We regularly curate the latest news and insights to create the largest platform for knowledge-sharing and development within the world’s insurance industry.
French insurtech Wakam, a leading white label, digital B2B2C insurer, has gained approval from the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) to establish its new subsidiary, Wakam UK Limited.
Loadsure, an innovative insurtech MGA and Lloyd’s coverholder, has announced its launch in Europe.
Open, a global embedded insurance partner, has unveiled a new travel insurance offering designed to cater to the diverse needs of individual travelers and travel providers.
Marsh has introduced the Global Alternative Risk Solutions practice, aiming to blend the company’s expertise in parametric solutions, alternative risk transfer, captives, and complex risk.
ICEYE, a leading provider of satellite-powered disaster management solutions, has entered into a multi-year collaboration with Juniper Re, a reinsurance broking arm and subsidiary of BRP Group, Inc.
Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), has launched Prime Tech with Cowbell Co-Pilot, a generative AI solution designed to streamline underwriting within its Prime Tech offering.
Flow Specialty, previously known as Capitola Insurance, has announced its official rebrand. Supported by Munich Re Ventures and Lightspeed Venture Partners, Flow Specialty is poised to elevate the specialty wholesale insurance market with its innovative approach.
Swiss Re has introduced an enhanced version of its market-leading Life & Health underwriting manual, Life Guide. The updated version features Swiss Re Life Guide Scout, an underwriting assistant powered by Generative AI.
Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, announced its latest cloud-based claims solution.
Kanguro Insurance, renowned for its pioneering AI-driven pet health insurance offerings, is venturing into the renters insurance sector.
Howden has launched a new cargo war risk facility tailored to protect vessels navigating the Red Sea against potential drone and missile attacks by Yemeni militia groups.
In a pioneering move aimed at supporting families facing the challenges of childhood disability, Juno, a public benefit corporation, has unveiled the first-ever child disability insurance program in the United States.
FloodFlash is launching a new product aimed at bolstering business interruption (BI) coverage in the United States ahead of the 2024 Atlantic hurricane season.
Allianz Partners Australia has taken a significant stride in elevating customer service standards by unveiling a new online chat feature tailored for customers of its travel insurance partner, HCF.
Sayata, a leading provider of innovative insurance solutions tailored for small and medium-sized businesses (SMBs), has launched the Sayata Risk Engine.
Lemonade, the digital insurance company powered by AI and social impact, today announced the launch of Homeowners insurance in France in partnership with BNP Paribas Cardif.
Verisk, a prominent global data analytics and technology provider, has introduced a groundbreaking advancement in global catastrophe modeling and risk analysis with the debut of Verisk’s Next Generation Models (NGM).
Aviva has rolled out Aviva MyDrive, a new telematics feature within its main app, designed to promote safer driving habits and offer potential discounts on car insurance premiums.
M2 Recovery has launched a groundbreaking insurance policy, marking the world’s first initiative to cover legal expenses associated with reclaiming stolen cryptocurrencies.
Cyber insurtech Coalition has revealed that its full-stack carrier, Coalition Insurance Company (CIC), is now providing quotes for its admitted cyber product across the entire United States.
AXA UK has announced the launch of its employee benefits programme ‘We Care’ as part of a larger global effort by AXA Group to provide comprehensive health and wellness assistance tailored to employees at various stages of life and during significant life events.
Genasys, the leading provider of insurance administration software, today announced Genasys Unify, a major update to the core Genasys platform.
Leading insurance provider Chubb has unveiled its latest innovation with the launch of a specialised HealthTech industry practice in the United Kingdom.
Chubb Personal Risk Services has introduced a cutting-edge self-service flood insurance system, aiming to streamline operations for agents and enhance customer experience within its personal lines business.
In a move reflecting the evolving landscape of digital finance, Marsh has unveiled a groundbreaking insurance facility tailored specifically for custodians of digital assets, including financial institutions.
Specialty insurer HSB has announced the launch of Cyber for Auto, an innovative coverage aimed at safeguarding personal data stored within connected vehicles against cyber attacks.
Coalition has unveiled a new addition to its US Surplus and Canada Cyber Insurance policies: the Affirmative Artificial Intelligence (AI) Endorsement.
EIS has introduced ClaimSmart, a cutting-edge cloud solution poised to transform the claims management landscape.
NFP has acquired Get Medical Plans Limited, an expert intermediary specialising in health insurance solutions in a move that aims to strengthen NFP’s foothold in the private medical insurance market.
Marsh has launched a new cyber solution via the establishment of Edgware Re, a group captive insurance company.
Novidea, a leading provider of cloud-based enterprise insurance management solutions, has announced its newest product release, showcasing significant enhancements tailored to meet the evolving needs of its diverse customer base worldwide.
Chubb, a leading insurance provider, has announced the launch of a comprehensive global transactional risk platform aimed at offering liability insurance products for transactions on an international scale.
