MGA

Futuristic Underwriters, a Tech-Driven MGA, Launches for Commercial P&C Insurance

Retrieved on: 
Friday, November 3, 2023
Commercial Building & Real Estate, Construction & Property, Insurance, Data Analytics, Artificial Intelligence, Professional Services, Technology, Business, P&C, Head, MGA, Risk, Artificial intelligence

Futuristic Underwriters LLC , a managing general agent (MGA) with a tech-enabled approach to commercial P&C insurance, announces today the public launch of its services dedicated to reducing risk and driving profitability for agents, insurers, and insureds alike.

Key Points: 
  • Futuristic Underwriters LLC , a managing general agent (MGA) with a tech-enabled approach to commercial P&C insurance, announces today the public launch of its services dedicated to reducing risk and driving profitability for agents, insurers, and insureds alike.
  • The commercial insurance landscape has faced many challenges including rising premiums, evolving regulatory requirements, inefficient processes, and increasing claims frequency.
  • In 2022, the U.S. property & casualty sector ended the year with a net combined ratio of 102.4 with resulting underwriting losses for the industry.
  • With figures and challenges such as these, it is clear the traditional approach to insurance has left insurers, brokers, and policyholders unsatisfied and unprofitable.

Amerisure Mutual Insurance Company Champions Innovation with Investment in Next-Generation Technology through Insurity’s Sure Premium Audit and Payroll Validator Solutions

Retrieved on: 
Thursday, November 2, 2023
Software, Technology, Professional Services, Insurance, PDF, P&C, Empowerment, MGA, Payroll, Investment, Risk management, Critical illness insurance

Sure Premium Audit enables Amerisure to automate its premium audit processes with payroll validation and online data collection portals for policyholders and agents.

Key Points: 
  • Sure Premium Audit enables Amerisure to automate its premium audit processes with payroll validation and online data collection portals for policyholders and agents.
  • “We’ve seen a transformative shift in how we manage our audit processes with integrating the Payroll Validator tool,” said John Coffaro, Premium Audit Manager at Amerisure.
  • Seeing the tangible results from Sure Premium Audit and Payroll Validator reinforces the value of our long-standing relationship.”
    The investment in such technology reflects Amerisure’s forward-thinking approach and commitment to excellence.
  • For more information about how Sure Premium Audit and Payroll Validator can benefit your organization, please reach out to [email protected] .

ReSource Pro Taps Meredith Barnes-Cook as Partner, Advisory & Research

Retrieved on: 
Monday, November 6, 2023
Lee Barnes (cook), P&C, Insurance, 2020 Bellatorum Resources Pro Classic, Meredith, LA, GTM, Liberty Mutual, Resource, Ecosystem, Partner, Consultant, MGA, Sales

NEW YORK, Nov. 6, 2023 /PRNewswire-PRWeb/ -- ReSource Pro, a leading provider of technology-enabled business solutions for insurance providers, today announced Meredith Barnes-Cook as a Partner covering Advisory & Research. The addition of Barnes-Cook underscores ReSource Pro's commitment to expanding and enhancing its strategic consulting practice, which is made up of advisors and practitioners with decades of experience serving a broad range of insurance clients across the entire P&C ecosystem – distributors, carriers and tech companies.

Key Points: 
  • NEW YORK, Nov. 6, 2023 /PRNewswire-PRWeb/ -- ReSource Pro, a leading provider of technology-enabled business solutions for insurance providers, today announced Meredith Barnes-Cook as a Partner covering Advisory & Research.
  • Barnes-Cook brings nearly four decades of insurance operations and technology experience to ReSource Pro – a deep knowledge base that encompasses all lines of business and the complete insurance value chain.
  • Among the best in the industry, Resource Pro can deliver innovative, unique and efficient solutions for our clients."
  • Prior to joining ReSource Pro, Barnes-Cook spent 33 years at Liberty Mutual, where she was responsible for numerous digital, product and organizational transformations.

CLARA Analytics Launches Industry’s First Holistic Casualty Claims Intelligence Platform, CLARAty.ai, to Reshape Claims Management

Retrieved on: 
Tuesday, October 31, 2023
Professional Services, Technology, Insurance, Artificial Intelligence, Software, Intelligence, Booth, History, Mandalay Bay, Gamma globulin, ITC, Artificial intelligence, Structural load, Ecosystem, CLARA, AI, MGA, 3D printing, Sales

CLARA Analytics (“CLARA”), a leading provider of artificial intelligence (AI) technology for insurance claims optimization, today unveiled its CLARAty.ai platform, which advances the insurance claims process and assists claims professionals with their day-to-day work.

