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Beazley, Georgia Farm Bureau, travel insurance: Insurtech roundup
August 1, 2022 6:09 AM
IMG, a provider of medical insurance for people who are traveling, is launching a non-medical product with the assistance of the insurtech bolt. Policyholders of the Patriot Travel suite will have the opportunity to add on mobile-device protection insurance, facilitated by bolt, which covers theft, damage or loss of mobile devices while traveling. Bolt says if a claim is made, it will handle the claims process.
Georgia Farm Bureau will integrate One Inc.’s payments platform into its claims process, with the goal of a better claim payment experience for customers, the companies announced. The claims system run by Georgia Farm Bureau is from Sapiens; One Inc.’s platform will integrate into that environment.
Players Health, an insurtech currently operating as an MGA, has launched a comprehensive product for amateur and professional sports leagues using Socotra technology on the back end. It’s sold using Player’s Health’s digital front end. The product includes liability, D&O, and athlete medical coverage and is available in 41 states.
Mountain West Farm Bureau is implementing Verisk’s 360Value for reconstruction cost estimating. “The simplicity of 360Value saves our agents time by dependably prefilling more accurate underwriting information when evaluating a risk, whether it’s related to a home, commercial premises or agricultural property,” said Donny Kaneshiro, vice president of operations and underwriting at Mountain West, in a statement.
Beazley is implementing the Sure Program Underwriting Distribution platform from Insurity for its Personal Articles Floater product. “Adding in automation into the underwriting process will allow us to offer our PAF product more widely in the US, via Insurity’s online platform and APIs, enabling our MGAs to access and distribute our product in a structured and controlled environment,” said Richard Montminy, Group Head of Property Risks at Beazley, in a statement.