We regularly curate the latest news and insights to create the largest platform for knowledge-sharing and development within the world’s insurance industry.
Ltd (“Brit”) announces the creation and successful proof of concept launch of a proprietary machine learning algorithm designed to accelerate the identification of post catastrophe property damage, based on the use of ultra-high-resolution imagery.
French startup Alan is better known for its health insurance products — they now insure 200,000 people. But it has been slowly building a superapp for your health and expanding with new services.
Embroker released two new standalone digital insurance products: Cyber Insurance and Commercial Crime Insurance. Embroker insurance products, built digitally from the ground up, are designed for privately held small to medium sized businesses that are being underserved by legacy commercial insurance carriers.
Cover Whale Insurance Solutions Inc., a Rancho Santa Margarita, Calif.-based insurtech, is partnering with excess and surplus lines insurer Everspan Indemnity Insurance Co., to offer a commercial trucking insurance program.
Farmers Insurance today announced plans to use a digitally controlled mobile robot to assist with in-field catastrophe claims handling and non-catastrophe property inspections, helping to improve the safety and efficiency of both while becoming one of the first national P&C insurers to deploy a robotic quadruped.
British visual assessment and disaster recovery startup Tractable has unveiled AI Inspection, a solution that precisely assesses the external condition of a vehicle’s body within minutes.
The platform will allow insurers to accelerate their transition to new digital operating models, facilitate the creation of new products and drive cost savings – irrespective of business line.
A new UK Motor Insurer Adiona has launched today in London. Adiona is a new technology-driven brand led by a group of global industry figures who are aiming to make changes to fix the ‘broken’ motor insurance market.
Hippo, the home insurance group that created a new standard of care and protection for homeowners, today announced the launch of its Builders Program to further simplify the home purchase process and deliver home insurance directly to buyers of newly built homes.
Large insurance companies are lagging in embracing open insurance, despite the fact that the number of challengers in the landscape continues to grow. This is according to new research from management consultancy Innopay.
Global reinsurance broker Gallagher Re has announced the launch of Gallagher Automated Insurance Analytics (GAIA), a proprietary automated analytics platform.
Swiss Re has entered into a partnership with BlaBlaCar, the world’s leading community-based travel platform, and motor insurance specialist L’olivier Assurance, the French branch of Admiral Group.
Lemonade Pet launched a new preventative care package designed for puppies and kittens under two years old. The new package offers coverage for procedures like spay and neuter, microchipping, flea medication, and up to six vaccines or boosters.
The real-time risk aggregation platform utilizes Corvus scan data and helps to makes risk capital more transparent and efficient for insurers and reinsurers.
Latium Technologies and Aon plc today announced a strategic alliance to introduce Latium’s Job Site Insights® (JSI®) Internet of Things (IoT) application and suite of products as a foundational risk mitigation tool for contractors and owners.
Amazon has launched an online network for small business insurance.
Swiss Re Corporate Solutions will use a tropical cyclone risk modelling product developed by Sydney-based Reask to extend its parametric windstorm cover to regions including Asia Pacific.
Tractable, the company developing AI for visual assessment and disaster recovery, today launches AI Inspection, a new solution that accurately assesses the external condition of a vehicle’s body within minutes.
Commercial motor insurance provider Zego has introduced a workplace policy to encourage internal mobility for its employees.
Insurtech The CareVoice,
has today announced numerous firm updates, including launch of its upgraded operating system
as an API-based infrastructure and health ecosystem, new collaboration with several major
insurance companies, a progressive roll-out across multiple countries from Asia, Europe and
Latin America, and additional capital as part of ongoing B financing round.
The home insurance group, which is transforming homeowners insurance, will fuel growth through its global team.
Pie Insurance will acquire a regional insurer as it moves forward with a bid of becoming a full-stack insurance carrier.
Cowbell Cyber, the industry’s first AI-powered cyber insurance provider for small to medium enterprises (SMEs), today announced the release of application programming interfaces (APIs) for streamlined digital distribution of cyber insurance.
This usage-based Insurtech offering will assist in empowering riders to customize flexible coverage plans and lower insurance costs.
Zurich Insurance, one of the world’s leading insurance providers, with the help of Blue Prism has implemented a fresh robotic operating model (ROM) to great effect, scaling intelligent automation (robotic process automation fueled with AI) and providing its people the right skills for an ever-changing workplace.
Ping An Group has announced the roll out of its artificial intelligence-driven “AskBob” clinical decision support system (AskBob CDSS) in the Philippines to support the country’s COVID-19 response efforts.
Haven Life’s term life insurance offerings will be available on Even properties and via its wholly owned subsidiary LeapLife.
Lloyd’s has today announced the next eleven InsurTech start-ups joining the seventh cohort of the Lloyd’s Lab innovation accelerator programme. The new cohort will focus on creating simpler products for customers, including building solutions related to cryptocurrencies.
AXA has launched STeP, a digital claims solution that is set to transform the insurer’s online offering and provide more choice for its motor insurance customers.
Lloyd’s will be testing whether delegated authority business can facilitate claims in minutes.
