We regularly curate the latest news and insights to create the largest platform for knowledge-sharing and development within the world’s insurance industry.
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.
Zurich Insurance Group (Zurich) has announced the digitalisation of its International Programs business.
Lemonade has launched its car insurance product in Ohio. It’s the third state for the product following Illinois and Tennessee. The usage-based insurance product can be bundled with the insurtech’s renters, homeowners, pet and life products.
Chubb and Singaporean insurtech firm JA Assure have launched Haxsafe, a cyber insurance portal for small and medium enterprises (SMEs) in Asia.
Cyber risk analytics provider CyberCube has today launched CAERS, a new cyber incident response service for clients of the company’s SaaS products.
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.
Yesterday, the Institutes RiskStream Collaborative announced that it will work with B3i Services, the blockchain insurance consortium that was incorporated in 2018. Several insurers are members of both organizations, with RiskStream more U.S.-focused. Jointly they will run Labs to explore the potential for homeowner parametric insurance and reinsurance.
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.
Aon plc (NYSE: AON), a leading global professional services firm, today announced it has acquired actuarial software platform Tyche from technology and software firm RPC Tyche.
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.
Evertas, the first such “coverholder” to specialize in crypto wallets, was sponsored by Lloyd’s syndicate member Arch Insurance.
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.
Luko and Akur8 have announced a collaboration to strengthen Luko’s pricing process. By forging this alliance with the first French neo-insurance company, Akur8 affirms its solid position in its domestic market and consolidates its position within the insurtech ecosystem in France and internationally.
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.
Audi has partnered with connected car data company Otonomo to pilot consumer offerings, ranging from pay-as-you-drive insurance, to general vehicle status, to first notification of loss.
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.
Airbnb is to offer guests a travel insurance product as part of a COVID-19 support program.
Honeycomb today announced that it has raised $15.4 million in a Series A funding round led by Ibex Investors.
Tesla announced the expansion of its new insurance business to Arizona and Ohio – making it now available in five states.
Cyber analytics specialist CyberCube has designed three cyber-specific scenarios to be used as part of Lloyd’s of London’s annual Realistic Disaster Scenarios (RDS) exercise.
battleface, a full stack global travel insurance company, today announced its partnership with Mondee, a rapid growth, technology-first travel marketplace with a portfolio of globally recognized brands in the leisure, retail, and corporate travel sectors.
London-based commercial motor insurance startup Zego said it plans to launch in the Netherlands and ramp up its presence in France this year.
Appointment empowers Resilience to bring its cyber insurance solutions to a global marketplace.
Founded in 2021 by veterans of the IDF’s 8200 military intelligence unit, Spott aims to be at the forefront of the $5 billion e-commerce liability insurance market.
The digital insurance platform conveniently connects mortgage and real estate companies’ customers with homeowners’ and term life policies suited to their specific needs.
Movingdots and Overhaul are collaborating to provide motor carriers with the necessary actionable data to identify and address driver behavior.
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.
Travelers has expanded its telematics auto insurance offering with the launch of IntelliDrivePlus.
The data integrity solutions provider has launched a new integration with Duck Creek Policy, the tenth such integration between Precisely and the Duck Creek Platform.
Greater Than (GREAT.ST), the insurtech using AI for pricing insurance based on real-time analyses of drivers’ accident probability, has in partnership with the Tryg A/S now tailored Tryg Sidekick to include electric vehicles.
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.
MAPFRE, largest Spanish multinational insurance group in the world, and Tractable, which
has developed a market-leading AI-based technology solution to accelerate recovery from
accidents and disasters, are collaborating to help MAPFRE customers have their cars repaired
more efficiently, with the help of AI.
Duck Creek Technologies announced today that it has partnered with a new UK insurtech motor insurer, Adiona, to offer insurance policies with premiums built on data / telematics, artificial intelligence and machine learning that provide fair and transparent pricing based on the driving habits of each insured customer.
The “Lloyd’s Product Launchpad” is the brand new residence for the event of insurance coverage options to sort out rising dangers.
Lemonade, the insurance firm that’s powered by AI and behavioural economics, notes that the end of the year 2021 is a time for “sitting back, taking stock, and reflecting on the past twelve months.”
