We regularly curate the latest news and insights to create the largest platform for knowledge-sharing and development within the world’s insurance industry.
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
The Hanover Insurance Group, Inc. (NYSE: THG) today announced the launch of a specialty general liability offering.
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.
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.
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.
Alternative investment manager Castlelake has created Itasca Re Limited, a reinsurer that will offer insurance financing solutions to commercial aircraft assets owners and buyers.
SunLife, part of Phoenix Group, and iptiQ, Swiss Re’s digital B2B2C insurer launch an innovative life insurance product for UK-based customers aged 50 years and above. The new solution runs on a digital end-to-end platform and accelerates claims processing with customer-focused features.
Leader Bank, N.A. is excited to announce the launch of its new subsidiary, Leader Insurance LLC, in an effort to streamline the home buying process for its clients by providing property, auto, and umbrella insurance policies.
Papara, the market-leading Turkish fintech, today announces the launch of its insurance arm, bringing affordable, fair and fast insurance to users in Turkey.
At-Bay, the leading insurance provider for the digital age, today announced the launch of a new admitted cyber insurance product.
Idelic Inc, an insurtech solution, launches new insurance agency offering for commercial auto fleets using Idelic’s Safety Suite® and Driver Safety Playbooks.
Liberty Mutual Holding Co. is exploring a sale of its Latin America businesses as part of the US insurer’s divestment plans from non-core markets, according to people with knowledge of the matter.
Arthur J. Gallagher & Co. today announced the acquisition of Dublin, Ireland-based First Ireland Risk Management Limited (“First Ireland”). Terms of the transaction were not disclosed.
Company poised to advance the U.S. flood insurance market with parametric technology that can quickly rejuvenate businesses and livelihoods within days of flooding
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.
World-Leading Insurers and United Nations Launch Pioneering Target-Setting Protocol to Accelerate Transition to Net-Zero Economy.
Aviva has reaffirmed its commitment to sustainability by extending its renewable energy insurance offering into the growing offshore wind market.
Sure Premium Audit Analytics predictive models enable carriers to find misclassifications and underwriting inconsistencies faster, improving premium auditing efficiency by 15 percent.
In a bid to make travel more inclusive and accessible to all, Cleartrip, one of India’s fastest-growing OTA players, announced the launch of a host of customer-centric features on its platform.
The Agreement Extends ZestyAI’s Presence in the Real Estate Market Following Exponential Growth in Property and Casualty Insurance.
Two Bermuda companies are teaming up with multinational financial services firm Aon PLC to launch Apex Protect, a company offering specialty directors and officers for funds.
hoice Mutual shares its total commitment to selling final expense life insurance, which is commonly referred to as burial, mortuary, incineration, and end-of-life insurance.
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.
Cover Genius, the leading insurtech for embedded protection, today announced it is partnering with HomeToGo, the marketplace with the world’s largest selection of vacation rentals, to simplify the short-term rental experience with comprehensive embedded protection
Envision Re, Ltd., will bring together businesses that want to optimize their risk management programs while reducing their carbon footprint.
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.
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.
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
For over four decades, AALL Insurance has been helping Arizona residents find the right coverage at the best price and have expanded to serve the Chandler community.
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.
Berkshire Hathaway Specialty Insurance (BHSI) has announced the following leadership appointments in its UK Executive & Professional Lines business: Jess Kirby has been named Head of Executive & Professional Lines, responsible for the management and leadership of BHSI’s Commercial Management Liability, Financial Institutions and Professional Indemnity businesses.
Chubb has announced the launch of a global climate business unit dedicated to tackling the impact of climate change and working toward the goal of a net zero future.
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.
To further drive sustainability together with its customers as well as within its own operations, Allianz Global Corporate & Specialty (AGCS) has established a dedicated in-house organization for Environmental, Social & Governance (ESG) activities including several high-level leadership roles and appointments.
Reinsurance Group of America, Incorporated, a leading global life and health reinsurer, together with their global accelerator RGAX LLC, today announced the launch of Plan V Care, a digital cancer-only product designed for women.