We live in an increasingly digital world, and new digital platforms such as financial apps, social networks, e-commerce, smart homes, and the new environment of remote working are associated with growing cyber risks. Recent researches clearly show that most consumers are concerned about cyber threats, but only a few know that personal cyber insurance products are available.
Democrance, the UAE-born InsurTech startup, has entered a partnership with MetLife as part of the global insurer’s commitment to simplifying interactions with customers through innovation and digitisation.
Lloyd’s will design insurance for electric vehicles which will cover a breakdown in internet connections, and look at ways to insure hydrogen transportation.
Home insurance group Hippo has announced that it is expanding into commercial insurance. The company has announced that the first product to launch from Hippo’s commercial lines unit is a tailored homeowners’ association (HOA) product.
Hippo, the home insurance group that created a new standard of care and protection for homeowners, today announced its expansion into Commercial Insurance.
Tractable, the company developing AI for accident and disaster recovery, today launches AI Subro, a new solution that will help US auto insurers resolve subrogation tasks with AI.
AXA UK has introduced a new machine learning tool designed to help streamline and accelerate complex property claims.
EY today announces an alliance between Fadata, a leading software provider that focuses on core insurance operational platforms, and Ernst & Young LLP (EY UK), to help insurance companies drive improved business performance through technology transformation delivering an end-to-end digital experience.
Eight of the world’s leading insurance and reinsurance companies on Sunday launched an alliance to help speed up a transition to a net zero emissions economy.
This week we spoke with Ron Rock, Senior Director at JobsOhio, about insurance disruption and the future of work – and the State of Ohio.
Willis Towers Watson, a leading global advisory, broking and solutions company, today announced the launch of a toolkit for startup airlines building a robust risk framework for the industry, now and into the future.
BIBA has launched a new scheme with the Reading based insuretech OneClickCover Ltd offering members access to a highly innovative, data-driven online home insurance platform that provides customers a quote in a few seconds, using just the property address.
Today we spoke with Apollo’s Jeff McCann and Berkley Canada’s Alexandra Spence about what the ‘Amazon’ insurance experience could look like – from embedded insurance to platform ecosystems, distribution is fundamentally changing.
Re/insurance broker Willis Towers Watson has started live trading complex commercial risks after integrating its broking platform with Ki.
Re/insurance broker Aon has decided to extend its strategic alliance with Zesty.ai, a tech firm that uses artificial intelligence to assess climate and non-catastrophe risk, following the approval of a new wildfire risk model in California.
Specialty reinsurance group Chaucer has announced the launch of its new Belt and Road Consortium at Lloyd’s. The consortium will initially underwrite political violence risks, with future products in development for other lines of business.
Duck Creek Technologies (DCT) has inked a partnership deal with Price Digests, a division of Informa PLC (GB:INF), to provide insurers with the most comprehensive API-integrated vehicle asset data solutions.
Nationwide has introduced a new package of coverage geared for those who are spending a lot more time at home these days.
Universal Fire & Casualty Insurance Company (UFCIC) has become the first insurance company to accept cryptocurrency for premium payments.
Hong Kong Broadband Network Ltd. (HKBN) is now offering customers an “All-in-One Home Kit,” complete with fiber broadband service and home insurance from AXA Hong Kong and Macau (AXA).
Commercial motor insurance provider Zego has introduced a robust workplace policy to support Trans and Non-Binary employees, outlining the company’s clear position and commitment to supporting Trans and Non-Binary employees.
Insurtech startup Urban Jungle, famous for its £5 per month renters insurance, has today announced the launch of its new Building and Contents insurance product – targeted at younger homeowners, who it says have been ‘ignored’ by the big insurance companies.
Zurich North America has announced the expansion of its medical stop-loss insurance presence in the middle-market space through a relationship with Pennsylvania-based managing general underwriter IOA Re.
Piloting in Canada, Budweiser to explore lifestyle-based insurance plans, marking a creative business extension for the brand.
This week Stéphane Guinet, founder and CEO at Kamet Ventures discussed the key attributes of startups that can rise above the rest and attract major funding.
Chubb, the world’s largest publicly traded property and casualty insurer, has announced the development of its “Pay As You Roam” (PAYR) travel insurance proposition.
International insurance broker Howden has announced the launch of Parhelion, which Howden calls “the world’s first fully sustainable insurer.” Parhelion is targeting a capital raise of $500 million.
Canopius Group has launched its algorithmic underwriting platform, Vave, as an managing general agent.
Baloise Group has launched ‘BaloiseFleet Motor Vehicle’, a new insurance solution that offers companies a wide range of elective options for enhanced protection for their company vehicles.
Former AXA XL Executive Jonathan Beck and Underwriter Richard Spurrier are set to launch a new Specialty Insurance Cell focused on land-based and maritime Kidnap and Ransom, Fine Art, Jewellery and Classic Car risks.
Global insurance brokerage Willis Towers Watson (WTW) has launched Igloo Cloud, a new cloud-based solution that offers “game-changing performance” – with virtually unlimited and flexible computing resources, scalability, and reduced operating costs.
Visual Intelligence technology and advanced computer vision algorithms let insurers identify causes of property claims at an earlier stage, reducing resources and time spent.