Marble, the digital wallet for insurance, has expanded its offerings with the launch of a commercial insurance marketplace tailored for small and medium-sized enterprises (SMEs).
AXA Commercial has taken a proactive step to assist brokers in navigating the intricacies of the schemes market when placing niche risks by introducing a user-friendly online directory.
Brit Ltd has launched a groundbreaking initiative in the cyber insurance realm with the launch of Brit Cyber First50, a Lloyd’s Consortium with a staggering US$50 million investment.
Aon plc has launched Partner Risk Insights, a new digital platform designed to facilitate the management of insurance-related third-party risks for US organisations.
In a groundbreaking collaboration, insurer Aviva and autonomous vehicle operator Darwin Innovation Group unveiled the Darwin Autonomous Shuttle in late 2021, marking the UK’s longest-running self-driving passenger service.
Michael Price and Kean Driscoll, former executives at AIG, have unveiled the establishment of Dellwood Insurance Group, marking the emergence of a new nationwide excess and surplus lines insurance holding company.
Resilience, a prominent cyber risk management firm headquartered in San Francisco, CA, made a significant announcement today regarding its latest initiative aimed at US organisations generating revenues ranging from US$300 million to $10 billion.
AXA XL’s US Mid-Market insurance division has unveiled XL Plus, an extended general liability coverage tailored for mid-size businesses.
HUB International has introduced Hub Builder’s Risk Insurance Solutions, a comprehensive insurance and risk management offering tailored for project owners, general contractors, and developers involved in both frame and non-frame projects.
Optalitix has introduced significant enhancements to its flagship products, Optalitix Models and Optalitix Quote.
Beazley has launched its latest initiative to fortify its cybersecurity services by merging its in-house Cyber Services team with Lodestone, its wholly owned cybersecurity firm.
UK Insurtech blip, an innovative insurtech startup in the UK dedicated to providing affordable business insurance for small enterprises alongside a groundbreaking profit-sharing framework, has announced its launch.
AXA – Global Healthcare has launched the phased rollout of a revolutionary healthcare payment card. This innovative initiative aims to simplify the claims process for corporate clients and their employees.
Lockton, the independent insurance broker, has revealed the appointment of Oliver Ross as Senior Vice President within the Global Construction team, effective immediately.
In a move set to invigorate retail agents across the sector, a strategic partnership has been forged between Capitola and Ategrity Specialty Insurance Company.
Marsh has announced the expansion of its directors & officers (D&O) Echo facility, offering clients up to US$75 million in D&O insurance capacity.
Marsh has launched the latest phase in the deployment of its digital trading initiative within the London insurance market.
Ignite Specialty Risk, a prominent provider of litigation risk insurance, has officially introduced its Litigation Capital Protection Insurance offering in the United States.
Lloyd’s has announced its support for two promising ventures, Axio and REOR20. The investments mark the inaugural deployments from Lloyd’s Central Fund private markets allocation, highlighting the institution’s commitment to nurturing emerging technologies and solutions in the insurance sector.
Xceedance has launched its MGA Agility Suite aimed at bolstering digital capabilities for programme administrators across the Americas.
Shepherd, a leading insurance technology platform catering to the commercial construction sector, announced today the successful closure of a $13.5 million Series A funding round.
bolttech Insurance, the general insurance arm of international insurtech bolttech based in Hong Kong, has launched MyTravel, a travel coverage plan catering to customers, their families, pets, and belongings.
Goboony, Europe’s premier camper sharing platform, has joined forces with iptiQ, a subsidiary of Swiss Re, to unveil a customised digital insurance solution catering to the unique requirements of motorhome owners.
WTW has launched a new parametric insurance policy designed to safeguard the coral reef system of the Lau Group of islands in the South Pacific.
Zurich American Insurance Company, a division of Zurich North America, has launched a dedicated directors and officers (D&O) insurance product aimed at safeguarding non-US board members and officers of US-based multinational corporations.
APOLLO Insurance, a prominent digital insurance provider in Canada, has launched a new feature enabling customers to access credit reporting services through its partnership with Zenbase.
Risk and reinsurance specialist Guy Carpenter has unveiled its latest innovation in the form of a new cyber reinsurance product, called CatStop+.
Coalition has announced the launch of its Miscellaneous Professional Liability (MPL) Insurance.
Cyber insurtech firm BOXX Insurance has partnered with AXA to unveil a pioneering cyber risk mitigation solution tailored for small businesses.
WTW has unveiled a specialised cyber insurance offering tailored for businesses with annual revenues under US$50 million.
Switzerland-based startup CarbonPool, founded by former Allianz executives, has successfully concluded a significant funding round aimed at revolutionising the carbon credit market.
Howden has introduced a pioneering insurance facility aimed at bolstering carbon capture and storage initiatives, with the backing of SCOR’s Lloyd’s syndicate.