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.
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.
Bupa (Asia) Limited, a health insurance specialist, and CoverGo, the leading global no-code insurance SaaS platform for health, P&C, and life, are joining forces to streamline Bupa’s health insurance ecosystem in Hong Kong.
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.
QBE announced for the first time the introduction of warranty and indemnity (W&I) insurance in Europe to further support customers. The new product reflects a greater need for capacity and technical expertise to respond to customer demands and an increased level of mergers and acquisitions in the region.
The Business Council of Co-operatives and Mutuals (BCCM) has prepared its first voluntary code of conduct for operators of discretionary mutual funds (DMFs), amid renewed interest in the risk protection schemes as alternatives to traditional insurance products.
Next-generation insurtech broadens offerings to support small businesses, particularly those in food & beverage
Safe Security Inc., global leader in cyber risk quantification and management (CRQM), today launched SafeInside Insurance, the first cybersecurity Managing General Agent (MGA) leveraging API-based cyber risk telemetry and quantified insights to underwrite cyber insurance.
Wikifri provided a team of reinsurance subject-matter-experts to manage the program and provide business analyst support and data conversion expertise.
Bupa (Asia) Limited, a health insurance specialist, and CoverGo, the leading global no-code insurance SaaS platform for health, P&C, and life, are joining forces to streamline Bupa’s health insurance ecosystem in Hong Kong.
Insurance startup At-Bay announced that its Miscellaneous Professional Liability insurance product will now be available via API to wholesale brokers, multi-carrier platform providers, and other distribution partners who service the insurance and small-to-medium sized business community
$10 Million in Funding, new Patent for AI Technology, Product Innovation, and Executive Hire with Deep AI Experience Mark Another Successful Year for the Company
Legal & General Group plc (“Legal & General”) announces that it has agreed its first Pension Risk Transfer (PRT) transaction in Canada for more than CAD $200 million (£114 million). The Canadian PRT market is an attractive and fast-growing market, which has more than doubled in size over the last five years to reach sales in 2018 of CAD $4.6 billion (£2.6 billion).
Oyster, an insurance technology company that provides personal insurance through seamless point-of-sale and post-purchase experiences, today announced that it has raised a $3.6 million financing round.
QBE has announced the introduction of Warranty and Indemnity (W&I) insurance in Europe for the first time to further support customers.
Descartes Underwriting, an insurance technology focused Managing General Agency specializing in parametric and data-driven risk transfer products, announced the launch of a full-stack underwriter called Descartes Insurance.
Chubb, the world’s largest publicly traded property and casualty insurance company, announced today it will launch a new technology services center in Thessaloniki, Greece in early 2023 to deliver innovative technologies that enhance the customer experience, increase efficiency and accelerate the company’s digital transformation.
Global reinsurer Munich Re and JiuGe Technology, subsidiary of mobile data and services company FingerMotion, are ready to launch their new behavioural rating services platform for commercial use.
RSA today announced the launch of its new low-carbon underwriting policy, effective 1 January 2023, and a commitment to achieving an underwriting portfolio for energy production that is over 75% low carbon by 2030.
AXA Hong Kong and Macau is working with Chung Shing Taxi and TaxiSafely to launch what it considers Hong Kong’s first Internet of Vehicles (IoV) project.
Parametric flood insurance company FloodFlash, the first insurance provider to pay catastrophic flood claims as fast as 4 hours after a flood, announced today the hiring of Mark Hara as CEO of North of America. After an extensive search, Hara joins to lead the company’s expansion into the U.S. insurance market, the biggest flood insurance market in the world.
Allianz Commercial has announced the launch of a new model to provide a consistent and tailored approach to broker relationships.
AXA Commercial, part of AXA UK , announced that it has created a team of “120 experts” who will focus on the SME market.
WTW, the global advisory, broking, and solutions company, has announced the launch of a new geopolitical risk research programme to bring together world experts and build resilience against escalating threats.
Marsh has revealed that it has placed insurance for the first space rocket launch from UK soil, arranging it on behalf of Space Forge and placing it with Beazley to cover risk of loss to the Forgestar payload.