Klinc, Zurich’s digital insurance brand, has introduced home insurance “designed for millennials.
Next Insurance has been working on a mobile app since April of last year and today that app is available.
Singapore-based insurtech firm, Zensung today launched its application called Parrot on the app stores.
Paydrive, the Nordic region’s leading insurtech in car insurance, is partnering with Cambridge Mobile Telematics (CMT), the global leader in smartphone telematics, to upgrade its unique pricing engine with industry-leading driving intelligence.
The pet insurance policy covers injury and illness, specialist treatments and optional dental care, and offers a multi-pet discount. Premiums start at $3 a week for cats and $4 a week for dogs.
So far it’s being sold in Arizona, Illinois, Indiana, Ohio and South Carolina. Along with Texas, it will soon be operating in Georgia, Missouri and Tennessee with more states added monthly, Toyota said Thursday.
Brit has announced that it has expanded the use of a proprietary machine-learning algorithm to accelerate the identification of US tornado property damage.
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.
Insurtech startup Thimble has announced the launch of its new Event Liability Insurance offering for business owners. The product will be available through Thimble’s app and website.
Buckle, the inclusive tech-enabled financial services company, is protecting gig drivers by extending its signature rideshare and delivery auto insurance to those who drive in various U.S. regions for leading companies like Uber, Lyft, Instacart, Amazon Flex, Uber Eats, Grubhub, Favor, and others.
Thimble’s event insurance will help thousands of small businesses or event planners rebound from the financial blowback of the pandemic
Coalition, the world’s largest commercial insurtech provider, today announced it will launch a new captive to begin taking risk on its cyber insurance programs. With this captive, Coalition will enhance its ability to manage capacity and its long-term growth objectives while further aligning incentives with its customers.
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.
The insurance sector is notoriously low touch. There are arguably only four key customer journeys: taking out a policy, renewal, making a claim and cancellation. Customers tend to only hear from their insurer once or twice each year, and these are usually dull, administrative interactions. Then it’s radio silence until it’s time to renew again.
Generali has announced a partnership with Accenture and Vodafone Business to launch a suite of cyber insurance services. The initiative includes cyber risk assessments, phishing simulations and learning programs.
Zurich North America has announced the creation of a complex casualty unit to support customers in the upper middle-market segment.
Automaker’s exclusive insurance agency establishes first branded product.
Life insurance technology company Bestow and Equitable, a leading financial services company and principal franchise of Equitable Holdings, Inc., today announce a first-of-its-kind enterprise partnership and the launch of a new, entirely digital term life insurance offering called Term-in-10SM.
Underwriter specializing in liability Medical & Commercial International (MCI) has announced the launch of revolutionary Communicable Disease Liability (CDL) coverage.
Fintech startup Pand.ai has unveiled GINA.sg, an English-Chinese bilingual WhatsApp Chatbot that helps car owners in Singapore find the most competitive motor insurance that suits their profiles.
Zurich North America has announced the launch of an enhanced suite of vehicle protection products designed for electric vehicle (EV) owners.
SME online insurance specialist BizCover has been piloting an artificial intelligence chatbot, Frankie, as it looks to pursue efficiencies through technology.
Reale Vida, the Reale Group’s Spanish insurer, has partnered with Munich Re to implement automated underwriting across its life insurance operations in Spain.
Zurich UK is launching what it calls an “industry-first” drive to help homeowners and businesses better protect themselves against the mounting risk of flood.
Lloyd’s Disaster Risk Facility (DRF), an initiative with more than $445 million of notional capacity designed to help economies, has launched the first retail parametric cyclone insurance product in Northern Australia as the country awaits the cyclone season.
AXA XL has launched a new online Disaster Recovery Hub comprised of more than 100 major disaster case studies in partnership with the Cambridge Centre for Risk Studies at Cambridge Judge Business School.
Aventus has launched a digital underwriting platform for standard and complex insurance products.
Airbnb’s host and guest protections now include host damage protection, host liability insurance, and liability insurance for its Airbnb Experience customers.
Insurtech Flip, a wholly owned subsidiary of HCF Life, says it has introduced Australia’s first on-demand injury insurance for as little as $6 a day.
