Capital Insurance Group names agency of the year

Capital Insurance Group | March 11, 2020

Capital Insurance Group (CIG), a regional P&C insurer serving the Western US, has announced that it has selected, from among its partner agencies, its Agency of the Year for 2019. CIG has named Willow Glen Insurance Agency as 2019’s top agency, in recognition of the agency’s “overall excellence servicing policyholders, their commitment to the communities they serve, and their outstanding partnership with CIG,” a release said. “Our success for over 120 years has only been made possible by partnering with outstanding agencies like Willow Glen Insurance Agency who shares in our mission to protect and restore our communities,” said CIG president and CEO Arne Chatterton.

Spotlight

AI can improve productivity and help in decision making through training datasets. According to the survey of the Dataconomy, nearly 81% of 225 data scientists found the process of AI training more difficult than expected even with the data they had. Around 76% were struggling to label and interpret the training data.

Spotlight

AI can improve productivity and help in decision making through training datasets. According to the survey of the Dataconomy, nearly 81% of 225 data scientists found the process of AI training more difficult than expected even with the data they had. Around 76% were struggling to label and interpret the training data.

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Fennia Mutual Insurance Company and CGI expand their Strategic Relationship for IT managed services to drive digitization

Cision PR Newswire | October 06, 2020

CGI and Fennia Mutual Insurance Company have expanded their strategic relationship. CGI will assume responsibility for a majority of Fennia's IT services under a contract valued at approximately 48 million euros. Under the new agreement, CGI will manage Fennia's application development and maintenance services and also provide support services for Fennia's end-users and operating environments. Fennia will benefit from CGI's strong combination of business consulting, systems integration and managed IT services to support its ambitious digital transformation journey. The agreement also includes the transition of about 60 Fennia IT employees to CGI.

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OWIT Global Releases New Cloud Based Insurance Specific Microservices

Business Wire | October 14, 2020

OWIT Global, a provider of insurance-specific microservices solutions for the global insurance industry, is pleased to announce the immediate availability of its new version of the Integration microservice which is designed to support the industry’s need to create and manage system integration needs. The OWIT Global Integration microservice contains insurance-specific, pre-programmed interfaces to popular insurance services, such as CoreLogic MSB, Experian, Google Geo, Maprisk, and OFAC. The microservice also has pre-programmed interfaces to popular industry solutions. OWIT Global’s Integration microservice provides the ability to configure the connection to any relational database, for example, OneDrive, Excel, and external rating engines. The microservice supports XML, JSON, Value, Excel, CSV, with SQL data scheduled. The data elements are managed through the integrated OWIT Global Rules microservice and through a “no-code” tool to define the massaging, conversion, and transformation of all incoming and outgoing data. All OWIT Global microservices use the integration microservice to connect with each other and with external systems. Additionally, by leveraging the OWIT Global Integration microservice, insurers can configure and alter integrations between internal and external systems.

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INSURANCE TECHNOLOGY

Oakbridge Insurance Partners with Brock Insurance Agency

Oakbridge | June 15, 2022

Oakbridge Insurance Agency announced a new partnership with Brock Insurance Agency. Brock Agency is an independent agency with corporate offices in Rossville, Georgia, Chattanooga, Tennessee, and Savannah. This partnership establishes Oakbridge’s first presence in Tennessee and also promotes the agency’s continued Southeastern expansion. We are very excited to join Oakbridge and have been working with Oakbridge's founding firms for over a decade, and this partnership is evidence of the trust and bond we have built and will continue to nurture." Brock's President Mark Brock. For the past three years, Brock has been recognized by Independent Insurance Agents & Brokers of America as a Best Practices Agency and a top performer in their revenue category in 2021. As a result of the agreement, Brock gains access to extra resources and initiatives and a network of like-minded professionals dedicated to offering innovative solutions for their clients. The alliance doubles Oakbridge's employee benefits presence in the region and complements the firm's focus on construction, real estate, manufacturing, charities, and energy. About Oakbridge Insurance Agency Oakbridge Insurance Agency LLC is a fast-developing partnership model for organizations seeking expedited growth, access to finance, and an expanded array of capabilities to service clients. Oakbridge is one of the region's largest privately-owned insurance, risk management, and employee benefits businesses, having been named a "Top 100" insurance brokerage by Business Insurance and Insurance Journal magazines. Agriculture, bond/surety, construction, financial, health care, manufacturing, municipalities, non-profit, senior living, and transportation are among the areas where the agency has specific experience. Visit oakbridgeinsurance.com for more information.

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