AgentSync has launched the ProducerSync API, the inaugural offering in its commercial API suite, aimed at streamlining insurance producer onboarding and compliance procedures.
Newgen Software has officially launched its state-of-the-art, Guidewire Cloud-validated accelerators on the highly regarded Guidewire Marketplace.
Global insurance brokerage giant HUB has officially introduced the HUB Property Practice. The initiative is designed to offer comprehensive solutions to the evolving challenges faced by clients in North America.
Erie Strategic Ventures, the venture capital arm of Fortune 500 insurance giant Erie Insurance (ERIE), has revealed strategic investments in three cutting-edge companies: Wagmo, Roots Automation, and Trust & Will.
Canopius Group, a global specialty (re)insurer, has launched a groundbreaking investment management product aimed at catering to the needs of asset managers.
FloodFlash has unveiled its plans to extend its services to an additional 10 states in the United States.
InsurX, a digital exchange equipped with algorithmic capabilities, has made its debut in the London Direct & Facultative (D&F) Property market.
Foxquilt, the small business insurance startup based in Canada, has entered into a long-term capacity relationship with specialty insurance provider Markel.
Motor insurer, Zego, has announced the official launch of its new Business Van Insurance product.
Blink Parametric and MAWDY, a global insurance, reinsurance, and services company affiliated with the MAPFRE Group, have expanded their partnership to include MAWDY Ireland.
Swiss insurance giant Baloise has unveiled a trio of pioneering parametric insurance policies aimed at offering coverage for flight delays, baggage delays, and adverse weather conditions.
FINEOS Corporation has announced that Securian Canada achieved an unprecedented go-live with its claims administration software solution, actively processing disability claims within five months from the start of the project.
Lemonade has officially introduced its car insurance product in Washington, marking the seventh state where it is available.
Lloyd’s has announced the issuance of the first 144A catastrophe bond on its risk transformation platform, London Bridge 2 PCC Limited.
AXA has launched multiple comprehensive enhancements to employee benefits, which came into effect from January 1st, 2024.
ARMD, an insurtech dedicated to serving the underserved tradespeople market in the UK, has forged a strategic partnership with leading wholesale broker distribution platform Sparta Insurance Services.
Allianz Life and Munich Re Automation Solutions are set to unveil a cutting-edge Software as a Service (SaaS) underwriting solution, marking a significant stride in their collaborative efforts.
Equisure, a subsidiary of Amwins, has unveiled its latest initiative with the introduction of its Livestock insurance programme.
Voom has announced the launch of a new insurance solution to address the needs of the gig economy.
Novidea, creator of the cloud-based, data-driven enterprise insurance management platform for brokers, agents, MGAs/MGUs, and carriers, has announced the launch into the Southeast Asian market, starting in Hong Kong and Singapore.
NOW Insurance, a full-stack, AI-enabled commercial insurance platform specialising in medical professional liability coverage, recently launched coverage for physicians and physician groups in their online platform.
Chubb Limited has unveiled a groundbreaking initiative with the introduction of the Chubb Methane Resource Hub.
Balderton Capital leads investment round as Lassie aims to transform the pet insurance landscape
Global brokerage firm Howden has unveiled a cutting-edge primary cyber and technology errors & omissions (E&O) facility in partnership with Lloyd’s Insurance Company.
BrokerTech Ventures (BTV), the industry’s first broker-led convening platform and accelerator program, has opened the application window for its 2024 BrokerTech Ventures Accelerator program.
Marsh McLennan has introduced LenAI, a revolutionary generative AI tool crafted at the company’s Dublin Innovation Centre in collaboration with Oliver Wyman Digital
Oyster, the cutting-edge insurance platform for commerce, has announced the launch of its groundbreaking rental insurance product, marking the introduction of the first usage-based rental insurance programme in the United States.
AXA XL Risk Consulting has launched a new Water Impact and Sustainability Evaluation (WISE) tool, aimed at providing risk managers with a remote and customisable solution to comprehensively evaluate and manage water risks.
Swiss Re’s comprehensive research reveals the role of digital Electronic Health Records (EHRs) in expediting and enhancing underwriting decisions in the life and health insurance sector.
Chubb has unveiled a significant expansion in its digital integration capabilities through the introduction of a new developer portal within Chubb Studio®.
Eigen Technologies (Eigen), a leading global provider of intelligent document processing (IDP), has introduced version 6 of its no-code artificial intelligence (AI) platform, marking a significant leap in the automation of document workflows.
In a strategic move, insurance broker WTW has unveiled “A-Star,” a comprehensive excess layer Directors and Officers (D&O) insurance solution.
Rory Yates, Chief Strategy Officer for EIS, unpicks the pros and cons of Amazon’s new Health Insurance offering
ICEYE, a provider of natural catastrophe solutions and insights, has expanded its constellation by introducing four new synthetic aperture radar satellites.
E.design, an insurtech company affiliated with the Tokio Marine Group, has selected Guidewire Cloud to strengthen its core operations. Guidewire has also announced the release of its new cloud solution, Innsbruck.
