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ITA Pro Weekly, September 24,2021

Bill Sinn | September 24, 2021

Gigaforce and blockchain, Majesco’s agent report, COVID business solutions

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Hot off the presses!

SaaS-based platform provider Gigaforce is leveraging AI, machine learning, and distributed ledger technology (DLT)/blockchain to deliver an integrated, transparent product that connects parties within the claims/subrogation/collection/legal ecosystem. In this week’s Electronic Chat, Gigaforce Founder and CEO Sanjeev Kumar Chaudhry looks at how these tools are advancing the commercial insurance landscape.

 

“People need to understand that blockchain is not all about crypto or non-fungible tokens (NFT). This is a technology that can be used without crypto. This technology platform has so much to offer; the question is, why not use this technology for the solution that requires multiparty engagement, complex audits, time sensitivity, and transparency.”

From omnichannel to digital transformation to AI, the InsurTalk podcast from Guidewire brings you expert insights from people who have driven innovation and turned possibilities into realities. Check out the first few episodes, featuring leaders from Aviva Italy, Economical Insurance, WSIB, and Farmers Insurance.

 

Insurance software solution provider Majesco has commissioned a new Celent research report that looks at independent insurance agents and the digital experience. “Reshaping the Distributor Insurer Relationship: A Survey of Independent Insurance Agents” is based on survey data of 231 independent agents to better understand how they prefer to interact with insurers across a broad set of activities and their current satisfaction with their digital interactions at a transaction level, as well as the activities needed to run the agency.

“Insurers are increasingly focused on digitally enabling the independent agency channel, while exploring new distribution channels,” says Denise Garth, Chief Strategy Officer at Majesco. “This report underlines both the operational and strategic importance of insurer’s accelerating their distribution management maturity through digital transformation from the front-end experience through the back-end distribution management capabilities.”

 

SaaS tech firm Origami Risk has expanded its online solutions to help employers address exposures related to COVID-19 with the addition of new functionality to track employee vaccinations, boosters, post-vaccination protection waiting periods, and weekly testing for employees who waive taking the vaccine.

“Ever since COVID-19 began spreading globally, we have been working closely with our clients to develop new solutions to help address employee health and safety needs, as well as impacts to their operations,” says Earne Bentley, president, Risk Solutions at Origami Risk. “Our ongoing collaboration with our clients continues to drive new and timely functionality that meets their emerging needs.”


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ITA Mission Statement

The goal of the Insurance Technology Association is to provide members with opportunities to collaborate, educate, network, share, and use knowledge related to insurance technology. The ITA serves the insurance technology community as a resource and is dedicated to serving this specialized sector of the industry. Publications and educational programs created by the ITA are geared to professionals interested in or charged with evaluating, implementing, and marketing insurance-specific technology systems or services.

The latest issue of ITA Pro magazine is now available! Just CLICK HERE  

 

In this issue’s cover story, “we look at the “non-negotiables” that insurers are demanding from core insurance systems, and how providers are keeping up.


In "Stick vs. Carrot,” we test drive the new Carrot telematics platform, which enables U.S. and Canadian insurers to rapidly scale next-gen UBI programs to offer drivers gift cards in exchange for sharing data.  


Also in this issue, enjoy a profile of Maple Technologies on their 20th anniversary, an interview with ITA board member Larry Fortin of Millers Mutual Insurance Co., and regular columns and departments including Digital Drip and Launchpad.

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