Insurance

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Columbia Insurance Group selects One Inc to modernise payments

One Inc, the leading digital payments platform provider for the insurance industry, is pleased to announce Columbia Insurance Group (CIG), a mutual insurance company specializing in comprehensive property and casualty insurance for small and mid-size businesses, has selected One Inc’s best-in-class digital payments solutions PremiumPay and ClaimsPay, for both inbound and outbound payments.

/retail

CU Financial Group and Sure launch digital insurance platform for credit unions

Sure, the insurance technology leader that unlocks the potential of digital insurance, today announced it has partnered with CU Financial Group, LLC (CUFG) to launch SimpleQuote, a new digital insurance solution that will enable credit unions to offer their members seamless access to insurance.

/retail

GoAuto selects One Inc for insurance payments

One Inc, the leading payments network for the insurance industry, announced today that GoAuto Insurance (GoAuto), has selected One Inc’s ClaimsPay® and PremiumPay® products for a fully integrated and digitized policyholder payment experience.

/ai

GFT and Databricks vow to democratise AI across North America

Insurers and financial service organizations across North America are under increasing pressure to integrate AI into their operations in order to drive new efficiencies both internally and for their customers.

/retail

Wefox agrees to sell insurrance carrier

wefox has achieved another key milestone in the focusing of its business. wefox Holding AG has reached an agreement with a group of Swiss companies led by the independent Swiss pension service provider BERAG on the sale of Liechtenstein-based wefox Insurance AG.

/payments

One Inc and US Bank team on insurance payments

One Inc, the leading payments network for the insurance industry, announced today a partnership with U.S. Bank aimed at delivering a comprehensive, unified payment experience for Property & Casualty (P&C) and Life insurers.

/retail

CLSQ introduces instant insured property valuations

CLSQ has launched VerifyQ – a unique service that enables faster lending decisions by providing instant insured property valuations.

/regulation

Vitesse awarded New York trust company status

Vitesse, a leading global treasury and payment provider for the insurance industry, is pleased to announce that the New York State Department of Financial Services (NY DFS) has granted an Authorization Certificate establishing Vitesse Trust Company, LLC based in New York City, officially launching the United States operations.

/security

AXA Switzerland launches bancassurance solution

Additiv, a global leader in fintech and digital transformation, is pleased to announce that AXA Switzerland has successfully launched its addProtect bancassurance offering, powered by additiv’s technology platform. This innovative solution allows banks to directly protect their mortgage customers against key risks with a simple plug-and-play solution.

/retail

SEB invests in Lumera

SEB’s venture capital unit invests in Lumera, a leading player in the Swedish market for insurance administration software. The bank thus broadens its current partnership with the company.

/ai

Nasdaq integrates AI for portfolio risk calculations

Nasdaq (Nasdaq: NDAQ) has announced it has developed an innovative new methodology to conduct investment portfolio risk calculations and produce predictive analytics, based on advanced machine learning capability.

/ai

Experian UK&I taps AI for commercial insurance underwriting

Experian UK&I today announces a new AI-powered data solution ‘Hazard Tags’ which will help transform underwriting processes in the commercial insurance sector.

/payments

TreviPay and Allianz Trade partner on B2B risk management

TreviPay, the most-trusted B2B payments and invoicing network, today announced a new strategic partnership with Allianz Trade, the global leader in trade credit insurance.

/people

Insurtech Sedgwick appoints business development director

Sedgwick, a leading global provider of claims management, loss adjusting and technology-enabled business solutions, has appointed Stephen Hearn as International Business Development Director.

/retail

Xceedance buys Millennium Information Services

Xceedance, a global leader in consulting, technology, operations support, and data solutions for the insurance sector, has acquired Millennium Information Services, Inc. (MIS), one of the largest property inspection and data analytics companies in the U.S.

/retail

Community First Credit Union taps TruStage for auto insurance

Committed to safeguarding its members in their times of need, Santa Rosa, Calif.-based Community First Credit Union announced today it has partnered with TruStageTM, a financially strong insurance, investment and technology provider, to integrate its Payment Guard embedded insurance strategy into the credit union’s indirect auto loan channel.

/wholesale

Lockton launches digital insurance programme

Lockton, the world’s largest privately-owned insurance brokerage, today launched Lockton Pulse, its new ground-breaking digital insurance offering for SMEs and individuals across Australia.

/people

WTW strengthens digital trading team

WTW (NASDAQ: WTW) has today announced the appointment of Parveen Kaur as Global Leader of Operations, Strategy Execution and Data to Neuron, the company’s commercial digital trading solution.

/retail

LWCC selects Akur8 core platform

Akur8, the next-generation insurance pricing solution powered by transparent machine learning, is excited to announce its recent collaboration with Louisiana Workers’ Compensation Corporation (LWCC), Louisiana’s largest workers’ compensation carrier, dedicated to excellence in execution from underwriting to life-long care of an injured worker.

/ai

KeyBank partners Zentist to bring AI to dentist revenue cycle management

KeyCorp (NYSE: KEY) announced a strategic relationship, which includes a minority investment, with Zentist, a leading cloud-based Insurance Revenue Cycle Management (RCM) software provider for Dental Support Organizations (DSOs) across the country.

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