Marias Technology, a provider of software testing and implementation services to the insurance industry, has been selected by Cumberland Mutual Fire Insurance Company (Cumberland) to assist with quality assurance and user acceptance testing.
Marias Technology, headquartered in Covington, Ohio, a privately held company, offers insurance technology services to property/casualty insurance companies.
The company’s services range from system testing and configuration, to defining specifications and defect analysis and investigation.
Founded in 1844, Cumberland Mutual Fire Insurance Company is the oldest mutual property and casualty insurer domiciled in the state of New Jersey.
Cumberland protects more than 100,000 policyholders in New Jersey, Pennsylvania, Delaware, and Maryland. Located in Bridgeton, New Jersey, Cumberland holds an A- (Excellent) financial rating from the A.M. Best Company, the insurance industry’s leading rating organisation.
Under the terms of the agreement, Marias will test changes and updates to the system, including quality assurance and user acceptance testing, in coordination with Cumberland staff members.
Noel Young, assistant vice president, strategic business unit, at Cumberland, said, “What attracted us to Marias was their high level of experience testing software systems for companies like us. The Marias team knows our system. So, they were able to get to work immediately with no ramp-up time.”
Christopher “Chris” Haines, president and CEO of Marias, added, “We greatly appreciate this opportunity to work with Cumberland. We look forward to working with Noel and her team to leverage our insurance system experience to help Cumberland continue to operate at the high level for which they are known.”
Earlier this year, ZestyAI, a provider of climate and property risk analytics solutions, partnered with CSAA Insurance Group for wildfire risk assessment. To help gauge property-level wildfire risk, CSAA plans to integrate ZestyAI’s Z-FIRE solution into underwriting and rating processes for homeowners’ insurance.
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