Tens of thousands of companies that would benefit from being able to offer their customers insurance will be able to do so from today.
Airbnb is trying to remove barriers that might keep people from listing their homes in part by tripling its insurance coverage and offering free one-to-one guidance for new hosts.
Allianz’s engineer surveyors can now inspect charging points for electric vehicles, which new developments need to be equipped with since a Building Regulations update came into force in June.
Coalition, the world’s first Active Insurance provider designed to prevent digital risk before it strikes, today announced newly available application programming interfaces (APIs) for management liability through Executive Risks Insurance.
Zurich Insurance Group has launched Zurich eXchange, a next generation global Application Programming Interface (API) marketplace.
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.
After an auto accident, appraisers and repair shops may not immediately know exactly how much damage there’s been to a vehicle, or if it’s definitely totaled. Or an appraiser might provide an estimate, and then a week later, a body shop realizes the car is totaled.
Zurich has launched Zurich eXchange, a newly created API marketplace that brings together services from across the Zurich Group.
The global insurance broking giant and risk advisor Marsh has today revealed that global commercial insurance prices increased 6% in Q3 2022, representing 20 consecutive quarters of increases.
CyberCube has announced that it has launched the world’s first set of detailed Exposure Databases to enable re/insurers and brokers to perform a wide range of benchmarking, sensitivity, and real-time analyses for cyber risks.
CloudCore customer production support de-risks and accelerates a carrier’s journey to the cloud.
Apple will start to offer health insurance in 2024 as it looks to build on the health data it has acquired from the Apple Watch, an analyst has predicted.
Life insurtech YuLife has officially launched in the United States (US) after completing several funding rounds, which brought its total investment to $206m (£181m).
UK insurer LV= has launched ElectriX, “a one-stop shop offering drivers everything they need to get on the road with an electric car.”
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.
Hurricane season is well underway, and with several weeks of activity potentially on the horizon, homeowners in high-risk areas are in a pinch.
Amazon has announced the launch of its Amazon Insurance Store, a new way for UK customers to shop for home insurance.
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.
Vouch Insurance , a commercial insurance business focused on tech companies, announced its expansion into the life science category with the introduction of new proprietary insurance solutions.
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%.
AXA UK has announced the launch of Moja, its new digital-only insurance brand.
Global professional services firm, Aon, has expanded its data and analytics capabilities for reputational risk with the acquisition of advanced analytics and advisory services provider, Pentland Analytics’ reputation crisis database.
Lemonade is launching in the UK, in what it considers “a long-term, strategic partnership with leading UK insurer, Aviva ,” that will serve as its reinsurer.
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.
Resilience, the San Francisco-based cyber managing general agent, has launched an operation in London to serve the UK market.
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.
Good processes are at the heart of maintaining customer trust. There is however a key factor holding back the speed of insurance: trust. Therefore, FRISS today announced the launch of their Trust Automation Platform.
Liberty Specialty Markets, part of Liberty Mutual, and REIN chose to launch its new bundled insurance product in anticipation of the need for drone insurance in a fast-growing market, and to add value to Sony’s drone offering, a release said.
Akur8, the next-generation insurance pricing solution, and Milliman, a premier global consulting and actuarial firm, are excited to announce the global expansion of their strategic alliance.
Aviva has launched standalone insurance products covering electric vehicle charging points aimed at installers and operators.
MetLife announced the launch of a new dental wellness incentive. The provision rewards employees for positive oral health behavior – such as routine cleanings and exams – by increasing a member’s annual maximum and/or coinsurance percentages, and/or by reducing plan deductibles.
Asta, the third-party managing agent at Lloyd’s, and Acrisure announced that Lloyd’s has granted “in principle” approval for the launch of Flux Syndicate 1985, which will commence underwriting on Jan. 1, 2023.
American International Group Inc. said it will move ahead with plans to raise as much as $1.9 billion selling shares in its life and retirement unit.
Aon plc, the global professional services firm, has launched a Strategy and Technology Group (STG) to bring together a wide range of expertise and technology solutions — designed to help property & casualty and life re/insurance clients build resilience.