Amazon has launched a groundbreaking health care benefit for Prime members, providing exclusive access to high-quality care through One Medical, an Amazon subsidiary.
MetLife, Latin America’s leading life insurance company, has announced the launch of MetLife Xcelerator.
Lloyd’s has launched a comprehensive initiative aimed at fostering greater inclusivity and advancement opportunities for Black and ethnically diverse individuals, spanning from educational settings to corporate boardrooms.
Global advisory firm Willis Towers Watson (WTW) has unveiled plans to establish the Asia Pacific Climate Risk Centre (ACRC) in Singapore.
Leading cybersecurity firm Coalition has officially introduced its suite of Active Cyber Insurance products in the Australian market.
CLARA Analytics has launched CLARAty.ai – a platform designed to transform the insurance claims process by enhancing the day-to-day operations of claims professionals through its holistic approach to claims intelligence.
Previsico has officially gone live in New York with its advanced flood forecasting technology, aiming to mitigate future losses following the recent record flooding that impacted major infrastructure, including LaGuardia Airport and John F. Kennedy Airport.
Global re/insurer AXA XL has announced the extension of Ecosystem access to clients within its Property & Casualty and Specialty insurance lines in North America.
Insurtech firm DGTAL has introduced GRABBER, a cutting-edge Intelligent Document Processing tool, as part of its Software-as-a-Service (SaaS) platform specialising in AI-driven audit solutions for insurance portfolios.
Insurance infrastructure company, Boost Insurance has announced the launch of Boost Re, a new risk transfer platform as the latest component of Boost’s comprehensive insurance-as-a-service stack.
Marsh has announced the launch of a groundbreaking initiative—the Marsh Specialty global cyber practice.
Shippo, the leading shipping platform for modern e-commerce, has joined forces with Cover Genius, the insurtech for embedded protection, to introduce Shippo Total Protection.
International insurtech, bolttech, has announced its partnership with the Swedish telecommunications service provider, Three Sweden.
AXA XL Risk Consulting has launched AXA Immersive Solutions, a groundbreaking training solution that harnesses the power of Virtual Reality (VR) and Digital Twin technologies.
Xceedance, a leading global provider of strategic operations support, technology, and data services for insurance organisations, has officially launched its Centre of Excellence for Generative AI.
Ecclesiastical, a specialist insurer, has joined forces with iprism to unveil a cutting-edge digital platform tailored to cater to the insurance needs of smaller not-for-profit organisations within the charity, education, and faith sectors.
Lloyd’s has launched a groundbreaking systemic risk scenario, unveiling the potential worldwide economic consequences of extreme weather events leading to food and water shocks.
Health insurtech Bluezone has unveiled a groundbreaking partnership with Shepherds Friendly, a leading insurer.
Paris-based banking startup Lydia has joined forces with insurtech Qover to unveil an innovative travel insurance offering.
In a strategic move to enhance customer convenience, bolttech Insurance, the Hong Kong-based general insurance arm of global insurtech company bolttech, has announced a groundbreaking partnership with renowned travel company Trip.com.
Coalition has expanded the availability of its comprehensive Executive Risks Insurance products by offering them on surplus lines paper.
EaseMyTrip.com, one of India’s largest online travel platforms, has announced its new partnership with embedded protection insurtech, Cover Genius.
Kita, a leading carbon insurance specialist and Lloyd’s of London coverholder, has joined forces with Puro.earth, an ICROA-backed carbon standard.
Breach Insurance, a Boston-based global insurance underwriter that provides insurance technology and regulated insurance products for the cryptocurrency market, has announced the launch of Crypto Shield Pro – an innovative crypto custody insurance policy for institutional clients of crypto custody solutions.
SkyWatch, a leader in digital insurance has announced the strategic acquisition of Droneinsurance.com’s assets.
Insurance giant AXA has introduced its transformative “We Care” program, designed to provide unwavering support to its 110,000 employees worldwide at various stages of life and critical moments.
MGT Partners has initiated the launch of MGT Insurance through the acquisition of CM Select from Church Mutual, a prominent insurer of religious organisations in the US.
Resilience, a leading cyber risk solution provider, has announced a substantial increase in its underwriting capacity, now extending up to US$12.1 million in cyber insurance coverage for clients in the United Kingdom and the European Union.
Parametric insurtech Blue Marble and global conglomerate Nestlé, have partnered to deliver weather insurance to coffee farmers in Indonesia.
CoverGo, a leader in the global Software as a Service (SaaS) no-code insurance core platform for health, property and casualty (P&C), and life, has secured a patent for its cutting-edge drag-and-drop product builder.
London-based Managing General Agent (MGA), Skyrisks Ltd., specialising in the advanced air mobility (AAM) sector, has marked its official launch, buoyed by a substantial investment and capacity support from Convex Group, a prominent specialty re/insurer.
