tigerlabs PaaS Insurance Solution “i2go” is about to launch a new No-Code insurance product configurator for insurers to bring their products faster to the market without the need of IT-support. i2go, an insurance platform as a service helps insurance businesses to offer an end-to-end digital experience for customers as well as their system users. Now, i2go is about to launch a No-Code product configurator, which enables Insurance Businesses to develop new insurance products faster and without the need of any IT support. The No-Code concept in i2go rating enables insurers…
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Google buys minority stake in insurance agency software provider, Applied Systems
The purchase was made through CapitalG, Alphabet’s growth equity investment fund. Google has purchased a minority stake in a company called Applied Systems, which provides insurance agency software, cloud based software and other tech for independent agencies. CapitalG was also the investment firm behind the funding for Airbnb, Lyft, SurveyMonkey and Zscaler. CapitalG is the growth equity investment fund at Alphabet, Google’s parent company. As of the time of the writing of this article, neither CapitalG nor Applied Systems have disclosed any of the financial details of the deal. That…
Read MoreAllianz reveals self insurance products blockchain prototype
The global insurer has unveiled a new type of prototype designed for up and coming forms of coverage. Allianz has unveiled a brand new type of blockchain prototype which has been designed for self insurance products. It was first announced yesterday and reflects a new form of insuring customers that many predict will be a defining way for the industry to move ahead. The prototype makes it possible for a company to create a self insurance or captive type of policy. Using this form of blockchain prototype, Allianz can equip…
Read MoreVeruna Launches, Delivering Dynamic, Flexible Technology to Empower Insurance Agencies
Independent insurance agencies have suffered through restrictive agency management technologies for decades. The launch of Veruna marks a new beginning and new approach to the technology backbone of insurance agency management. Veruna has already grabbed the attention of the insurance industry by winning the 2016 ACORD Insurance Innovation Challenge, an annual insurance technology competition that identifies significant and sustainable innovation for the insurance industry. The company is also a recipient of a 2016 ACORD Leadership Award, a prestigious honor that recognizes those who have gone above and beyond in guiding…
Read MoreSoftware is making the insurance industry more efficient
Technology is becoming a powerful tool for insurance companies IBISWorld, a global business intelligent organization, has released a new report concerning the effect that new technology is having on claims processing in the U.S. Claims are nothing new for the industry, but how insurers deal with the claims they receive has been evolving rapidly over the years. As new technology becomes available, insurance companies are finding better ways to manage claims and process these claims at a more rapid pace. Insurers are also become more adept at weeding out fraudulent…
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