Insurate, Selects CodeEast to Power the Revolution of Workers Compensation Insurance.
Omaha, Nebraska, 14th September 2022. Insurate, an insurtech MGA based in Omaha, Nebraska and Seattle, Washington, is helping companies dramatically reduce their workers’ comp premiums through data-driven profiling. Using its proprietary Safe-Tier™ data modelling underwriting tool, Insurate recalibrates risk and rate for workers’ comp premiums based on a company’s actual safety profile, resulting in lower premiums for safe companies.
Insurate has selected CodeEast’s ONEview Digital Insurance Platform to manage sales, distribution and administration of its workers’ compensation insurance programs.
Josh Dunmire, Chief Underwriting Officer at Insurate, says ‘Insurate is an ambitious underwriter with a strong culture focused on building a win-win-win relationship between the policyholder, the agent, and the insurance carrier. We use advanced data intelligence to discern safe companies from unsafe ones. We combine this data with human intelligence to bring fair pricing to safety-conscious companies in the $22B high-risk workers’ comp market. We utilize data from various platforms to achieve this objective."
Josh continued, “In selecting CodeEast, we looked for an innovative technology partner, which like Insurate, has the ambition and capability to transform workers’ comp insurance. CodeEast’s ONEview Workers Compensation platform is an agile, flexible cloud-based digital solution that removes the complexity involved in the sales, distribution and administration of our workers’ comp programs. It has enabled our vision to become a reality.”
Aidan Brogan, Chief Commercial Officer at CodeEast said, “We are proud of our partnership with Insurate, and we are delighted to support them in their rapid growth. The selection by Insurate of our ONEview system is a strong validation of the flexibility and agility of our cloud-native digital insurance platform.
“The continued growth of CodeEast is a testament to the impact that innovative and creative Irish technology businesses can have in the US and global insurance market,” says Jane O’Sullivan, Trade Development Executive with Enterprise Ireland. “CodeEast is one very clear example of the excellence Irish-born businesses bring to the world.”
Insurate is an insurtech MGA leveraging data science and analytics to identify businesses that are significantly safer than the industry averages, providing work comp savings to companies with a dedicated culture of safety.
For more information, please visit www.insurate.com
CodeEast, is a market leading specialist insurance software company focused on the end-to-end automation of sales, distribution and administration of Countrywide Workers Compensation and other commercial insurance lines. The ONEview Digital Insurance Platform is a cloud-native, componentized, API-First solution enabling digital eco-systems to accelerate the transformation of the insurance industry.
For more information, please visit www.codeeast.com.
About Enterprise Ireland: Enterprise Ireland is the Irish Government's trade and innovation agency. We invest in the most innovative Irish companies through all stages of their growth and connect them to international customers across multiple industries. Our goal is to build successful, long-term business relationships between international companies and Irish partners. With 40 offices worldwide, Enterprise Ireland's teams of industry experts consult with international businesses to understand and solve their business needs.