CORE INSURANCE, INSURANCE TECHNOLOGY
Accesswire | May 04, 2023
CogniSure AI, a leading provider of insurance document extraction and analytics solution provider, has entered into a partnership with market-leading no-code platform provider, Innoveo, to drive underwriting efficiencies and pricing accuracy for commercial insurers.
CogniSure's Submission Insights platform unlocks understandings trapped in unstructured documents such as loss runs, applications, schedules, and SOVs - in real time with high accuracy levels. The enhanced submission data output is integrated into Innoveo's Digital Underwriting Workbench accelerator that automates underwriting workflows to deliver a frictionless and end-to-end digital experience for underwriters.
This partnership thus combines the power of two revolutionary technologies - the no-code capabilities of Innoveo with the AI-powered automation capabilities of CogniSure. The pre-built integration between CogniSure and Innoveo will help insurers cut down the time and cost of processing submissions and boost underwriting capacity while allowing underwriters to focus on risk analysis and decision-making.
"We are excited to partner with Innoveo who is committed to the cause of improving time to value and innovation for the insurance industry. We are thoroughly impressed by their no-code capabilities, and I believe the unique combination of our solutions will maximize value for commercial insurers driving superior underwriting outcomes," said Sai Raman, Founder & CEO, CogniSure.
"Innoveo's Digital Underwriting Workbench integrated with CogniSure's Submission Insights platform is a great example of the Insurtech ecosystem at work," said Thiru Sivasubramanian, Chief Solutions Officer, Innoveo. "The integrated offering is truly a winning proposition for Commercial Insurers as it accelerates digitization through trained ML models and enhances efficiency of submission intake and underwriting for the industry."
We believe you can build modern applications that deliver digital experiences and drive business growth without having to write any custom code. That's why it's our mission to empower enterprises in complex and regulated industries to re-imagine application development by enabling them to be connected, innovative, quick, and nimble. Backed by leading investors including Everstone Capital and Paulson & Co, Innoveo's cloud-based, AI-enabled no-code platform is currently in production globally at over 30 industry leaders across insurance, financial services, healthcare, and real estate. With Innoveo, you'll get the solutions and industry expertise you want, plus a little extra: a thoughtful, no-nonsense experience delivered with a refreshing dose of honesty. For more information, visit: www.innoveo.com.
About CogniSure AI
CogniSure helps commercial lines companies to transform unstructured insurance documents into actionable insights. Its deep learning algorithms accurately extract, normalize, validate, and analyze data from documents to develop insights that will enhance risk decision-making capabilities, improve customer experience and prevent losses. For more details, please visit www.cognisure.ai.
CORE INSURANCE, INSURANCE TECHNOLOGY
Businesswire | March 17, 2023
Inszone Insurance Services: a rapidly growing, national provider of benefits, personal and commercial lines insurance, announced today the acquisition of Larry Fu Insurance Agency, Inc. The addition of Larry Fu Insurance Agency to the Inszone Insurance team is a strategic move that brings together two trusted insurance providers with a shared commitment to exceptional customer service.
Founded in 1979, Larry Fu Insurance Agency has built a strong reputation as a family-owned and operated business, providing exceptional service to its clients for over 40 years. Larry and Shirley Fu started their business from the ground up, and their dedication and hard work have earned them a loyal clientele from all over the Bay Area and Southern California.
"Larry Fu Insurance Agency has a long-standing reputation for exceptional customer service and market expertise, making them a perfect fit for Inszone Insurance," said Chris Walters, CEO of Inszone Insurance Services. "Their values align with ours, and we are excited to welcome the Larry Fu Insurance team to the Inszone Insurance family."
As part of the acquisition, clients of Larry Fu Insurance Agency can expect to receive the same exceptional service and care they have come to expect from Larry Fu Insurance Agency, now under the Inszone Insurance brand. This acquisition is just one of many that Inszone Insurance Services plans to make as it continues to expand its national footprint and serve clients with exceptional insurance placement capabilities and personalized service.
About Inszone Insurance Services
Founded in 2002 and headquartered in Sacramento, California, Inszone is a full-service insurance brokerage firm that provides a broad array of property & casualty insurance, along with employee benefits solutions. With a strong, experienced management team, Inszone continues to grow organically, as well as through acquisitions. With 40 locations across California, Arizona, Nevada, Utah, Colorado, Michigan, Missouri, Oregon, Texas, and Illinois, the company is looking to further expand throughout the United States.
CORE INSURANCE, INSURANCE TECHNOLOGY
Globenewswire | June 06, 2023
Westland Insurance, Canada’s leading independently-owned brokerage, today announced that it acquired MYCOR Insurance Solutions Inc. and Murphy Insurance Services Inc. effective June 1. With these acquisitions, Westland continues to grow across Canada.
MYCOR Insurance is a Toronto -based, full-service P&C brokerage with seven locations across Ontario, Alberta, and Saskatchewan. They focus on providing unique insurance and risk management solutions to the Commercial marketplace, with a distinctive niche in a variety of commercial specialty programs with high client retention rates.
Serving the Simcoe and Muskoka areas in Ontario since 1981, Murphy Insurance is a boutique full-service P&C insurance brokerage that specializes in advisory-based solutions across a number of key Commercial segments, as well as VIP Personal Lines.
“It’s with much excitement that I welcome MYCOR Insurance and Murphy Insurance to Westland,” says Jamie Lyons, President & CEO of Westland Insurance. “Both brokerages have tremendous leadership, entrepreneurial cultures, and offer unique value to their clients. The opportunity to better serve Canadians through dedicated, client-first brokerages like these is what drives us to continue expanding from coast to coast. We’re thrilled to have the MYCOR and Murphy Insurance teams join the Westland family.”
Westland continues to invest in and grow its business in Canada, both organically and through strategic acquisitions.
About Westland Insurance Group
Westland Insurance Group is one of the largest and fastest-growing independent insurance brokers in Canada. Trading over $3 billion of premium, Westland continues to expand coast to coast. Westland's brokers provide expertise and advisory-based services across commercial, personal, employee benefits, farm, and specialty insurance segments. Since its founding in 1980, Westland has remained committed to supporting its clients, industry partners and local communities. For more information, please visit westlandinsurance.ca.