We prepare and submit filings, including memos, premium/expense exhibits and rule exception documents. We help insurance companies tailor their coverages, limits, deductibles and wording to ensure customer needs are met and the portfolio grows profitably.
We combine best practice data science and statistical tools with market knowledge of existing filings to ensure recommended rating plans are sound and will be approved by regulators.
We help companies navigate the world of reinsurance. Each case is different, so we regularly partner with market-specific brokers and fronting carriers.
We support claim systems' policy and exposure validation and provide policy administration systems that can be customized and hosted either locally or in the cloud.
We help insurers and agencies with the data warehousing, ensuring the right data is always available in the most helpful format.
We help insurers and agencies get the most out of business reporting, ensuring decision makers always have access to key information and that their advisers can make recommendations in the most compelling way.
We advise on agent licensing requirements, entity formation and connecting specialists with complementary service providers all along the value chain.
We advise startups on various go-to market strategies including making best use of fronting arrangements, forming MGAs, co-brokering or how to re-purpose data assets for use in the insurance industry.
We use innovative methods to connect insurance customers with agents, brokers and carriers.
Bennett P., UberBLACK Philadelphia Operations Manager
When we first launched UberBLACK in Philadelphia, the insurance agency we partnered with had very cumbersome operations, relying on fax communication, only communicating during business hours and with long delays that slowed our operations. The hands off approach by that insurance agent required our insurance carrier to invoice Uber per change, with much administrative overhead leading to a strained relationship. We turned to KibaTech and KibaLife Insurance Services to work with our operations manager in flowcharting our current process and identifying points of inefficiency at each touch point between our agent, our insurance carrier and us. KibaTech modernized the vehicle administration system, enabling us to log in to their system and execute our operations in real time, 24 hours /day. KibaTech's online system also took control of invoicing, batch processing of renewals and instant issuance of insurance ID cards. The new system enables us to serve our partners faster and our relationship with our insurance carrier is more efficient than it has ever been.
Doug Eisold, Allstate Agent
Up until a year ago I occasionally wrote auto coverage for rideshare drivers. Drivers didn’t really know where to go to get rideshare coverage or even which insurers provided rideshare endorsements. It required quite a bit of work for drivers to find me and for me to find drivers. This became more complicated when regulators specified that each driver's personal auto coverage needed a Period 1 endorsement. Drivers had to navigate a complex web of legal requirements and insurance jargon when all they really wanted to do was get coverage and start driving. Then I decided to partner with KibaTech’s new platform RideShareCover connecting Uber drivers with agents specializing in rideshare endorsements. Drivers use RideShareCover to contact agents from multiple carriers at once by submitting a single form. Drivers know that through RideShareCover I am able provide the coverage they need at competitive rates.