MGA

USQRisk Appoints Seasoned Actuary to Grow US Alternative Risk Transfer Business

Retrieved on: 
Tuesday, May 30, 2023
MGA, Workers' compensation, Risk management, Georgia State University, D&O, Head, D, Insurance

NEW YORK, May 30, 2023 /PRNewswire-PRWeb/ -- USQRisk, the international managing general agent specializing in alternative risk transfer solutions, today welcomes Alex Chen as Head of US Pricing and Senior Underwriter. Chen will be involved in USQRisk's underwriting of alternative risk transfer solutions globally and will be leading the pricing of the MGA's US deals. Additionally, Chen will work alongside the leadership team to develop new products and solutions to address the ever-changing risk landscape and evolving needs of clients.

Key Points: 
  • NEW YORK, May 30, 2023 /PRNewswire-PRWeb/ -- USQRisk , the international managing general agent specializing in alternative risk transfer solutions, today welcomes Alex Chen as Head of US Pricing and Senior Underwriter.
  • Chen will be involved in USQRisk's underwriting of alternative risk transfer solutions globally and will be leading the pricing of the MGA's US deals.
  • Additionally, Chen will work alongside the leadership team to develop new products and solutions to address the ever-changing risk landscape and evolving needs of clients.
  • "Alternative risk transfer solutions in the US market have been increasing in popularity as the need for specialized risk management continues to exceed what the traditional market can support.

Dais Technology Integrates its No-Code Platform with Verisk's Rating-as-a-Service (RaaS) Offering

Retrieved on: 
Friday, May 26, 2023
RaaS, Insurance, Policy, MGA, Verisk Analytics, API, ISO, Risk management, Dais

CHICAGO, May 26, 2023 /PRNewswire-PRWeb/ -- Dais, a leading provider of no-code insurance technology, has integrated its platform with Rating-as-a-Service (RaaS), Verisk's new cloud-based rating engine, to offer an enhanced solution to help carriers and MGAs accelerate product deployment and simplify product maintenance.

Key Points: 
  • Dais Technology, a premier no-code insurance tech provider, has partnered with Verisk to integrate its platform with Verisk's cloud-based Rating-as-a-Service (RaaS).
  • Dais' no-code platform provides a quoting user interface, advanced deviation management, and developer tools, all without a single line of code.
  • "Dais' capabilities are a great complement to our Rating-as-a-Service product" said Ron Beiderman, senior vice president of core lines services products at Verisk.
  • We can populate our no-code solution with definitive products right from the source" says Jason Kolb, Dais CEO.

Coterie Insurance Opens New Markets with AI Insights from Planck

Retrieved on: 
Tuesday, May 23, 2023
Insurance, MGA, Small business, Commercial, AI, Partnership, Coterie, Max Planck, Risk, Reinsurance

NEW YORK, May 23, 2023 (GLOBE NEWSWIRE) -- Planck ’s innovative AI platform is helping Coterie Insurance and its partners deliver instant business insurance — without taking on unanticipated risk exposure.

Key Points: 
  • NEW YORK, May 23, 2023 (GLOBE NEWSWIRE) -- Planck ’s innovative AI platform is helping Coterie Insurance and its partners deliver instant business insurance — without taking on unanticipated risk exposure.
  • A partnership-focused MGA, Coterie leverages data and technology to provide instant quoting and issuing of small business insurance policies.
  • “Through Coterie, our distribution partners can now access millions of small businesses because it finally makes sense to write small commercial insurance,” says Coterie Insurance Co-Founder and CEO David McFarland.
  • With Planck providing underwriting insights at the top of the funnel, Coterie can confidently decline, accept and bind policies in under a minute.

