Digital innovation in insurance
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OP Life Assurance adopts Guidewire Jutro Platform
Yahoo Finance· 2025-10-10 09:39
Core Insights - OP Life Assurance has adopted the Guidewire Jutro Digital Platform to enhance its digital capabilities and improve sales team performance [1][2] - The implementation of Guidewire PolicyCenter and BillingCenter on the Guidewire Cloud Platform aims to transform OP Life Assurance's term life insurance offerings [1][2] Digital Transformation - The Jutro Digital Platform is designed to enhance sales channel capabilities, aiding in new business acquisition, customer retention, and partner engagement [2][4] - Customers can now purchase life insurance and additional coverage for critical illness and disabilities through both digital channels and insurance sales agents [3] Competitive Advantage - The Jutro Platform allows for the updating and deployment of products across all digital channels and partner networks, facilitating the creation and testing of digital customer journeys [3][4] - OP Life Assurance is the first life insurance company to implement the Guidewire Jutro Platform, positioning itself to innovate in IT and reduce the risk of losing market share to competitors [2][4] Partnership and Support - CGI, a partner of Guidewire, assisted OP Life Assurance in the implementation of the Jutro Digital Platform [4][5] - The platform enables insurers to build reusable and brandable applications, integrating seamlessly with Guidewire's core policy, claims, and billing systems [5]
The Hanover Launches Workers' Comp Advantage to Simplify, Expedite New Business Process for Small Commercial Clients
Prnewswire· 2025-07-24 20:15
Core Viewpoint - The Hanover Insurance Group has launched Workers' Comp Advantage, a new platform aimed at simplifying and accelerating the quoting and binding process for small business clients [1][2]. Group 1: Product Features - Workers' Comp Advantage allows agents to deliver bindable quotes in less than two minutes, with up to 90% straight-through processing for many target classes [3]. - The platform includes a sleek, intuitive interface that integrates with the company's business owner's policy, simplifying the quoting experience [9]. - Agents can quote using just seven pieces of information due to prefilled fields, enhancing the efficiency of the process [9]. Group 2: Value-Added Services - The platform provides access to additional services such as Nurse Triage 24 for immediate injury response and Hanover EZ Pay, a pay-as-you-go billing option for workers' compensation [4][5]. Group 3: Availability and Expansion - Workers' Comp Advantage is currently available in Idaho, Illinois, Indiana, Maryland, New Hampshire, Utah, Vermont, and Virginia, with plans to expand to South Carolina and Tennessee in August [6]. Group 4: Company Overview - The Hanover Insurance Group is a major player in the U.S. property and casualty insurance market, offering a range of insurance solutions through independent agents and brokers [7].