Liberty Advisor Group announced a strategic alliance with CAC Specialty

Liberty Advisor Group | May 25, 2020

  • CAC Specialty and Liberty Advisor Group are creating a leading-edge solution for insurance clients.

  • This solution will enhance CAC Specialty's dedication to client service through a new real-time data analytics insurance platform.

  • Cybeta will further enhance the solution with their predictive and patent-pending Threat Alpha and Threat Beta metrics.


Liberty Advisor Group, a premier consulting firm, announced today a strategic partnership with CAC Specialty, an integrated specialty insurance brokerage and investment banking business.  Together, CAC Specialty and Liberty Advisor Group are creating a leading-edge solution for insurance clients.  This solution will enhance CAC Specialty's dedication to client service through a new real-time data analytics insurance platform.

The new platform will allow clients to analyze real-time information, enable better execution of risk and financing decisions through the combination of quantitative and qualitative tools alongside unique third-party data delivery.  This platform will also streamline legal processes and provide AI-powered document analysis to reduce time spent on risk management activities and improve operational capabilities. Built in collaboration with leading markets and customers, the platform will become the first step in the realization of a more highly digital client experience for all participants.


We are so excited to partner with CAC Specialty on this innovative, groundbreaking project. Our goal is to better serve the needs of brokers, underwriters and customers by bridging technology and customer needs with the power of data analytics.

- Chad Smith, CEO of Liberty Advisor Group.


Read More: Atlas General Insurance Services announced the formation of the Client Solutions Group


Cybeta, a cyber data science company affiliated with Liberty Advisor Group, will further enhance the solution with their predictive and patent-pending Threat Alpha and Threat Beta metrics.  Using a proprietary bottom-up methodology, Cybeta's Threat Alpha tool calculates the complete financial and business impact to a client's organization from a cyber-attack. It illuminates cybersecurity priorities by applying financial rationale to decisions and provides the facts and intelligence needed to make the best technology ROI decisions in real-time.


CAC Specialty executives have long held the vision of digitizing all elements of the insurance ecosystem - advisory, brokerage, service, operations through technology complimented by colleagues and clients. We are excited to partner with two world class firms in Liberty Advisors and Cybeta. With the addition of the data analytics platform, we will further enhance a key component of client experience by further enabling highly informed risk and risk financing decisions.

- Eric Joost, Executive Vice President, CAC Specialty.


Liberty Advisor Group is a goal-oriented, client-focused and results-driven consulting firm. Liberty has the experience to lead organizations through major transformations, from designing technical architecture through thoughtfully implementing change management processes.  This year, Liberty has been named to CIO Applications Top 10 BI and Analytics Companies and was named a Best Places to Work in Chicago.


Read More: Three major insurance groups push taxpayer-funded pandemic support


CybetaTM offers a suite of Cybersecurity products and services designed to help you keep your business off the Cyber 'X'. Based on decades of detecting and thwarting the activities of even the most advanced attackers, CybetaTM delivers the substantive cyber data science you need to make preemptive strategic and operational decisions.

CAC Specialty is an integrated specialty insurance brokerage and investment banking business focused on providing structuring expertise and placement capabilities across the spectrum of insurance and alternative capital markets. CAC Specialty serves large corporates, SMEs, private equity, and other alternative fund managers.

Spotlight

Since FL law only requires PIP coverage, many people don’t realize their insurance doesn’t provide the coverage they need until it’s too late. Here are a few things you need to know about accident coverage in the state of Florida.

Spotlight

Since FL law only requires PIP coverage, many people don’t realize their insurance doesn’t provide the coverage they need until it’s too late. Here are a few things you need to know about accident coverage in the state of Florida.

Related News

CORE INSURANCE,RISK MANAGEMENT

Betterview Announces Partnership with Risk Innovator JMI Reports

Betterview and JMI Reports | December 01, 2022

Betterview, the company leading P&C insurers rely on to identify and manage real property risk, today announced a partnership with JMI Reports, one of the largest providers of onsite property data to the insurance industry. Products from JMI Reports are now available on the Betterview Property Intelligence & Risk Management Platform, allowing users to optimize inspection efficiency in a single, intuitive user interface (UI). The innovative tools from JMI Reports allow insurers to understand, prioritize and act upon risks to predict and prevent future loss. One of these is QuickVUE, a self-inspection tool that empowers insurers to thoroughly understand property risk without consuming overwhelming amounts of data. Additionally, reliable inspection data from on-the-ground physical inspections is available on the Betterview platform. Using this integration, insurance companies can filter properties based on which require a physical inspection and which ones can be fast-tracked as solid risks. “The solutions from Betterview and JMI Reports are strengthened by synthesizing them within a single platform, Customers can work with their policyholders to get rapid, accurate views of real property risk. They can then consume that information directly within our platform, gaining an immediate and actionable view of every property in their book, and flagging those that need more attention. Any insurer that uses Betterview and JMI together will see great improvements in inspection efficiency, which should translate to an improved expense ratio as well.” -Betterview co-founder and chief operations officer, Dave Tobias JMI Reports also believes that the two companies are ideal partners. Both Betterview and JMI are in the business of understanding risk and helping insurers work better with their insured, Ultimately, we want to turn underwriters and agents into insurance heroes. By integrating QuickVUE and other inspection tools directly in the Betterview platform, I believe we are taking a positive step towards that goal,says Nathan Clark, president and CEO at JMI Reports. About Betterview: Betterview is the Property Intelligence & Risk Management Platform that leading P&C insurance companies depend on to identify and mitigate risk, improve operational and inspection efficiency, and build a more transparent customer experience throughout the policy lifecycle. By empowering insurers to automate pricing, underwriting, and renewal while focusing strategic action on critical properties, Betterview is transforming the insurance industry from Repair and Replace to Predict and Prevent. About JMI Reports: JMI Reports is a risk innovator providing property profiles and data insights to improve efficiencies and profitability for insurance carriers and MGAs. For more than 30 years, our mission has remained the same: to protect your blindside by listening to your needs and delivering actionable, forward-thinking, and cost-saving solutions that make a difference.