Insurity Event Response Guide: P&C Insurers Can Dramatically Reduce Time Spent on Event Response with Intuitive, Proactive Data Analysis

Retrieved on: 
Tuesday, May 23, 2023
Technology, Insurance, Fintech, Professional Services, Software, Networks, Internet, Data Analytics, Data Management, Organization, Weather, MGA, System, P&C, Hurricane Ian, Research, Hurricane Katrina, Automation, Risk management, Centre for Study of Insurance Operations

Insurity , the leading provider of cloud-based software for insurance carriers, brokers, and MGAs, recently released its 2023 Event Response Guide .

Key Points: 
  • Insurity , the leading provider of cloud-based software for insurance carriers, brokers, and MGAs, recently released its 2023 Event Response Guide .
  • The guide details how insurers are increasingly challenged with operationalizing data and making the event response workflow run smoothly.
  • The Insurity Event Response Guide details how individual hazard data updates can go from approximately four hours to 10 minutes with data integration and automation, enabling insurers to improve response times, operational efficiencies, risk mitigation, and stakeholder satisfaction.
  • “Investing in event analysis operations sets an organization’s event response and claims teams up for success while providing the business with a competitive advantage.

Dais Technology Integrates its No-Code Platform with Verisk's Rating-as-a-Service (RaaS) Offering

Retrieved on: 
Friday, May 26, 2023
RaaS, Insurance, Policy, MGA, Verisk Analytics, API, ISO, Risk management, Dais

CHICAGO, May 26, 2023 /PRNewswire-PRWeb/ -- Dais, a leading provider of no-code insurance technology, has integrated its platform with Rating-as-a-Service (RaaS), Verisk's new cloud-based rating engine, to offer an enhanced solution to help carriers and MGAs accelerate product deployment and simplify product maintenance.

Key Points: 
  • Dais Technology, a premier no-code insurance tech provider, has partnered with Verisk to integrate its platform with Verisk's cloud-based Rating-as-a-Service (RaaS).
  • Dais' no-code platform provides a quoting user interface, advanced deviation management, and developer tools, all without a single line of code.
  • "Dais' capabilities are a great complement to our Rating-as-a-Service product" said Ron Beiderman, senior vice president of core lines services products at Verisk.
  • We can populate our no-code solution with definitive products right from the source" says Jason Kolb, Dais CEO.

Cowbell Bolsters Underwriting Leadership Ahead of the UK and Tech E&O Expansion

Retrieved on: 
Wednesday, May 24, 2023
West Coast of the United States, Senior, Cowbell, SME, P&C, Lloyd's of London, CMO, Tech, CNA, Silicon, San Francisco Bay Area, MGA, Cowbell (instrument), Insurance, Financial services

PLEASANTON, Calif., May 24, 2023 /PRNewswire/ -- Cowbell, the leading provider of cyber insurance for small and medium-sized enterprises (SMEs), announced it is bolstering its underwriting capabilities with new additions to its UK and US teams. Claud Bilbao joins as UK Director of Underwriting, reporting to Simon Hughes, General Manager for UK operations. Matt Byrne joins as Vice President of Tech E&O Underwriting, reporting to Caroline Thompson, Senior Vice President of Underwriting.

Key Points: 
  • Claud Bilbao joins as UK Director of Underwriting, reporting to Simon Hughes, General Manager for UK operations.
  • Matt Byrne joins as Vice President of Tech E&O Underwriting, reporting to Caroline Thompson, Senior Vice President of Underwriting.
  • "I have seen firsthand how critical cyber insurance is for SMEs and large global enterprises," said Claud Bilbao, UK Director of Underwriting at Cowbell.
  • "I am thrilled to help the company continue innovating and delivering value to SMEs," said Matt Byrne, Vice President of Tech E&O Underwriting at Cowbell.

Premium finance providers join Vertafore Orange Partner Program

Retrieved on: 
Tuesday, May 23, 2023
Insurance, API, Ecosystem, Growth, MGA

DENVER, May 23, 2023 /PRNewswire/ -- Vertafore®, the leader in modern insurance technology, today announced the addition of nine premium finance partners to its Orange Partner Program. The expansion enables agencies to access multiple vetted financing companies directly from AMS360® and Sagitta®, to save time and better service clients who are looking to finance their insurance premiums.  

