„HazardHub is the backbone of our data that drives decision-making and pricing within our products.”
Ryan Jesenik, Chief Operating Officer
Orion180
The Challenge
The Solution
RECEIVED 10X MORE DATA WITH HAZARDHUB
TIME TO QUOTE, BIND, AND ISSUE COVERAGE DECREASED FROM 5 MINUTES TO 2 MINUTES
In 2018, Orion180 made its way into the P&C industry. As a startup insurer, built specifically for homeowners, it quickly grew due to its focus on technology and making the process of buying and managing products easier for agents and consumers.
Orion180’s core mission is to provide excellent, results-driven service to independent insurance agents and make it as easy as possible for them to produce business. It is able to do that due to its use of modern technology and accurate data.
In 2020, Orion180 teamed up with Guidewire HazardHub to provide it with comprehensive and accurate data for business insights.
“Since then, HazardHub has become the backbone of our data that drives decision-making and pricing within our products,” says according to Ryan Jesenik, Chief Operating Officer.
Implementation of HazardHub and the integration into Orion180’s core system was seamless. It only took one week. The insurer immediately saw the benefits as it received ten times more data than it previously had received with its other provider.
Orion180 credits HazardHub for helping it solve data issues involved with the pricing of policies. There are scores and grades that HazardHub places on risks and the insurer uses 15-20 of those values to price underlying risks.
During the quote and buying process, the data Orion180 receives from HazardHub helps the insurer decide whether a property and insured is high or low risk.
Orion180 has also accelerated underwriting and agent workflows by providing automation.
Speed of issuing coverage is another benefit that Orion180 has experienced with its use of HazardHub. The pre-fill feature helps agents move more quickly through the quoting process and in turn, provides a faster response to issuing coverage.