. Proctor Insurance customers will continue to receive the service they are accustomed to, under the Inszone Insurance brand. “Jeff of Proctor Insurance told us his team was his true success story, and he was 100% right, we couldn’t be happier to provide them with the resources to continue their great work under the Inszone brand, We are excited to see our service footprint grow in the state of Texas and look forward to many years of success with the team from Proctor Insurance.” -Norm Hudson, CEO of Inszone Insurance Services Inszone Insurance is expected to announce a number of important acquisitions in the upcoming months as it continues to build its national presence. About Inszone: Founded in 2002 and headquartered in Sacramento, California, Inszone is a full-service insurance brokerage firm which provides a broad array of property & casualty insurance, along with employee benefits solutions. With a strong, experienced management team, Inszone continues to grow organically, as well as through acquisitions. With 31 locations across California, Arizona, Nevada, Utah, Colorado, Missouri, Texas and Illinois, the company is looking to further expand throughout the United States.

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New Cyber MGA Converge Partners With CyberCube to Bolster Proprietary Underwriting Ecosystem

CyberCube | October 31, 2022

Converge is partnering with CyberCube to provide customers with deeper data and risk solutions, delivering improved business outcomes at lower premiums. Integrating CyberCube’s platforms into Converge’s ecosystem will enhance the quality and depth of the analysis provided to clients across a spectrum of industries and sectors to confidently mitigate risk and strengthen cyber protection. CyberCube, a leading cyber risk analytics firm, will seamlessly blend its Portfolio Manager platform, Single Point of Failure (SPoF) Intelligence module, and Attritional Loss Model into Converge’s proprietary technology ecosystem. Combined with an adversary-focused underwriting methodology and led by seasoned, executive talent from across the insurance industry, Converge is driving cyber resilience and reducing risk by making the insurance process easy, accessible, and affordable. “Our partnership with CyberCube aligns perfectly with Converge’s mission of being first to deliver complete, confident cyber protection, Our deep understanding of the challenges faced by our clients combined with tailored risk solutions will allow us to further improve outcomes for their businesses at a lower cost.” -Anthony Dagostino, Converge CEO & Founder Pascal Millaire, CyberCube’s CEO, said: We are thrilled to be partnering with Converge as it makes leading cyber risk management and risk solutions accessible and intuitive to firms across the insurance marketplace. Our collaboration will ensure they receive the comprehensive protection they need. About CyberCube CyberCube delivers the world’s leading cyber risk analytics for the insurance industry. With best-in-class data access and advanced multi-disciplinary analytics, the company’s cloud-based platform helps insurance organizations make better decisions when placing insurance, underwriting cyber risk and managing cyber risk aggregation. CyberCube’s enterprise intelligence layer provides insights on millions of companies globally and includes modeling on thousands of points of technology failure. About Converge Converge is where cyber insurance, security, and technology intersect to provide businesses with complete cyber protection. Deploying a proprietary data ecosystem underpinned by expert underwriting and risk solutions, we give insurance professionals and customers vital intelligence that delivers improved outcomes at lower premiums. We believe in partnering with our clients, guiding them to be confidently cyber secure through our intuitive tech and seamless user experience, improving protection and mitigating risk. Converge is headquartered in New York and backed by venture firm Forgepoint Capital.

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