Data provider Precisely announced its partnership with OneShield, a digital core systems provider for property/casualty insurers. The collaboration means that customers of OneShield can now take advantage of Precisely’s EngageOne RapidCX service for customer communications. With the integration of EngageOne RapidCX, joint customers will now be able to transform customer communications management for their policyholders and agents, according to a Precisely press release.
OneShield provides a unified platform for insurance companies, combining business systems including enterprise-level policy management, billing, claims, rating, relationship management, business intelligence, and more.
Precisely provides data for 12,000 customers in more than 100 countries. It offers data integration, data quality, data governance, location intelligence, and data enrichment products.
HSB, a provider of specialty insurance and technology services and a U.S. subsidiary of global reinsurer Munich Re, announced it will expand its suite of risk management technologies and financial protections through a strategic agreement with Schneider Electric.
Schneider Electric, a global provider of energy management and automation services, and HSB will distribute their respective services and technologies to each other’s clients. Through their collaboration, the companies will bring their customers a combination of technology products and services for electrical and equipment risks.
HSB also will create new financial products, including warranties and performance guarantees, for customers of Schneider Electric EcoStruxure Power services. In addition, the companies will explore new data products for insurers and their policyholders.
In their first joint effort, HSB will provide performance guarantees for Schneider Electric’s ArcBlok 2500 electrical risk management technology, which helps prevent and limit dangerous electrical arc flashes occurring within industrial motor control centers and electrical switchboards. ArcBlok’s arc flash isolation technology includes safety and loss prevention features, provides a low carbon footprint, and is designed to deliver a long lifecycle of protection.
The alliance with Schneider Electric will serve as an anchor for expanding Munich Re and HSB’s IoT solution ecosystem, which spans risk management technologies for non-weather water, fire, and equipment failure, according to a company press release.
Blink Parametric formed a partnership with travel wellness subscription platform, Sanctifly. The two companies have joined forces to offer a technology-driven, real-time Flight Delay Benefit to Sanctifly travelers across the globe.
With immediate effect, Sanctifly’s membership includes a new service that provides Sanctifly points to travelers that experience a more than two hour flight delay. These points can be applied against a range of travel benefits, such as airport lounge passes, gym, swimming pool access, or airport massage.
Sanctifly is a membership app that gives travelers access to relaxation and fitness options at airports around the world. Members receive customized advice, hints, tips, and information on how to spend between one and six hours of a delay or layover before, after, or between flights at 175 international airports. Its service options include access to runs, gyms, pools, spas, quiet zones, meditation and yoga spaces, lounges, shower and sleep facilities, and healthy places to eat. Sanctifly members also get access to airport hotels’ fitness, wellness and relaxation facilities without having to book a room.
Accessible through the Sanctifly app, paid customer membership will include up to eight return flights – 16 flights in total – per membership year eligible for Flight Delay Benefit. Sanctifly members can now pre-register any booked flight at least 24 hours prior to departure via the new Flight Delay Benefit tile within the Sanctifly app.
From that point, the Blink Parametric engine will monitor the flight in real-time and will automatically notify the Sanctifly system and traveler when a two-hour flight delay occurs, triggering an automatic award of 100 Sanctifly points direct to the traveler’s account. The Sanctifly member can then choose to use and redeem those points within the Sanctifly App on a range of applicable benefits at that point in time or save the points for future use.
Blink, a parametric-as-a-service InsurTech was founded in 2016 and is focused on a flight disruption travel insurance service to prove its parametric platform. It launched Blink Parametric in 2020, offering a suite of parametric insurance services across the travel, climate, energy, and business interruption sectors
Sources: Precisely, HSB, Blink