insurance technology News

Zywave Buys Workers’ Comp Software Firm Modgic

Insurance technology provider Zywave has acquired Modgic, an Oregon-based provider of workers’ compensation and experience modification analysis software for the commercial insurance industry. Financial terms were not disclosed. Zywave, based in Wisconsin, said the combination will help strengthen its market …

Carriers Struggle To Transform Innovation Efforts Into Results: AM Best

Although COVID-19 forced many insurers to seek out innovative solutions, most companies still have room for improvement, according to rating agency AM Best. In a recent analysis of innovation assessment scores, which the rating agency first introduced into the rating …

Insurity Completes Acquisition of Instec

Property/casualty insurance software firm Insurity has completed its acquisition of Instec, a cloud software maker for mid-size property/casualty carriers, managing general agencies and specialty insurers. Terms of the acquisition were not disclosed. Insurity said the deal further increases its support …

Insurance Techknowledgy: Bold Penguin and Thimble, Vertafore and Nationwide, eMaxx

Catching up with insurance technology developments involving Thimble and Bold Penguin, Vertafore and Nationwide, and eMaxx …. Insurtech Bold Penguin is making it easier for agents and small business customers to secure to coverage by the month or by the …

Beazley Forms Digital Business Unit to Transform Tech Strategy, Led by Fantozzi

Specialist insurer Beazley has unveiled a new digital business unit to transform how the company develops, underwrites and delivers digital insurance solutions for clients and brokers. Existing digital initiatives and platforms created to further Beazley’s digital capabilities will now be …

Insurance Techknowledgy: Hippo, Vertafore, Monte Carlo, Marble, Coterie, Buckle and More

Home insurer Hippo is partnering with ADT to add smart home services and discounts for home insurance customers. Hippo customers in select states who enroll in its smart home program will be offered free installation of an ADT smart home …

Future of the Insurance Industry and Who Owns It: 3 Scenarios From Verisk’s Anquillare

The question is not whether the future of the insurance industry is bright. “Few industries are better positioned for outstanding growth over the next 15 years,” insists Verisk’s Mark Anquillare. Anquillare points to the giant global protection gap between what …

CCC Information Services Going Public in $7 Billion Blank Check Transaction

CCC Information Services said on Wednesday it was going public through a merger with blank-check firm Dragoneer Growth Opportunities Corp., in a deal valuing the data and technology provider to automotive and insurance companies at about $7 billion. The deal …

Duck Creek Shares Jump; Coronavirus Drives Insurance Technology Demand

Shares of Duck Creek Technologies Inc. soared on their Nasdaq debut on Friday, after the software company serving the property and casualty insurance market raised $405 million in its upsized initial public offering (IPO). The stock jumped as much as …

P/C Insurance Software Firm Duck Creek Hikes IPO Price Range

Duck Creek Technologies Inc., a software company that serves the property and casualty insurance market, on Wednesday raised the price range for its initial public offering (IPO) and expects to raise about $375 million. Boston-based Duck Creek, which is backed …