INSURANCE TECHNOLOGY

Paragon Adopts CyberCube’s Broking Manager as its Cyber Analytics Tool

Business Wire | October 26, 2020

Paragon International Insurance Brokers has partnered with CyberCube to roll out Broking Manager, CyberCube’s market-leading cyber risks analytics platform for insurance intermediaries. Broking Manager will allow Paragon’s teams to quantify the sources and financial impact of cyber risk exposure and educate clients accordingly. The platform also produces reports that can be used to educate prospects and clients on potential sources of loss, recent and relevant cyber events, and peer-to-peer benchmarking. Pascal Millaire, CEO of CyberCube, said: It’s extremely exciting that Paragon has chosen to adopt Broking Manager as its cyber analytics tool. This is a forward-thinking business that’s clearly taken a long, hard look at both its and its clients’ cyber needs. We are looking forward to working with Paragon and developing the insights Broking Manager can deliver for its team.

Spotlight

This paper looks at research studies which have examined the amount invested in research and development, or company cultures of entrepreneurship and company learning, or general investment in forward-looking development. Do these result in a growth in the value of the same company over the short and long term time horizon? What factors are likely to be true in the insurance sector, and how should insurers be treating innovation and R&D as part of their growth plans?

Spotlight

This paper looks at research studies which have examined the amount invested in research and development, or company cultures of entrepreneurship and company learning, or general investment in forward-looking development. Do these result in a growth in the value of the same company over the short and long term time horizon? What factors are likely to be true in the insurance sector, and how should insurers be treating innovation and R&D as part of their growth plans?

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INSURANCE TECHNOLOGY

APOLLO Insurance Partners With Homewise to Offer Homebuyers Access to Integrated Digital Insurance

Apollo Insurance Solutions Ltd | September 15, 2021

Apollo Insurance Solutions Ltd. (“APOLLO Insurance”), Canada’s leading online insurance provider, has partnered with Homewise to offer immediate digital insurance products, specifically tailored to Canadian home buyers that use their website each year. Launched in 2019, APOLLO Insurance now offers the largest selection of online insurance in Canada, through brokers and integrated partnerships like this one. Through APOLLO, consumers can get a quote and purchase insurance in five minutes, from any device, 24/7. Homewise’s mission is to help Canadians save thousands on their mortgages, offering the best mortgage rates in Canada through their list of lenders. Homewise can now offer digital insurance to its thousands of users, through APOLLO. Homewise is exceptional at providing Canadians the best mortgage rate and services, creating a better experience for home buyers while also giving users the opportunity to save money,APOLLO is excited to partner with Homewise, as users can now access the right insurance product for them, entirely online, through APOLLO. - Director of Business Development Jill Carberry-Feldman. Launched in 2018, Homewise wanted to provide Canadians with a better mortgage process that puts the buyer first. Homewise introduced a simple mortgage process with the goal of saving Canadian’s time, confusion, and money. With the Homewise free platform, they do the work for their users, negotiating with their large list of lenders to find them a great mortgage that meets their unique needs. Homewise has provided mortgage advice to clients across Canada, with over $10 billion of home transactions. Homewise is changing the face of the home buyer marketplace and will continue to help Canadians move into their homes easily, confidently, and with extra money in their pocket. “We are excited to partner with APOLLO to provide even more options to our clients in their home buying journey while simplifying their experience. Focusing on our goal of saving clients time, confusion, and a lot of money,” - Co-Founder and CEO Jesse Abrams. APOLLO’s proprietary technology platform, the APOLLO Exchange, transacts insurance business in real-time and leverages extensive data and sophisticated algorithms to quote, collect payment, create and deliver policies. Thousands of types of small businesses and individuals are able to buy online without human intervention. About APOLLO Insurance APOLLO is Canada's leading online insurance provider. Our proprietary platform, the APOLLO Exchange, allows insurance agents and their customers to purchase their policy immediately, from anywhere, on any device, 24/7. Unlike traditional paper-based processes, APOLLO leverages extensive data and sophisticated algorithms to quote, collect payment, and issue policies for thousands of types of small business and individuals without human intervention.Through traditional agents and embedded finance partnerships APOLLO is redefining the distribution of insurance. About Homewise Homewise makes the mortgage process simple, all with the goal of saving Canadian’s time, confusion, and a lot of money. After applying online in only 5 minutes, Homewise searches the market of over 30 banks and lenders to find borrowers their best mortgage – tailored to their specific needs. Borrowers are also set up with a personal Homewise Advisor to guide them at each step. Whether it’s pre-approval, approval, refinance, or switch, Homewise makes getting the best mortgage simple.

