Concord Specialty Risk bolsters tax insurance practice

Concord Specialty Risk | December 12, 2019

Concord Specialty Risk has announced the appointment of Matthew Edgette as vice president of tax insurance underwriting. Edgette will take a leading role in Concord’s tax insurance practice and will be based in New York. Prior to joining Concord, Edgette led tax insurance underwriting for Allied World Insurance Company. He has also served as manager of M&A tax services at KPMG. “Matthew has the requisite knowledge of tax law, underwriting savvy, people skills, and passion to lead Concord’s tax insurance practice during this opportunistic time to expand,” said David S. De Barry, CEO of Concord Specialty Risk. “We are excited to have the experience, skillset, relationships and gravitas that Mr. Edgette brings with him.”

Spotlight

The global impact of the COVID-19 pandemic has and will continue to adversely impact communities and businesses of all sizes. Thomas Heck, a Partner in the KPMG Forensic practice explains how sound loss management practices can significantly benefit organizations in recovering from the impact of COVID-19. This includes the challenge of compiling and dealing with complex insurance claims related to losses sustained at their facilities, extra expenses incurred, and business interruption losses.

Spotlight

The global impact of the COVID-19 pandemic has and will continue to adversely impact communities and businesses of all sizes. Thomas Heck, a Partner in the KPMG Forensic practice explains how sound loss management practices can significantly benefit organizations in recovering from the impact of COVID-19. This includes the challenge of compiling and dealing with complex insurance claims related to losses sustained at their facilities, extra expenses incurred, and business interruption losses.

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ANNUITIES

Everest Group Names Accenture a Leader for Application and Digital Services in Life & Annuities Insurance

Accenture | January 06, 2021

Accenture has been named a Leader and Star Performer for application and digital services in the global life and annuities (L&A) insurance sector in another report from industry analyst firm Everest Group. Everest Group analyzed the vision, capability and market impact of 21 leading IT application and digital service providers for the L&A Insurance Application and Digital Services PEAK Matrix® 2021 report. Accenture is positioned as a Leader and Star Performer for Market Impact, which assesses service providers against criteria, for example, market adoption, portfolio blend and value to clients; and for Vision and Capability, which includes measures, for example, strategy, service scope, innovation and investments, and delivery. “We’re thrilled to be recognized for our leading capabilities in helping insurers embrace change and compete with the latest technologies and digital experiences,” said Steve Murphy, a senior managing director at Accenture and global technology lead for its Insurance industry group. “The pandemic has only accelerated the need for convenient and personalized digital services from life and annuity providers. We’re continuing to help insurers modernize their legacy technology systems with cloud-centric business models and reimagine the customer experience with analytics.” Service providers are positioned on Everest Group's PEAK Matrix®, which measures their vision, capability and market impact. The report and PEAK Matrix assessment furnish organizations with a framework to measure the relative market impact and capabilities of service providers around the world. About Accenture Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services—all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 514,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.

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INSURANCE TECHNOLOGY

InsurTech EasySend strengthens in Japan by establishing a Japanese entity in order to accelerate digitization within the Japanese financial industry

EasySend | June 13, 2022

EasySend Ltd. (Headquarters: Israel, CEO & Co-Founder: Tal Daskal, "EasySend"), an InsurTech company supporting the digitalization of the insurance and financial industries, has established a Japanese entity, EasySend Godo Kaisha in Tokyo. With Kazuyo, Yamashita as Director of Business Development in Japan, EasySend will further expand its customer base and partner companies in Japan and promote the digitalization of the financial industry in Japan including insurance companies and banks by leveraging its knowledge and experience in the global market, while addressing Japanese laws and market needs such as privacy data and security. The importance of digitalization is widely recognized in the insurance and financial industries, with strategies to simplify, accelerate, and automate business processes. Driven by Covid 19, the industry has also been rapidly strengthening non-face-to-face channels and digitizing and automating administrative procedures of various forms in paper and PDF, contract processing and payment claims. EasySend meets the needs of these insurance companies and financial institutions by providing a no-code development platform that does not require programming expertise. In particular, EasySend supports digitization by streamlining customer data intake and automating workflows that previously required paper forms into web forms and workflows in a short period of time and at a low cost. EasySend's platform has already been implemented by dozens of insurance companies and banks in Europe, the U.S., and Israel. In Japan, EasySend's platform has been implemented by Sompo Japan Insurance Inc. Toppan Forms Co., Ltd. has also signed a distributor agreement. EasySend's platform allows non-system developers to quickly and easily develop systems with intuitive drag-and-drop operations and simple configuration, reducing a company's five-year digital transformation plan to just three months, speeding service delivery, reducing system development and operations costs and improving customer services, resulting in the increase in the revenue. It also leverages a cloud-based, no-code builder that leverages third-party integrations, and analytics to address increasingly diverse and complex customer needs, giving it a competitive advantage over its competitors. EasySend also connects to Salesforce CRM to pre-populate fields, collect electronic signatures, initiate journeys, and optimize results. Enterprises can initiate the digital process through their website, email, SMS or CRM and the customers can start the process from any device, at any place or time. EasySend's platform keeps personal and corporate information secure with strict security measures that comply with Japanese and international standards. The establishment of EasySend's presence in the important Japanese market will allow us to build relationships with many companies, including Japanese insurance companies and financial institutions. EasySend is a digitalization expert in the insurance and financial industries. EasySend shortens sales cycles, reduces manual work, and increases brand loyalty." Tal Daskal, EasySend's CEO. By using EasySend, we are smoothly digitizing our traditional paper-based operations without major changes to our workflow. The file upload function, check boxes, electronic signatures, and other useful tools have made implementation easy. We also feel that intuitive operations such as copy and paste and drag and drop allow us to develop sophisticatedly designed web flows without advanced digital skills." Akiyuki Matsuda, Data Business Group, DX Promotion Department, Sompo Japan Insurance Inc. About EasySend EasySend is a no-code platform that empowers organizations to transform complex forms, customer data intake and signature collection processes into easy digital experiences. By collecting customer data and signatures in a way that seamlessly integrates into internal systems and processes, EasySend empowers organizations to automate workflows and streamline customer interactions.

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INSURANCE TECHNOLOGY

Insight Risk Implements ChainThat's Beyond Policy Administration Platform

Insight Risk | June 29, 2022

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