Key Points: 
  • CLARA Analytics (“CLARA”), a leading provider of artificial intelligence (AI) technology for insurance claims optimization, today unveiled its CLARAty.ai platform, which advances the insurance claims process and assists claims professionals with their day-to-day work.
  • With the launch of CLARAty.ai, CLARA redefines what should be considered as part of the core ecosystem.
  • Rather than rely on separate claims solutions for different casualty lines, CLARA supports workers’ comp, auto liability, and general liability claims, with more to come in the near future.
  • By adding an intelligence layer to core admin systems, everything claims professionals need is accessible,” said CLARA Analytics CEO Heather H. Wilson .

Novatae Risk Group Selects I-Engineering's Enterprise Systems, ALIS and PUMAA

Retrieved on: 
Tuesday, October 31, 2023
Policy, Life, I Engineer, ALIS, Eupithecia novata, MGA, Communication, Automation, Management

SHELTON, Conn., Oct. 31, 2023 /PRNewswire/ -- I-Engineering and XDimensional Technologies (XDTI) are pleased to announce that Novatae Risk Group, an Insurance Services Company, has selected I-Engineering's enterprise system, All Lines Insurance Suite (ALIS), as well as Policy Underwriting & Management for Agents Access (PUMAA) as their technology platform.

Key Points: 
  • SHELTON, Conn., Oct. 31, 2023 /PRNewswire/ -- I-Engineering and XDimensional Technologies (XDTI) are pleased to announce that Novatae Risk Group, an Insurance Services Company, has selected I-Engineering's enterprise system, All Lines Insurance Suite (ALIS), as well as Policy Underwriting & Management for Agents Access (PUMAA) as their technology platform.
  • Novatae will leverage ALIS to create a fully automated and completely integrated solution across its product offerings.
  • "With the power of ALIS and PUMAA, we have our technology needs covered.
  • The complete solution of ALIS and PUMAA will enable Novatae the flexibility to service their agents for different lines of business from multiple markets.

Ethical AI in Insurance Consortium Expands with 10 New Founding Members and Launches Insurance AI Research Project

Retrieved on: 
Tuesday, October 31, 2023
Constellation, Research, Farm, Health, American Farm Bureau Federation, Athlete, Artificial intelligence, CIO, Risk, RMS, AI, Partnership, MGA, Bias, Marketing, Intelligence, Ethics of artificial intelligence, Organization, CURE Insurance Arena, Rethinking, Consortium, Georgia Farm Bureau Federation, Average absolute deviation, Safety, NASA, Private law, Synthetic media, Generative, Ethics, Digital, LAS, TPA, Sigma, Stevie Awards, Research report, Trust, Environment, Regulation, Business, CMS, Medical device, Insurance, Sales, Management, Socotra

LAS VEGAS, Oct. 31, 2023 /PRNewswire-PRWeb/ -- The Ethical AI in Insurance Consortium (EAIC), which aims to foster responsible and transparent adoption of artificial intelligence (AI) for decision management in the insurance sector, is proud to announce the addition of 10 founding members, significantly broadening its expertise and potential impact. Simultaneously, the Consortium is launching a groundbreaking survey of insurance and reinsurance executives determining attitudes, readiness, and use of AI including Generative AI, large language models, and machine vision. This research aims to provide valuable insights and guide the formulation of ethical AI practices in the insurance domain.

Key Points: 
  • Simultaneously, the Consortium is launching a groundbreaking survey of insurance and reinsurance executives determining attitudes, readiness, and use of AI including Generative AI, large language models, and machine vision.
  • This research aims to provide valuable insights and guide the formulation of ethical AI practices in the insurance domain.
  • It's crucial that as industry leaders, we prioritize responsible AI adoption to enhance our services while upholding ethical standards.
  • Founding members Socotra, Exavalu, and Cloverleaf Analytics expressed their enthusiasm for the Insurance AI research initiative and the expansion of the EAIC.

iPipeline® Unveils Redesigned and Enhanced Website, Creating a Dynamic Digital Channel for Today's Financial Services Professionals

Retrieved on: 
Monday, October 30, 2023
Insurance, Rowell, Downtown Manhattan Heliport, Marketing, Culture, MGA, Online shopping, Management

EXTON, Pa., Oct. 30, 2023 /PRNewswire/ -- iPipeline®, a leading global provider of comprehensive and integrated digital solutions for the life insurance and financial services industry, announces the launch of its updated global corporate website. The streamlined site, which has been redesigned to improve and enhance the end-user experience, now makes it easier than ever to locate information and solutions.

