ALL LATEST NEWS

We regularly curate the latest news and insights to create the largest platform for knowledge-sharing and development within the world’s insurance industry.

Thought Leadership

Role of AI in the insurance sector

It is not a secret that Artificial Intelligence (AI) is revolutionising every facet of our lives. Its ability to learn, make decisions, and self-correct is making it the fastest growing technology of our era.

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AI

The Looming AI Risks Insurtechs Must Prepare For

Artificial intelligence and machine learning are driving what McKinsey calls a “seismic, tech-driven shift” in the insurance industry. But even as insurtech companies find new ways to enable intelligent customer experiences, they must also become rigorous in applying what Gartner research calls “AI TRiSM” to achieve business success while avoiding AI’s pitfalls.

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Strategy

3 ways for insurers to prepare for the metaverse

The metaverse is a broad term that refers to a multitude of technologies—some of them including augmented (AR) and virtual reality (VR). The idea is that we can perform regular activities like shopping, meeting people, and more in a digital space that doesn’t exist physically.

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Technology

Will insurance digitalization introduce a new social platform?

Covid-19 has accelerated online shopping and customer convenience has become critical. But even before COVID, Wolt, Zoom, and current consumer habits, all the signs were there, way before the race for digitalization. In fact, shortly after the emergence of social media in 2003-2004, businesses realized its potential and started utilizing it for marketing and business purposes.

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Strategy

Automation accelerates in small commercial lines underwriting

Over the past few years, insurers reexamined their strategies amid new demands and increasingly digital customer interactions, with underwriting departments, in particular, experiencing waves of changes. Now, new research shows the results of insurers’ efforts in transforming their underwriting businesses, and the small commercial segment is entering a new phase of automation.

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Strategy

Adopt and adapt: the keys to tech-powered success for insurers

The pace of change has quickened over the last few years in the insurance industry. Driven by competition from Insurtechs and global tech giants such as Amazon; insurers, brokers and managing general agents (MGAs) have found themselves at the heart of a technology whirlwind – exploring how innovations like cloud core system architectures, Application Programming Interfaces (APIs), and deploying artificial intelligence and machine learning could help them get the most out of their data for the benefit of customers.

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Partnerships

VC Roundtable: What’s happening with insurtech M&A activity?

2020 and 2021 saw a great deal of M&A activity in the insurtech space – activity that has since cooled and remained that way as we near the end of 2022. The overall investment in insurtech generally boomed during 2020 and 2021, as the use of special purpose acquisition companies (SPACs) peaked which continued to cool off in 2022.

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Funding

Napo raises £15 million

UK-based pet insurance startup Napo has closed a £15 million Series A round led by DN Capital, with participation from Companion Fund, dmg ventures, FJ Labs, Helvetia Venture Fund, MTech Capital, Picus Capital, Sarona Partners, and T0 Ventures.

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Partnerships

Nationwide partners with Human API

Nationwide announced a partnership with Human API to improve the life insurance buying experience by maximizing the use of digital health data to accelerate the underwriting process.

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Funding

Insurtech Glow Raises $22.5 Million Series A

“Digital insurance agency” Glow has raised $22.5 million in Series A funding. The round was led by Cota Capital, with AV8 Ventures, Markd, Startup Venture Capital, Maiden Re, and more participating in the round.

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Thought Leadership

What Can Insurers Expect From a New Phase of InsurTech?

If you’re counting the years since the inception of the term InsurTech, you may be surprised to know that it is officially 12 years old. InsurTech is still in the “tween” years, though it is getting ready to move into a new phase—being a teenager.

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automation
Thought Leadership

Why automation is improving the claims experience

When computers first came out almost 70 years ago, the insurance industry was one of the first to embrace the new technology. However, it stopped there. Today, companies still mostly work with legacy systems and the industry is known to reluctantly embrace ideas of tech innovation.