Measured Analytics and Insurance, a prominent cyber insurance Managing General Agency (MGA) based in the US, has introduced CyberGuard 2023, a state-of-the-art AI-driven cyber insurance product designed to fortify the cybersecurity defenses of Small and Midsize Enterprises (SMEs).
Verisk has announced the launch of its latest update to the ISO Businessowners (BOP) programme and has added almost 160 new classifications to help insurers keep up with evolving risks.
In a groundbreaking move, Mulberri, an innovative AI-driven embedded insurance startup, has unveiled its cutting-edge Certificate of Insurance (COI) platform.
Ledgertech, an innovative insurtech company that has developed an advanced digital platform for creating embedded insurance products using cutting-edge technology, has partnered with Cellcom, a prominent telecommunications company, and Menora Mivtachim Group, a trusted insurance provider, to introduce a groundbreaking travel insurance product.
New technologies are enabling businesses to predict a whole new spectrum of risks related to political instability, rioting, strikes, terrorism, warfare and more. Insurtech insights talks to Torbjorn Soltvedt, Principal Analyst at Verisk Maplecroft, to find out how.
Lloyd’s Market Association (LMA) has unveiled its Environmental, Social, and Governance (ESG) Academy, meticulously crafted to cater to professionals entrenched within the Lloyd’s market and the broader global re/insurance sector.
SAP Fioneer, a leading global provider of financial services software solutions and platforms, has launched its first software solution for ESG data orchestration and calculation for portfolio and single exposure KPI.
NEXT Insurance, the prominent digital small business insurer, has unveiled a game-changing feature that empowers agents to finely customise coverage quotes, thus better serving the unique requirements of their small business clientele.
Planck has unveiled an innovative underwriting tool named Planck PLUS – a new platform that incorporates advanced Generative AI (GenAI) functionalities, marking a significant milestone in the evolution of underwriting processes.
Insurify has forged a partnership with embedded insurance startup Fletch to introduce pet insurance to its platform.
Coalition, a cyber insurtech firm led by Joshua Motta, is in discussions to establish a new cyber reinsurance Managing General Agent (MGA) with a focus on writing third-party treaty business, The Insurer has reported.
Cover Genius has partnered with Spirit Airlines to launch personalised embedded protection for international travellers, backed by a speedy claims process, for the first time.
Insurity, a provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, has unveiled Circ, its cutting-edge regulatory solution designed to monitor, analyse, interpret, and execute regulatory modifications.
Verisk Maplecroft, the risk intelligence business arm of Verisk, has launched a new predictive strikes, riots, and civil commotion (SRCC) data model, providing forecasts for thousands of global locations on the potential for damaging civil unrest events to emerge.
SME cyber insurance provider Cowbell, will expand its offerings in the UK with the launch of its AI-powered standalone cyber insurance programme – Cowbell Prime One.
In a groundbreaking partnership, the International Federation of Red Cross and Red Crescent Societies (IFRC), along with Aon, Lloyd’s Disaster Risk Facility, and the Centre for Disaster Protection, has unveiled a revolutionary financial tool aimed at transforming disaster response efforts.
ACORD, the standards-setting body for the global insurance industry, today announced the publication of the ACORD GRLC Contract, Risk, and Pre-Accounting (CRP) Implementation Toolkit, a new data messaging standard to facilitate the efficient exchange of insurance data.
Lloyd’s, the world’s leading marketplace for commercial, corporate and speciality risk solutions, today announces the 12 teams that will join the 11th cohort of the Lloyd’s Lab, the InsurTech accelerator hub for developing innovative insurance products in the Lloyd’s market.
SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) has announced the launch of AcceleRate, a new accelerated underwriting experience that distribution partners and customers can count on for speed, reliability and convenience as well as improved rates on term and whole life insurance products.
NOW Insurance, a full-stack, AI-enabled commercial insurance platform specialising in medical professional liability coverage, has announced an investment from a subsidiary of Arch Capital Group Ltd. and a managing general agent partnership with Arch Insurance North America.
Clearcover, a next-generation car insurance company, today announces the launch of “Choice,” its embedded insurance solution that provides a customisable end-to-end auto insurance integration for brands.
Unqork, the leading Codeless as a Service platform, has announced the availability of the Unqork platform on Google Cloud Marketplace.
Charles Taylor InsureTech, a leading provider of technological solutions for the global insurance market, introduces the new version of InHub, a native cloud platform specialised in insurance.
European insurance group Talanx has announced its financials for the first half of 2023, revealing a group net income of €827 million, an uptick of 21% and is the best half year result for the group in its history.
Duck Creek Technologies India LLP, a subsidiary of the renowned Duck Creek Technologies, has set its sights on the thriving Indian general insurance sector.
Aviva has underlined its sustainability commitments by expanding its underwriting appetite to include engineered timber1 in commercial developments.