Insurance agency technology firm Vertafore has released a product it says puts the power of data and analytics into the hands of independent agencies.
Available through an entirely online application, Haven Disability offers financial protection for the 51 million American workers who don’t have disability insurance.
Chubb Benchmarq Package helps to fill a gap in the lower middle market; provides agents and brokers the ability to scale and tailor coverage offerings to create a fully customized package policy.
Today, mobility data and analytics company Arity launches Arity IQ, a game changing innovation that enables insurers to offer consumers the most accurate price by leveraging driving behavior data at new business.
Ping An Insurance recently revealed that it has completed the initial close of Ping An Voyager Partners, LP, which is a growth stage venture fund. Approximately $200 million in commitments have now been made toward the planned $475 million target.
This morning AI solutions provider Sprout.ai have secured Series A funding from Amadeus Capital Partners, APS and Zurich are partnering on a Middle East-focussed payments solution, and LexisNexis Risk Solutions have released their 2021 Future of Claims Report.
We spoke with Ben Smyth, co-founder and CEO of ethical contents insurer Arma Karma. We discussed engaging young customers, building bespoke products and taking on social responsibility in insurance.
Digital insurance platform will be the first to accept insurance premiums and pay insured claims in cryptocurrency.
Digital life insurer Singapore Life (Singlife) Philippines on Thursday said it is gearing to roll out at least two new offerings, which could come as early as September.
Aviva has joined forces with Ripe’s Cycleplan brand to offer customers specialist cycle insurance.
To help employers address the mental health issues of their workforce, Zurich Resilience Solutions – part of the Zurich Insurance Group – has launched a new digital tool.
Broker Aon announced today the launch of a shareholder class action exposure modelling service, responding to clients’ need for support to manage the challenging directors’ and officers’ (D&O) insurance market.
Today we see Allianz announce that it will phase out insurance for coal-based business by 2040, Direct Insurance and other affiliates integrated into the new Aventum Group, and Canadian insurtech APOLLO has secured coverholder status with Lloyd’s of London.
This morning we see more funding rounds, major insurers partner to insure global vaccine rollout, and the LMA has announced their new Legal Director.
Chubb and Marsh today announced a collaboration with the World Health Organization (WHO) and Gavi, the Vaccine Alliance (Gavi), that has secured insurance coverage for a Program that will offer eligible individuals in 92 lower-income countries and economies a fast, fair and transparent process to receive compensation for rare but serious adverse events associated with vaccines distributed through COVAX up to June 30, 2022.
This morning Wunderite, a Boston-based software startup, announced that it has raised $3 million in an early-stage round led by Spark Capital.
Hub International Limited (HUB), a leading full-service global insurance broker, announced the rollout of a robust digital platform for transactional insurance.
New MGA platform aims to nurture, develops, and support a diverse portfolio of MGAs, each benefitting from modern technology and an extensive range of mid- and back-office support functions.
Next Insurance is adding commercial property coverage to its suite of offerings, a move the insurtech says allows it to provide a full suite of coverages for its small business customers.
Munich Re has entered into a global cooperation agreement with Akur8 to boost the pricing capabilities of Munich Re’s Global Consulting Unit.
Oscar Health is launching +Oscar, a platform business to make its technology stack available to third-party payers and providers.
Digital insurer Lemonade is making the headlines again, with the launch of a new auto insurance offering.
US-based electric truck startup Rivian launched its own insurance coverage across 40 states, which are underwritten by third-party carriers, per TechCrunch.
Sun Life US has launched a new, comprehensive way for employers to offer supplemental health benefits to all of their employees, including part-time and gig workers who typically are not eligible for benefits.
Willis Towers Watson has announced the launch of Radar Workbench, a new software product that will allow frontline underwriters to make better decisions at pace and with confidence.
Insurance giant AXA Switzerland now allows customers to pay premiums in bitcoin.
Fintech startup N26 is launching N26 Insurance as it plans to offer insurance products that you can access from the company’s mobile app and website. The first insurance product is a smartphone insurance plan for German customers.
Aon plc today introduced a new solution, through broad industry collaboration, that will provide supply chain protection for global COVID-19 vaccine shipments.
Re/insurance broker Willis Towers Watson has launched a global modelling tool, Climate Diagnostic.
Coalition is linking up with Insureon to expand the reach of its cyber insurance and security tools. Cowbell Cyber has expanded into the New York market.
New generally available release includes features that provide major quality of distributor performance improvements for carriers looking to optimize and expand distribution channels.
Lloyd’s launched a parametric earthquake insurance policy in New Zealand. Amwins Specialty Logistics Underwriters is expanding into the Canadian market to serve Canada’s growing logistics industry. Kin Insurance said it is now offering homeowners policies in Louisiana.
Traditional wholesale brokerage harnesses INSTANDA cloud-native platform to launch brand new commercial insurance program
Amsterdam based Digital Insurance Group (DIG) and Swiss Healthtech and Insurtech company dacadoo join forces to further boost their set of Insurtech solutions for banking, insurance and brokers, with a new quote & buy product that will revolutionize the underwriting process for life operators.
