The insurance landscape is constantly evolving, driven by technological advancements, shifting customer expectations, and a dynamic global economy.
In this environment, strategic partnerships have become more critical than ever, enabling insurers to expand their reach, enhance their offerings, and navigate complex market challenges. Insurtech Insights delves into the top 15 partnerships that are poised to reshape the insurance industry in February 2025.
From innovative Insurtech collaborations to cross-industry alliances, these partnerships represent the cutting edge of strategic collaboration and offer a glimpse into the future of risk management and financial protection. Join us as we explore the key players, the driving forces behind these collaborations, and the transformative impact they are expected to have on the industry.
Zurich Insurance Partners with Zeekr Hong Kong
Zurich Insurance has announced a new partnership with Zeekr Hong Kong, a leading provider of premium electric vehicles (EVs).
Zurich Insurance has announced a new partnership with Zeekr Hong Kong, a leading provider of premium electric vehicles (EVs).
The collaboration will see the development of a comprehensive insurance plan specifically designed for Zeekr Hong Kong EV owners, offering tailored coverage and services that align with their eco-conscious values.
A spokesperson said: “By collaborating with Zeekr Hong Kong, we offer our customers a unique insurance plan designed specifically for EV owners, providing them with peace of mind as they embrace cutting-edge technology. It is a significant step forward with Zeekr Hong Kong towards supporting our shared vision of empowering our customers in their journey towards a greener and quality lifestyle.”
Cachet Partners with HDI Global
Cachet, a leading provider of insurance technology, has announced a new partnership with HDI Global SE and Bolt Drive in Germany.
The collaboration marks a significant milestone for Cachet, extending its presence in the German market and solidifying its position as a leader in innovative insurance solutions for the mobility sector.
Through this partnership, Cachet will provide its comprehensive insurance technology platform to support Bolt Drive’s fleet operations. This marks the first time Cachet’s full platform, including its data-driven approach to risk management and tools to incentivize safe driving, will be utilized across all verticals in Germany.
The partnership comes as Germany emerges as a major player in the European shared mobility market. With the increasing demand for ride-hailing, delivery, and other on-demand transportation services, fleet owners are seeking innovative insurance solutions that can adapt to their evolving needs and help them manage the associated risks effectively. Cachet’s technology is uniquely positioned to address these challenges by providing flexible, data-driven insurance coverage that evolves alongside the changing demands of the mobility landscape.
SBLI Partners with Swiss Re
SBLI has announced a partnership with Swiss Re to implement Underwriting Ease, an innovative tool designed to streamline the life insurance underwriting process.
This advanced solution integrates seamlessly into existing workflows, enabling underwriters to quickly assess key risk factors, accelerate decision-making, and enhance operational efficiency.
Swiss Re’s Underwriting Ease aligns with SBLI’s commitment to leveraging data-driven approaches to optimise risk evaluation. By simplifying the underwriting process, the platform empowers underwriters to make faster, more informed decisions, reducing manual effort and ensuring a more consistent approach to risk management.
Brian O’Connell, Chief Underwriter at SBLI, emphasised the transformative potential of the solution “Swiss Re’s Underwriting Ease solution provides a powerful, data-driven approach that streamlines risk assessment and accelerates decision-making. By summarising key aspects of risks in a user-friendly interface, it empowers underwriters to make faster, more informed decisions—going beyond mere automation to truly enhance the underwriting process. This solution not only saves time but also ensures a more accurate, consistent approach to managing risk, which is crucial in today’s fast-paced insurance landscape.”
Cytora Partners with Smarty Partner
Cytora, a leading digital risk processing platform, has announced a strategic partnership with Smarty, an advanced property data solutions provider, to redefine property underwriting and risk evaluation for insurers.
The collaboration integrates Smarty’s cutting-edge property data into Cytora’s platform, delivering over 350 property attributes, including structural, locational, and financial information, to empower smarter, faster underwriting decisions.