Key Points: 
  • DENVER, May 23, 2023 /PRNewswire/ -- Vertafore ®, the leader in modern insurance technology, today announced the addition of nine premium finance partners to its Orange Partner Program.
  • The Orange Partner Program is the industry's largest and most trusted program for integrated third party services and solutions.
  • The diversified network of finance partners within the Orange Partner Program allows users to easily move data between partner solutions and Vertafore solutions, linking them to a wider ecosystem of tools that will enable faster decision making and greater efficiency for independent agents.
  • "For years, the Orange Partner Program has helped Vertafore customers integrate best-in-class solutions into their core management systems," said Doug Mohr, Vertafore vice president of industry relations and partnerships.

Pavo Partners with Finsure for Premium Finance Marketplace

Retrieved on: 
Wednesday, May 17, 2023
AMS, Insurance, Policy, MGA, Partnership, Premium financing, Fintech, Pavo

Pavo's has developed innovative software to deliver the first Premium Finance marketplace, making insurance more accessible and affordable.

Key Points: 
  • Pavo's has developed innovative software to deliver the first Premium Finance marketplace, making insurance more accessible and affordable.
  • Katie Wexler, the CEO of Pavo, expressed her enthusiasm, saying, "We are thrilled to partner with Finsure Consulting on this cutting edge venture.
  • Michelle Bothe, CEO of Finsure Consulting, shared her excitement about the partnership: "The collaboration between Pavo and Finsure is a perfect fit.
  • Together, we are poised to deliver a premium finance marketplace that sets new industry standards."

Insurity to Provide Sure Claims Payments as a Standalone Offering, Allowing Insurers to Go Live with the Cloud-Based Solution in Just 4 Weeks

Retrieved on: 
Wednesday, May 17, 2023
Professional Services, Payments, Data Management, Technology, Insurance, Software, Fintech, Third-party administrator, P&C, ACH, Launch, TPA, Organization, MGA, API, Express, Online shopping, Critical illness insurance

Sure Claims Payments, powered by Dream Payments and connected to J.P. Morgan Payments, enables P&C insurance organizations to pay claims in as little as 30 seconds with integrated digital payment options.

Key Points: 
  • Sure Claims Payments, powered by Dream Payments and connected to J.P. Morgan Payments, enables P&C insurance organizations to pay claims in as little as 30 seconds with integrated digital payment options.
  • Previously, Sure Claims Payments was only available to insurance organizations through integrations with Insurity's cloud-based claims solutions and APIs for non-Insurity claims systems.
  • Sure Claims Payments now comes with the new Express Launch capability enabling insurance organizations to launch digital payments in as little as four weeks.
  • "Sure Claims Payments is already accelerating the claims payments process, providing insurance organizations with the ability to issue digital payments in their claimant's chosen method while scaling to meet high claims volumes," said Sylvester Mathis, Chief Insurance Officer at Insurity.

Socotra Connected Core, the First Insurance Policy Core Platform Available in AWS Marketplace

Retrieved on: 
Wednesday, May 17, 2023
Professional Services, Data Management, Apps, Applications, Technology, Insurance, Software, Internet, Amazon Web Services, Policy, Organization, MGA, Risk, API, Partnership, AWS, News, Home insurance, Online shopping, Socotra

Socotra, Inc. announced availability of their insurance policy core platform Connected Core in AWS Marketplace.

Key Points: 
  • Socotra, Inc. announced availability of their insurance policy core platform Connected Core in AWS Marketplace.
  • Socotra's availability in AWS Marketplace is an important step forward in the company's mission to serve the insurance industry through better innovation and technology.
  • Socotra's Connected Core is built on a modern cloud-native architecture, providing insurers with greater flexibility and agility to adapt to evolving market conditions.
  • Learn more about Socotra Connected Core in AWS Marketplace.