Brokerslink unveils tie-up with insurance law firm

Insurance Business America | October 29, 2019

Brokerslink unveils tie-up with insurance law firm
Brokerslink has announced that it has added a new specialist law firm to its business. Wilson Elser, a law firm with 38 offices and more than 800 attorneys, will support Brokerslink’s global network by providing access to dedicated insurance legal expertise. Wilson Elser is a founding member of Legalign Global, an alliance of four leading insurance law firms with more than 60 locations worldwide. The alliance combines insurance industry and legal expertise focused on reinsurance coverage, reinsurance defence, and insurance regulatory and compliance services.

Spotlight

View video on World Insurance Report 2018 key findings and learn more about the need for insurers to enhance digital agility to deftly respond to market shifts and evolving customer expectations and stay ahead of BigTech competition.

Spotlight

View video on World Insurance Report 2018 key findings and learn more about the need for insurers to enhance digital agility to deftly respond to market shifts and evolving customer expectations and stay ahead of BigTech competition.

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Hub International Strengthens Healthcare & Construction Insurance Capabilities With Acquisition Of The Assets Of Eaton-Provident Group In Arizona

Hub International Limited | October 08, 2021

Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced that it has acquired the assets of Eaton-Provident Group, LLC (EPG Insurance). Terms of the transaction were not disclosed. Located in Scottsdale, Arizona, EPG Insurance is a property and casualty insurance firm serving businesses, families and individuals. EPG Insurance specializes in various industries, including senior living and construction, which supports Hub's Specialty practices by complementing and strengthening its existing capabilities. EPG Insurance's keen understanding of the insurance business, their broad and multidisciplinary experience, and our shared culture and values makes them an ideal addition as we continue to grow in the region and guide clients, - Randy Perkins, President of Hub Southwest. EPG Insurance Principals Tim Schmidt, Greg Budiac and Jeff Schmidt, and the rest of the EPG Insurance team will join Hub Southwest. We are committed to our clients and look forward to continuing to help them protect their businesses and assets with expanded services, solutions and value through Hub, - Mr. Tim Schmidt. About Hub's M&A Activities Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. About Hub International Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 13,000 employees in offices located throughout North America, Hub's vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow.

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INSURANCE TECHNOLOGY

Farmers Insurance® Plans First Use of Mobile Robot For Catastrophe Claims & Property Inspections

Farmers Insurance | September 21, 2021

Farmers Insurance® today announced plans to use a digitally controlled mobile robot to assist with in-field catastrophe claims handling and non-catastrophe property inspections, helping to improve the safety and efficiency of both while becoming one of the first national P&C insurers to deploy a robotic quadruped. Created by Boston Dynamics and customized for Farmers®, "Spot" will join claims personnel beginning as early as fall 2021 to help assess damage from catastrophes such as hurricanes, tornadoes, earthquakes, and wildfires. The robot's agility, advanced mobility, and perception to navigate various rough terrain will allow it to access spaces and environments inaccessible for claims employees. Spot will be equipped with a variety of sensors and cameras, including a 360-degree camera and site documentation software to help reduce the time required to capture data and augment the in-field claims review process. Spot may also help claims adjusters collect critical data and assist with claims handling optimization to serve impacted customers more efficiently. Additionally, the robot may be utilized to handle non-catastrophic events such as structure fires, collapsed structures, water loss, or other potentially hazardous environments in the future. Farmers focus on enhancing human-powered technology has led the organization to this very exciting milestone where we're able to utilize new and emerging technology like a robot to further strengthen our commitment to our customers, all while helping to keep our employees safe. Adding such a dynamic robot to our stock of evolving tech such as drones and satellite imagery will help us build on our legacy and deepen our commitment to customers. - Samantha Santiago, Head of Claims Strategy and Automation at Farmers Farmers efforts in the area of technology are driven by its long history of innovating for the customer and its employees. In recent years, the organization introduced a robust aerial imagery program leveraging drones, manned aircraft and satellite technology to help enhance claims operational efficiencies. Farmers also announced in late 2017 the deployment of a virtual reality (VR) program to help train claims representatives for home damage assessments. The VR program is still being used today and has been a vital technological asset to continue to train claims adjusters during the ongoing COVID-19 pandemic. In addition to utilizing Spot for in-field claims use, Farmers will explore applications that could help first-responder organizations during scenarios such as post-event search and rescue operations, accessing areas to assess danger for first responders or others, and/or pre-inspections to assess safety for anyone in the general vicinity. About Farmers Insurance "Farmers Insurance®" and "Farmers®" are tradenames for a group of insurers providing insurance for automobiles, homes and small businesses and a wide range of other insurance and financial services products. Farmers Insurance Exchange®, the largest of the three primary insurers that make up Farmers Insurance, is recognized as one of the largest U.S. companies on the 2021 Fortune 500 list.

