Allianz Partners and bolttech announced a partnership to provide embedded device and appliance protection insurance across Asia Pacific and the U.S.

The strategic cooperation agreement aims to bring together each company’s complementary strengths to offer solutions enabling business partners to add insurance and protection products to customer journeys at the point of need.

The cooperation between Allianz Partners and bolttech will deliver embedded solutions for business partners such as retailers and e-tailers for electronic products and household devices, telecommunication providers, banks, insurers, and original equipment manufacturers.

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Verisk, a global data analytics and technology provider, announced that Citizens Property Insurance Corporation, a not-for-profit insurer in Florida, will adopt Verisk’s Aerial Imagery Analytics solution to help provide a more comprehensive view of risks across the state.

Verisk submitted a proposal to provide the service to Citizens, which evaluated the solution against competing vendors for analytic breadth and accuracy.

Verisk collaborates with Vexcel Data Program, the world’s largest aerial imagery program, to source imagery and elevation models and then applies computer vision machine learning to derive its library of imagery analytics for property/casualty insurers.

Ultra- and high-resolution aerial imagery is available, covering 99.6 percent of U.S. structures today. The imagery is refreshed up to three times each year in urban areas, with analytics pre-processed to enable data delivery and automated underwriting.

In addition to Aerial Imagery Analytics, Citizens is also licensing Roof Age, Homeowner Data, and Property History Solutions from Verisk.

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Hourly.io, a workers’ comp and payroll startup, has selected Origami Risk’s multi-tenant software-as-a-service property/casualty core solution to bring automation to its insurance platform for small and mid-sized businesses with hourly and mobile workers.

Hourly will use Origami’s API to quote policies. The platform integrates rates and rules from NCCI and other bureaus with Hourly’s underwriting models. Hourly combines payroll with time and attendance data to determine workers’ comp premiums. The rating information will be instantly applied to applications submitted by insurance agents and brokers through Hourly’s instant quote portal.

Origami Risk offers a full suite of end-to-end, integrated SaaS solutions for policy, rating, billing, loss control and claims administration, reporting and analytics, along with a digital engagement experience for all internal and external stakeholders.

Established in 2018, Hourly offers workers’ comp insurance and an integrated platform that connects workers’ comp, time tracking, and payroll in real time.

Sources: Allianz Partners, Verisk, Hourly.io