Chubb makes Incident Alert tool available to excess casualty clients

Chubb | February 14, 2020

Chubb has announced that its Incident Alert tool is now available for excess casualty clients. The tool has previously been used by Chubb environmental and cyber clients. It assists clients during a catastrophic event by helping to identify qualified response contractors, manage clean-up efforts and mitigate potential liabilities, Chubb said. “Catastrophic losses can happen unexpectedly and at any moment,” said Joe Fobert, executive vice president of Chubb Excess Casualty. “When these events do occur, companies need to have the proper resources ready to deploy at a moment’s notice. A quick response is critical to minimizing exposures and managing the costs of such events. With Chubb’s Incident Alert, we can help our customers minimize disruption to their business, allowing them to focus on returning to normal operations.”

Spotlight

Are you an insurance agent looking to streamline your workflow and improve your business operations? In this video, we discuss the importance of using an agency management system and the benefits it can provide, including increased efficiency, improved accuracy, enhanced client experience, and better compliance. We also provide tips and best practices for using an agency management system, including choosing the right system, keeping your data clean, training your staff, and integrating with other systems. Watch now to learn more about how an agency management system can help you succeed as an insurance agent.

Spotlight

Are you an insurance agent looking to streamline your workflow and improve your business operations? In this video, we discuss the importance of using an agency management system and the benefits it can provide, including increased efficiency, improved accuracy, enhanced client experience, and better compliance. We also provide tips and best practices for using an agency management system, including choosing the right system, keeping your data clean, training your staff, and integrating with other systems. Watch now to learn more about how an agency management system can help you succeed as an insurance agent.

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Socotra Connected Core, the First Insurance Policy Core Platform Available in AWS Marketplace

Businesswire | May 19, 2023

Socotra, Inc. announced availability of their insurance policy core platform Connected Core in AWS Marketplace. This move will make it easier for insurers to adopt the platform, resulting in faster implementation times and improved efficiencies. AWS Marketplace is a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS). Socotra's availability in AWS Marketplace is an important step forward in the company's mission to serve the insurance industry through better innovation and technology. It further solidifies Socotra's position as a leading provider of modern enterprise insurance platforms, offering insurers the ability to quickly launch new products, reduce operational costs, and improve customer experiences. Socotra's Connected Core is built on a modern cloud-native architecture, providing insurers with greater flexibility and agility to adapt to evolving market conditions. The platform is highly configurable, enabling insurers to rapidly launch new products and services, and automate underwriting, billing, and claims processes. “For years, Socotra has valued and enjoyed our enduring relationship with AWS. As we introduce this new facet to our relationship, we believe AWS Marketplace opens the door for insurer customers to leverage Socotra’s Connected Core to modernize and speed their product and service offerings to market,” said Mike Benayoun, Director of Partnerships at Socotra. “AWS Marketplace provides our customers a trusted, convenient, and standardized means of purchasing our software, while confidently deploying on AWS.” This news comes on the heels of the recent launch of Socotra CorePlus, a line of complete insurance IT solutions designed for Homeowners and Auto, composed of Socotra Connected Core, seamlessly integrated via Socotra App MarketPlace with industry-leading software and data providers. Socotra CorePlus is designed to decrease risk and costs, while increasing speed-to-market and standardization. Through the new availability in AWS Marketplace, insurers can shorten procurement times, implement the controls needed to operate with confidence, and enable their organizations to unlock innovation. About Socotra Socotra brings unparalleled speed, flexibility, and choice that gives insurers more control over their businesses. With Socotra’s complete insurance solutions, insurers and MGAs of all sizes can accelerate product development, reduce costs, and improve customer experiences. Socotra provides open APIs, a product-agnostic data model, and out-of-the-box capabilities to manage the entire policy lifecycle, making insurance innovation faster, easier, and more affordable.

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Forbes Advisor Recognizes IMG’s Travel Insurance for Second Time

IMG | March 01, 2023

On February 28, 2023, International Medical Group (IMG), an insurance services provider, was awarded Forbes Advisor's Best of 2023 Awards in the category of travel insurance companies. Forbes Advisor has recognized it for the second year in a row. IMG's iTravelInsured Travel LX plan has particularly attracted the attention of Forbes Advisor. It is an excellent travel insurance solution for dog owners and a popular insurance plan of IMG. It provides insurance coverage for additional kennel fees, which a pet needs on a trip delay for an extended stay at a commercial kennel. In addition, it offers trip cancellation and interruption benefits and is applicable only when the service animal or pet suffers an injury, sickness or death during the trip. Forbes Advisor is a trusted insights provider for finance and businesses through news, reviews and advice, assisting consumers with smart decisions and perfect products for their choice without effort. Forbes Advisor's awards recognize the company after in-depth analysis for being an impartial consumer champion. Its experienced reporters and editors have a keen eye on product features and consumer experience in the industry. With years of dedication, people expect authentic financial news and guidance from it. The recognition from Forbes Advisor represents that the brand has strong support and establishment in the business and consumer finance community. IMG's Director of International Sales – Travel, Grant Hayes said, "IMG is honored to be recognized once again as one of the best travel insurance companies in the market." He added, "Our iTravelInsured Travel Series is a market-leading line of travel protection plans designed to meet the varying needs of travelers while they're away from home." (Source – Cision PR Newswire) IMG's Chief Commercial Officer, Scott Ackerman said, "At IMG, we understand that pets are like family. Our pet-related benefits set us apart from the competition and are valued greatly by our customers." He added, "Being recognized as a travel insurance company that is great for dog owners is truly a testament to the many unique benefits we offer our customers through our travel protection plans." (Source – Cision PR Newswire) About IMG Headquartered in Indianapolis, Indiana, IMG, an insurance company, offers solutions for expatriates, international students, missions organizations, marine crews, corporate group insurance, cost containment, stop loss insurance, medical management, assistance services, medical evacuation, travel insurance, and international medical insurance. It has provided insurance benefits and assistance services worldwide since 1990. Its well-known services are travel and health safety solutions, with insurance programs like international private medical insurance, trip medical insurance, and services like enterprise and insurance administrative services, 24/7 emergency medical, security, and travel assistance.

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Cover Whale Partners with TrustedChoice.com to Provide Tailored Coverage Plans to Truck Drivers

PRnewswire | March 27, 2023

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