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Acquisitions

Marsh McLennan Agency Acquires Focus Insurance

Marsh McLennan Agency (MMA), a subsidiary of Marsh, today announced the acquisition of Focus Insurance, a leading personal insurance brokerage firm based in Houston, Texas. Terms of the acquisition were not disclosed.

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Product Launch

Chubb Studio expands tech features

Chubb has announced that its global integration platform, Chubb Studio, has introduced new features that can embed insurance into the digital environments of its distribution partners more easily.

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Thought Leadership

Insurers focus on ransomware, user authentication as biggest risks

The market for cybersecurity insurance coverage increased 61% in 2021 over the prior year, reaching $6.5 billion in premiums, according to the annual cyber insurance report issued by the National Association of Insurance Commissioners. Although cyber insurance carriers are struggling to keep up with demand, some digital insurance platforms and cybersecurity advisors are identifying the biggest risks that should be addressed.

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Thought Leadership

Will Insurers Be Connected to the Connected Car?

Today more cars than ever are connected, and those connected cars are creating and transmitting a lot of data. This in turn has created a gold rush among automobile manufacturers (aka OEMs), insurers, and others to find ways to monetize that data. For personal auto insurers the stakes and opportunities are greater than ever.

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Thought Leadership

3 ways data can help detect, prevent insurance fraud

According to the Coalition Against Insurance Fraud and its most recent report estimating the economic impact of insurance fraud in the U.S., the estimated yearly cost related to insurance fraud has increased from $80 billion in 1995 to $308 billion in 2022. That is a staggering number –that the consumer absorbs in the form of increased premiums – to the tune of around $3,700 per year for the average U.S. family.

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Funding

Kin secures $145 million in debt financing

Kin Insurance announced the closing of a $145 million committed credit facility. The new facility, which was led by Runway Growth Capital LLC and the Avenue Venture Opportunities Fund, L.P., provides Kin with additional capital to support the expansion of the Kin Interinsurance Network, a reciprocal exchange.

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Consumer Behaviour

4 Key Principles for Becoming a Customer-Centric Digital Insurer

The insurance industry is traditionally slow to embrace shifts towards digital technology. But this is all changing now. Demanding customers have had their expectations are set higher by engaging with companies in other industries at the forefront of digital adoption. They experience personalised offerings and services and the ability to do online research and price comparisons before buying.

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Funding

YuLife announces US launch

Life insurtech YuLife has officially launched in the United States (US) after completing several funding rounds, which brought its total investment to $206m (£181m).

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Thought Leadership

We’re not shy to lean into property cat reinsurance: W. R. Berkley CEO

Commercial lines property and casualty insurance holding company, W. R. Berkley, has been making plans and positioning itself to take advantage of rising prices in the property catastrophe arena, with the company’s President and Chief Executive Officer (CEO), W. Robert Berkley, saying that it could become a meaningful part of what the firm does in the short run.

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Product Launch

LV= launches Electrix

UK insurer LV= has launched ElectriX, “a one-stop shop offering drivers everything they need to get on the road with an electric car.”

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Technology

LuckyTruck raises $2.4M for insurtech, taps industry veteran as CEO

Insurtech company LuckyTruck announced Thursday it has raised a $2.4 million seed extension led by Candid Insurance Investors with participation from Markd, Draper University Ventures and SiriusPoint as the company scales its retail insurance platform that reduces time spent shopping insurance. Since its founding in 2019, LuckyTruck has raised a total of $6.5 million.

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howden-logo
Technology

Howden partners with Allianz Trade

Howden Insurance Brokers and Allianz Trade have announced their API partnership for structured credit insurance, Howden’s second API partnership in the sector this quarter.

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Technology

What does the metaverse mean for insurers?

The metaverse is a concept making headlines across the globe, with its application being imagined across all industries. However, until recently, the practical manifestation and future impact of the metaverse was unknown.

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Acquisitions

Specialty MGA UK launches in London

A new MGA has been launched in London a short distance from Lloyd’s market. Specialty MGA UK has been created with a focus on providing additional capacity for specialty lines of businesses and hard to place risks.