BizCover has launched its online business insurance platform in South Africa as it targets opportunities from a potential digital transformation in SME purchasing in the country.
Coalition has launched new executive risks insurance products for small and midsize businesses. The directors and officers (D&O) and employment practices liability (EPL) coverages are underwritten by Zurich North America.
Lemonade has formally entered the auto insurance markets, seven months after the New York-based digital insurer disclosed initial plans to do so.
Chubb announced today the launch of a packaged insurance product that addresses the evolving risks faced by manufacturers, in Hong Kong SAR, Malaysia and Singapore.
American property insurance and climate risk analytics startup Zesty.ai has unveiled a predictive wildfire risk analytics solution, Z-FIRE a data-driven model powered by AI and comprehensive fire science.
NEXT Insurance, the leading digital insurtech company transforming small business insurance, today announced the availability of NEXT Connect, a trusted embedded insurance solution for some of the leading small business software ecosystems in the U.S.
Global risk and reinsurance specialist Guy Carpenter & Company, a subsidiary of Marsh McLennan, has announced the launch of Wildfire Risk Score, a tool designed to help manage their exposure to the risk of wildfire across Europe.
Led by Group 11, the round will help the company bring simplicity and transparency to the historically complex industry of employer-sponsored health benefits in the U.S.
Marsh McLennan has announced the launch of its Cyber Risk Analytics Center, an enterprise-wide resource that combines the cyber risk data, analytics and mitigation expertise of its Marsh, Guy Carpenter, Mercer, and Oliver Wyman businesses
UnipolRe, part of UnipolSai Assicurazioni, has rolled out a new telematics offering designed to enable its clients to integrate sophisticated and robust telematics technology into their motor insurance offering.
Tesla now offers car insurance in Texas, its new home state, a couple of years after launching the product in California.
Getlife, the new insurtech that aims to revolutionize life insurance by selling affordable, fair and easy products throughout Europe, has raised € 1 million of financing in a pre-seed investment round and the largest in the insurtech industry in Spain.
Swiss Re has partnered with mental health platform Wysa to develop a new app specifically designed for the insurance industry.
Tesla’s in-house insurance program will officially go live this week, Elon Musk revealed during the 2021 Shareholder’s Meeting held last night at Gigafactory Texas.
Socotra, the enterprise-grade core platform that enables insurers to rapidly develop and deploy innovative products that better serve their customers, today announced its newest offering, Socotra Marketplace, with partners Betterview and Snapsheet.
Swiss Re’s InsurTech iptiQ and Square Health, one of the UK’s largest networks of medical professionals, come together to provide clients and their customers top quality health advice.
Aon has launched Ransomware Defence, a new product offering that seeks to address the cyber insurability challenges of businesses in the UK and the Europe, Middle East and Africa (EMEA) region.
Breeze, an insurtech focused on disability insurance, has launched the Breeze Agent Portal that streamlines how agents sell disability insurance and critical illness insurance to consumers.
In a first for Europe, online insurer Smile is expanding its business model
to include a ‘Freemium’ offering and making its app experience available
across Switzerland.
Commercial motor insurance provider, Zego, has launched a new flat rate insurance policy, further extending its choice of policies for fleet businesses.
The company’s digital buying experience addresses the desire of consumers for professional advice combined with the convenience of a digital buying experience.
In August, Lemonade co-founder and co-CEO Shai Wininger discussed the company’s upcoming car insurance product.
Amazon is to start offering insurance to small and medium-sized UK business customers, the technology giant’s first foray into business insurance in the country, broker Superscript said on Monday.
Tesla owners in Texas may be able to buy auto insurance from Elon Musk’s electric car company as soon as next month.
Swiss Re and Claim Genius, a global Insurtech providing computer vision AI solutions to insurance carriers, announced their strategic partnership to bring real-time AI damage assessment and estimation platform to bring more efficiency to motor claims.
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.
With world’s largest forum for insurance professionals, Insurtech Insights provides an invaluable platform for networking, new insights and exposure for thought leaders. We are always looking for new partners, content creators, and contributors to create value and deliver exceptional support to Insurtech Insights.
To share your knowledge, simply fill out the form.