Juan de Castro, Chief Operating Officer at Cytora, highlighted the significance of the partnership: “This represents a significant step forward in enriching our data ecosystem. By integrating Smarty’s unparalleled property data, we’re enabling insurers to make faster, more informed decisions with access to high-quality insights directly within our platform. It’s an exciting development that underscores our dedication to innovation and delivering industry-leading capabilities for risk evaluation and underwriting excellence.”
Prudential Financial Partners with Dai-ichi Life
Prudential Financial, Inc. (NYSE: PRU) and Dai-ichi Life Holdings announced today their intent to pursue a strategic partnership focused on product distribution and asset management capabilities.
The partnership would include a product distribution agreement in Japan, where Prudential would select Dai-ichi’s wholly owned subsidiary, The Neo First Life Insurance Company, Ltd., as an exclusive product partner. The partnership would include distributing certain Neo First life products through Prudential’s Life Planner sales channel.
In addition, PGIM, Prudential’s global investment manager, would intend to provide asset management services to subsidiaries of Dai-ichi Life Holdings through its PGIM Multi-Asset Solutions (PMA) business. These services would include management of asset classes such as structured products and private credit.
Previsico Partners with Descartes
Previsico, a leader in flood forecasting, has partnered with Descartes, a global provider of corporate parametric insurance solutions.
The partnership aims to offer businesses in the UK and Ireland enhanced protection against flood damage through a combination of advanced flood warnings and rapid claims payouts.
Descartes will leverage Previsico’s Flood Intel Platform, which utilizes IoT sensors and sophisticated forecasting models to provide accurate flood warnings up to 48 hours in advance. When these sensors trigger a flood event, Descartes’ parametric insurance policies will automatically initiate rapid claims payments, minimizing the financial impact on affected businesses.
Ki Insurance Partners with QBE
Ki Insurance, the algorithmically-powered Lloyd’s digital follow platform, has announced a partnership with QBE Insurance. QBE will become a capacity partner on the platform, expanding the range of insurance solutions available to brokers.
Starting in early February, QBE’s capacity will be accessible on Ki’s platform for eleven open market classes of business: Cargo, Contingency, Cyber, D&O, Energy Midstream, Energy Upstream, Financial Institutions (FI), Hull, US Professional Indemnity (PI), Property North America 1 (NA), and Property Worldwide (WW). Notably, this partnership marks the introduction of partner capacity for the Contingency class at Ki.
The partnership will enable brokers to have greater access to capacity and streamline the process of securing follow-form insurance. By leveraging Ki’s digital platform, brokers can efficiently access and bind coverage from multiple capacity providers, including QBE.
McKenzie Intelligence Services Partners with CIERA
McKenzie Intelligence Services (MIS) and the California Insurance Emergency Response Association (CIERA) have announced a one-year partnership to enhance insurance industry coordination in response to major catastrophic events in California.
With California experiencing over 50 billion-dollar disasters since 1980, including wildfires, floods, droughts, and earthquakes, the need for a more efficient, data-driven response has never been greater. In just the past five years, eight catastrophic events have accounted for nearly 21% of the state’s total economic losses. The recent LA wildfires, among the most devastating disasters in U.S. history, further highlight California’s vulnerability.
CIERA, dedicated to improving the insurance industry’s disaster response, has identified operational challenges and data complexities as key barriers to effective recovery efforts. Through its partnership with MIS, the initiative will establish a centralized and standardized operating model, ensuring that insurance carriers and loss adjusters deploy resources efficiently and in alignment with state, federal, and local authorities.
Duck Creek Technologies Partners with WorldPay
Duck Creek Technologies, a leading provider of intelligent solutions for the property and casualty (P&C) and general insurance industry, has announced a strategic partnership with Worldpay, a global leader in payments technology.
The collaboration aims to enhance payment processing capabilities for insurers, delivering a future-proof, scalable solution tailored to the industry’s evolving needs.