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Acquisitions

Gradient AI acquires Prognos Healthcare

Gradient AI, a Boston-based enterprise software provider of AI solutions in the insurance industry, announced that it has acquired Prognos Health’s (New York) analytics business underwriting unit to leverage data from the company’s large collection of integrated medical records and lab data via its real-world data marketplace.

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Product Launch

WTW launches new analytics platform

Global advisory, broking and solutions company, WTW, has announced the launch of Risk Intelligence Quantified (Risk IQ), a platform aimed to help risk specialists to understand and navigate their business’s risk portfolio.

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Partnerships

Cytora and Moody’s Analytics Partner to Digitise and Streamline Core Risk Workflows

Cytora, a digital risk processing platform, and Moody’s Analytics, a leading provider of financial intelligence and analytical tools, have partnered to provide the commercial insurance industry a more streamlined and informed understanding of risk. The data provided by Moody’s comes pre-integrated into the Cytora platform providing insurers with a superior risk selection driving uplift to GWP.

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Partnerships

Chewy partners with Lemonade

Chewy is expanding CarePlus, its exclusive suite of insurance and wellness offerings, with new plans provided by Lemonade Pet, Lemonade’s pet health insurance product.

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Penny-Seach-zurich
Leadership Change

Zurich names new group CUO

Zurich Insurance Group has announced that Penny Seach, currently chief underwriting officer for Europe, the Middle East and Africa, will be promoted to the role of group chief underwriting officer effective Jan. 1. Seach will report to Sierra Signorelli, CEO of commercial insurance.

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AXA-logo
Acquisitions

Insurer AXA to buy Spanish peer GACM Espana for 310 million euros

Allianz is expanding its automatic accident detection service. Dubbed the Allianz accident reporter, the digital claims service used by Allianz at the scene of an accident, can automatically detect accidents and notify the insurer. Insureds are later informed about the next steps of claims settlement.

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Product Launch

Allianz expands automatic accident detection service

Allianz is expanding its automatic accident detection service. Dubbed the Allianz accident reporter, the digital claims service used by Allianz at the scene of an accident, can automatically detect accidents and notify the insurer. Insureds are later informed about the next steps of claims settlement.

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Thought Leadership

Yes, IBM is in the insurance technology business

To outsiders, IBM may be best known for its once-ubiquitous electronic typewriters. In the 21st century, however, the company has evolved into a multinational computer technology and IT consulting business, and it is a major player in the insurance industry.

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laurent-rousseau-scor
Product Launch

SCOR launches Vitae Mental Health

Over the past few years, the impact of mental health conditions has been of increasing concern for society. The COVID-19 pandemic has further exacerbated this concern with some studies suggesting an increase in the prevalence of depressive and anxiety conditions by as much as 25%.

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Acquisitions

Munich Re acquires API-focused insurtech

Reinsurance giant Munich Re has acquired apinity GmbH, a start-up that supplies application programming interface (API) solutions in the form of Software-as-a-Service (SaaS) for the insurance industry’s ecosystem.

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arrow-insurtech
Thought Leadership

Why the rise of insurtech should matter to actuaries

We define insurtech as the use of emerging hardware, software and user interfaces to address inefficiencies or opportunities in the insurance value chain. Further, we think of the intersection of two dimensions as the focus of our discussion: industry specificity solutions and more recently established market players or solutions.

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Thought Leadership

The 5 most outdated cloud myths

Despite a meteoric increase in cloud adoption, executives at many insurance companies are still reluctant to make the move. Even as leaders within these organizations grapple with the imperative to modernize and innovate, many have a tendency to proceed with extreme caution.

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insurtech
Thought Leadership

What’s holding insurers back from embracing insurtech?

Legacy systems are often blamed for the reason the insurance industry struggles to fully modernize. Many incumbent insurers have outdated, neglected IT infrastructure, and instead of addressing this underlying problem in one major overhaul, they seem to pile new applications on top of their legacy systems.

