P&C

Skyward Specialty Recognizes Key Business Leaders in Wake of Continued Top-Tier Performance

Retrieved on: 
Giovedì, Marzo 7, 2024

About Skyward SpecialtySkyward Specialty (NASDAQ: SKWD) is a rapidly growing and innovative specialty insurance company, delivering commercial property and casualty products and solutions on a non-admitted and admitted basis. The Company operates through eight underwriting divisions -- Accident & Health, Captives, Global Property & Agriculture, Industry Solutions, Professional Lines, Programs, Surety and Transactional E&S.

Key Points: 
  • HOUSTON, March 07, 2024 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.TM (NASDAQ: SKWD) ("Skyward Specialty" or "the Company"), a leader in the specialty property and casualty (P&C) market, recognized six of its business leaders with elevated titles to fully reflect their contributions.
  • Each of these six leaders oversee units that have delivered impressive returns on capital and growth, with each now at a size and scale that substantially contributes to the Company’s earnings.
  • Additionally, Rob Roberts has been named President of Energy following the transition of Jimmy Godfrey, who will maintain active involvement as Chairman, Energy.
  • "I know I speak for our entire Executive Leadership Team in congratulating Mark, Rick, Doug, Jim, Rob and Matt for this well-deserved recognition.”

Verisk Expands Fraud-Fighting Capabilities for the Insurance Ecosystem with Two New Strategic Partnerships

Retrieved on: 
Lunedì, Marzo 4, 2024

The platform connects more than 200,000 professionals from carriers, regulatory agencies, law enforcement and claim service providers.

Key Points: 
  • The platform connects more than 200,000 professionals from carriers, regulatory agencies, law enforcement and claim service providers.
  • “Verisk is uniquely positioned to serve the insurance industry by providing the platform to support the P&C claims ecosystem.
  • “We are thrilled to participate in this ecosystem partnership with Verisk,” says Jeroen Morrenhof, CEO and co-founder of FRISS.
  • This will enable mutual Verisk and FRISS customers to detect fraud with much higher accuracy and predictability.

LifeWallet Announces a Comprehensive Settlement with 28 Affiliated Property and Casualty Insurers, Benefiting LifeWallet’s Medicare Clients Across the U.S.

Retrieved on: 
Lunedì, Marzo 4, 2024

The settlement creates an environment where Secondary Payers,2 such as health insurance plans and healthcare providers, discover Medicare liens owed to them and recover conditional payments from responsible primary plans, such as property and casualty insurers.

Key Points: 
  • The settlement creates an environment where Secondary Payers,2 such as health insurance plans and healthcare providers, discover Medicare liens owed to them and recover conditional payments from responsible primary plans, such as property and casualty insurers.
  • This will enhance LifeWallet’s ability to discover liens and recover payments owed, more quickly than through litigation.
  • It also enables LifeWallet to pursue a diversified number of entities that failed to pay liens or collected twice for the same bills, both from the insurer and LifeWallet’s assignor clients.
  • Utilizing LifeWallet’s unique payer-based knowledge, artificial intelligence (“AI”) and blockchain-based LifeChain integrations, LifeWallet has developed a comprehensive coordination of benefits clearinghouse.

Capitol Benefits, LLC Partners with Applied to Unify Technology Strategy Across its P&C and Benefits Business

Retrieved on: 
Martedì, Febbraio 27, 2024

Chicago, IL., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Applied Systems® today announced that Capitol Benefits, LLC has selected Applied Digital Agency to build a flexible technology stack built on Applied Epic that supports easy integration of point technologies to enhance automation and growth at each stage of the insurance lifecycle across its Benefits and P&C books of business.

Key Points: 
  • Chicago, IL., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Applied Systems® today announced that Capitol Benefits, LLC has selected Applied Digital Agency to build a flexible technology stack built on Applied Epic that supports easy integration of point technologies to enhance automation and growth at each stage of the insurance lifecycle across its Benefits and P&C books of business.
  • The agency will leverage Applied’s open architecture that allows for the easy and secure flow of data to simplify workflows for greater productivity across agency roles while eliminating the time and cost spent managing its business across disparate systems.
  • “To keep up with our expanding team and client base, we began adding new technology vendors and services that provided short-term relief to our growing pains, but ultimately hindered our staff’s productivity and our long-term growth,” said Joshua Lavine, Chief Executive Officer, Capitol Benefits, LLC.
  • The fully integrated solution enables agencies to create higher-value business transactions and deliver superior customer experiences throughout the entire insurance lifecycle.

CDPQ to Sell 2,312,000 Common Shares of Intact Financial Corporation

Retrieved on: 
Lunedì, Febbraio 26, 2024

MONTREAL, Feb. 26, 2024 (GLOBE NEWSWIRE) --

Key Points: 
  • /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
    CDPQ announced today that it will sell 2,312,000 common shares ("Common Shares") of Intact Financial Corporation (TSX: IFC) representing approximately 1.3% of the issued and outstanding Common Shares of IFC as of February 26, 2024 (the “Offering”).
  • After giving effect to the trade, CDPQ will continue to hold approximately 8.9% of the issued and outstanding Common Shares of IFC.
  • Following this transaction, CDPQ remains a key shareholder of Intact.
  • “CDPQ continues to be a valued partner in Intact’s evolution as a leading international P&C insurer, and will remain our largest shareholder following this transaction,” said Louis Marcotte, Executive Vice President and CFO, Intact Financial Corporation.