Through this partnership, Worldpay’s global payments infrastructure will be embedded within Duck Creek Payments, offering carriers a seamless, end-to-end payment management platform. This integration ensures insurers can process payments more efficiently, while also providing customers with greater flexibility, including Buy Now, Pay Later (BNPL) options.
The partnership also strengthens Duck Creek’s Marketplace, where insurers gain access to a comprehensive suite of payment solutions. By leveraging Worldpay’s technology, Duck Creek Payments enhances its scalability and security, helping insurers reduce costs and streamline transactions.
Alpha Insure Partners with Akur8
Alpha Insure, a leading South African insurance underwriter, has selected Akur8’s next-generation pricing and reserving platform to enhance its pricing capabilities.
Alpha Insure will use Akur8’s RISK, RATE, and DEMAND modules to enhance its pricing processes.
According to the insurtech, Akur8’s platform automates risk modeling through proprietary transparent machine learning technology, enabling pricing teams to make faster and more informed decisions. Key benefits include increased predictive performance, accelerated time-to-accuracy, and full transparency and control over model creation.
Alpha Insure, founded in 2004, has grown from a short-term insurance administrator to a key player in the South African market, with an annual Gross Written Premium (GWP) approaching 2 billion Rand. The company offers a broad range of personal and commercial insurance products.
Quatev Partners with INSTANDA
Qantev, a leading AI-driven claims management platform for health and life insurance, partnered with INSTANDA, the fastest-growing and largest no-code policy administration platform in the global insurance market.
This collaboration aims to transform the insurance industry by enabling insurers worldwide to rapidly launch new products, automate claims processes, and enhance customer satisfaction through no-code technology and advanced AI.
By combining their expertise, Qantev and INSTANDA will provide health and life insurers with an end-to-end solution that integrates flexible policy administration with advanced claims optimisation. This partnership will allow insurers to quickly launch new products, expand market reach, and increase sales through flexible distribution. Additionally, it will automate key operational processes across new business, communication, reporting, and the entire post-sales insurance lifecycle. Leveraging AI and machine learning, insurers will be able to streamline claims processes, including data acquisition, policy and coverage verification, medical coding consistency checks, and adjudication.
CyberCube Partners with Feathery
CyberCube, a leading provider of cyber risk analytics, has announced a strategic partnership with Feathery, an AI-driven automation solutions company.
The collaboration aims to enhance efficiency and insight within cyber insurance workflows by integrating Feathery’s advanced automation capabilities into CyberCube’s Broking Manager and Account Manager platforms.
Through this partnership, Feathery’s AI-powered automation will extract critical underwriting data from mutual clients and seamlessly input it into CyberCube’s Broking Manager and Account Manager via the CyberConnect API suite. This integration is set to streamline cyber insurance placement, reducing manual processes while ensuring brokers and underwriters have access to accurate and timely data for cyber risk assessments.
MAWDY and Vittoria Assicurazioni Expand Strategic Alliance in Italy
MAWDY, the assistance subsidiary of MAPFRE, and Vittoria Assicurazioni, Italy’s eighth-largest non-life insurance company by premium volume, have reinforced their partnership with a new service provision alliance.
This agreement expands their existing collaboration, originally established in 2011, and aims to enhance the range of services available to clients across multiple sectors.Under the terms of the agreement, Vittoria Assicurazioni will acquire a 49.9% stake in MAWDY Services Italia, a key entity through which MAWDY operates in the country, particularly in automotive services. In parallel, MAWDY will take a 49.9% stake in Vittoria’s service startups through a newly formed joint venture, Vittoria Servizi Legali. This entity will oversee the operations of ComeStai and Easy Legal, specialized in health and legal services, respectively.
Additionally, MAPFRE will acquire a 1.4% stake in Vittoria Assicurazioni, further cementing the partnership between the two companies. MAWDY Services Italia will continue operating under MAPFRE’s structure for activities outside the joint venture, while Vittoria Assicurazioni will consolidate the revenue from the new partnership into its financial accounts.