A new smart contract-based insurance marketplace is promising radical efficiency and more coverage for the long-underserved crypto industry.
Life insurance is the greatest gift you can give your family and today, Survested, a new life insurance agency, is launching to make the process simple, honest, and completely transparent.
Hyundai Motor America introduces the Usage Based Insurance (UBI) program and Driving Scoreii to promote safe and efficient driving habits and potentially save owners hundreds of dollars on their auto insurance.
AXA Hong Kong and Macau today announced the launch of an insurance eVoucher for its award-winning home insurance – AXA SmartHome Plus, leveraging insurtech to innovate home insurance usage and distribution channel as well as helping more people’s homes to get the necessary protection.
Commercial motor insurance provider, Zego has launched two new flexible insurance products for moped and e-bike fleets in the UK. The new products, developed in partnership with Wakam, enable businesses in the fast-growing food and grocery delivery market to save time and money.
Chubb has launched a new digital brand, Blink by Chubb, that focuses on convenience and opportunity in order to meet younger customers’ coverage needs and interaction desires.
The Guardian Life Insurance Company of America® (Guardian Life) today announced it has entered into a joint venture with the AI and predictive analytics innovators at Atidot. The collaboration is focused on creating a platform that deploys artificial intelligence and machine learning to power data driven decision-making that helps make insurance products and services easier for consumers to understand and buy.
Americans are investing more cash on their animals than ever prior to thanks to COVID-19. Now companies are wanting to capitalize.
Global re/insurance broker Willis Towers Watson has launched a new type of cyber insurance cover designed specifically for Power & Utilities companies.
Lloyd’s has announced the launch of a new parametric earthquake insurance policy in New Zealand designed to automatically pay customers within five days following a strong earthquake.
Generali France and Akur8 are thrilled to announce their multi-year partnership to boost Generali’s pricing capabilities in France.
USAA has announced that due to increased customer interest in telematics and behavior-based insurance, it will launch its SafePilot program in the majority of states throughout 2021. USAA launched the program in South Dakota last week.
Kennedys IQ, the technology company from law firm Kennedys, has taken its solution for compensators to the next level by using artificial intelligence (AI) to assess medical evidence and recommend a damages figure for insurance claims in the Claims Portal.
Tesla is about to launch its own in-house insurance program in more states after running it in California for the last year.
Insurtech firm Artificial Labs is collaborating with Convex to digitise and distribute the speciality re/insurer’s data-driven marine liability product.
ZA Tech, the technology venture founded by ZhongAn Online P&C Insurance, announced on Thursday that it will work with PFI Mega Life, an Indonesian joint venture of American insurance giant Prudential Financial, to drive digital transformation of the insurance industry in the Southeast Asian country.
Innovative response to the changing global risk landscape and evolving customer needs.
Munich Re’s private client arm GrovesJohnWestrup has launched a new offering designed to offer a digital platform for insurance brokers and intermediaries.
Swiss Re Corporate Solutions launches Elevate to bring an easier, efficient and enjoyable insurance experience to the middle market.
UK insurtech Wrisk has partnered with UK roadside assistance and automotive firm the RAC to launch Pay by Mile, a flexible monthly subscription-based car insurance product allowing people to only pay for the miles they drive.
New enhancements will bring increased speed, efficiency, and processing power to Hippo’s customer claims services as Hippo expands to its 33rd state, Michigan, and scales its home insurance product
Global insurance and reinsurance broker Aon has partnered with Chubb to provide small and medium-sized businesses in France with an efficient means to understand coverage options and purchase insurance online.
In less than three years, Swedish neoinsurer Hedvig has reached an important milestone. With a newly granted EU insurance carrier license the company is ready for a European expansion, and has the freedom required to take its product innovation to the next level.
Tesla seems to be hitting its stride with the rollout of its in-house insurance service, with the electric car maker looking to expand the business outside California. The first of these new states are Texas, Illinois, and Washington.
Coverhero, one of Insurtech’s Global Top 100, has today announced Lucci, their new home insurance offering.
Fully automated conversational chatbot promotes mental well-being with recommendations on wellness strategies
This deal will see Terrawind Global Protection, one of Central & Latin America’s top travel assistance providers, roll out an innovative flight disruption solution for travellers. Flight delay benefits will be serviced in real-time to travellers direct to their cell phones
Lloyd’s has announced the publication of the first version of its Core Data Record (CDR), which aims to enable standardized, quality data to flow through the Lloyd’s market to improve operations, reduce the cost and effort of doing business, and improve customer service.
The billionaire behind Tesla motors is expanding the reach of his company’s car insurance offering in the United States. With more than 90,000 of his electric cars currently on UK roads, could Elon Musk’s expansion plans also include Britain?
Lloyd’s has announced the first version of its Core Data Record (CDR), in an effort to standardise data flow through the market.
Tesla, led by high-profile billionaire Elon Musk, not only wants to manufacture your electric vehicle but it also wants to sell you the insurance for it.
German insurance tech startup Wefox plans to launch a risk prevention product that will use data from smartphones and other connected devices to warn users of impending danger, its founder and CEO Julian Teicke told Reuters on Thursday.
