EXL, Benekiva | February 17, 2021
EXL, a main operations management and analytics organization, today declared an association with Benekiva, a software startup zeroed in on giving seamless technology solutions to financial services, to upgrade the digital claims capabilities of EXL's LifePRO® policy administration platform.
The association will join the start to finish policy management capabilities of LifePRO® with Benekiva's digital claims solutions, which incorporate work processes, record digitization, and claims admission to give a more powerful, effective claims insight for the two clients and representatives.
Homesteaders Life Company, a public chief in preneed protection subsidizing and LifePRO® customer, has just started seeing advantages from the EXL and Benekiva partnership
“We’ve seen the combination of Benekiva and LifePRO® transforming customer experience and enhancing customer journeys,” stated Nick Gerhart, Executive Vice President and Chief Innovation Officer, Homesteaders Life Company. “It’s also enhanced our resilience. When we shifted to remote work during the pandemic, our employees were able to seamlessly continue to pay claims and keep functioning.”
“We are excited to augment our digital claims management capabilities through this partnership with Benekiva,” said Keith Johnson, Senior Vice President and head of digital insurance solutions and LifePRO®, EXL. “A major component of our success in the policy administration space stems from the way we ensure fast, accurate resolution for customers’ claims. Benekiva will help us amplify the customer and beneficiary experience within our digital claims solutions.”
Said Brent Williams, CEO, and President, Benekiva, “EXL is a global leader in insurance across operations, analytics, and technology with a two-decade track record of innovation in areas of policy administration and claims, through their LifePRO® platform. We are excited to partner with EXL to bring a more digitized and seamless claims experience to the insurance market. We look forward to bringing the same great benefits Homesteaders Life Company has experienced from this partnership to other LifePRO® clients.”
EXL's LifePRO® offers adaptable help for an expansive scope of life, wellbeing, and annuity items. With an adaptable help based design highlighting a library of more than 250 REST and ACORD digital services and minimized single-reason services for regions including policy servicing, party upkeep, specialist and chain of importance management, and item arrangement, the platform furnishes back up plans with security, versatility, and configurability. An electronic UI gives a 360-degree perspective on clients and specialists and is planned considering ADA consistence. EXL is ceaselessly putting resources into and improving LifePRO®, with the platform now on its twentieth rendition.
About Homesteaders Life Company
Homesteaders Life Company is a national leader providing products and services to promote and support advanced funding of funeral planning and end-of-life expenses.
Benekiva, LLC, was founded in 2018 to offer smart, elegant, and powerful technology solutions to insurance providers. It has since developed a comprehensive digital claims and customer service platform to service all of the document management, compliance, workflows, adjudication, and claims issues related to the insurance industry. The company is headquartered in West Des Moines, Iowa, with a satellite division in Winston-Salem, North Carolina.
EXL is a leading operations management and analytics company that helps our clients build and grow sustainable businesses. By orchestrating our domain expertise, data, analytics, and digital technology, we look deeper to design and manage agile, customer-centric operating models to improve global operations, drive profitability, enhance customer satisfaction, increase data-driven insights, and manage risk and compliance. Headquartered in New York, EXL has more than 31,000 professionals in locations throughout the United States, the UK, Europe, India, the Philippines, Colombia, Australia, and South Africa. EXL serves multiple industries, including insurance, healthcare, banking, and financial services, utilities, travel, transportation and logistics, media, and retail, among others.
Cowbell Cyber | February 23, 2022
Cowbell Cyber, the industry's first AI-powered cyber insurance provider for small to medium enterprises (SMEs), announced it has partnered with Smart Choice – one of the nation's leading insurance agency networks – to distribute its standalone cyber coverage and risk monitoring services. Now, Smart Choice's network of 9,000 agency partners across 45 states have access to Cowbell Prime 100, Cowbell's flagship standalone and admitted cyber insurance product.
Smart Choice selected Cowbell Cyber because of the company's robust standalone cyber portfolio which brings the following advantages to Smart Choice agents and policyholders:
Speed: Cowbell Prime enables Smart Choice agents to prepare multiple, customized quotes in a few clicks.
No binding delays: Every quote issued by Cowbell Prime can be instantaneously bound with quote, bind and issue capabilities done within minutes.
Ease of use and transparency: Selling of cyber insurance is simplified with coverages that are presented to policyholders in an easy to understand manner, along with Cowbell Factors to identify risk deviation from the industry average.
The wealth of risk management resources for policyholders including: continuous risk assessment and monitoring, cybersecurity awareness training program for employees, access to Cowbell's risk engineering advice and more.
"We're excited to be partnering with Smart Choice to deliver customized cyber coverage and easy-to-use risk management tools to their large and ever-growing agency network, Partnering with Smart Choice also allows us to better distribute cyber insurance, making sure all small to medium-sized businesses have access to relevant cyber coverages."
