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.

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.

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.

Aviva has launched standalone insurance products covering electric vehicle charging points aimed at installers and operators.

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.

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.

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.

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.

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.

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.

Charles Taylor, the leading provider of claims solutions and technology to the global insurance market, today launches ‘InHub’ to help the insurance value chain deliver better results.

Insurance broker WTW has launched specialist cyber coverage for ports and terminals, called CyNav.

The combination of Socotra’s core insurance technology with Avolanta’s offers the insurance industry an open and agile platform for accelerating innovation and speed-to-market.

Digital insurer Getsafe is launching its new buildings insurance to complete its home insurance proposition in the United Kingdom. This underlines Getsafe’s commitment to the British market. The company just hit the 50,000 customer mark in the UK and continues to grow its position as Europe’s leading neo-insurer.

Cyber insurance provider At-Bay has launched a new cyber insurance programme backed by two specialty insurance providers: Trisura Specialty Insurance Company and The Hartford Steam Boiler Inspection and Insurance Company (HSB).

AXA Hong Kong (“AXA”) announces the launch of its first-in-market “Green Premium Rebate” programme – selected AXA Employee Benefits business clients can now enjoy 1% of premium rebate by fully utilising the eClaim services.

FloodFlash Ltd. was founded in 2017 by Risk Management Solutions Ltd. alums Ian Bartholomew and Adam Rimmer and has been providing parametric insurance for flooding to business customers in the U.K. since 2019.

BIBA has launched a new member scheme to insure operators of drones, both commercial and recreational.

MassMutual Ventures’ announcement on April 27 of a new $300 million fund targeting start-ups in digital health, cybersecurity, enterprise SaaS and financial technology looks to be a force for innovation in insurtech.

Marsh, the world’s leading insurance broker and risk advisor, today announced the launch of a new renewable energy facility that provides streamlined, dedicated insurance capacity for mid-scale solar and battery energy storage system (BESS) risks in the US and Canada.

Insurtech Coalition Inc., a managing general agent specializing in cyber risk, said Wednesday it is getting additional capacity from a unit of Bermuda-based Vantage Group Holdings Ltd. to back its U.S. excess cyber program.

Hippo’s Expansion to the Empire State Further Diversifies its Portfolio, Reaching 88% of Americans in 38 States.

MassMutual Ventures (MMV, Boston) has announced that its Asia-Pacific (APAC) and Europe team has launched a new fund of $300 million to invest in early and growth-stage companies in digital health, financial technology, enterprise SaaS, and cybersecurity.

Aon has set up a $35 million intellectual property (IP) based funding arrangement for GRUBBRR, a provider of self-ordering technologies, creating an IP-collateralized debt structure that enabled the firm to raise additional funds through debt.

Marsh has announced the launch of new cybersecurity marketplace services aimed at simplifying the procurement process for US clients seeking to protect their organisations from cyber threats.

To help companies see the ‘big risk picture’ and pinpoint potential property exposures across their business locations, AXA XL Risk Consulting is rolling out its Risk Scanning risk assessment service in the US and Canada.

Tesla Insurance is now available in three new states – Oregon, Virginia, and Colorado. With these additions, Tesla Insurance is now live in a total of 8 states.

Tokio Marine, a Tokyo-headquartered insurance corporation, said Tuesday it has launched its $42 million corporate venture capital (CVC) fund, dubbed Tokio Marine Future Fund, to invest in early-stage startups around the world.

The expanded capability will focus on formulating market insights, evaluating new solutions through advanced analytics, and curating the market to find the best fit solutions for clients.

Roamly’s global travel insurance offers coverage designed to protect consumers from financial losses should a trip be delayed, interrupted, or canceled.

Tokio Marine Kiln has released its new Intellectual Property Abatement Insurance for US-based SMEs, where the product will be available as an add-on to TMK’s Intellectual Property (IP) Infringement Defence Policy and features limits of up to $3 million.

The UK Government today announced a formal agreement with Connecticut Insurance & Financial Services (CT IFS), the MetroHartford Alliance, the Connecticut Department of Economic & Community Development, the Connecticut Insurance Department and Insurtech UK to launch a new InsurTech Corridor.

Insurance broker and risk advisor Marsh has announced the launch of a new property analytics product. The new product aims to help clients around the world manage their property risks by transforming a slow, manual process into a digital experience with real-time, actionable insights.

Relm, a company that provides insurance to the crypto sector and the first and only commercial insurer globally to hold Bermuda’s IIGB license, has announced the launch of Relm II, the world’s first fully regulated collateralized reinsurance business that can accept both fiat and cryptocurrencies as collateral.

Zego and Abax have launched their data-led insurance model in the Netherlands and a ramped-up operations in France.

Fenris Digital (Fenris), an insurance data sourcing innovator providing a
suite of API-delivered, SOC 2 compliant products, is pleased to announce a new partnership with online insurance marketplace Quotehound.

Launched in Illinois in Nov. 2021, the Lemonade Car product can be bundled with renters, home, pet and life insurance policies.

Insurtech firm Lemonade’s non-profit arm has formed Lemonade Crypto Climate Coalition to offer climate insurance to farmers.