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Product Launch

BLINK by Chubb Launches Blink Paycheck

BlinkSM by Chubb announced today the launch of Blink Paycheck, a new income protection insurance product that can help keep consumers’ lives on track when they are sick or injured and unable to work.

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Partnerships

Aon announces partnership with Revalue Nature

Collaboration between re/insurance broker Aon and Revalue Nature, a next-generation developer of nature-based solutions, will scale the development of high-integrity, nature-based carbon credits to meet growing demand, the broker stated in a recent announcement.

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Thought Leadership

Insuring the programmable world

As we move into a new phase of innovation after the disruption caused by the COVID-19 pandemic, insurers need to look ahead to determine what their technology priorities should be today.

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Thought Leadership

UBI in 2022: Rate hikes drive an upswing in adoption

Over the past decade, auto insurers have introduced and continuously refined usage-based insurance programs. Powered by telematics technology, which transmits data in real-time (or close to it), UBI promises policyholders some more control over their insurance price in exchange for that data.

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agentsync-founder
Product Launch

AgentSync Launches Connected Producer Identity Platform

AgentSync (Denver) announced the launch of AgentSync ID, which the vendor calls a secure and dynamic online insurance producer profile that was created to transform the onboarding and compliance experience that carriers, MGAs, and agencies deliver to their agents.

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Leadership Change

Allianz Partners selects new CEO

Allianz Partners has today announced the appointment of a new chief executive with Tomas Kunzmann primed to step into the role, effective from July 1, 2022. Kunzmann will take over from Sirma Boshnakova, who was appointed board member of Allianz SE earlier this year.

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Thought Leadership

How risk mitigation can help nonprofits maintain P&C coverage

Nonprofit organizations play an important role in our communities, enriching lives, protecting vulnerable populations and environments, and providing volunteer and financial support to countless other worthy causes. Many nonprofit organizations, however, are struggling amid the ongoing effects of the COVID-19 pandemic, facing greater demand for services while also experiencing staffing challenges, increased expenses and declines in revenue.

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Thought Leadership

AIG’s Corebridge Is Year’s Largest IPO at $1.7B

AIG Inc.’s life insurance and retirement division Corebridge Financial Inc raised $1.68 billion on Wednesday in the biggest initial public offering (IPO) so far this year, braving market volatility and ending a seven-month lull in major listings.

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Technology

McKinsey: Autonomous mobility – The future of auto insurance

Most consumers are used to buying a car and insurance separately—and the latter can be a laborious process. Consider a hypothetical US consumer of the future, Jane, who acquires her first semiautonomous car, attracted by its connected technology and advanced-safety capabilities. Crucially, it comes with insurance that calculates her premium payments by automatically assessing her driving in real time through the wireless connectivity feature incorporated into such vehicles.

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Thought Leadership

Why improving FNOL can reduce insurance claim costs

An accident occurs every 10 seconds in the U.S., and the number of severe accidents has dramatically increased due to recent changes in driver behavior. The vast majority of these accidents lead to storage and secondary tows averaging $950 per claim, or $3 billion across the industry.

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ottonova
Funding

Ottonova raises 34 million euros

Digital private health insurer Ottonova has closed its Series F financing with an equity raise of €34 million. The current round is led by private equity investor Cadence Growth Capital (CGC). In addition, existing investors and a Munich-based family office are participating.

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Funding

State Farm invests $1.2 billion in ADT

Home-security firm ADT Inc (ADT.N) has secured an investment of $1.2 billion from State Farm as part of a partnership that it hopes will encourage the insurer’s many customers to buy its smoke detection and anti-intrusion products.

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Product Launch

Accelerant Launches $175M Sidecar Investment Vehicle Flywheel Re

Accelerant, the insurtech platform empowering underwriters with superior risk exchange, advanced data analytics, and long-term capacity commitments, today announced a new $175 million sidecar vehicle, Flywheel Re. Flywheel will provide multi-year risk capital to Accelerant and its cadre of underwriting-led specialist Members.

