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.

Insurtech Start-Up Breach Insurance Launches Crypto Shield Pro

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.

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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).

MGA, Measured Analytics, Launches New Cyber Solution for SMEs

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).

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Ledgertech, Cellcom, and Menora Mivtachim Partner to Launch First Automated Digital Embedded Travel Insurance Solution

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.

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SBLI Launches New Accelerated Underwriting Programme

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.

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Boston-based insurance startup Ledgebrook has joined forces with hybrid carrier Obsidian to introduce an innovative miscellaneous professional liability programme.

Ledgebrook Goes Live with Socotra Connected Core

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.

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InnSure Awarded US$6.5 Million to Fund Climate Risk Innovation

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.

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evan greenberg chubb

Chubb Introduces Chubb Climate+

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.

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WhenFresh launches cladding dataset

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.

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Branch Launches In Three New States and D.C.

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.

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Socotra Launches Connected Core in AWS Marketplace

Socotra to Expand in Europe

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.

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Assurant launches auto product suite, digital experience

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.

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insured.io Introduces Payment Center

insured.io, a provider of cloud-based, customer engagement solutions for the insurance industry, is pleased to announce the availability of a new payment processing feature, Payment Center, which is seamlessly integrated into the company’s Insured Portal.

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Aviva India Launches Aviva Signature Investment Plan

Aviva Life Insurance, India’s most trusted private life insurance company, announced the launch of Aviva Signature Investment Plan, a Unit Linked Non-Participating Individual Life Insurance Plan. The plan is crafted keeping in mind the needs of Millennial and GenX customers.

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Stone Ridge backs $100m retro cyber quota share for Hannover Re

Stone Ridge Asset Management, the New York based asset manager an alternative risk premia focus, including reinsurance and insurance-linked securities (ILS), has provided US $100 million in capital to support an innovative retrocession cyber quota share arrangement for global reinsurance firm Hannover Re.

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New aviation reinsurer arrives

Alternative investment manager Castlelake has created Itasca Re Limited, a reinsurer that will offer insurance financing solutions to commercial aircraft assets owners and buyers.

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Kin Launches Home and Property Insurance in South Carolina

Kin, the direct-to-consumer home insurance company built for every new normal®, today announced its expansion into South Carolina. Kin is entering the Palmetto State to offer a seamless way for homeowners and landlords to protect their most valuable assets, despite being exposed to several risks.

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battleface launches Robin Assist, Travel Insurance as a Service

Travel insurance provider battleface today announced the launch of Robin Assist, a new tech-driven platform as a service. Built for insurance carriers, brokers, managing general agents (MGAs) and self-insured enterprise partners, the global API-driven insurtech platform supports travel insurance via responsive 24/7 customer service, emergency medical assistance services and claims.

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Gallagher Launches New Middle East Energy/Power Operation

Gallagher today announced it is launching energy and power risk services for clients in the Middle East. To lead this new practice, Gallagher has appointed Jack Wishart as Divisional Director & Head of Risk Engineering for the region. Currently Vice President, Risk Engineer, at Marsh in the UAE, he will join Gallagher in February 2023, and play a key role in expanding Gallagher’s energy and power offering.

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bolttech Teams up with Malaysian Retail Brand AEON to Launch New All-In-One Insurtech Product

Bolttech Partners With AIS in Thailand

International insurtech, bolttech, and Thailand’s leading mobile network operator, AIS, have partnered to deliver embedded protection services including mobile device switch and replacement services to AIS customers for the recently-launched AIS Care+ programme.

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Core Specialty Announces Excess Liability Program with Synchronosure

Core Specialty Insurance Holdings, Inc. and its subsidiaries (“Core Specialty” or the “Company”) announced today the launch of a new excess liability program, in conjunction with Synchrono Group Inc. (“Synchronosure”). The program provides up to $5 million in excess liability coverage, attaching at $11 million and higher, to small and middle-market businesses operating within over 550 industry class codes. The program will be available nationwide on a non-admitted basis, exclusively through Synchronosure

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ALLIANZ TRADE, SANTANDER CIB & TWO PARTNERED TO DEVELOP A NEW B2B BNPL SOLUTION

Allianz Trade, the world leader in trade credit insurance, Two, the pioneering business-to-business (B2B) e-commerce payments platform, and Santander Corporate & Investment Banking (CIB), one of the Top Trade Finance banks in the banking sector, have partnered to provide the first global B2B Buy Now Pay Later (BNPL) solution for large multinational corporates.

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OKX Ventures and Neptune Mutual Launch First OKX Cover Pool

OKX Ventures, the venture arm of world-leading cryptocurrency platform OKX, and crypto hedging protocol Neptune Mutual today announced a partnership to deliver OKX’s first-ever cover pool. The decentralized cover solution will be listed on Neptune Mutual’s P2P cover marketplace, which offers protection against hacks and attacks in DeFi, CeFi, and metaverse protocols.

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J.P. Morgan and Lincoln Financial Merge Insurance Trust Funds

J.P. Morgan Asset Management and Lincoln Financial Group today announced that they have strengthened their partnership to have J.P. Morgan’s world class investment capabilities as part of Lincoln Financial Group’s platform, further enhancing Lincoln’s broad offerings of leading insurance, retirement and variable annuity solutions.

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Munich Re Ventures Leads US$10 Million Series for Travel Insurtech, Faye

Munich Re to Launch Specialty Insurance Division

Munich Re has decided to establish an additional Board division. With effect from 1 January 2023, various primary insurance businesses of the Group that are part of the reinsurance segment will be managed together in a new Global Specialty Insurance (GSI) division.

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Ford striking up insurtech partnerships

Automaker Ford has been busy in the insurance and insurtech space lately, striking up partnerships with insurtechs Wejo, CerebrumX and J.D. Power-owned ChromeData for telematics and vehicle data functions, plus its foray into commercial insurance with Pie Insurance.

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Bradley Collins

Bradley Collins