Read More

CORE INSURANCE, INSURANCE TECHNOLOGY

Zywave and DataCrest Announce Digital Forms Integration Between Partner Platform and AppEase

Zywave and DataCrest | September 29, 2022

Partner Platform, a Zywave company, and DataCrest, a leading P&C insurance tech provider, today announced a new integration between Partner Platform and AppEase digital forms to digitize the process of data collection for forms and supplemental applications. The integration of Partner Platform, a leading provider of web-based agency management systems and customer relationship management solutions for P&C insurance agencies, with AppEase, enables agents to increase efficiency to attract and retain more clients. "A top concern for agency owners is the efficiency of their teams, As their business partners, we continually look for ways to help them eliminate roadblocks and improve their processes across the entire lifecycle of selling and servicing policies. We are excited to announce this integration, which improves the experience for both the agent and insured." -Vice President of SIS Revenue Operations Michael Doran Tom Young, DataCrest's founder, adds, Supplemental applications and other documents slow down deal flow, are redundant and are not specific to the insured's operations. We are thrilled by the value this integration can bring to all involved and are confident we can help solve longstanding communications and application issues for agents and their clients. About Zywave Partner Platform was acquired by Zywave in June 2022. Zywave leads the insurtech industry, fueling business growth for its partners with cloud-based sales management, client delivery, content and analytics solutions. Zywave's all-in-one platform provides customizable, user-friendly options that enable insurance professionals to build a unique solution to fit their specific growth goals—their own Modern RevOps Machine. More than 15,000 carriers, agencies and brokerages worldwide—including all of the top 100 U.S. insurance brokerages—use Zywave solutions to enhance client services, achieve business growth and promote greater health, wellness, risk management and safety. About DataCrest DataCrest is a technology company built by P&C veterans to solve inefficiencies they have recognized in various roles over their careers. Those include solutions for commercial supplemental applications, Quote Bind Issue wizards, and claims probability analytics.

Read More

RISK MANAGEMENT

MetricStream and C-Risk Partner to Accelerate the Adoption and Value of Cyber Risk Quantification

MetricStream | November 01, 2022

MetricStream, the global market leader in integrated risk management (IRM) and governance, risk, and compliance (GRC), and C-Risk, a leading international authority in cyber risk quantification (CRQ), today announced a partnership to jointly offer MetricStream’s CyberGRC and C-Risk’s CRQ enablement and training services to customers. The combination of MetricStream’s CyberGRC that includes advanced CRQ and Simulation, and C-Risk’s enablement services will enable faster time to value and help operationalise CRQ initiatives for organisations. Cyber risk management has become a critical business issue for companies of all sizes and industries. However, decisions concerning insurance, controls to be implemented, investments in IT and security projects, tools, and resources are often made without understanding the plethora of risks that exists in each scenario and how a proposed solution can reduce those risks in monetary terms. CRQ, in particular the Factor Analysis of Information Risk™ (FAIR™) standard, allows modelling of risk scenarios and quantification of the financial impact using statistical and probabilistic techniques. "Cyber risk quantification is a decision support tool that helps organisations present risk in financial terms to general management, justify and prioritise cyber security budgets as well as optimise a company's cyber insurance. It is the obvious next step in the GRC program of any organisation wanting to improve its cyber security governance,” - Christophe Forêt, President of C-Risk CISO’s and cyber leaders across industries are looking to prioritise and address their cyber risks, as well as drive maximum ROI from their cyber investments, We are excited to partner with C-Risk to accelerate the value of MetricStream’s CRQ capabilities with targeted FAIR™ training and enablement,said Raghuram Srinivas, Senior Vice President, Product Management, MetricStream. About MetricStream MetricStream is the global SaaS (Software as a Service) leader of Integrated Risk Management and GRC solutions that empower organizations to thrive on risk by accelerating growth via risk-aware decisions. We connect governance, risk management and compliance across the extended enterprise. Our ConnectedGRC and three product lines – BusinessGRC, CyberGRC, and ESGRC – are based on a single, scalable platform that supports you wherever you are on your GRC journey. MetricStream is headquartered in San Jose, California, with an operations and R&D center in Bangalore, India, and sales and operations support around the globe. About C-Risk: C-Risk provides solutions to quantify information security and technology risk in financial terms. We help organisations understand information risk in business terms, decide how to prioritize investments to improve cyber resilience and information security compliance. Recognized internationally for its expertise in cyber risk quantification (CRQ), C-Risk offers training on the FAIR™️ methodology, CRQ as a Service as well as Cyber Risk Quantification Enablement Services to help organization build their internal risk quantification capabilities and improve their overall information security governance.

Read More