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Thought Leadership

Insight into insurtech trends with Meera Krishnamurthy, Cognizant

According to Krishnamurthy, insurers are acknowledging the staying power of insurtech and its valuable ability to disrupt the insurance industry. Insurtech companies are, however, typically founded to target a specific pain point for insurers – and Krishnamurthy believes that this may no longer be enough.

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Partnerships

Buckle enters into MGA agreement with auto insurance specialists InsureScan

Buckle, the financial services company providing auto insurance solutions for the gig economy, and InsureScan, an upcoming auto insurance specialist, have entered into a managing general agency (MGA) agreement supporting drivers in Alabama. Under the agreement, InsureScan is underwriting non-standard auto insurance policies using Gateway Insurance, one of Buckle’s insurance carriers, as the admitted carrier.

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Product Launch

Airbnb launches travel insurance

In January, Airbnb announced the upcoming launch of a “custom-built” guest travel insurance product offering exclusive to Airbnb guests. The product was set to be launched in the spring with a “reputable insurance carrier” as the underwriter.

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insurtech
Product Launch

Why insurtech investments are down

Insurtech investments fell by 79.6% in 2021, leading to job losses and tough economic conditions for the sector in the first half of 2022 thanks to a “combination of factors,” said GlobalData’s Deals Database.

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Technology

The Modern Insurtech “Tech Stack”

While some may look at the recent negative press and abysmal stock performance surrounding public insurtechs and assume that the insurtech threat is receding, the insurance industry’s digital transformation is inevitable.

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the-hartford
Product Launch

The Hartford launches new product offerings

The Hartford is launching enhanced versions of its proprietary Property Choice and General Liability Choice products to further serve the needs of its business customers across a broad range of industries and account sizes.

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Technology

Electric vehicles: How to address this growing market from an insurance perspective

In recent years, e-mobility has achieved a breakthrough in many markets around the world. The question is no longer if electric vehicles (EVs) are coming and will replace traditional powertrains, but rather how they are coming and when they will take over the largest share of the global powertrain mix. For details on how to differentiate between non-plug-in electric vehicles and plug-in electric vehicles, see below.

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Partnerships

Lemonade partners with tech provider for auto insurance

Mitchell, a technology and information provider for the property-casualty claims and collision repair industries, has announced that insurance company Lemonade has selected its claims workflow, automation and total loss products to support Lemonade Car, the insurer’s latest product offering.

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Partnerships

Betterview Partners with NFPA to Provide Property Wildfire Insights

Betterview (San Francisco), an InsurTech provider of actionable property intelligence to property/casualty insurers, has announced a new relationship with the National Fire Protection Association (NFPA), a Quincy, Mass.-based non-profit organization dedicated to eliminating death, injury, property, and economic loss due to fire, electrical, and related hazards.

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mulberri-insurtech
Funding

Insurtech start-up raises $4 million seed

Business insurance platform Mulberri has announced that it has raised a $4 million series seed led by a consortium that includes Hanover Technology Management, MS&AD Ventures, and Altamont Capital Partners.

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Partnerships

FWD partners with Klook

Hong Kong-based insurer FWD Group has announced a partnership with travel booking platform Klook, which will see it offer fully integrated accident cover via the Klook app and website.

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Data

Data is a key pillar in Digital Transformation

Although the accelerated pace of Covid-19-induced digital disruptions has led to seismic changes in business operations across industries, their impact is expected to be the most pronounced in the financial services and insurance domains.

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Thought Leadership

Raincoat raises $4.5m in seed funding

The firm claims that Anthemis led the round, which was also supported by SoftBank Group’s SB Opportunity Fund, Banco Popular, the largest bank in Puerto Rico, Consorcio, 305 Ventures, a Miami-based venture capital firm, and first-check investor Divergent Capital.

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Thought Leadership

Connected, innovative customer experiences

The recent Qorus Accenture Innovation in Insurance Awards highlighted the world’s leading insurance changemakers. The winners of each category stood up against tough competition with initiatives that were not only innovative, but effective and with measurable impact.