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INSURANCE TECHNOLOGY

Patra Partners with expert.ai to Develop Explainable and Practical AI Solutions for Policy Checking

Patra, expert.ai | February 18, 2021

Patra, a main supplier of technology-enabled services for the insurance business, and expert.ai, the chief artificial intelligence solution for natural language understanding and natural language preparing (NLU/NLP), today reported an organization that carries efficiencies to an assortment of insurance processes. This organization conveys AI-powered policy checking to the insurance market today. By brushing expert.ai's technology and expertise alongside the market force of the InsurConneXtions Alliance individuals, extra complex solutions are right now being produced for the business. Guaranteeing exact language understanding at speed and scale, expert.ai empowers worldwide associations to use its develop and demonstrated AI-based natural language (NL) stage to robotize the perusing, understanding, and extraction of significant information from organized and unstructured content to enlarge and grow experiences for each cycle that includes language. By incorporating expert.ai's front line AI capacities, Patra improves quality, lessens contact, and drives out shortcomings during the time spent physically inspecting and cross-approving handfuls to many pages of text for some random policy. These capacities encourage a more profound understanding of information, empowering beforehand unattainable experiences because of the tremendous and complex nature of language semantics. In cooperating, the two organizations are fulfilling the developing requests in the insurance business of utilizing progressed natural language and ML capacities to address difficulties in policy checking hazard openness. With near 80% of the data inside the insurance business being unstructured information, insightful robotization dependent on human-like understanding is a basic factor for upper hand, as it expands limit, decreasing failures and high-hazard weaknesses. By applying the force of artificial intelligence to policy checking, Patra is giving offices, wholesalers, MGAs, and transporters a superior understanding of their book of business and assisting them with understanding estimating practices and inclusion elements by hazard hunger. These abilities will release another age of chances, including proactive warnings versus receptive revelations. "With expert.ai, Patra is unlocking the ability for clients to be alerted of policy inaccuracies, reduce E&O exposures, drive cost savings, create additional value for our services, and push the limits of today's technology," said John Simpson, CEO and Founder of Patra. "Policy Checking has been one of the insurance industry's biggest challenges for decades. Now, with expert.ai and the formation of the InsureConneXtions Alliance, Patra has brought to market a proven leader in artificial intelligence, in addition to partnering with innovators in insurance industry to solve challenges that apply to every policy issued. Policy Checking is just the first of many services we are addressing." "We're honored to join forces with Patra, an innovation leader in insurance services, in delivering the next generation of AI technology for policy checking and review. And we see this as just the first step in working together to power language understanding in any application or process across the insurance value chain," said Walt Mayo, CEO of expert.ai. "The combination of expert.ai's long history of industry-best AI natural language understanding, and Patra's deep process expertise and customer focus creates an incredibly strong foundation for addressing real-world challenges in the insurance industry." 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Its unique hybrid approach to NL combines symbolic human-like comprehension and machine learning to transform language-intensive processes into practical knowledge, providing the insight required to improve decision making throughout organizations. By offering a full range of on-premise, private, and public cloud offerings, expert.ai augments business operations, accelerates, and scales data science capabilities, and simplifies AI adoption across a vast range of industries, including Insurance, Banking & Finance, Publishing & Media, Defense & Intelligence, Life Science & Pharma, Oil Gas & Energy, and more. The expert.ai brand is owned by Expert System (EXSY:MIL), that has cemented itself at the forefront of natural language solutions, and serves global businesses such as AXA XL, Zurich Insurance Group, Generali, Bloomberg INDG, BNP Paribas, Rabobank, Dow Jones, Gannett, and EBSCO.

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