FRIDAY, a Berlin-based insurtech which is a Baloise subsidiary, has announced its expansion into the French market.
Black-owned insurtech startup Vaai.co has established an affordable on-demand car insurance solution that works similarly to buying prepaid airtime, allowing consumers to purchase insurance they can afford and recharge it when required.
ICICI Prudential Life Insurance has launched a new automated AI-based smart underwriting technology platform called AUSIS to speed up all policy-related data verification.
One of the biggest types of insurance fraud is double-dipping, where a claimant gets multiple insurers to pay out for the same incident. KPMG estimates that fraud makes up 5%-10% of insurer payouts. It’s a tricky one for insurers because they’re usually unaware that other insurers have also paid out. Until now.
Fathom, a research-led flood risk modelling specialist has launched its UK flood model on Nasdaq’s Risk Modelling for Catastrophes service.
Willis Towers Watson (WTW) has revealed an update for Claim Metrics, its bespoke motor claims benchmarking platform specifically targeted at personal lines insurers in the UK.
Zurich Insurance Group has rolled out an online platform designed to simplify the process of structuring international insurance programs.
Insurance technology disrupter, Iotatech has launched its multi-line policy administration SaaS solution for Insurers, MGAs and Brokers.
The Insurtech company Greater Than is deepening its collaboration with Zurich through an agreement with Onto, the UK’s largest all-inclusive electric car subscription service. Through the collaboration, Onto and Zurich obtain predictive risk data, facilitating their joint mission to improve road safety and enable dynamic insurance solutions.
Chubb has launched a new digital brand, Blink by Chubb, that focuses on convenience and opportunity in order to meet younger customers’ coverage needs and interaction desires.
Willis Towers Watson (WTW), together with global specialty and commercial insurance products provider Liberty Specialty Markets, has launched a new insurance product designed to help organizations deal with reputational crises.
Not only is Tesla moving some manufacturing operations to Austin, Texas, its founder, Elon Musk, is said to be relocating there, and the electric car company will soon be offering its own brand of car insurance in the Lone Star State.
Arity, a mobility data and analytics company, is teaming up with Ford Motor Company to enable any participating insurer to deliver simple and secure usage-based insurance (UBI) programs to eligible connected Ford and Lincoln vehicle owners.
The new product covers the cost of damages to equipment that may occur while working, including damage to rental equipment, customer equipment, or borrowed equipment.
GIC provides a simple and intuitive way for an automotive insurance policy holder to confidently capture images of a damaged vehicle, through an easy-to-use web-based app.
Arch Insurance North America has partnered with Coalition to provide long-term capacity for the cyber insurance specialist’s US and Canada Cyber and Technology Errors & Omissions insurance programs on Arch’s carriers.
Prudential Group Insurance is expanding their mental health benefits for employees on disability leave through a partnership with NeuroFlow, a behavioral health platform.
Insurtech Foxquilt has unveiled a new underwriting platform, which allows small business owners to quote, bind, and directly purchase customized business insurance online.
Liberty General Insurance has automated vehicle inspections for car insurance policy renewals and claim assessments using Inspektlabs’ AI based technology. This is expected to transform the car inspection process, which is currently dominated by manual inspections – a people intensive job leading to delays in the claims and policy issuance process.
Simply Business has selected insurtech MGA Equipsme as its health insurance provider for its latest proposition.
Legacy group Compre has entered into a strategic partnership with independent specialist re/insurer, Apollo Syndicate Management, to launch a new Lloyd’s of London legacy business focussed Syndicate 1994, which has received approval from The Council of Lloyd’s.
The product includes a First Party Cyber coverage, which provides coverage for business interruption, data recovery and incident response service expenses, per network security event.
HazardHub and Plasmatic Technologies Inc. today announce their partnership centered around the harmonization of connected device and property and hazard risk data, unleashing new capabilities for increased policyholder engagement and peril prevention programs in Home Insurance.
Global insurance and reinsurance broker Aon has partnered with Chubb to provide small and medium-sized businesses in France with an efficient means to understand coverage options and purchase insurance online.
Riskbook has announced that it has rebranded to Supercede. The company has also launched what it said is the world’s first all-in-one reinsurance platform built for dealmakers.
Chubb has introduced its next generation of crime insurance offering, The Chubb PrimarySM Commercial Crime Insurance, to help companies of all sizes and industries protect themselves from criminal activity both inside and outside their organizations.
As consumer technology companies continue to build out AR capabilities and telecom providers build out 5G infrastructure, the barriers to entry and challenges associated with launching AR initiatives will be lessened.
State-backed reinsurance scheme Flood Re has welcomed a report published by the Environment, Food and Rural Affairs (EFRA) Select Committee, which calls for clear flood-resilience targets.
Insurance and reinsurance marketplace Lloyd’s of London has announced the launch of Futureset, a new platform and community designed to drive greater societal and economic resilience to some of the largest and most complex global risks.
Amazon.com has revealed plans to install AI-powered video cameras in its branded delivery vans, in a move that the world’s largest e-commerce firm says would improve safety of both drivers and the communities in which they deliver.