Following the launch of hr | equarium in 2019 Hannover Re is opening up its innovation platform to all interested parties with immediate effect and thereby offering even more insurers direct access to a pool of innovative services and solutions from insurtechs around the world.

Global insurance broker Marsh has announced the launch of its Environmental, Social and Governance (ESG) Risk Rating, an assessment tool to measure an organisation’s ESG performance, enabling organisations to improve their ESG risks and gain access to additional insurance market capacity.

Coalition, the world’s first Active Insurance provider, reported today on its rapid growth and launched “Active Insurance,” a new tech-powered model for insurance and risk management designed to prevent digital risk before it strikes.

MAPFRE has launched a new scale-up program for insurtechs that offers up to €100,000 of financing per project, focusing on health and wellness, climate risks, and cybersecurity for SMEs.

The insurer has redeployed finance employees to work on acquisitions or product development, CFO says

Artificial intelligence is changing how the insurance industry operates and use cases for AI are skyrocketing. Today, AI is being used to provide customer service, assess risk profiles, to determine pricing, detect fraud and more. As technologies evolve and the industry’s use of AI becomes more mature, the opportunities for using AI in the future appear virtually limitless.

AXA Commercial has announced the official launch of its electric vehicle proposition for motor fleet customers, offering a greener fleet option to businesses.

Lemonade has announced the expansion of its pet insurance to Massachusetts. The coverage is available for dogs and cats and includes diagnostic, procedural and other medical needs.

Beazley announced that its global digital commerce division, Beazley Digital, is up and running. New hub brings together underwriting, claims, technology and operations experts into a cross-functional team, to provide seamless digital access and services to a range of high-volume, low-premium products for its partners global brokerage.

Coalition now offering Directors & Officers (D&O) and Employment Practices Liability (EPL) with new tools and features to all broker partners, furthering its breadth of offerings to protect businesses against modern risks.

Cyber insurance and security solutions provider Resilience has launched a captive reinsurance company. The captive will allow the agent to retain a share in the risks it underwrites, fuelling additional growth and “demonstrating its long-term commitment to underwriting a profitable and sustainable book on a global scale”, it said.

Binance Holdings Ltd. has built up a $1 billion insurance fund for its users amid a barrage of hacks on cryptocurrency trading platforms, according to a memo.

MotorDNA, a new data and analytics company, was formed with the mission to leverage data and technology to improve the safety of vehicles on the road today and in the future.

Pie Insurance, a leading tech-enabled provider of workers’ compensation insurance to small businesses, today announced the launch of its new Pay-as-you-go billing solution.

Fast-growing insurance and fintech firm Acrisure announced a new cyber services division this week, a move that will allow the company to provide customers with a portfolio of solutions to help address some of the most pressing cyber risks.

WTW has announced the formation of a new crisis management unit with the merger of SCR and its political violence teams. The unit will sit within WTW’s Financial Solutions Global line of business and be headed by Jo Holliday, managing director of SCR.

AI-powered cyber insurer Cowbell Cyber has announced the launch of a new insurance captive called Cowbell Re, which will help the firm address rising demand for cyber insurance with additional capacity.

Travel insurtech company Blink Parametric is partnering with AwayCare to offer flight disruption cover.

In response to increasing interest in a simplified application process and lower prices, USAA Life Insurance Company (USAA Life) today announced its new digital life insurance product that requires no medical exam is now available in 47 states.

Singapore-based insurtech firm, Zensung today launched its application called Parrot on the app stores.

Willis Towers Watson has launched a new Risk and Analytics model for the trade credit market which analyses clients’ trade receivables to predict potential losses over a range of statistical scenarios.

Broker Willis Towers Watson has actually revealed its participation in the style and positioning of the world’s very first parametric insurance deal efficient in enabling the Government of Belize’s ground-breaking financial obligation restructuring for marine preservation.

Tesla has now expanded the availability of its real-time data car insurance product to car owners in Illinois.

Matic, a leading digital insurance agency, and HSBC USA announced today a long-term partnership to provide insurance products to HSBC clients. Under the partnership, Matic’s innovative insurance marketplace of over 40 A-rated carriers will be integrated into HSBC Wealth and Personal Banking offerings.

New EPLI coverage helps protect companies from the financial costs incurred from a range of employment-related lawsuits.

Thimble’s event insurance will help thousands of small businesses or event planners rebound from the financial blowback of the pandemic

Insurance software specialist, Sequel a Verisk Business, has announced the development of a new solution designed to simplify the distribution of standalone products and delegated authority business.

Zurich North America has announced the creation of a complex casualty unit to support customers in the upper middle-market segment.

Aventus has launched a digital underwriting platform for standard and complex insurance products.

Commercial motor insurance provider, Zego, has launched a new flat rate insurance policy, further extending its choice of policies for fleet businesses. 

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.

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.

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.

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.

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.

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.

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.

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.

Nationwide has introduced a new package of coverage geared for those who are spending a lot more time at home these days.

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.

Piloting in Canada, Budweiser to explore lifestyle-based insurance plans, marking a creative business extension for the brand.