While the industry buzzes about the potential impact of generative AI, Planck customers are already experiencing the benefits
Quility, a leading insurtech company, today announced a significant investment from F&G Annuities & Life, Inc. (“F&G”) for a minority stake in Quility.
NeuralMetrics, headquartered in Denver, has added Lessor’s Risk Only (LRO) capabilities to its risk-quality data platform.
Insurance services firms in the UK are being warned that they are losing around £222.1 billion a year in total due to poor time keeping and lost billable hours, reveals a new study.
Portal360, Powered by Benekiva allows claimants to manage their claim and engage in real-time discussion with a carrier associate without ever leaving the intuitive Portal360 interface.
At-Bay has announced a significant step in its evolution.
Digital small business insurer NEXT Insurance has unveiled its latest expansion strategy, enhancing its insurance portfolio for small enterprises.
The Travelers Companies, through its subsidiary Northland Insurance, a prominent trucking insurance firm, has made a significant stride in the world of insurtech with the introduction of a cutting-edge telematics programme.
Bikmo, a renowned specialist insurance provider for cyclists, has announced its exciting partnership with the esteemed Caravan and Motorhome Club.
Allianz Trade, the world’s leading trade credit insurer, has introduced a new standalone fraud insurance product to assist businesses in tackling the surge in employee fraud and external scams in the UK post-pandemic.
Zurich Insurance Group (Zurich) and researchers at one of the world’s leading universities ETH Zurich have identified 10 controls that can reduce the risk of becoming a victim of the most common cyberattacks by up to 70%.
Berlin-based insurtech INZMO has launched a new e-scooter product following growing demand in the marketplace.
Clark UK, formerly known as Candid, has strengthened its strategic partnership with iptiQ by introducing its own ‘over 50s’ life insurance product for the UK market.
Tensorflight, a leading computer vision, property data, and insights provider has joined forces with Socotra, a company providing a modern, cloud-based platform for technology-driven insurers.
Augment, a promising new London-based player in the reinsurance industry, has made a significant impact with its launch, following a substantial funding boost of up to $100 million from Altamont Capital Partners, a private equity firm.
Zurich Insurance has made a significant stride in the insurance industry by introducing its cutting-edge suite of solutions for digitally embedded insurance across all Asian markets, Zurich Edge.
Allianz has unveiled the top emerging liability trends in the professional indemnity space for 2023.
The Florida insurance market has made a significant turnaround during the 2023 mid-year renewal, providing a much-needed boost to the state’s insurers, according to Aon’s Reinsurance Market Dynamics report.
Agi3 Risk Services (ARS) and Definity Financial Corporation have launched an AI-powered crop insurance solution called AgriEnhance.
Aon, the prominent global professional services firm, has successfully finalised a “historic” parametric insurance programme for the Government of Puerto Rico.
Tokio Marine Holdings has unveiled a new market intelligence platform that aims to improve collaboration with external companies.
Lemonade has joined forces with General Catalyst (GC), a prominent venture firm and early investor in Lemonade. Together, they have introduced the innovative Synthetic Agents programme, aimed at fueling growth without depleting cash reserves.
The cyber insurance market expected to surpass US$79.75 billion by 2030, fueled by increasing cyber attacks and risk awareness
Candid, the rapidly expanding life insurance and protection company in the UK, has announced its transformation into CLARK UK.
Afreximbank, the export-import bank has introduced its wholly-owned insurance management services subsidiary, AFREXInsure.
Insurtech Lemonade has announced the establishment of a captive cell in Bermuda.
The protection gap is widening on a global scale in response to a range of factors, including the economic crisis and natural catastrophes, says a new report from reinsurance giant, Swiss re.
Zurich Financial Services Australia (Zurich) has introduced an insurance affordability resource in response to the ongoing cost-of-living pressures faced by Australians, driven by inflation and rising interest rates.
Insurtech Arbol and The Institutes RiskStream Collaborative have announced that the dRe insurance solution had gone live on RiskStream’s blockchain platform. dRe uses smart contracts for reinsurance calculations on chain.
AIB (Allied Irish Banks) and Great-West Lifeco have joined forces to launch a new technology-led joint venture called AIB Life.
Intelligent AI, a UK-based startup, says its new data-driven platform has solved the US$433.8 billion commercial property underinsurance problem, and has issued a public statement detailing the triumph
According to a recent report by Cover Genius, overall traveller numbers are expected to reach a staggering 4.0 billion in 2024, surpassing pre-COVID-19 levels.
Verisk, a leading data analytics provider, has revealed in a recent report that only a small percentage of damage to insured assets caused by the May floods in Italy will be covered.
Bluezone, an insurtech reinventing life insurance for people with chronic illnesses is delighted to announce a new strategic partnership with Diabetes.co.uk, the largest diabetes community in the world.
Socotra, the next-generation core platform provider for modern insurers, together with Ledgebrook, an InsurTech MGA focused on the excess and surplus (E&S) market, announced the launch of Ledgebrook’s new platform, powered by Socotra Connected Core.