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Partnerships

LiveWell by Zurich and Polar Electro announce partnership

LiveWell by Zurich, Zurich’s health and wellbeing business, announced a collaboration with sports wearable company Polar Electro. The collaboration will initially start with six countries – Brazil, Italy, Portugal, Spain, the UK & Ireland – and will expand to other countries in due course where Polar and LiveWell are present.

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Thought Leadership

New and emerging risks: a bumpy road ahead for insurance

Innovation in the insurance industry is not just important, it is essential. A more dynamic market has meant insurers are venturing into non-traditional sectors as well as looking for more advanced ways of serving existing markets. The industry must ramp up its innovation efforts if it is to tackle increasingly threatening risks, such as climate events and cyber-attacks.

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mulberri-insurtech
Funding

Insurtech Mulberri raises $4mn Series Seed

Mulberri, a pioneering insurtech and business insurance platform for modern PEOs and brokers, has announced that it has raised a $4 million Series Seed led by a consortium that includes Hanover Technology Management, MS&AD Ventures, and Altamont Capital Partners (via insurance enterprises in its portfolio).

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cover-genius
Acquisitions

Cover Genius acquires Booking Protect

Cover Genius, the insurtech for embedded insurance, announced today its acquisition of Booking Protect, the leading specialist in embedded ticket protection for ticket sellers, platforms and live event companies such as SeatGeek, Spectrix, AudienceView, and Night Out in the US, Zaiko in Japan, See Tickets, Festicket and TicketSource in the UK and OzTix in Australia.

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Funding

Wallife closes €12m series a round led by united ventures to increase protection from digital risks

Wallife, the Italian insurtech startup that protects individuals from new risks originating from technological and scientific progress in the areas of genetics, biometrics and biohacking, today announced the close of a €12 million investment round led by United Ventures, the Italian venture capital firm specialising in digital technology investments.

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Funding

Thai Life Insurance raises $1 billion via IPO

Thai life Insurance is the first Thai insurance company and one of the largest companies in Thailand. Digital transformation and online distribution channel are currently at the top of the agenda for upcoming investments.

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Thought Leadership

Akur8 Research Paper “Credibility and Penalized Regression”

Developed by a senior team of actuaries and data scientists at Akur8, the objective of this new paper is to familiarize practitioners with Penalized regression as an extension of established actuarial techniques, instead of considering it one among several new modeling techniques from the Machine Learning and Data Science literature. Akur8 is excited to publish this information in an effort to help expand the literature available to the actuary and insurance community on this important topic.

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Leadership Change

Chubb announces new head of marine for global markets

Chubb has announced the appointment of David Kirk as head of marine for Chubb Global Markets (CGM), the company’s London market wholesale and specialty business including its Lloyd’s platform. Kirk is currently cargo product head and deputy head of marine at CGM.

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Thought Leadership

How embedded insurance may close coverage gaps

Embedded insurance is a growing focus area of digital distribution across the insurance industry. By making insurance available in conjunction with other products on existing online services, customers can easily add insurance protection that fits their needs and budget as part of a customer journey linked to an established need.

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Partnerships

Zurich Rolls Out New Enterprise-Wide Solutions Developed on Mendix Low-Code Platform

Mendix, a Siemens business and global leader in modern enterprise application development, today announced that Zurich, the international insurance giant, has rolled out two major new enterprise-wide solutions that streamline workflow for underwriters and transform user experience for 1.5 million customers. Both solutions were built using the Mendix low-code platform.

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Funding

Ranger raises $5.25 million

Since departing his role as Casper CEO in 2021, Philip Krim has spent the majority of his time investing and incubating companies via Montauk Ventures. The latest is an insurance company called Ranger, which aims to elevate the agents in the insurance industry, rather than replace them.

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Technology

Can Large Insurers Ever Innovate Like Their Insurtech Rivals?

