The firms are working together to create new coverages and customer experiences for more engaged policyholder relationships.
Kin Insurance, an insurance technology company dedicated to simplifying home insurance in natural disaster-prone areas in the U.S., has partnered with Cinch Home Services (Boca Raton, Fla.) to provide home services solutions to the property/casualty insurance market.
“For most people, a home is their largest purchase, yet it doesn’t come with a manual on how to care for it. Like home insurance, home service plans are so essential to protect homeowners from unexpected events that occur every day, from an appliance breakdown to a system failure,” comments Steve Upshaw, CEO, Cinch. “As part of our commitment to serving the P&C insurance market, insurance partners are using Cinch to develop new coverages and customer experiences that result in deeper and more engaged relationships with their policyholders. Our new partnership with Kin combines home insurance and home services to create new models for modern home protection.”
Source: Insurance Innovation Reporter
Aviva Ventures Completes Strategic Investment in Indico Data to Accelerate AI-Driven Insurance Automation
Indico Data, a global leader in AI-powered automation for insurance operations, has announced a strategic investment from Aviva Ventures, the corporate venture capital arm of Aviva plc, one of the United Kingdom’s largest insurers. The investment strengthens Indico Data’s growing leadership in the London Market and supports its expanding adoption among global property and casualty carriers.
Guidewire to Acquire ProNavigator
Guidewire has announced that it has entered into a definitive agreement to acquire ProNavigator, a knowledge management platform designed specifically for the property and casualty (P&C) insurance industry. The acquisition aims to strengthen Guidewire’s capabilities in delivering advanced, context-aware intelligence across its platform.
Ryan Specialty to Acquire Stewart Specialty Risk Underwriting
Ryan Specialty has announced that it has entered into a definitive agreement to acquire Stewart Specialty Risk Underwriting, a Canadian managing general underwriter specialising in large-account, high-hazard property and casualty solutions. Following the completion of the transaction, Stewart Specialty Risk Underwriting, also known as SSRU, will become part of the Ryan Specialty Underwriting Managers division.
