Betterview, an InsurTech serving property/casualty insurance companies, announced that Co-operative Insurance Companies selected Betterview’s Remote Property Intelligence Platform to help reduce expenses associated with loss control.
Co-operative Insurance, a mutual insurer underwriting homes, farms and commercial properties in Vermont and New Hampshire since 1915, has long relied on an internal loss control department for underwriting risk assessments, according to a Betterview press release.
Co-operative President Lee Dowgiewicz said in the release that Betterview has given the company a tool that will streamline this process, cutting down expenses and allowing it to be more selective.
Betterview’s Remote Property Intelligence Platform, including the integrated PropertyInsight tool and Roof Spotlight Index, leverages aerial imagery, proprietary machine learning (ML) algorithms, and third-party partner data to give property/casualty insurers like Co-operative a better understanding of risk.
BrokerTech Ventures (BTV), a broker-led convening platform and accelerator program, added two new insurance company partners, EMC Insurance Companies and AF Group.
EMC Insurance Companies has more than 2,400 employees. Employers Mutual Casualty Company (EMCC) was organized in 1911 to write workers’ compensation protection in Iowa. Today, operating under the trade name EMC Insurance Companies, the company provides property/casualty and life insurance products and services throughout the U.S. and writes reinsurance contracts worldwide. EMCC is licensed in all 50 states and the District of Columbia.
AF Group is based in Lansing, Michigan. Insurance policies may be issued by any of the following companies within AF Group: Accident Fund Insurance Company of America, Accident Fund National Insurance Company, Accident Fund General Insurance Company, United Wisconsin Insurance Company, Third Coast Insurance Company, or CompWest Insurance Company.
The addition of these insurance brands brings the BTV industry portfolio to 15 brokerage firms in North America and 15 insurance companies and wholesalers with both domestic and international presence.
In addition to its broker and carrier partner portfolio, BTV now also represents 24 InsurTech companies between its BTV Accelerator and Early-Stage Investment towers of operation, with investments and commercial engagements in each.
BTV is based in Des Moines, Iowa, and was founded in 2019.
Auto repair network RepairPal, announced a partnership with InsurTech Trellis, a company aiming to streamline car insurance decisions for consumers.
Starting January 18, consumers using the RepairPal website can take advantage of Savvy, Trellis’s platform for comparing and buying car insurance plans.
Trellis provides digital services that help consumers get value from their insurance. Investors in Trellis include QED Investors, General Catalyst, and NYCA Partners.
Established in 2007, RepairPal connects consumers with certified trustworthy mechanics throughout the U.S. RepairPal’s network consists of thousands of facilities nationwide that undergo a certification process to ensure they are high quality, offer at least a 12/12 warranty, and have a high customer satisfaction rating and guaranteed fair prices.
Sources: Betterview, BrokerTech Ventures, RepairPal