CORE INSURANCE
Akur8 | June 23, 2021
wefox Insurance and Akur8 are excited to report their coordinated effort, as a vital achievement to reinforce wefox Insurance's pricing process. This arrangement further builds up the presence of Akur8 in Germany, and shows the broadness of Akur8 use cases, working together with a completely advanced neo-guarantor.
Explicitly produced for insurers, Akur8's answer improves their pricing processes via computerizing hazard and request demonstrating, utilizing straightforward Artificial Intelligence proprietary technology. The center advantage for insurers is more noteworthy speed-to-exactness, while keeping up with full straightforwardness and control on the models made.
With Akur8, wefox Insurance further builds up their administration levels to clients and conveyance accomplices. wefox Insurance furnishes dispersion accomplices with custom fitted taxes, exact and designated pricing and high reactivity. Akur8 further backings wefox in its interest to severe endorsing discipline through giving an altogether robust pricing process.
The coordinated effort among Akur8 and wefox Insurance was worked with by Munich Re. This supports Munich Re's vision of key reinsurance organization including best in class counseling administrations by cooperating with their customers along the entire worth chain.
About Akur8
Akur8 is revolutionizing insurance pricing with transparent AI. Akur8 developed a unique AI-based insurance pricing solution that automates modeling for insurance companies while keeping full transparency and control on the models created, as required by regulators worldwide. Akur8 is the only solution on the market reconciling Machine Learning and Actuarial worlds.
About wefox Insurance
wefox Insurance is a digital real-time insurer. Brokers and end customers can take out paperless insurance within a few minutes. Damages are reported digitally and in more than 60 percent cases are settled on the same day. wefox household, liability and motor vehicle insurance are available in Germany, Poland and Switzerland. wefox has just announced their series C funding of over $650m for a valuation of $3bn.
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INSURANCE TECHNOLOGY
Fenris | June 08, 2022
Fenris Digital (Fenris), an insurance data sourcing innovator with a suite of API-delivered, SOC 2 compliant products, is pleased to announce a new partnership with enterprise life insurance platform Sureify to deliver Life Events Monitoring and Alerts (LEMA) to Sureify's LifetimeENGAGE users to increase customer interaction and, ultimately, satisfaction.
Fenris Life Event Monitoring and Alerts will be made available on Sureify's LifetimeENGAGE platform, which helps carriers and brokers build long-term relationships with policyholders by driving health and wellness activities, purchase decisions, financial education, and more. Sureify's carrier and broker customers will receive real-time alerts concerning changes in the lives of policyholders that would need a review of current coverage because of Fenris' life event alerts being made available through its platform.
The lives of our client's policyholders are changing faster than ever. Insurance providers need to be aware of these changes in real time so they can engage with their customers at exactly the right moments. By integrating with Fenris, we're investing to ensure that, through our clients, modern policyholders' needs are being almost proactively met, which is immense."
Sureify COO Ryan Swanson.
Data is at the heart of a carrier's engagement practices that lead to informed agents guiding policyholders along the customer lifecycle, Working with Sureify to make our real-time alerts available to the life insurance space will give agents, brokers, and carriers the insight they need at the right time to nurture their relationship with policyholders."
Jennifer Linton, CEO and Founder of Fenris.
Fenris enables traditional, innovative, and embedded insurance companies to better acquire customers by leveraging data repositories of 255+ million persons, 130+ million homes, 30+ million small businesses, and total coverage of all properties in the United States. Through real-time alerts that prompt outreach to policyholders, Fenris' Life Event Monitoring and Alerts promotes engagement, raises retention rates, and leads to business growth.
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INSURANCE TECHNOLOGY
RVshare | April 19, 2022
RVshare, the world's foremost and largest RV rental marketplace, and DigiSure, an insurance technology platform, have announced a collaboration to bring insurance and protection in-house. DigiSure is the outstanding program partner for mobility and shared economy businesses and a leading insurance technology platform. The new joint program is the largest sharing economy, with over 100,000 RVs in its inventory.
Crum & Forster is the insurance provider for this product's auto liability component. Crum & Forster, a market leader in specialty insurance solutions, offers direct access to a complete insurance coverage solution for RVshare’s customers through claims. This collaboration will provide RVshare customers with more comprehensive insurance and protection coverage, further enhancing the marketplace experience for RVshare renters and owners.
The RVshare Insurance and Protection Plan covers comprehensive and collision and acts of God, which are the essential coverages in the market. The new plan's nationwide protection coverage extends through all 50 states and Canada. It includes:
The best-in-class vetting and verification process on every booking
Liability insurance protection up to $1M
Broader coverage including windshield, trailer, and campsite liability
Our goal was to bring to market an insurance product that is superior to any other option in the RV rental space. Unavoidable incidents can occur even on the best-planned trips. If an incident gives rise to a claim, a quick and efficient resolution is in everyone's best interests. With DigiSure as a partner, RVshare will provide customers with peace of mind, additional benefits, and cost-cutting solutions."
Brian Rogers, RVshare's Vice President of Protection Products.
RVshare has selected DigiSure's digital claim management technology and experienced claim handling team to diminish friction and maximize efficiency throughout the claim process. It thus results in an expected 50% faster resolution time and faster return-to-platform times for vehicle owners. In addition, RVshare's Customer Support team will continue to offer a rapid and expert response to accidents, including 24/7 emergency roadside assistance.
We're excited to be partnering with RVshare and Crum & Forster to deliver best-in-class insurance and protection products built with RVshare's unique data and insights. We are moving our industry forward by bringing insurance, data, and technology together to create win-win-win solutions for customers. This is an excellent example of doing just that."
Mike Shim, CEO & Co-Founder of DigiSure.
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