Nexilis and HazardHub Form Partnership to Further Accelerate Insurance Digital TransformationNexilis teams with HazardHub to integrate comprehensive property risk data into the Nexilis Insurance platform, adding a next generation level of innovation insurers can utilize to execute transformational, digital Underwriting and Claims processes. Nexilis and HazardHub today announced they have entered into a strategic partnership to accelerate insurance digital transformation using HazardHub’s comprehensive property-level hazard risk data and analytics, integrated within the Nexilis cloud-native, microservices-based digital insurance platform.
Nexilis provides a configurable, core insurance platform, running on the AWS Cloud, that enables Insurers and MGA’s (Managing General Agents) to quickly stand-up new products, and create new digital operating models at low cost. Incorporating key strategic partners like HazardHub into their ecosystem provides Insurers with a one-stop shop for necessary data and analytics to transform their businesses.
The Nexilis/HazardHub partnership provides Insurers and MGA’s with an unparalleled opportunity to seamlessly incorporate vast amounts of geospatial digital data into easy-tounderstand answers, providing risk assessments in the Underwriting process to enable better decision making and more opportunities for straight through processing. “HazardHub’s comprehensive property data is a tremendous resource for insurance organizations," said Thad DeBerry, Co-founder and CEO of Nexilis. “We are excited to add HarzardHub to our partner ecosystem, creating significant value for our customers.” “We believe that the market Nexilis is targeting is severely underserved by existing providers” said John Siegman, Founder & CCA of HazardHub. “We are looking forward to working with them to reach this space and helping their customers write better policies.” Nexilis notes that a top inhibitor for digital transformation among MGA’s and small to mid-size insurers is the cost and time it takes to integrate key data sources with the core processing platform. Insurance organizations can significantly benefit from the partnership created by Nexilis and HazardHub.
About NexilisNexilis is a Delaware based LLC Insurtech company, with a highly configurable Insurance as a service platform that enables Insurers and MGAs to quickly integrate complex technologies and data delivering outstanding customer experiences. Their accomplished leadership team of Insurance and Technology experts have used their combined 100+ years of experience in Insurance to innovate and deliver this truly unique, AI driven cloud platform specifically for the insurance market.
Nexilis offers a configurable, AI driven, insurance platform and services that manage all underwriting and product distribution needs for P&C Insurers. The innovative technology enables insurers and MGAs to quickly launch new and existing products integrated with emerging technologies such as IoT devices, 3rd party data sources, and the latest insurtech capabilities to create world class customer experiences. Insurers and MGAs can utilize the Nexilis platform to streamline their underwriting process to the point of straight through processing, create new distribution models, and enter new markets by applying AI to third party and internal data.
For more information, visit: https://www.nexilis.com/
About HazardHubHazardHub is the only third-generation provider of property-level hazard risk databases. Our team of scientists translates huge amounts of geospatial digital data into easy-to-understand answers, providing risk assessments that can be used to make real-world decisions. HazardHub provides comprehensive, national coverage for risks that destroy and damage property, including perils from air (wind, hail, tornado, lightning), water (flood, coastal storm surge), earth (earthquake, brownfield, Superfund) and fire (wildfire and fire protection.) The principals of HazardHub together have over 75 years of experience in the creation, modeling, deployment, and support of large geospatial databases. Hazard databases require PhD level expertise to translate huge amounts of geospatial digital data into easy-to-understand answers that can be used to make real world decisions. We apply the experience and expertise we’ve developed to create the best hazard datasets available, along with our easy to understand “scores” that give a quick yet comprehensive look at any property in the continental United States.
For more information, visit: https://hazardhub.com/