West Bend said it hopes to use the rating engine for all lines of insurance.
Oracle Insurance is designed to make the underwriting process easier by circumventing the need for IT support. The company said its rules-based interface and scalable engine are easy to use, and help insurers respond to market changes more quickly, better manage policies and meet regulatory requirements.
Startup life insurance brokerage launched in 2021 adds new capability as it expands its reach of carriers and agents using the service.
Four strategies for insurance companies aiming to leverage AI's potential.
El Nino, which brings dry and hot weather to Southern Africa, has decimated harvests of corn across the region.
Insurers embedding coverage in other venues are finding the practice adds risks, and agents point to their value for interpreting coverage to policy buyers.
Allstate found that customers who use Drivewise are 25% less likely to experience a severe collision than those who don't.
Geico, State Farm and Progressive ranked as top three overall in Keynova's Mobile Insurance Scorecard.
