Liberty Mutual has launched a new app, ErgoValuator, with the goal of giving commercial insurance customers more insight into potential overexertion injuries. The app was developed with help from Kinetica Labs. It works by recording an employee performing a task, answering some questions, and then transmitting that information to Liberty's risk control unit, which analyzes it for potential injury risk. "Reducing injuries require employers systematically identify risks, evaluate options and implement best practices, which can be time consuming," said Liberty Mutual VP and GM of risk control James Merendino. "We drew on our long tradition of leveraging technology to improve safety – which dates back to the 1980's – to develop an app that relies on sophisticated artificial intelligence to dramatically speed that process."
Travelers veteran David Cartagena has joined ClarionDoor as VP of product development. Cartagena was in IT leadership at the P&C insurer for 10 years; before that he worked at Insurity and LexisNexis. “His experience spans the insurance workflow continuum and perfectly aligns with ClarionDoor’s product suite,” said Michael DeGusta, CEO at ClarionDoor. “David approaches product development from an insurer perspective and that is something that will benefit our customers and improve the customer experience going forward.”
IMA Financial Group is spinning off an insurtech unit, Highwing, after the latter received $4 million in seed funding. The P&C broker will retain a majority stake in the company, which provides data and workflow technology that sits between commercial brokers and carriers. “Our vision is to create an open data ecosystem that gives brokers the ability to rapidly deliver the holistic risk management solutions that today’s midmarket customers want,” said Highwing CEO Erik Mitisek. The investment round was led by a subsidiary of BRP Group Inc., BrokerTech Ventures, and several BrokerTech Ventures members including Holmes Murphy, The ABD Team, Conner Strong & Buckelew and Heffernan Insurance Brokers. Also joining the round: SkyKnight Capital, Revolution’s Rise of the Rest Seed Fund, SpringTime Ventures, Cameron Ventures and Service Provider Capital.
DealerPolicy, an insurtech offering technology to integrate insurance quotes into the online auto-buying process, has partnered with FRINKINtech, which makes a digital sales platform for online dealers. The DealerPolicy API will be added to FRINKINtech's platform, giving customers the ability to see what insurance costs will be on a car and dealers more vision into the buyers' budget.