Markets/covers: Earnix, Guidewire partner; XPT unites brands; Franchise Hotel Program at Suitelife; New hotel umbrella option at Distinguished

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THE BHARAT EXPRESS NEWS INSURANCE NEWS
THE BHARAT EXPRESS NEWS INSURANCE NEWS

Earnix and Guidewire partner

Guidewire and Earnix announced that the two companies have embarked on a joint effort to enable faster adoption and better ongoing performance of their shared offerings. Earnix is ​​a global provider of real-time AI-driven rating, analytical underwriting, dynamic pricing, product personalization and fully operational telematics solutions for insurance and banking. Earnix joined Guidewire PartnerConnect as a: Solution partner at the Select level.

Insurers want to deal better with customers and agents, innovate faster and grow their business efficiently. Achieving these goals requires continually removing frictions in the insurance lifecycle so that insurers can act faster, whether it’s introducing new or improved products, testing price changes, improving the customer experience, or boosting sales. efficiency through automation.

“We are excited to partner with Guidewire to help insurers act faster and smarter,” said Dror Pockard, Chief Strategy Officer, Earnix. “By integrating Guidewire’s Advanced Product Designer and PolicyCenter with Earnix’s Price-it, we will accelerate the speed to value by reducing implementation time and costs and accelerate insurers’ speed to market in defining and updating prices. and products, and testing products in the market. ”

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XPT unites brands to become eXpert partner team

XPT today announced the merger of binding and brokerage businesses Western Security Surplus, Sierra Specialty, LP Risk, SVA Underwriting and WE Love & Associates into one consolidated brand, XPT Specialty – your eXpert partner team.

As a combined group, XPT Specialty’s team of brokers and underwriters has access to more products, programs, carriers and solutions. Based in New Haven, Connecticut, XPT Specialty has created expert concentrations in a wide variety of industries, including transportation, hospitality, agribusiness, contractors, oil and gas, and commercial real estate. Customers can access the best-rated networks from some of the most trusted providers, including those in London.

XPT Specialty offers binding and brokerage solutions for transportation, property and accident risks.

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Suitelife Underwriting Managers Expands Programs

Suitelife Underwriting Managers, a leading general underwriter for full-service hotels, premier hotels, boutique hotels, condo hotels, resorts and hotel management companies, is pleased to announce the addition of the Franchise Hotel program to their portfolio. Suitelife is part of the Ryan Specialty family within the company’s underwriting managers specialty, Ryan Specialty Underwriting Managers, headquartered in Exton, Pennsylvania.

The Franchise Hotel Program focuses primarily on 3-star full-service franchise hotels, limited-service hotels, smaller independent hotels or boutique hotels. The Franchise Hotel program is available in all states except Alaska, Hawaii, and the US territories. The program is endorsed by an A+ rating carrier.

In addition, Suitelife has an alternative market that covers inns, B&Bs, independent, non-franchise hotels, hunting and fishing cabins and coastal locations.

Suitelife has also entered into an agreement with Key Risk Insurance Group (Greensboro, NC) to provide standalone worker compensation.

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Distinguished Programs Introduces New $15 Million Limit Option in Express Hotel Umbrella Program

Distinguished Programs announced the addition of a $15 million limit option to its Express Hotel Umbrella insurance program. The program offers broad coverage, including general liability, alcoholic beverage liability, and auto liability with limits up to $105 million. This program is suitable for well-maintained select-service and medium-sized hotels.

The new $15 million limit offer is an option for brokers who must comply with their client’s franchise agreement without sacrificing coverage and price.

The Distinguished Express Hotel Umbrella program is available nationwide and is supported by all authorized A-rated airlines. The main coverages in the program include a broad form of insured coverage; attack and battery; no exclusion for legionella; abuse and molestation follow form; and liability limits are per location (according to underlying).

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