Key Points: 
  • The streamlined site, which has been redesigned to improve and enhance the end-user experience, now makes it easier than ever to locate information and solutions.
  • The enhanced iPipeline website—still located at ipipeline.com —also features the company's revised corporate branding with an updated logo and a fresh color palette.
  • A global experience for financial professionals around the world which features tailored information, resources, and support for those in U.S., U.K., and Canada.
  • We believe this offers the best representation of our authenticity, diversity, and inclusivity, as well as the passion of our employees."

Joyn Insurance Named "Speed to Market Champion of the Year" Award Recipient at Excellence in Insurance, Sponsored by Insurity

Retrieved on: 
Thursday, October 26, 2023
Data Analytics, Professional Services, Technology, Insurance, Software, P&C, Policy, Small business, Azure, Microsoft, Organization, Rich Communication Services, API, MGA, Series, Excellence, Cyber insurance, Spark

Insurity , a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, today announced that Joyn Insurance was named "Speed to Market Champion of the Year" at Excellence in Insurance.

Key Points: 
  • Insurity , a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, today announced that Joyn Insurance was named "Speed to Market Champion of the Year" at Excellence in Insurance.
  • It recognized the outstanding performances of P&C organizations in categories including exceptional policyholder service, digital transformation, and innovative excellence in data and analytics.
  • Joyn is an MGA underwriting E&S property and general liability for the "SMiddle" market segment, known as the upper end of small business and the lower end of the middle market.
  • "Joyn is honored to be recognized by Insurity as this year's Speed to Market Champion," said Fabiana Zambrano, Head of Product at Joyn Insurance.

AgentSync Raises $50M in Funding to Drive Operational Efficiencies For Insurers and Distributors

Retrieved on: 
Thursday, October 26, 2023
Insurance, Craft Ventures, Growth, MGA, Software, Guy-wire, Partnership, Venture round, API, Software as a service, Cryptocurrency, Management

DENVER, Oct. 26, 2023 /PRNewswire/ -- AgentSync, the leader in modern insurance infrastructure, today announced an additional $50 million fundraise, bringing the company's total funding to date to $161 million. The round was co-led by existing investors Craft Ventures and Valor Ventures. Since raising the Series B in Q4 2022, AgentSync has seen 3x ARR growth and more than 2x customer growth. AgentSync works with more than 200 insurance companies spanning carriers, MGAs, and agencies, covering all lines of insurance.

Key Points: 
  • Since raising the Series B in Q4 2022, AgentSync has seen 3x ARR growth and more than 2x customer growth.
  • AgentSync works with more than 200 insurance companies spanning carriers, MGAs, and agencies, covering all lines of insurance.
  • This round of capital allows AgentSync to double down delivering best-in-class products for the nation's largest and most respected carriers.
  • By establishing flexible, scalable connections between insurance distributors and underwriters, AgentSync powers and streamlines the delivery of insurance products.

Pearl Holding Group Selects Verisk’s Data and Analytics to Streamline Independent Agent Auto Insurance Delivery

Retrieved on: 
Monday, October 23, 2023
Insurance, VRSK, Speed, MGA, Risk, Acquisition, PHG, National Flood Insurance Program, Economics, Verisk Analytics

JERSEY CITY, N.J., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Pearl Holding Group (PHG), a holding company and MGA for two nonstandard auto insurers is harnessing LightSpeed® from Verisk (Nasdaq: VRSK), a leading global data analytics provider, to help improve control and save money within its agent distribution channel.

Key Points: 
  • JERSEY CITY, N.J., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Pearl Holding Group (PHG), a holding company and MGA for two nonstandard auto insurers is harnessing LightSpeed® from Verisk (Nasdaq: VRSK), a leading global data analytics provider, to help improve control and save money within its agent distribution channel.
  • PHG provides affordable auto insurance to the nonstandard market using Verisk’s LightSpeed for Personal Auto .
  • By bringing pivotal underwriting analytics forward in a single data payload, LightSpeed can streamline workflows and help provide reliable quotes to consumers in seconds.
  • “PHG is driving auto insurance into the future.