Insurance Technology: Catalyit; CyberCube; Tremor; TransUnion and e2Value

October 21, 2021

Anderson, Catalyit Offer Technology Resource for Agents

Headed by agency technology consultant Steve Anderson, Catalyit has assembled a team of insurance industry tech experts to launch a new technology resource for independent insurance agents. The Catalyit platform promises to bring together tech consulting, training, tools, reviews and community in one place.

The platform includes more than 20 product guides, including reviews by peers and experts, to help agents solve their top agency tech needs and compare providers. Guides include agency management systems, agency productivity, chatbots, customer relations management, cybersecurity, data analytics, digital marketing, digital payments, education and training, lead generation, mobile apps, quoting platforms, and website development.

It also offers technology education including live coaching, product demos, on-demand classes, and a video vault.

“I can’t say this enough: the number of ways agencies can leverage technology to increase profits and serve customers is nearly unlimited. But time, know-how, and fear of risk are getting in the way. Catalyit will solve it for them,” said Anderson, co-founder and CEO of Catalyit.

Catalyit is being joined by the Big I state associations of New York, New Jersey, North Carolina, Louisiana, Wisconsin, and Texas, and the Professional Independent Insurance Agents of Colorado.

Catalyit is accepting new agency subscribers through December 15, 2021, when the open enrollment period expires until 2022.

CyberCube Launches New Edition of Account Manager

Cyber risk analytics firm CyberCube has launched Version 3 of Account Manager – its software-as-a-service application that enables insurance underwriters to make efficient, data-driven risk selection decisions.

This new version of Account Manager addresses needs in today’s market. Over the past two years, losses have been on the rise due to ransomware, phishing, business email compromise, and other types of cyber threats. Account Manager Version 3 provides new risk indicators including ransomware-specific insights. In addition, Version 3 offers a financial loss model that helps underwriters make more informed pricing decisions through an objective analysis of the loss potential of a company.

The insights in Account Manager are derived from a database of firmographic, technographic, and cyber security data points that are transformed into statistically significant risk indicators of cyber incidents.

TransUnion Offers Property Replacement Cost Estimations With e2Value

TransUnion and e2Value are partnering to deliver up-to-date property replacement cost information, with a seamless quoting experience along with an enhanced ability to identify possible changes in risk to a property post-bind.

TransUnion’s personal property insurance product suite can now be delivered alongside e2Value’s Pronto solution, giving clients access to the most current information about a property’s replacement cost, including fluctuating labor and materials pricing that can occur in the wake of natural disasters and other disruptive trends.

“The pandemic will likely keep reconstruction costs volatile over the next 12 to 18 months, posing a challenge for attaining accurate replacement cost assessments,” said Mark McElroy, executive vice president of TransUnion Insurance Solutions. “TransUnion’s partnership with e2Value allows us to deliver instant, accurate and up-to-date insights on various local market demands that impact replacement costs. This solution allows carriers to better assess risks for new business as well as their existing book, and protect consumers from finding out too late that they are underinsured.”

TransUnion’s existing property insurance products allow for pre-filled property insurance applications; provide intelligence on occupant risk; and flag risk factors, including changes to occupancy, business on premise and insurable interest. The partnership bundles those offerings with e2Value’s replacement cost capabilities.

Reinsurance Platform Tremor Rebrands for 2021 Renewal Season

Boston-based Tremor Technologies, Inc., an online reinsurance pricing and placing platform, released Tremor Marketplace 2.0 along with a new logo.

“Bringing modern risk transfer capabilities to the reinsurance marketplace by optimally matching risk to capital using modern trading technologies has been our focus from day one,” said Sean Bourgeois, founder and chief executive officer.

He said Marketplace 2.0. offers buyers and sellers of reinsurance a state of the art user experience “on par with the most advanced and sophisticated capital market trading platforms in the world.”

Marketplace 2.0 offers greater interactivity, price discovery and allocation capabilities. The trading experience is more intuitive and easy to use while the graphical interface and interactive charting “brings the entire reinsurance marketplace to life.”

Topics InsurTech Tech

Was this article valuable?

Here are more articles you may enjoy.