Stubben Edge Group has announced the launch of its capital arm, Stubben Edge Capital.
Driver Technologies, an AI-based mobility tech company, has announced the successful completion of a $6 million strategic funding round.
Halifax-based startup QuickFacts, an insurtech dedicated to improving the insurance industry with technological disruption, has confirmed the successful completion of a funding round securing $1.13m.
AM Best’s Market Segment Report says the first hard market cycle in US cyber insurance segment is brings return to profitability.
Chubb has announced that its Board of Directors has granted approval for a new share repurchase programme worth $5 billion.
Capitola, the digital marketplace for commercial insurance that connects brokers and carriers, today announced the introduction of GPT technology into its commercial insurance platform.
Singapore-based technology startup OneDegree Global has formed a strategic partnership with Microsoft to drive insurtech and cybersecurity innovations powered by ChatGPT technology.
The insurance broker Aon has unveiled its latest offering in the form of a cutting-edge pricing platform.
Clearcover has launched Agent Hub, which provides an innovative, streamlined experience from onboarding to support
Generative AI looks set to revolutionise risk assessment for insurers as innovative insurtechs like Sixfold raise the interest of investors
AXA Venture Partners (AVP) has recently unveiled its ambitious goal of raising a €1.5 billion ($1.6 billion) late-stage fund.
Lloyd’s, the world’s leading marketplace for commercial, corporate and specialty risk solutions, today announces the appointment of Rachel Turk in the new role of Chief Underwriting Officer.
Mulberri has unveiled its revolutionary AI-powered risk engine to enhance workers compensation, streamline underwriters’ decision making and boost profitability
Socotra has announced the availability of the first insurance policy core platform in the AWS marketplace, Connected Core
Chubb has announced the launch of its first climate tech insurance solution, called Climate+ Renewables.
Yorkshire and Clydesdale Bank (YCB) Pension Scheme has entered into a US$2 billion (£1.6 billion) longevity swap arrangement with Zurich Assurance Ltd. and Pacific Life Re International Limited.
Coalition, the world’s first Active Insurance provider designed to prevent digital risk, has announced the release of its new cyber risk management platform, Coalition Control 2.0.
Clearspeed, a leading provider of voice analytics technology for risk assessment in the insurance, government, and security sectors, has experienced a 200% client growth increase and key market leadership hires in 2023.
Sky, the UK-based telecommunications giant, has partnered with Zurich Insurance to launch a new smart home protection service that offers customers home insurance and smart home technology worth £250 (US$311.95).
CLARA Analytics, a leading provider of artificial intelligence (AI) technology for casualty insurance claims optimisation based in Silicon Valley, has launched its award-winning claims AI platform for general liability claims.
Verisk, the global data analytics and technology provider, has announced the launch of XactXpert, a new rules engine integrated into its Xactimate property estimating solution.
Sayata, has announced the addition of Miscellaneous Professional Liability (MPL) coverage to the Sayata platform.
Glia, a leading provider of Digital Customer Service (DCS), has unveiled a voice banking solution for the Glia Interaction Platform.
Ernst & Young LLP (EY US) has teamed up with the global digital insurance platform provider, EIS Group Inc (EIS), to implement EIS’ cloud-native digital insurance platform for clients in the insurance industry.
AIG, the multinational insurance corporation, has announced the formation of a new independent managing general agent (MGA) called Private Client Select Insurance Services (PCS).
Clearcover, the digital-first car insurance company, has deepened its relationship with Experian’s auto insurance shopping solution to deliver a seamless embedded car insurance experience
InnSure, a mission-driven nonprofit that aims to combat climate change by harnessing the power of the insurance industry, has been awarded $6.5 million by the New York State Energy Research and Development Authority (NYSERDA) to fund insurance innovators who are developing products and solutions to address climate risk challenges.
Majesco, a global leader in cloud insurance platform software for insurance business transformation, has announced a new digital payment offering for its Majesco Claims for Property & Casualty (P&C) customers.
Insurtech Insights has confirmed its expert speaker panel on ‘The Technologies Creating a Dynamic Cyber Insurance Strategy,’ which will see At-Bay, Mulberri, NFP and Cowbell leaders talk tech and innovation on the main stage
The Hanover Insurance Group, Inc. has introduced its Hanover CyberSecure Program, a comprehensive set of cybersecurity services for its Commercial Lines cyber customers.
The CoalitionAI dashboard is now accessible to several US brokers and will answer questions about cybersecurity best practices, cyber policy coverage options, and more
Insurance marketplace Sayata, has announced the addition of At-Bay’s Admitted Cyber insurance onto its platform.
Anansi partners with Wowcher to embed digital goods-in-transit insurance into their shipping process
Sproutt, the life insurance company that modernises life insurance for agencies, agents, and their customers, has announced the launch of Sproutt SmartLife for Agencies.