The investment in PasarPolis is the first IFC has made in the insurtech sector in Indonesia, where insurance penetration rate remains low
Canada and US-based insurtech venture Relay Platform, which is approved by Lloyd’s as one of the London market e-platforms, has launched a new broker-carrier API-driven quoting solution for the commercial insurance and reinsurance industry.
Slice Labs Inc. (Slice), a technology startup with the first on-demand insurance platform, has launched an automated claims settlement feature providing an end-to-end digitization of the customer claims journey.
French startup Seyna is getting a new CEO. Stephen Leguillon is joining the company as chief executive while Philippe Mangematin is stepping back from day-to-day activities for personal reasons — he’ll become honorary chairman.
Zurich North America today announced it has launched a new risk services unit in the United States, as part of a global initiative developed by Zurich Insurance Group to provide businesses worldwide with advisory services, solutions and tools to help them prevent and mitigate a wide range of risks.
AXA XL, the property & casualty and specialty risk division of AXA, has announced a new tailored insurance solution to help clients address mass timber construction risks in North America.
The co-founder of London firm By Miles has launched a new InsurTech start-up to help insurance firms to meet the growing demand for usage-based insurance.
Reinsurance giant SCOR has announced the launch of Vitae, an automated biometric risk calculator that employs machine learning techniques.
According to the site, coverage is issued by North American Company, a Chicago-based provider of life insurance and annuities that also works with Bestow.
Bermuda-based Stable, a creator of an index insurance product for food and farming businesses around the world that automatically reimburses lost income caused by volatile prices, announced its official launch.
AmeriLife partners will now have access to Salesforce-enabled CRM systems, allowing it to better serve its clients through industry integrations that allow for real-time data access.
Global insurance and reinsurance brokerage firm, Aon, has launched a new fuel insurance solution for the shipping and aviation industries, backed by AAA-rated credit insurance.
In a move which provides investors with easier access to the specialist Lloyd’s of London insurance and reinsurance marketplace, regulators in the UK have approved the creation of a new multi Insurance Special Purpose Vehicle (mISPV).
According to S&P, The Texas Department of Insurance approved a series of filings that indicate that Tesla Insurance may soon be available in Texas in partnership with Redpoint County Mutual Insurance.
AI-powered cyber insurance provider for small to mid-sized businesses, Cowbell Cyber, has announced the availability of its excess cyber coverage line, Prime Plus.
Independent specialist re/insurance broker BMS Group has announced the launch its Asia broking operations.
Canadian travel insurance provider Allianz Global Assistance announced the launch of new assistance capabilities – Virtual Care services and a new online Claims Portal – which aim to elevate the end-to-end customer journey. Both services are now embedded within all products offered across Allianz’s national distribution network of broker and travel agency partners.
Founded to address the underserved sole-to-small commercial vehicle owner, Cover Whale’s process improvements created demand among large fleet owners, which its new programs are designed to address.
London-based provider of pay-as-you-go insurance Zego has become the first UK insurtech to secure a European broking license, paving the way for the company to continue its expansion across Europe.
Lloyd’s and insurtech start-up Parsyl Inc. announced the launch of the Global Health Risk Facility (GHRF), which will provide billions of dollars of insurance coverage, together with risk mitigation services, to help protect and support the global distribution of COVID-19 vaccines as well as critical health commodities.
The world has become increasingly digital, and Nationwide has as well – modernizing its core systems and building digital experiences so it can connect seamlessly with partners and their customers.
Carro, South East Asia’s automotive marketplace, has launched a behaviour and usage-based car insurance (UBI) in partnership with Mitsui Sumitomo Insurance Group Holdings (MSIG), a member of MS&AD, a Japanese insurance company.
Launched by management consulting platform ritchee and insured by Generali France, ritchee Life is a “100% clean-share” life insurance policy. According to the company, the new offering is transparent on costs and without retrocessions for the intermediary, invested primarily in SRI or ESG funds and guaranteeing high-end management for savers.
In the wake of a rising gig economy, MSIG Insurance (MSIG) has introduced Freelancer CashPlus, an insurance plan that dispenses daily cash benefits to help gig workers safeguard against income loss during a prolonged illness or injury.
Insurance broker Acrisure unveiled its new brand identity which underlines its combination of financial strength, industry expertise and global distribution power with the integration and deployment of artificial intelligence and technology.
While business travel continues to face challenges with the on-going COVID-19 situation, it is paramount that companies have the right tools and data to ensure the safety and well-being of their employees when on the road for business. In response to this new normal, travel tech company Amadeus and insurance provider AXA Partners have come together to make travel safer.
Generali Hong Kong today announced the launch of a market-first Bill Insurance – an innovative solution created to cover the utility bills of an individual by paying a lump sum benefit in the event the insured is hospitalised for more than 3 consecutive days.
This is a comprehensive first and third-party policy designed for companies which develop or provide life science products, solutions or services.
Flock, the insurtech known for insuring complex commercial drone operations, today (8th December) launches Flock Motor, its commercial motor division focused on bringing motor insurance up-to-speed with the automotive industry.
