InsurTech Send Technology Solutions Ltd, based in the UK, announced its first U.S. partnership with Bowhead Specialty Underwriters Inc., a provider of specialty liability coverages.
The deal sees Bowhead using Send’s commercial insurance platform, which enables insurers around the world to automate, streamline and optimise their operations.
The Send Underwriting Workbench, which supports and facilitates the underwriting process from submission to bind, is already used by a number of UK carriers. The composable platform incorporates automation, third-party and AI-enabled data usage and offers flexible components such as integrated pricing and bordereaux management.
New York-based Bowhead writes professional liability cover, including directors and officers, management liability, errors and omissions, healthcare and casualty lines.
Send is an InsurTech software company based in London.
HawkSoft, an Oregon-based insurance technology developer, entered 2022 with its first new API partner of the year, partnering with Pathway, a Canadian insurance agency automation platform.
Pathway creates automation solutions that help independent insurance agencies connect to their customers, increase revenue and attract new business. It achieves this by enabling agencies to manage and streamline client-facing communications like email and text. The platform also gives an agency the ability to leverage online forms for collecting leads and the ability to provide insureds with a digital wallet for insurance details.
The Partner API allows Pathway to automatically populate client and policy information from the HawkSoft agency management system into Pathway. Mutual customers of Pathway and HawkSoft can enable API integration using HawkSoft’s Marketplace.
Since 1995, HawkSoft has been a provider of management systems for independent insurance agencies, created by independent agents.
Betterview, an InsurTech provider of property intelligence to property/casualty insurance companies, announced that Stillwater Insurance Group will implement Betterview’s PropertyPulse to flag modifications to insured properties that may require additional underwriting assessment or risk mitigation steps.
Stillwater’s mix of insurance professionals have been providing a suite of personal insurance products and a growing line of commercial property products since the early 2000s.
As part of the complete property coverage provided by Betterview’s Remote Property Intelligence Platform, PropertyPulse uses historical imagery to show how property conditions have changed over time. This feature is useful during the claims process and can be instrumental in fraud detection. PropertyPulse aims to enable significant improvements in Stillwater’s claims and underwriting processes, according to a Betterview press release.
Betterview’s Remote Property Intelligence Platform uses aerial imagery, machine learning, and third-party property data to give a holistic view of property risk to help Stillwater reduce loss adjustment expenses (LAE), identify potential fraud faster, and build a more positive customer experience.
Sources: Send Technology Solutions, HawkSoft, Betterview