Gravie, a provider of employer health benefits, has secured a $179 million equity investment led by General Atlantic, a growth equity investor. FirstMark Capital and AXA Venture Partners, Gravie’s existing investors, are also participating in the funding round.
Ninety percent of all DeFi insurance claims paid out since inception were distributed in 2022, according to OpenCover.
Indonesian insurtech company Fuse announced Tuesday that it achieved more than 150 million policies in 2022, with gross written premium (GWP) exceeding $200 million.
Generali UK Branch has chosen to prepare and manage its reinsurance data with leading reinsurance software provider Supercede, including data cleansing, preparation, and validation. This will significantly speed up the process and reduce manual processing time.
Coalition’s new Active Cyber Risk Model simulates aggregate risk for 5,000 companies, extrapolated to an estimated $29.8 billion in total losses to the U.S. economy
Swiss Re’s experts have warned that pressure as a result of inflation is being placed on P&C reinsurers and insurers over the next 12 months and this will impact claims growth.
Netradyne, an SaaS provider of artificial intelligence (AI) and edge computing solutions focused on safety and driver coaching for commercial fleets, announced its partnership with Cover Whale Insurance Solutions, Inc., a commercial trucking insurance provider and fast-growing insurtech.
Coalition, a provider of active cyber insurance, has announced its entry into the excess cyber insurance market in the United Kingdom.
Global insurer Chubb has partnered with Vietnam Technological and Commercial Joint Stock Bank (Techcombank), one of the largest retail banks in the country, for a five-year partnership to co-create innovative insurance products.
Chubb today announced the name for the new global climate business unit the company launched last month: Chubb Climate+. In addition, Chubb announced the appointment of three executives who have joined the business unit’s leadership team.
A new cladding dataset has been developed to enable insurers to better understand property risk across their policy portfolio and drive more accurately priced, instant quotes for new insurance applications.
Branch®, a full-stack insurance company that uses data, technology, and automation to make home and auto insurance simpler to buy and less expensive, announced it has launched in D.C., Georgia, Massachusetts, and Mississippi.
The vendor is targeting European expansion for its global growth strategy, meeting accelerated demand for its API-driven, cloud technology in U.K., DACH, France and other territories.
Award-winning employee benefits broker, Engage Health Group, has teamed up with Allianz Care to launch a new health insurance product for UK start-ups and tech companies with an international workforce.
This new offering,allows clients to receive an extra layer of protection on their shipments, while increasing efficiency and providing faster resolution.
The broking giant Hub International Limited has announced the launch of Hub Shopping Center Insurance for multi-tenant shopping centers in the US.
WeBuy75.com, a life settlement consulting firm, recently launched a new version of its life expectancy calculator, explicitly tailored to the life insurance industry.
Startup insurance provider Branch Insurance has announced that it has launched condo insurance, expanding its array of instantly bindable insurance products.
Liberty Mutual Insurance has announced the launch of a Global Risk Solutions (GRS) Global Cyber Office and the appointments of several industry experts to leadership roles.
Aon announced the launch of CyFi, a broking center designed to negotiate and execute cyber and management liability insurance lines for small commercial businesses.
Assurant announced the introduction of its new suite of vehicle products, Assurant Vehicle Care, that offers legacy protection products and digital tools to help customers manage their policies and protect their vehicles, including vehicle service contracts, guaranteed asset protection and prepaid vehicle maintenance. The new portfolio of products brings about an enhanced digital experience with the Vehicle Care by Assurant app and the Assurant Vehicle Care website.
Berkley Re Solutions today announced a partnership with Barton Mutual Insurance Company to introduce a first-of-its-kind coverage for individuals and families who experience traumatic events.
Munich Re Specialty Insurance (MRSI) has announced the launch of Reflex, a customized cyber risk management program.
Legal expenses insurer ARAG plc has made some of its more popular insurance products available on the Acturis platform.
WTW’s ESG Clarified joins the company’s market-leading analytics suite of offerings available through the RiskIQ platform.
Swiss Re Corporate Insurance has announced that it will provide PULSE & Network to the UNIQA Group, giving UNIQA access to a single digital platform that will manage and deliver structured and compliant international programs for them.
Active cyber insurance provider Coalition has announced that it has launched its own full-stack insurance carrier called Coalition Insurance Company (CIC).
German insurtech startup Getsafe is adding a fourth market with today’s product launch. In addition to Germany, Austria and the U.K., Getsafe is now going to offer insurance products in France. The company will first offer a home insurance product.
The prebuilt solution empowers insurers to reduce time to quote, minimize risk, improve profitability, and elevate the customer experience.
Today Aviva launches the Foundry, a Norwich based initiative dedicated to building the region’s digital workforce.
With 48% of insurance brokers and agents uncomfortable explaining cyber insurance to their clients, Academy strengthens insurance brokers’ knowledge of standalone cyber insurance
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