Lemonade has started selling renters insurance in France, the third European country into which it has expanded so far.
Peterborough-based young driver insurance provider Marmalade has introduced a ‘Pay As You Go’ offering to allow drivers to pay specifically for the miles they use on a car where they are not the main named driver.
An insurance venture led by industry veterans Greg Hendrick and Dinos Iordanou is starting up with $1 billion in equity capital provided by Carlyle Group Inc., Hellman & Friedman LLC and management.
Leading Insurtech, Concirrus has announced a fully automated, algorithmically driven underwriting application for Marine Insurance.
New specialty insurer and reinsurer, Inigo Limited, has now received approval in principle from the Corporation of Lloyd’s and will start writing business for 2021, the company has confirmed.
Under the agreement, DocDoc will integrate SpesNet’s digital TPA technology with DocDoc’s telemedicine platform and AI-powered doctor discovery platform.
Nubank and Chubb announced the launch of a fully digital life insurance offering called Nubank Vida in Brazil; in other words, here’s another digital bank entering insurance.
Aon, a global professional services firm providing risk, retirement and health solutions, announced the launch of a digital insurance solution for small and middle market businesses.
Insurtech company StartupCare announced the launch of new health platform bluum, offering curated medical insurance plans and health services. Founded in 2018, StartupCare provides SMEs and startups with group medical solutions.
Neptune Flood, an insurtech firm focused on the flood market, has expanded its residential products to the remaining five additional states, Montana, South Dakota, Utah, Vermont, Wyoming, and Washington, DC.
Ontario-based Insurance & Mobility Solutions (IMS) is launching a new set of configurable tools, which allow insurers and mobility operators to expand the ways they can interact with usage-based insurance (UBI) customers.
Global insurance broker Aon has launched a personal car leasing product that includes pay-on-use insurance, giving customers the advantage of saving money when they are not driving.
Germany’s second largest direct car insurer Verti Versicherung AG announced it is now offering a new product starting at 38 euros a year to protect tenants and their assets from possible incidents that may occur in a rental home.
Insurtech business is making headway in Asia’s major markets amid changing customer expectations, the availability of financial infrastructure services, and the coronavirus pandemic, according to a recent report
Tokyo-based multinational insurance holding company Tokio Marine Holdings has applied to open a new property and casualty insurer in Canada
Allianz and DHS today announced a strategic partnership to help people work more effectively. The two industry-leading companies are teaming up to integrate their services for collaboration across Allianz and DHS on phones, tablets and the Web
Car management platform Caura is set to offer its own auto coverage through the so-called “Caura Project,” said Tech Crunch. This new product is intended to make getting car insurance more affordable and streamlined
Munich Re’s HSB Canada has introduced Sensor Systems, a solution created for insurers to reduce common property claims
The solution enables automated, rapid, and sophisticated life insurance underwriting decisions about new customers, regardless of whether the potential insured has a complex history
Lloyd’s Lab and risk modelling firm Praedicat have developed a series of scenarios for the casualty insurance market in the face of the COVID-19 pandemic
SCOR Global Life, Garmin and ReMark (SCOR’s in-house InsurTech solution provider) have announced plans to expand their Biological Age Model (BAM) solution across the wider APAC region.
The Detroit auto maker aims to leverage the reams of data generated by its cars to establish an auto-insurance business
London-based insurer Vitality has announced that it has launched a new Vitality Lifestyle Assessment for its corporate member organizations
Global insurance and reinsurance broker Aon has collaborated with Hudson Structured Capital Management (HSCM) on the launch of a new product designed to protect re/insurers against systemic and catastrophic cyber events.
Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, announced the onboarding of its first trading partners to its proprietary digital platform, providing access to its algorithmic underwriting in readiness for writing business from Jan 1
German digital insurance provider Getsafe announced it is now offering car insurance through iptiQ by Swiss Re
A new South African insurtech startup, OneSpark aiming to reinvent insurance and financial products with a variety of plans catering to low-income clients has officially launched
Re/insurer Munich Re has founded a joint venture with car manufacturer Porsche and its management and IT consulting subsidiary MHP
AXA has unveiled an initiative to improve the health and well-being of its 121,000 employees worldwide
Developed within the Lloyd’s Lab innovation accelerator, the Hurricane Non-Damage parametric solution provides open-banking validation, real-time impact assessment and automated payouts while cutting claim process time up to 95 percent.
Ultrafast Acceptance Decisions lead to Rapid Customer Acquisition and Long-Term Compounding Successes for Insurers
After a 12 year break, General Motors is relaunching an auto insurance division. The new insurance unit, which will also offer homeowners insurance, operates under the automaker’s OnStar connectivity brand
Lemonade plans to start selling term life insurance in the next 90 days, adding to its current rental, homeowners and pet insurance offerings, the company said in an earnings report released late Tuesday.
Liberty Mutual Insurance’s new ErgoValuator app helps policyholders more effectively protect their workers and bottom lines from overexertion injuries, which cost employers more than $14 billion annually.
Pie Insurance, an insurtech specializing in workers’ comp insurance for small businesses, launched its API for partners.
