ALL LATEST PRODUCT LAUCNHES

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

Allstate’s Arity launches Arity IQ

Today, mobility data and analytics company Arity launches Arity IQ, a game changing innovation that enables insurers to offer consumers the most accurate price by leveraging driving behavior data at new business.

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Chubb and Marsh collaborate on Covid-19 Vaccine Cover

Chubb and Marsh today announced a collaboration with the World Health Organization (WHO) and Gavi, the Vaccine Alliance (Gavi), that has secured insurance coverage for a Program that will offer eligible individuals in 92 lower-income countries and economies a fast, fair and transparent process to receive compensation for rare but serious adverse events associated with vaccines distributed through COVAX up to June 30, 2022.

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Lloyds

The Latest Launches From Lloyd’s, Amwins and Kin

Lloyd’s launched a parametric earthquake insurance policy in New Zealand. Amwins Specialty Logistics Underwriters is expanding into the Canadian market to serve Canada’s growing logistics industry. Kin Insurance said it is now offering homeowners policies in Louisiana.

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Hyundai Introduces New Insurance Feature

Hyundai Motor America introduces the Usage Based Insurance (UBI) program and Driving Scoreii to promote safe and efficient driving habits and potentially save owners hundreds of dollars on their auto insurance.

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AXA Launches AXA SmartHome Plus eVoucher

AXA Hong Kong and Macau today announced the launch of an insurance eVoucher for its award-winning home insurance – AXA SmartHome Plus, leveraging insurtech to innovate home insurance usage and distribution channel as well as helping more people’s homes to get the necessary protection.

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Guardian and Atidot Partner to Create New Insurance Models and Customer Experiences

The Guardian Life Insurance Company of America® (Guardian Life) today announced it has entered into a joint venture with the AI and predictive analytics innovators at Atidot. The collaboration is focused on creating a platform that deploys artificial intelligence and machine learning to power data driven decision-making that helps make insurance products and services easier for consumers to understand and buy.

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Chinese Insurtech Firm Expands Reach in Southeast Asia

ZA Tech, the technology venture founded by ZhongAn Online P&C Insurance, announced on Thursday that it will work with PFI Mega Life, an Indonesian joint venture of American insurance giant Prudential Financial, to drive digital transformation of the insurance industry in the Southeast Asian country.

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Is Tesla Car Insurance Heading To The UK?

The billionaire behind Tesla motors is expanding the reach of his company’s car insurance offering in the United States. With more than 90,000 of his electric cars currently on UK roads, could Elon Musk’s expansion plans also include Britain?

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KPMG, IntellectEU Launch Blockchain App to Fight Insurance Fraud

One of the biggest types of insurance fraud is double-dipping, where a claimant gets multiple insurers to pay out for the same incident. KPMG estimates that fraud makes up 5%-10% of insurer payouts. It’s a tricky one for insurers because they’re usually unaware that other insurers have also paid out. Until now.

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Zurich and Onto use AI to gain Unbiased Risk Insight on its Entire EV Fleet

The Insurtech company Greater Than is deepening its collaboration with Zurich through an agreement with Onto, the UK’s largest all-inclusive electric car subscription service. Through the collaboration, Onto and Zurich obtain predictive risk data, facilitating their joint mission to improve road safety and enable dynamic insurance solutions.

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Tesla to Offer Auto Insurance Program in Texas

Not only is Tesla moving some manufacturing operations to Austin, Texas, its founder, Elon Musk, is said to be relocating there, and the electric car company will soon be offering its own brand of car insurance in the Lone Star State.

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Liberty General Insurance Rolls Out AI-based Automated Car Inspections

Liberty General Insurance has automated vehicle inspections for car insurance policy renewals and claim assessments using Inspektlabs’ AI based technology. This is expected to transform the car inspection process, which is currently dominated by manual inspections – a people intensive job leading to delays in the claims and policy issuance process.

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Zurich-Logo

Zurich Launches Global Risk Services Unit

Zurich North America today announced it has launched a new risk services unit in the United States, as part of a global initiative developed by Zurich Insurance Group to provide businesses worldwide with advisory services, solutions and tools to help them prevent and mitigate a wide range of risks.

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Introducing Lemonade Life

According to the site, coverage is issued by North American Company, a Chicago-based provider of life insurance and annuities that also works with Bestow.

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Allianz Introduces Virtual Care and New Online Claims Portal

Canadian travel insurance provider Allianz Global Assistance announced the launch of new assistance capabilities – Virtual Care services and a new online Claims Portal – which aim to elevate the end-to-end customer journey. Both services are now embedded within all products offered across Allianz’s national distribution network of broker and travel agency partners.

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ritchee Launches Life Insurance Policy “ritchee Life”

Launched by management consulting platform ritchee and insured by Generali France, ritchee Life is a “100% clean-share” life insurance policy. According to the company, the new offering is transparent on costs and without retrocessions for the intermediary, invested primarily in SRI or ESG funds and guaranteeing high-end management for savers.

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Acrisure Unveils New Tech-Enabled Brand

Insurance broker Acrisure unveiled its new brand identity which underlines its combination of financial strength, industry expertise and global distribution power with the integration and deployment of artificial intelligence and technology.

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Amadeus and AXA Partners Sign an Agreement to Provide Insurance and Healthcare Assistance to Corporate Travellers

While business travel continues to face challenges with the on-going COVID-19 situation, it is paramount that companies have the right tools and data to ensure the safety and well-being of their employees when on the road for business. In response to this new normal, travel tech company Amadeus and insurance provider AXA Partners have come together to make travel safer.

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Verti Launches a New Modular Renters Insurance

Germany’s second largest direct car insurer Verti Versicherung AG announced it is now offering a new product starting at 38 euros a year to protect tenants and their assets from possible incidents that may occur in a rental home.

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Covid-19 Drives Insurtech Business in Asia

Insurtech business is making headway in Asia’s major markets amid changing customer expectations, the availability of financial infrastructure services, and the coronavirus pandemic, according to a recent report

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Aon & HSCM to Offer Cyber Coverage

Global insurance and reinsurance broker Aon has collaborated with Hudson Structured Capital Management (HSCM) on the launch of a new product designed to protect re/insurers against systemic and catastrophic cyber events.

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General Motors Launches OnStar Insurance

After a 12 year break, General Motors is relaunching an auto insurance division. The new insurance unit, which will also offer homeowners insurance, operates under the automaker’s OnStar connectivity brand

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Skyscanner to Launch First of its Kind Travel Insurance

The unique package will initially be available to travellers as part of a phased roll-out in Europe, before becoming available in up to 50 countries worldwide. It includes a combination of medical, trip cancellation and airline insolvency cover, including protection against travel disruption and sickness caused by COVID-19. It has been specifically designed to protect travellers, provide clarity and give them peace of mind when taking a trip.

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Meet the Insurtech: Lori

HYLA Mobile, a mobile-device trade-in company, has launched Lori, a device-insurance company with the goal of creating more flexible protection offerings. Lori enhances the mobile

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attune-mvp-logo

Attune Announces New BOP Product

Attune Insurance Services today announced the launch of a new Businessowners’ Policy with Accredited Surety and Casualty Company (“Accredited”) serving as the carrier. The Businessowners’

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Bradley Collins

Bradley Collins