People Power Develops White-Label IoT Solutions for Insurers
People Power, the Internet of Things (IoT) software company providing white-label solutions for home security, energy and care, announced an accelerated development initiative to refine the company’s leading IoT products for insurers. Bolstered by a growing clientele of top-tier international service providers, the company’s IoT lab is remastering its advanced connected home technology to address the unique needs of insurance providers and their customers.
Insurance-centric IoT products include an array of wirelessly connected devices and machine learning microservices that detect potentially costly residential and commercial occurrences of theft, unwanted intrusion, fluid leaks, frozen water pipes, mold and mildew formation, appliance performance and safety concerns, and more. People Power is able to deliver integrated mobile experiences with certified Amazon and Google voice services through any insurance provider’s brand to reduce claims by sending intelligent early-warning mobile alerts directly to consumers.
Essential to every IoT initiative, People Power makes available the Maestro command center for insurers to deliver IoT device management and services across a large user base. A tool to enroll users, support their needs, issue challenges and offer rewards to keep them engaged, Maestro’s role-based access allows administrators to manage users under their own organization. Additionally, super administrators have the ability to deploy the capabilities of Maestro to multiple organizations, granting each access to their own installation. The web-based command center is able to manage customers and devices, deliver alerts and updates, view IoT device performance and communicate directly with smartphone users.
Critical to IoT program success, insurers also have access to the People Power Data Cube, a real-time cloud based data service that enables analytics, what-if scenario planning and limitless report creation. Scalable to millions of users and compatible with popular data visualization tools and CRMs, business performance management of IoT programs is convenient and affordable with Data Cube. Helping insurers in the creation of machine learning models for greater system intelligence, Data Cube can be injected into IoT programs to optimize service performance.
For more information on People Power, please visit http://www.peoplepowerco.com.
Insurity Enhances Claims Decisions Platform With Improved Cross-Device Functionality
Insurity, Inc., a provider of core insurance processing, data integration, and analytics solutions, announced improved cross-device functionality for their Claims Decisions product that enables insurers to customize role-based user experiences for smartphones, tablets and desktop. Claims Decisions is a claims administration system for property & casualty (P/C) insurers. It supports the entire claims lifecycle; leveraging data analytics to assist adjusters in their decision-making process, and optimizing settlement amounts in real-time to enhance the claim settlement process.
Claims Decisions is built on a microservices architecture, which allows carriers to deploy tailored user experiences and extend their system to agents, insureds, suppliers and claimants. The simplicity of the solution ensures that most users will not require formal training or complex instructions. By supporting claims functionality from any device–anywhere, and at any time–insurers can drastically reduce their time-to-answer for claimants and insureds for a better customer experience.
Additional benefits to the enhanced Claims Decisions include:
- Opportunities to extend the workforce to other parties in the claim process, reduce the workload on staff resources and offer self-service options important to today’s digital natives.
- Improved core claims functions in the areas of vendor management, deductible processing, reinsurance, accounting and reporting; with client control of configuration, workflow and process.
- Access to the industry’s only real-time regulatory change management solution, which greatly reduces the compliance effort of an adjuster as well as the potential for non-compliance fines with embedded regulatory compliance in workflow.
- Support for complete claims functionality from any device to help reduce time-to-answer for claimants and insureds.
- Increased management visibility into organizational effectiveness, workloads and responsiveness; with visualization and analytics for user-defined reporting, KPIs and data driven alerts.
- Access to the P/C industry’s most robust API, which supports data input from more than 100 sources.
SUNZ Holdings, LLC Acquires Case Management Company
SUNZ Holdings announced that it has acquired Ascential Care Partners, LLC, a national URAC accredited case management and utilization review company.
The purchase and associated capital contribution strengthen the financial position of Ascential and substantially enhance the ability of Ascential and SUNZ Holdings to control claims costs for their large deductible workers’ compensation insurance clients.
Was this article valuable?
Here are more articles you may enjoy.