BriteCore Expands Its Solution Marketplace with Four New Vendor Solutions

Retrieved on: 
Mercoledì, Febbraio 21, 2024

San Mateo, CA, Feb. 21, 2024 (GLOBE NEWSWIRE) -- BriteCore, a next-generation provider of cloud-native core administration solutions for property and casualty (P&C) insurance carriers and MGAs, proudly announces the expansion of its Solution Marketplace with the addition of four new insurance vendor solutions.

Key Points: 
  • San Mateo, CA, Feb. 21, 2024 (GLOBE NEWSWIRE) -- BriteCore, a next-generation provider of cloud-native core administration solutions for property and casualty (P&C) insurance carriers and MGAs, proudly announces the expansion of its Solution Marketplace with the addition of four new insurance vendor solutions.
  • The BriteCore Solution Marketplace is a significant development in the insurance industry, offering an unparalleled array of choices and flexibility for insurance carriers.
  • The BriteCore Solution Marketplace, with these new integrations, is available to all BriteCore clients.
  • For more information about these new solutions and the BriteCore Solution Marketplace, please visit www.BriteCore.com .

MediaAlpha Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Martedì, Febbraio 20, 2024

“Our fourth quarter results exceeded expectations, driven primarily by improving conditions in our Property & Casualty (P&C) insurance vertical,” said MediaAlpha co-founder and CEO Steve Yi.

Key Points: 
  • “Our fourth quarter results exceeded expectations, driven primarily by improving conditions in our Property & Casualty (P&C) insurance vertical,” said MediaAlpha co-founder and CEO Steve Yi.
  • (1)A reconciliation of GAAP to Non-GAAP financial measures has been provided at the end of this press release.
  • For the first quarter of 2024, MediaAlpha currently expects the following:
    Transaction Value between $175 million - $190 million, representing a 6% year-over-year decline at the midpoint of the guidance range.
  • MediaAlpha will host a Q&A conference call today to discuss the Company's fourth quarter and full year 2023 results and its financial outlook for the first quarter of 2024 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

Duck Creek Continues Commitment to the Reinsurance Industry by Welcoming Xceedance as an Inaugural Ecosystem Partner for Reinsurance

Retrieved on: 
Martedì, Febbraio 20, 2024

As a longstanding collaborator with Duck Creek, Xceedance brings cutting-edge technology and top-tier service solutions to reinsurers globally.

Key Points: 
  • As a longstanding collaborator with Duck Creek, Xceedance brings cutting-edge technology and top-tier service solutions to reinsurers globally.
  • Xceedance has already partnered with three of Duck Creek’s reinsurance global customers in Australia, the UK, and the US.
  • Earlier this year, Duck Creek unveiled its integration into Lloyd’s Outwards Reinsurance Scheme (LORS) , catering to ceding reinsurance customers leveraging Duck Creek Reinsurance .
  • “With our deep expertise, our team at Duck Creek is committed to propelling transformation in reinsurance,” said Julien Victor, Managing Director of Reinsurance Management at Duck Creek Technologies.

Majesco Intelligent Claims for P&C Crowned as a Luminary Provider and a Recipient of the XCelent Advanced Technology Award in Celent’s “Property/Casualty Claims Report”, 2024 Edition

Retrieved on: 
Giovedì, Marzo 7, 2024

This prestigious award spotlights Majesco's commitment to delivering innovative and advanced technology solutions that empower property and casualty insurers to exceed their claims handling objectives.

Key Points: 
  • This prestigious award spotlights Majesco's commitment to delivering innovative and advanced technology solutions that empower property and casualty insurers to exceed their claims handling objectives.
  • The report profiled 33 different North American property and casualty claims systems to help insurers define core systems requirements.
  • “We are pleased to announce that Majesco’s Intelligent Claims for P&C has earned the prestigious ranking of Celent Luminary Provider, as well as XCelent Advanced Technology Award recipient in the claims space,” stated Karlyn Carnahan, Head of Insurance, North America, Celent.
  • “We are thrilled to receive these prestigious recognitions from Celent,” said Adam Elster, CEO at Majesco.

Insurity Survey Reveals America's Most Beloved P&C Insurance Mascots Amidst Billion-Dollar Advertising Efforts

Retrieved on: 
Giovedì, Marzo 7, 2024

Insurity , the leading provider of cloud software for insurance carriers, brokers, and MGAs, today announced findings from its latest P&C Consumer Pulse survey, spotlighting the most cherished mascots among major P&C insurance brands.

Key Points: 
  • Insurity , the leading provider of cloud software for insurance carriers, brokers, and MGAs, today announced findings from its latest P&C Consumer Pulse survey, spotlighting the most cherished mascots among major P&C insurance brands.
  • This survey encompassed nine major carriers, shedding light on the significant impact of mascots and advertising on consumer preferences in the P&C insurance sector.
  • "Our survey highlights how integral mascots and memorable commercials are to building a relatable and beloved brand image in this industry.
  • The findings from Insurity's survey provide valuable insights into the strategies behind the branding efforts of P&C insurance carriers.