-Dan Law, Vice President of National Accounts at Cowbell Cyber.
"Cowbell Cyber's insurance programs are a perfect fit with what agents and policyholders are asking for: speed, ease of use, clarity and relevance, Additionally, we know that Cowbell Cyber equips our policyholders with best-in-class risk management tools and resources to keep our policyholders' cyber resilience up-to-speed with the changing cyberthreat landscape."
-Oliver Travieso, VP of Commercial Lines at Smart Choice.
About Smart Choice
The Smart Choice® Agents Program is a wholly owned program of Worldwide Insurance Network, Inc. (WIN), headquartered in High Point, North Carolina. They currently serve over 9,000 agency partners in 45 states. For more information, visit www.smartchoiceagents.com.
About Cowbell Cyber
Cowbell Cyber offers standalone, individualized, and easy-to-understand cyber insurance for small and mid-size enterprises. In its unique AI-based approach to risk selection and pricing, Cowbell's continuous underwriting platform, powered by Cowbell Factors, compresses the insurance process from submission to issue to less than 5 minutes. Cowbell Insurance Agency is currently licensed in 50 U.S. states and the District of Columbia. Cowbell Reinsurance Company is a licensed insurance captive in the State of Vermont.
Sapiens, Atidot | April 22, 2021
Sapiens International Corporation, a main worldwide supplier of programming answers for the protection business, reported today a concurrence with Atidot, a cloud-based SaaS supplier of AI and AI answers forever and annuity backup plans. The association works with new ways for North American and European safety net providers to produce income through examination and noteworthy bits of knowledge.
The joint arrangement enables life and annuity safety net providers to boost the worth they acquire from their books of business. The arrangement produces significant experiences empowering better assistance for policyholders and new income age as it is coordinated with Sapiens CoreSuite for Life Insurance, Sapiens IllustrationPro, just as Sapiens' examination and advanced contribution.
"Sapiens continually means to mine innovations and give best in class answers for its client base and adds esteem through a broad environment of insurtech new companies. Coordinating Atidot's AI and prescient investigation stage with our center set-up of items empowers life backup plans to improve productivity and offer better assistance to their clients," said Roni Al-Dor, Sapiens president and CEO.
Established by a group of information researchers and veteran statisticians, Atidot offers a cloud-based stage that gives information-driven bits of knowledge to advise dynamic, drive new business methodologies, and make new income streams utilizing AI, AI prescient examination innovation. Atidot works with driving Tier 1 disaster protection organizations in North America and Europe and was chosen in 2020 by Gartner as "Cool Vendor 2019 in Insurance."
"We are eager to collaborate with Sapiens to empower clients to push ahead to the information time. Atidot carries problematic development to the life coverage industry, giving a stage that will help improve productivity and personalization of arrangements and adopt a proactive strategy to chance decrease," said Dror Katzav, Atidot Co-Founder and CEO.
Together, Sapiens and Atidot offer a one-of-a-kind programming arrangement that is dynamic, constant, and prepared with industry information. The joint stage use outside information and AI abilities to give business experiences a long way past those that conventional investigation techniques utilizing static demonstrating can show. The arrangement applies to associations' advertising, dispersion, item, and information offices.
Sapiens CoreSuite Life Insurance works with computerized change and quick an ideal opportunity to-an incentive for advanced systems. It empowers life transporters to become drawn in, coordinated associations with expanded deals openings. By incorporating CoreSuite with Sapiens progressed examination arrangement and information stockroom, guarantors can rapidly create significant experiences, self-administration business insight, and information revelation capacities, across every cell phone, remembering for the cloud.
Atidot is a pioneer in the prescient examination, computerized reasoning, and AI answers for the life coverage and annuity industry. Atidot's cloud-based stage gives safety net providers information-driven, significant bits of knowledge that set out new income-producing open doors to expand deals and client maintenance. Atidot arrangements likewise give a profound comprehension of backup plans' item situating and serious scene, empowering transporters to change their item technique and respond rapidly to changing economic situations and rivalry. Atidot works with Tier 1 industry pioneers in North America and Europe and was chosen by Gartner to be "Cool Vendor 2019 in Insurance." The organization has workplaces in California, London, Spain, and Israel.
Sapiens International Corporation engages backup plans to prevail in a developing industry. The organization offers computerized programming stages, arrangements, and administrations for the property and loss, life, benefits and annuity, reinsurance, monetary and consistency, laborers' pay, and monetary business sectors. With over 35 years of involvement conveying to more than 600 associations around the world, Sapiens has a demonstrated capacity to fulfill clients' center, information, and advanced prerequisites.