The term “digital innovation” is used a lot. Within the insurance sector, it can describe everything from the digitization of a paper-based form to the digitalization of an entire workflow. It is often used interchangeably with “digital disruption” and the transformational change brought about by new entrants like insurtechs.

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Product Launch

Porsche Insurance launches in Canada

Porsche Financial Services Canada is proud to introduce Porsche Insurance, the customized insurance program developed for vehicles offered by the premium sports car brand. The first of its kind for the brand in Canada, this comprehensive offering will help Porsche drivers design personalized insurance solutions tailored to their unique needs.

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Thought Leadership

Why digitization should center insurance customers

In the insurance industry, carriers are still learning to transform their business for a digital experience that benefits the customer. I worked in insurance sales, service, and underwriting for 15 years and just a few years ago moved to a position at Jerry, the car insurance comparison shopping app.

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Thought Leadership

Insurance vendors upping their game as competition for talent heats up

Talent has been a front and center topic in boardrooms across the U.S. amid the pandemic, widespread resignations, a labor shortage, and other trends challenging the recruitment and retention of employees. Yet, through the adversity, companies across the insurance ecosystem have adapted remarkably well, including the vendors that serve the industry.

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Technology

What is driving customers towards Insurtech platforms?

The pandemic has accelerated the digital transformation of the insurance industry. Driven by industry trends, customer expectations, and regulatory pressures, digital innovation has resulted in the creation of a new space called InsurTech that is aimed at the seamless delivery of insurance products.

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Technology

Lloyd’s CEO John Neal on the role of insurance today

“Awareness of insurance and its value has never been higher,” said Lloyd’s of London CEO John Neal, as he addressed delegates at the Marsh McLennan Rising Professionals’ Global Forum, referring to how recent events have shaped “the most uncertain landscape seen for generations.”

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Technology

Aon reveals new forms of volatility

Aon’s latest global M&A Risk in Review report finds reasons for optimism in 2022, but the broker cautions dealmakers that headwinds persist in the wake of the COVID-19 pandemic.

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Technology

CMT says automatic telematics communication ‘critical’ to driving safety

Cambridge Mobile Telematics (CMT) now offers a new way for auto insurers, automakers, rideshare, fleet, wireless, and safety companies to automatically engage with their customers through its DriveWell platform and, in the event of a crash, would automatically gather sensor information for collision repairers and insurers to reference.

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Technology

Effectively optimizing data in insurance

Insurance has always been a data-driven business, from ancient waybills recorded on papyrus under the Code of Hammurabi, to the charters of the first property insurers after the Great Fire of London.

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Thought Leadership

What do insurance leaders need to be?

The insurance industry has reached a point where many executives are also technologists, even if their title has a different designation. What’s driving this, in part, is multiple disciplines working together to further technological progress.

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Strategy

Can Tesla Insurance Help Increase Driver Safety?

Tesla has begun rolling out its insurance plans in a handful of U.S. states over the past few years, as one more piece of the company’s growing ecosystem. While it’s still in its infancy, Tesla Insurance could be crucial to keeping rates low and driver safety high, as detailed by a few of the automaker’s executives in recent months.

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Interviews

Innovating for Progress: Swiss Re Delivers What’s Next in Life and Health Insurance

Established in 1863, innovation has always been part of Swiss Re’s DNA. With its 160th anniversary drawing near, Swiss Re is more relevant than ever. We interviewed Carl Christensen, Global Head of Life & Health Solutions, to learn the secret of Swiss Re’s longevity, and to explore the top trends Life & Health insurers are exploring to remain competitive in the
near to medium term.

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Funding

UK InsurTech Startup Instanda Raises $45M

Instanda, provider of a “no-code core insurance platform,” Monday (June 20) announced it raised $45 million in a Series B funding round that was led by Toscafund and included existing investor Dale Ventures.

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Partnerships

Nationwide extends partnership with Betterview

Nationwide and property risk insight technology company Betterview will extend their partnership, begun in 2018, for three more years. The companies will continue their collaboration on efforts to predict and prevent losses, their officials say.

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