Category : InsurTech

InsurTech News

AM Best Affirms Credit Ratings of United States Liability Insurance Company and Its Subsidiaries

Business Wire
by Business Wire0
AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aa+” (Superior) of United States Liability Insurance Company (USLI) and its subsidiaries: Mount Vernon Fire Insurance Company, U.S. Underwriters Insurance Company (Bismarck, ND), Mount Vernon Specialty Insurance Company and Radnor Specialty Insurance Company.......
InsurTech News

Frank Winston Crum Insurance Selects Majesco Policy and Billing for P&C, and Distribution Management on Majesco Cloud Platform

Business Wire
by Business Wire0
Majesco, a global leader of cloud insurance platform software for insurance business transformation, announced Frank Winston Crum Insurance (FWCI), a commercial insurance carrier, selected Majesco Policy and Billing for P&C, and Distribution Management on Majesco’s cloud platform. This investment will help FWCI support their growth plans for their current product......
InsurTech News

NNB Petroleum Distribution Excess Program with New $10 Million Limits

Business Wire
by Business Wire0
Carlsbad, California-based Integrated Specialty Coverages (“ISC”), a leading, multi-line program administrator that builds end-to-end insurance products utilizing advanced artificial intelligence (AI) engineering and data analytics, has announced that Northeast National Brokerage (NNB), an ISC company, has increased limits for its Petroleum Distribution Excess program. Latest Fintech Interview Global Fintech Interview......
InsurTech News

Neil Pearson Joins Betterview as Chief Strategy Officer

GlobeNewswire
by GlobeNewswire0
Betterview, the company leading insurers rely on to identify and manage property risk, announced the hiring of Neil Pearson as their chief strategy officer. Pearson brings extensive insurance and technology experience to Betterview, positioning the company to expand amidst ongoing transformation in the industry. Pearson has worked in product and......
InsurTech News

Fortitude Re Engages IBM to Transform and Optimize Its Life Insurance and Annuity Third Party Administration Operations

Business Wire
by Business Wire0
Fortitude Re and IBM establish long-term strategic relationship to collaborate on growth opportunities to further enhance Fortitude Re’s position as a leading global provider of legacy reinsurance solutions. The companies enter into $450 million, 10-year collaboration for administration of over 4 million insurance policies. IBM launches its fully licensed Life......
InsurTech News

Velocity Risk Underwriters Implemented Guidewire InsuranceNow to Launch New Products for Business Growth

Business Wire
by Business Wire0
Managing general agency leveraging core operations in the cloud Guidewire announced that Velocity Risk Underwriters (Velocity Risk), a catastrophe-focused property insurance hybrid managing general agency (MGA) and AM Best A- (Excellent) rated excess and surplus (E&S) insurer licensed in all 50 states, implemented Guidewire InsuranceNow to quickly launch new products to meet changing......
InsurTech News

NOW Insurance Receives Funding from Arch Capital Group Ltd. to Accelerate Growth

Business Wire
by Business Wire0
NOW Insurance, a full-stack, AI-enabled commercial insurance platform specializing in medical professional liability coverage, announced an investment from a subsidiary of Arch Capital Group Ltd. and a managing general agent partnership with Arch Insurance North America. Latest Fintech Interview Global Fintech Interview with Will Tumulty, CEO at Rapid Finance “NOW......
InsurTech News

Small Business Insurance Customer Satisfaction Defies Steadily Rising Rates to Reach All-Time High in J.D. Power Study

Business Wire
by Business Wire0
Despite steadily rising interest rates and strained business conditions, U.S. small businesses are increasingly satisfied with the products and services they are receiving from their commercial insurance providers. According to the J.D. Power 2023 U.S. Small Commercial Insurance Study, released , overall customer satisfaction has reached an all-time high of......
Digital Payments InsurTech News

One Inc and Origami Risk Expand Alliance with Integrated ClaimsPay Solution

Business Wire
by Business Wire0
Enhanced partnership consolidates both inbound and outbound payments One Inc, the leading digital payments network for the insurance industry, announced Origami Risk, a leading provider of SaaS-based solutions for the risk and insurance industry, is enhancing their partnership by integrating One Inc’s best-in-class digital payments solution, ClaimsPay. Integrating One Inc’s ClaimsPay......
InsurTech News

Marsh to Acquire Honan Insurance Group

PR Newswire
by PR Newswire0
Transaction to create leading corporate risk and strata insurance offering in Australia and New Zealand Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan, announced that it has reached agreement to acquire 100% of the outstanding share capital of Honan Insurance Group Pty Ltd......
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