The unique package will initially be available to travellers as part of a phased roll-out in Europe, before becoming available in up to 50 countries worldwide. It includes a combination of medical, trip cancellation and airline insolvency cover, including protection against travel disruption and sickness caused by COVID-19. It has been specifically designed to protect travellers, provide clarity and give them peace of mind when taking a trip.
AXA XL‘s insurance business has entered into a multiyear partnership and licensing agreement with Xtract to digitize, expedite and transform the commercial auto claims management process in the US.
Insurance and reinsurance marketplace Lloyd’s of London has set out the next phase of its transformation plan with the release of its second blueprint for change.
The insurer has solved the perennial problem of under-utilization by simplifying a difficult claims process and going the extra mile to detect when employees may be eligible for a benefit they haven’t claimed.
Lloyd’s has set out the next phase of its transformation plan via its Blueprint Two in a bid to “build the most advanced insurance marketplace
IDIT Go enables insurers to go-live in just a few months and quickly launch new offerings, empowering insurers to stay ahead of ever-changing market needs
Pet e-commerce company Chewy launched a telehealth service called “Connect With a Vet,” that allows pet parents and veterinarians to leverage the company’s proprietary tele-triage
London-based provider of pay-as-you-go insurance Zego now offers 30-day and Annual combined car delivery insurance policies to delivery drivers working across the UK. Before launching
Specialist energy and infrastructure insurance broker NARDAC is set to open a London office led by Peter Draper, the former international property director at AFL.
Prudential Retirement, a business unit of Prudential Financial, is expanding its global longevity reinsurance business with a new offering. Prudential’s first transaction in the emerging
Guy Carpenter, the reinsurance arm of global brokerage Marsh, has announced the launch of a new Marine & Energy mutual, agency and captive reinsurance solutions
Property and casualty insurer MS&AD Insurance Group Holdings will adopt Tractable’s artificial intelligence (AI) solution across Japan in a bid to fast-track auto claims and
Specialty insurer AXIS Insurance and Kennedys Law have collaborated on services for AXIS’ new marine cyber insurance product. This product offers coverage for the marine
As Tesla touts the cutting-edge nature of its new Full Self Driving software, rival Mercedes-Benz says it has developed a similar system but stops short
Global reinsurer Swiss Re has joined a global coalition that aims to better predict and prevent outbreaks, epidemics and pandemics by leveraging data and analytics.
Slice Labs Inc., a technology startup with the first on-demand insurance platform, has created an alliance with AXIS Insurance to distribute AXIS Home Based Business
Estonian startup DriveX could save car insurance companies billions. Insurance may not be the most glamorous of industries, but it can be lucrative, especially for
Chubb Life’s new Chubb LifeBalance app helps people view their health through a new lens. Available in Thailand, Hong Kong and Myanmar, the app is
Munich Re Specialty Insurance, a division of the global reinsurer, has launched new cyber and technology errors and omissions (E&O) insurance solutions. The solutions are
Humn.ai has launched a new fleet insurance product – Rideshur – which uses real-time data to generate premiums. The company says Rideshur is able to
Asta, the third-party managing agent at Lloyd’s, announced the Council of Lloyd’s granted in-principle approval for the launch of Picnic Syndicate PIC 2460, a syndicate-in-a-box
Vouch Insurance, a business insurance platform for startups, has expanded its coverage into New York. The expansion is an effort to bring risk mitigation to
New Energy Risk (NER), an affiliate of global re/insurer AXA XL, has provided an insurance solution to Bloom Energy to facilitate the purchase and financing
Elon Musk has made a name for himself as a data-savvy innovator, and he’s seeking to further that label with an ambitious goal: scaling up
Credit Suisse is launching integrated bancassurance solutions for clients in collaboration with AXA. Set to launch next week, CSX is Credit Suisse’s digital banking offering
You’ve heard of telemedicine, but have you heard of tele-home maintenance? Today Luko, a fast-growing home neoinsurance has launched an innovative video consultation service of
Sensely, a chatbot platform, is working with Nippon Life Insurance to launch an avatar-based sales rep training program to enhance and extend sales using voice-driven
Provider of supplemental accident, health and life insurance products Combined Insurance, a Chubb company, announced the launch of a new online accident insurance product for
O2 Broking ApS has been approved as the first Lloyd’s Registered Broker in Denmark as part of the re/insurance marketplace’s preparations for Brexit. Lloyd’s previously
The new company empowers carriers to make the insurance experience more relevant by leveraging social data Introduced today by Evgeny Aleksandrov, Founder of Insurtech startup,
The North American business of global insurer Zurich is launching a medical stop loss insurance product for larger employers with self-funded group health plans administered
A new integrated telematics package has been launched by telematics firm Geotab and Mercedes-Benz Connectivity Services. It is available to order for Mercedes-Benz cars and
UAE drivers who drive safely on the road will now be rewarded with free meals, discounted hotel stays and gym memberships if they sign up
Dallas-based specialty lines insurance manager, Risk Theory LLC, has launched of a new specialty underwriting unit, Carbon Underwriters, for downstream energy contractors. Carbon Underwriters’ multi-line
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