Propeller Inc., an InsurTech managing general agency specializing in surety bonds, has signed an agreement with Amwins, a specialty insurance distributor in the U.S., to serve as a preferred surety partner to its network of more than 25,000 retail agencies.
The partnership focuses on delivering Propeller’s proprietary, white-labeled (URL) technology to agents and brokers, allowing the surety bond process to become fully automated from application to billing and issuance. Propeller onboards agents in minutes for free, with no premium requirements.
The Amwins and Propeller Bonds rollout will commence immediately with continued efforts throughout the year.
Tractable, a provider of artificial intelligence to accelerate accident and disaster recovery, will integrate its services into Duck Creek Technologies’ platform. Duck Creek Technologies is a provider of core system services to the property/casualty and general insurance industry.
Tractable’s AI services use photos to automate auto damage appraisal, allowing insurers to improve claims accuracy and reduce turnaround times.
Among the Tractable services that will be available to Duck Creek customers is AI Triage, which uses computer vision to scan vehicle images and instantly generate damage reports at first notice of loss. Tractable’s AI Review, which uses AI to review claims, and AI Subro, which uses AI to streamline subrogation tasks, will also be available to Duck Creek customers.
Insurity, a provider of cloud-native and fully-configurable policy, billing, claims and analytics software, announced that workers compensation carrier Victory Insurance has selected Sure Claims Payments to expand digital payment optionality for claimants.
Victory Insurance is a workers compensation insurance carrier, as well as a licensed managing general agency, providing nationwide policy and claims service capabilities to carrier partners. In addition to offering workers compensation insurance to employers, Victory offers carriers, MGAs and program managers customized production, underwriting, policy administration, claims administration, regulatory filing support and other services in all 47 private workers comp states.
Victory currently leverages Insurity’s comprehensive workers comp suite.
Sources: Propeller, Tractable, Insurity