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CORE INSURANCE

Southern States Insurance Exchange selects OneShield for core system transformation

OneShield Software | November 15, 2021

Striving to provide cost-effective insurance and a great member experience, Southern States Insurance Exchange ("The Exchange") has chosen OneShield Software's (www.OneShield.com) SaaS offering, OneShield Market Solutions, to replace its legacy policy management system. The Exchange seeks to transform its process and delivery platform to provide superior service with greater efficiency to its members and plans to implement OneShield's policy, billing, claims and reporting to support their commercial lines product portfolio, including general liability, commercial auto, inland marine, workers' compensation, and the AAIS Commercial Output Program. "Our members look to The Exchange for comprehensive insurance and risk transfer solutions to protect their agricultural businesses. OneShield's successful track record with digital transformation for regional commercial lines providers made them the clear choice in our technology vendor search." - John Madden, President of The Exchange. OneShield's SaaS offering provides end-to-end policy management (quoting, binding, and servicing), billing (invoicing through to payment), and claims administration (first notice of loss through to payment), including document management, reporting, and analysis. This approach delivers rapid implementation while allowing for customization to address the unique needs of regional commercial insurers within an all-in-one pricing model. "OneShield is excited to partner with The Exchange. This win reflects the advantage we offer insurers – cost-effective SaaS that addresses current requirements while ensuring the technology will be responsive as their needs change." - OneShield Chief Revenue Officer Liza Smith. About OneShield Software OneShield provides solutions for P&C insurers and MGAs of all sizes. Deployed in the cloud, our portfolio of standalone, subscription, and As-a-Service products include enterprise-class policy management, billing, claims, rating, product configuration, business intelligence, and smart analytics. OneShield automates and simplifies the complexities of core systems with targeted solutions, seamless upgrades, collaborative implementations, and lower total cost of ownership. With corporate headquarters in Marlborough, MA, and offices in India, OneShield has 70+ products in production across P&C and specialty insurance markets. About Southern States Insurance Exchange (The Exchange) The Exchange is a reciprocal insurance company that provides Property & Casualty Insurance and risk management solutions to its Ag-Industry members. Operating in 11 states, The Exchange has been insuring agribusiness since 1953.

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CORE INSURANCE

Partner Platform has Announced a Partnership with ePayPolicy

SIS, ePayPolicy | June 02, 2021

Now independent insurance agents using Strategic Insurance Software's Partner Platform agency management system can easily take digital payments making it convenient, simple, and secure for their insureds to pay premiums directly from the agency website, client portal, or agency mobile app. "Enhancing and improving our agency clients' ability to serve their insureds through technology is that the focus of the Partner Platform," said Bryce Lee, Director of Product Management for SIS. "We search for insurance technologies that complement Partner's innovative 'digital client experience' tools, including state-of-the-art client portal and mobile app. ePayPolicy may be a great example, through their system our clients' insureds can make payments regardless of where they're, or once they got to submit their payment." "Consumer demand for easy, paperless payments has been growing for decades, and our industry is now catching up to what's been standard practice in most other industries," said Todd Sorrel, one of ePayPolicy's founders. "In the same way that modern management systems like Partner Platform just 'make sense,' we believe ongoing, integrated digital payments also make sense, because it makes life easier for everyone involved, not just the insured." With this integration, ePayPolicy joins a growing list of "Partner Allies" that provide products and services which work together with the Partner Platform agency management system to enhance the independent agency's capacity to retain, grow, and service clients. These relationships are more than integrations – they are commitments from like-minded vendors collaborating to serve mutual clients and leveraging diverse strengths to enhance the experience of our agencies. About SIS Headquartered in Columbus, Ohio, Strategic Insurance Software (SIS) is the team behind Partner Platform -- the agency management system that sets independent agents free from the established order of over-paying and under-utilizing their agency software. "Partner" is more than a name – it's who we are About ePayPolicy Built by insurance professionals for the insurance industry, ePayPolicy is on a mission to replace paper checks for all agency billing. By offering a convenient, secure solution for independent agencies, brokers, MGAs, and premium finance companies, ePayPolicy is transforming how the independent insurance industry collects payments and sends funds.

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