Insurtech Slice Labs has partnered with Appalachian Underwriters to develop and distribute digital, on-demand insurance.
Under the tie-up, Appalachian will introduce ‘low friction, dynamic, data-driven experiences’ to the insurance buying process.
Both companies have been working together on products that leverage Slice’s Insurance Cloud Services (ICS) platform.
Appalachian specialises in Workers’ Compensation, Commercial Specialty, and Personal Lines offerings. The company looks to strategic distribution with digital ecosystems as a vital element in the direction of growth and engagement.
Appalachian Underwriters president Bob Arowood said: “With greater desire for customized products and instant quotes, agents need digital access to policy details and quotes faster than ever. Slice’s ICS platform is slick technology and exactly what we need to deliver seamless interactions and streamlined underwriting processes.”
Commenting on the partnership, Slice Labs CEO and co-founder Tim Attia said: “It’s great to see companies like Appalachian embracing innovation in insurance.
“In a world of changing markets and customer demands, our digital platform enables smoother operations, and we’re excited to work with Appalachian on these innovative products.”
Slice Labs facilitates cloud-based, on-demand digital services ecosystems. Its Insurance ICS platform enables insurers, technology companies, and other service providers to develop usage-based digital insurance products for their clients.
In April this year, Slice Labs announced that its cloud-based cyber insurance for small to midsize businesses (SMB) will now be offered through the Security Advisor suite of the Lenovo Vantage platform.
Last year, Slice Labs, AXA XL and Microsoft teamed up to boost cyber health and alleviate risks for Microsoft customers.