Guidewire (NYSE: GWRE) and Ravin AI announced that Ravin has joined Guidewire PartnerConnect as a Solution partner. Ravin’s automated vehicle inspection tool enables non-professionals, like insurance customers, to capture the condition of a vehicle accurately. It leverages advanced computer vision and deep learning to analyze car damage and generate a 360-degree condition report or repair estimate. When completed, Ravin’s Ready for Guidewire integration will enable Guidewire users to access its vehicle inspection tool from within ClaimCenter, expediting and enhancing the vehicle inspection process. “Our technology was built from 360-degree vehicle scans from over half a billion organic images and includes…

Small businesses can now seamlessly bundle insurance policies and benefit from NEXT’s new state of the art workers’ compensation pay-as-you-go offering NEXT Insurance, a leading digital insurtech company transforming small business insurance, and Intuit Inc. ( Nasdaq: INTU), today announced the launch of NEXT Connect for Intuit QuickBooks, an embedded insurance solution that provides customers with seamless access to digital-first insurance products within the QuickBooks ecosystem. Small businesses and accountants can obtain insurance quotes and bind coverage without leaving their QuickBooks account. Additionally, users can benefit from NEXT’s technologically advanced, in-house pay-as-you-go offering for workers’ compensation, consult with a trusted insurance…

Sapiens Reinsurance solution will improve efficiency and enable auditable processing to better serve partners Sapiens, a leading global provider of software solutions for the insurance industry, announced today that AEGIS, a leading mutual insurance company, has selected Sapiens ReinsurancePro to enhance their internal controls processes, automated calculations and reporting. Sapiens ReinsurancePro replaces AEGIS’ complex combination of disparate custom applications and spreadsheets to streamline and optimize processes. “Implementing Sapiens Reinsurance solution will help us manage the increasing volume and complexity of our ceded reinsurance strategy and quickly respond to new reinsurance offerings,” said Scott Schenker, AEGIS Senior VP & CIO. “Sapiens’ solution…

by Alon silberberg, YuviTal CEO  “Like it or not, we are operating in a new era, different options combined with cutting-edge technology allows us to shift the power in the insurer-policyholder’s relationship to the last – in a massive way. So, the question is, “How can I, as a leader of a typical insurance company increase our profitability whilst still playing in the field that is controlled by the policyholder? In my opinion, in order to make this possible, you will need to implement these 3 elements into the core of your business. 1. Data – “The new oil”: Get…

Gallagher has partnered with Novidea to implement and tailor its insurance broking platform for its specialty client base. The platform will be pioneering in the market, revolutionising client service, and covering every stage of the broking lifecycle, from enquiry and quotation to policy issuance, claims, and settlement. Novidea’s insurance management platform provides a data-driven, cloud-based solution built on Salesforce that standardises and automates processes to improve efficiency and deliver an enhanced user experience. The platform has a self-service portal which gives clients secure access from any device to key information including renewals, policies, claims, and analytics. Gallagher’s investment in this…

The company is raising 14 million shekels for the development of an autonomous underwriting system, according to a valuation of 240 million shekels * The company intends raising an additional 200 million shekels in 2023-2024 for obtaining a property insurance license and for developing an autonomous claims system The Choco insuretch company, which operates in the business insurance sector, is on the way to a private offering of ordinary shares to qualified investors and institutions. The company is currently engaged in a capital raising process in order to put up the capital needed by the company and for technological developments.…