CORE INSURANCE, INSURANCE TECHNOLOGY
RVOS Insurance Group and Guidewire Software | February 09, 2023
RVOS Farm Mutual Insurance Company (RVOS) has recently integrated Guidewire InsuranceNow for agent engagement and business growth.
Guidewire InsuranceNow is for U.S. property and casualty insurers struggling with IT resources, providing core cloud-driven solutions. Through automation and integration, it is easily implemented and quickly upgraded from time to time with operational support and cloud delivery, enabling insurers to focus more on innovation and respond to market demands. In addition, it offers solutions for customer experience, upgrades, less time consumption, business agility, freedom from system maintenance, and risk mitigation.
Vice President of RVOS, Wesley Jackson, said, "We selected InsuranceNow to modernize our systems to deliver better efficiencies to users. We were attracted to its lack of complexities. The screens are straightforward and very easy to work with. InsuranceNow will also provide a more robust interaction with our agents and allow them to have access to more data from the system, making it easier for them to do business with us."
(Source – Business Wire)
General Manager of Claims and InsuranceNow, Guidewire, Zachary Gustafson, said, "We celebrate RVOS' history of serving Texans for more than 120 years and its commitment to acting as 'neighbors helping neighbors'. We look forward to helping the company continue supplying quality property insurance to its membership, improving its current products, and developing new ones, and providing exceptional customer service."
(Source – Business Wire)
About RVOS
Headquartered in Temple, Texas, RVOS, an insurance company that started as a single company offering a basic fire insurance protection program in 1901, is now an established insurance holding of different companies, meeting the needs of property owners, farmers, and ranchers across the state. As policyholders own this company, it meets policyholders' needs, adapting to new budgets and financial circumstances. It focuses on future surplus claims and offsets future premiums rather than profiting from out-of-state parent corporations. It specializes in home, ranch, farm, and personal liability insurance.
About Guidewire
Guidewire, a software development company, is dedicated to helping property and casualty insurers engage, innovate, and grow their insurance businesses. It integrates machine learning, data analytics, core and digital services, and cloud services. Headquartered in San Mateo, California, it has assisted over 500 insurers as a partner from over 38 countries to enhance their success worldwide since 2001. It provides integration, localization, and innovation for many applications. In addition, it has completed more than 1,000 projects through the support of research and development and partner networking in the industry.
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CORE INSURANCE, INSURANCE TECHNOLOGY
Canal Insurance Company | February 16, 2023
Canal Insurance Company has recently announced its partnership with CLARA Analytics to accelerate the resolution of commercial insurance claims with an artificial intelligence interface. CLARA Analytics will optimize commercial insurance claims with the technology of AI.
There is a tremendous increase in claims outcomes of commercial transportation, burdening insurers of the trucking industry. They are forced to search for innovative ways of managing claims so that they can produce better outcomes for their clients. Through the partnership, Canal will access CLARA’s Triage and Litigation modules for its commercial auto claims.
The AI-based insights will monitor these claims and filter those claims which are on the verge of escalation. The Triage module assists insurance claim managers with the best path for the resolution, whereas the Litigation module provides insights for clients to acquire amicable settlements and reduce complicated processes and the cost of litigation.
President and CEO of Canal, Paul Brocklebank, said, “At Canal, we consistently explore innovative ways to drive profitable performance, sustainable growth, and shareholder value.” He added, “As a well-established insurance specialist in commercial transportation, Canal is addressing many of the same challenges facing commercial auto insurers at large. Through advanced data analytics, CLARA provides the expertise and track record to help Canal drive better and more efficient claims outcomes, and this benefits both our customers and the Canal enterprise. We are excited about CLARA as a critical new business partner and extension of the Canal team as we join forces to embrace future opportunities in motor carrier insurance.”
(Source – Business Wire)
CEO of CLARA Analytics, Heather H. Wilson, said, “Canal is experiencing tremendous results, in large part because they’re led by a visionary CEO and proactive about finding innovative ways to tackle the problems facing the industry. CLARA will help them to resolve claims in ways that serve their policyholders.” She added, “With our AI technology, innovators like Canal can drive measurable loss cost and expense savings.”
(Source – Business Wire)
About Canal Insurance Company
Headquartered in Greenville, South Carolina, Canal company has been providing insurance solutions for commercial trucking and specialty transportation operations since 1939. It offers insurance products and services like auto liability, physical damage, transportation insurance, insurance claims, underwriting, trucking insurance, specialty transportation insurance, motor truck cargo, trucker’s general liability coverages and risk management services. It distributes its insurance products nationwide through professional general insurance agents. It connects shareholders, employees and partners with innovation and expertise for insurance protection and coverage.
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LIFE INSURANCE, INSURANCE TECHNOLOGY
PRnewswire | March 24, 2023
Simply Business, LLC., a Boston-based digital insurance company focused on small businesses, today announced it will offer several of its commercial insurance solutions through AmSuisse, an insurance wholesaler with an extensive portfolio of products and speciality programs designed for independent agents.
"As we continue to expand our reach with independent agents, it's important to partner with trusted industry experts who share our vision of simplicity, choice and value," said Simply Business Group CEO David Summers. "This partnership with AmSuisse allows us to further our mission of providing small business owners with insurance solutions that fit their needs and helps us enable independent agents to efficiently serve their clients using our online platform."
Through the AmSuisse online quoting experience, independent agents will have access to a variety of Simply Business' insurance products designed for micro and small businesses.
"In today's tech-enabled environment, retail agents want a wide array of carrier and coverage options at their fingertips," said AmSuisse CEO Josh Hamann. "AmSuisse is extremely excited to partner with Simply Business to provide agents with access to a leading-edge digital small business insurance platform that is easy to navigate and designed to help them retain and grow their business."
About Simply Business
Simply Business is changing the way small business owners find business insurance by offering customers tailored insurance coverage online. The company began in the United Kingdom and expanded to the United States in 2017, naming Boston home. With thousands of customers, Simply Business has become a leader in the space through its commitment to a customer-first model, focusing heavily on simplicity, choice and value.
About AmSuisse
Established in 2013 and based in Katy, Texas, AmSuisse, Inc. has quickly risen to prominence as an insurance wholesaling leader. The company provides a broad range of insurance products, including many specialty programs for hard-to-place risks. Its founding goal is to provide its insurance agents and insurance broker partners with unrivaled service and selection. As a closed insurance wholesaler, it carefully selects the firms it works with, allowing it to deliver comprehensive insurance solutions, responsive service, and industry-leading support. AmSuisse believes in forging long-term business partnerships – a belief that has helped the company and its partners thrive in a competitive marketplace.
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