An update on the latest insurtech happenings from in and around Massachusetts…
WinRater Retirement officially begins this week
As many in the Massachusetts insurance industry already know, Boston Software is in the midst of transitioning its users from WinRater to SinglePoint. Starting this week , the company will begin to officially retire WinRater, which has been the quoting program for the majority of the Massachusetts insurance industry for over two decades.
On Wednesday, Oct. 3, we will begin to restrict access to WinRater to a small group of agencies. We will do this each day through Wednesday, Oct. 17 until all agencies are transitioned to SinglePoint online rating. This staggered rollout/retirement will allow us to provide agents with appropriate service should they need help setting up or learning SinglePoint…
The company also announced its last rate change to WinRater in the same email…
We solemnly and with heavy heart inform you that we processed the final rate change to WinRater Auto and Home Rating Software. Yes, that is Taps playing quietly in the background. Fittingly, it was a FAIR Plan rate change, one that will reach virtually all of our customers.”
For those unfamiliar with SinglePoint, it is the company’s new web-based product. According to Boston Software’s latest update, all is proceeding well, with SinglePoint now handling the majority of quoting volume for the company. It noted that on September 5th, SinglePoint issued over 25,000 quotes.
In addition, agencies now have the option of integrating their agency management systems with the new Single Point as well. To learn more about SinglePoint, continue on to the Boston Software website.
To learn more about Boston Software’s history, please refer to our 2015 Interview with Boston Software Co-Founder Charlie Walsh entitled, “How WinRater Came To Be: A Chat With Boston Software’s Charlie Walsh.”
CoverHound and Clearsurance Partner to Enhance Transparency for Insurance Consumers
Mass.-based insurance rating and review platform, Clearsurance, has announced a new partnership with the online insurance platform CoverHound.
“We are excited that CoverHound has become a subscriber to the Clearsurance community of insurance consumers, as our two companies share a commitment to empowering insurance consumers by offering transparent insurance choices and competitive rates,” said Michael Crowe, Clearsurance CEO and co-founder.
“CoverHound’s goal of continually exceeding its customers’ expectations is reflected in their customers’ reviews and feedback. CoverHound is leveraging that feedback to promote their services, and to-date, the feedback has been overwhelmingly positive – with 79 percent of their reviews receiving a 4- or 5-star rating (out of 5).
“CoverHound has partnered with over 55 carriers to help consumers compare with confidence. By leveraging Clearsurance’s API, CoverHound is positioned to provide consumers with the most data-driven metrics upon which consumers can base their buying decisions,” said Crowe.
Keith Moore, CEO and President of CoverHound said, “We’re thrilled to partner with Clearsurance, an innovative company that shares our mission of prioritizing stellar customer feedback above all else. Together, we have an opportunity to fundamentally transform the insurance industry by delivering unprecedented transparency, and we look forward to building further consumer trust through our combined forthrightness and commitment to customer experience.”
To date Clearsurance says that is has over 120,000 consumer reviews of nearly 500 insurance companies and third party online sellers.
Insurtech Boston returning next Spring
In a September 17th message, the team over at Ask Kodiak announced that the next Insurtech Boston will be taking place in the Spring. As many who have attended past events, this means that there will no November event this year.
Ask Kodiak will be attending this week’s Insurtech Connect and so mentioned in the same email that if anyone else is attending and wanted to connect to email the team here hi[at]askkodiak.com.
