Akur8 | June 23, 2021
wefox Insurance and Akur8 are excited to report their coordinated effort, as a vital achievement to reinforce wefox Insurance's pricing process. This arrangement further builds up the presence of Akur8 in Germany, and shows the broadness of Akur8 use cases, working together with a completely advanced neo-guarantor.
Explicitly produced for insurers, Akur8's answer improves their pricing processes via computerizing hazard and request demonstrating, utilizing straightforward Artificial Intelligence proprietary technology. The center advantage for insurers is more noteworthy speed-to-exactness, while keeping up with full straightforwardness and control on the models made.
With Akur8, wefox Insurance further builds up their administration levels to clients and conveyance accomplices. wefox Insurance furnishes dispersion accomplices with custom fitted taxes, exact and designated pricing and high reactivity. Akur8 further backings wefox in its interest to severe endorsing discipline through giving an altogether robust pricing process.
The coordinated effort among Akur8 and wefox Insurance was worked with by Munich Re. This supports Munich Re's vision of key reinsurance organization including best in class counseling administrations by cooperating with their customers along the entire worth chain.
Akur8 is revolutionizing insurance pricing with transparent AI. Akur8 developed a unique AI-based insurance pricing solution that automates modeling for insurance companies while keeping full transparency and control on the models created, as required by regulators worldwide. Akur8 is the only solution on the market reconciling Machine Learning and Actuarial worlds.
About wefox Insurance
wefox Insurance is a digital real-time insurer. Brokers and end customers can take out paperless insurance within a few minutes. Damages are reported digitally and in more than 60 percent cases are settled on the same day. wefox household, liability and motor vehicle insurance are available in Germany, Poland and Switzerland. wefox has just announced their series C funding of over $650m for a valuation of $3bn.
Vertafore | April 01, 2022
Insurance professionals from across the country gathered in Denver this week for Accelerate, powered by NetVU. The event was for four days of education, networking and a tour of the latest Vertafore® InsurTech innovations.
Attendees were educated about the new additions and what's next for their core insurance technology. They were also provided with information about getting the most out of the solutions by themselves during the conference's general sessions. NetVU also celebrated the return of an in-person conference by offering a full curriculum of business development and IT management classes for agencies.
Vertafore, the leader in modern insurance technology, informed the launch of its Commercial Submissions platform during the onset general session of Accelerate, powered by NetVU.
The energy at this year's Accelerate was incredible. There's nothing like being together to learn and grow as professionals in an industry defined by relationships. A huge thanks to the NetVU volunteers and Vertafore experts who made 2022 a success."
Jessica Jeffress, conference chair and AVP of Peel & Holland.
This industry-leading market connectivity solution provides a game-changing experience for commercial quotes by simplifying and automating the entire process. Agencies can find quotes from multiple carriers in time than it usually takes. Thus, it will streamline the process and timeline for submitting commercial business. Carriers on the platform can get immense benefits from increased opportunities to present their insurance products to clients.
Vertafore also announced that Commercial Submissions will be accessible to its customers until September 30, 2022. The offer would remain part of its commitment to improving market connectivity between independent agencies and insurers.
In addition, Vertafore demonstrated its industry-leading efforts to create innovative, user-centric, and inclusive InsurTech solutions. With the launch of Commercial Submissions, the company has made a long-term investment in product design as part of its vision for smarter, simpler, and more human insurance distribution. It will incorporate comprehensive principles to remove user barriers, improve accessibility, and overcome situational challenges that obstruct user productivity.
Cision PR Newswire | September 03, 2020
Patra, a leading provider of technology-enabled solutions for the insurance industry, is announcing the general availability of CertVault. CertVault, an all-in-one digital platform, provides significant value for insurance agencies seeking to modernize their certificate process, providing a more flexible and efficient customer experience for brokers, certificate holders, and insureds. CertVault enables agencies to embrace a paperless delivery workflow with enterprise-class security, performance, and scalability. Agency adoption of CertVault dramatically reduces cost, up to 50% savings, and certificate processing complexities experienced with print and mail delivery.