Coalition, the San Francisco-based cyber management general agent, began trading in the UK on September 1 and has opened an office in London.
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.
Gallagher has invested in Novidea’s insurance broking platform to develop it for its specialty client base.
Praedicat, an emerging liability risk analytics firm, announces partnership with information services firm Experian to provide new company and portfolio analytics tools to underwriters of directors and officers (D&O) insurance coverage of U.S. public companies.
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.
Ecommerce platform Shopify has introduced a bundled shipping insurance offering for merchants.
Erie Strategic Ventures will invest in and offer commercial support to startups focused on the insurance industry and related spaces.
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.
Insurtech platform Accelerant has launched a new $175 million sidecar investment vehicle, called Flywheel Re.
FairPlay, the world’s first “Fairness-as-a-Service” solution for algorithmic decision-making, today announced the launch of Input Intelligence, al bias detection product for insurance carriers.
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.
Marsh has announced the launch of a first-of-its-kind insurance and reinsurance facility that provides dedicated capacity for new and existing green and blue hydrogen energy projects.
Allianz SE is in talks with Chinese banks to set up a majority-owned asset management venture in the world’s second-largest economy, two people with direct knowledge of the matter said, aiming to tap a $4.3 trillion market for wealth products.
French reinsurance major SCOR is moving its venture activities into the next phase by combining its P&C Ventures and L&H Ventures mandates into a single practice.
Insurance challenger brand, Urban Jungle, has added to its range of home insurance products with the launch of its new car insurance.
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.
The coverage insurance coverage protects businesses from the financial fallout of third-party content delivery network outages.
Kinetic Insurance, a partnership between Kinetic, a wearable device company, and Nationwide is protecting workers from potentially high-risk activities. Kinetic’s Reflex can reduce injuries by as much as 50%, according to the company.
At-Bay, the specialty insurance provider for the digital age, today announced the launch of its Miscellaneous Professional Liability (MPL) product, becoming the first to offer an automatically underwritten policy that customizes coverage and pricing across more than 50 diverse classes of business.
Swiss Re Insurance-Linked Investment Advisors Corporation is SEC-registered and offers investment management services to qualified investors.
NuVenture International has launched BluNiche, which is the incubator’s third managing general agent in the UK.
The new system, CAT-RS, solves many of insurers’ greatest challenges, by using property-level analytics to support a fast, accurate catastrophe response.
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.
Chainproof has launched as the world’s first regulated smart contract insurance provider, fusing the unprotected gap between traditional insurance with decentralised finance (DeFi).
Lloyd’s underwriting syndicate Probitas 1492 has announced that it has started to officially underwriter cyber.
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.
Marsh has announced the launch of its Cyber Incident Management (CIM) service to support clients headquartered in the UK and Continental Europe to prepare for, respond to, and recover from cyber incidents and increase their cyber resilience.
Munich Re Specialty Insurance has implemented into production Bond-Pro’s Next Gen surety solution, according to the firm.
Gigaforce, an InsurTech provider of a SaaS-based, blockchain-optimized, claims platform, is pleased to announce the launch of a new claims intake bot, Gigabot, which moves the company’s clients significantly closer to a touchless claims experience.
WTW has announced the launch of new price inflation forecasting technology for insurers. The ground-breaking tool uses Audatex’s repair data, which covers 98% of all UK vehicles, augmented by machine learning and comprehensive historical data analysis by WTW.
Pie Insurance, an insurtech that specializes in workers’ compensation insurance for small businesses, has announced that it has expanded into Alabama and Oregon.
Global digital asset platform Amber Group has secured insurance coverage for its wallet infrastructure from Arch Syndicate 2012 at Lloyd’s and insurtech firm OneDegree, which is supported by a multi-year reinsurance partnership with Munich Re.
AXA today announces the launch of a strategic program to build a Digital Commercial Platform. This platform will aggregate different services to transform AXA’s value proposition to better serve its commercial customers, in line with AXA’s Driving Progress 2023 strategic plan.
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