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RMS and Tokio Marine Expand Partnership
Catastrophe risk solutions company, RMS and Tokio Marine Holdings have announced the expansion of their global commercial partnership through a new agreement. RMS models underlie
New Digital Car Insurance in the UAE Rewards you for Driving Safely Embargo
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
Risk Theory Launches Downstream Energy Insurance Program for Contractors
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
Zurich Adds Medical Stop Loss Product for National Carrier-Administered Programs
Zurich North America is launching a medical stop loss insurance offering for larger employers with self-funded group health plans administered by national carriers. The new
AI Investment in Commercial Lines – Do Insurers Have It Right?
The discussion is frequently dependent on product segments, but over time, value will be universal regardless of product complexity, albeit for different reasons. Artificial Intelligence
Matic Raises $24M
Matic Insurance announced the close of a $24 million funding round led by IA Capital Group. Founded in 2014 and a team of ~134, Matic
Meet the Insurtech: Lori
HYLA Mobile, a mobile-device trade-in company, has launched Lori, a device-insurance company with the goal of creating more flexible protection offerings. Lori enhances the mobile
MetLife Announces Series of Key Leadership Changes
Life insurer MetLife has announced a series of changes to its senior leadership team, including the retirement of Latin America executive vice president and president
The Zebra Reaches $100M Run Rate, Turns Profitable as Insurtech Booms
From a cluster of insurance marketplace startups raising capital earlier this year, to neoinsurance provider Lemonade going public this summer at a strong valuation, Hippo’s
Insurtechs’ Role in Transformation
Insurtechs are important for the development of the industry — but as tools. Incumbents must still get the real transformation done. Given the nature of
The Future of Underwriting: Intelligent Intake
Getting business in the door is great—but it’s just the first step in the underwriting journey. Carriers today need to quickly convert intake into insight
Metromile ‘Ride Along’ Lets Drivers See Benefits of Pay-Per-Mile Insurance
After downloading the Metromile app, drivers are shown their monthly rates and estimated savings and offered the opportunity to conveniently switch their coverage to Metromile.
The Insurance Journey of Tomorrow
Disruption taking place through isolated digital innovations are a thing of the past. Instead, a complete digital policyholder journey is becoming the expectation within insurance.
Telematics Launches from Metromile and Southern Farm Bureau Illustrate Continuing Industry Shift
Carriers continue to plow ahead with investments in usage-based insurance. Metromile, a pay-per-mile carrier, has launched Ride Along, which allows prospective customers to test whether
Munich Re Forms Partnership to Help Create ‘Pay-Per-Part’ Model for Manufacturers
The TRUMPF Group and Munich Re Group are entering into a strategic partnership for a “pay-per-part” business model, which enables customers to use a full-service
3 Vital Questions to Address When Looking at the Severity of Medical Professional Liability Claims
Severity of claims seems to be growing for medical professional liability. Here are three things health care professionals need to be thinking about in order
Pie Insurance Sees Record Growth and Surpasses $100M in Premium
Pie Insurance, an insurtech specializing in workers’ comp insurance for small businesses, today announced it has exceeded $100 million in cumulative written premium and surpassed
Nationwide and Generali Global Assistance Partner to Enhance Identity Theft Protection
Cybersecurity issues are running rampant as the world is rapidly going digital. This presents independent agents with a unique opportunity to help their clients protect
Three details on Amazon Halo illuminate the Giant’s Theory of Success
With the launch of Amazon’s Halo, a health-focussed wearable, the first-party-data-fuelled company is setting up to disrupt healthcare – but the early steps it is
HawkSoft Partners With Innovative Proof Of Insurance And Certificial
Many interactions between businesses hinge on the ability for one party to provide a proof of insurance to the other. For example, delivering commercial shipments,
Elisabetta Ibba Appointed CEO of Lloyd’s Broker AEC
Coverys European Holdings (CEH), a division of Coverys, has added Elisabetta Ibba as Chief Executive Officer of its Lloyd’s broker subsidiary AEC Group. Ibba brings
Munich Re Introduces Lawyers Professional Liability Coverage
Global reinsurer, Munich Re has announced the introduction of Lawyers Professional Liability (LPL) insurance, an errors and omissions policy specially designed for mid-size law firms.
Nexus Announces Partnership with Crum & Forster
Specialty managing general agent Nexus Group has entered into a strategic partnership with Crum & Forster (C&F), a US-based top national property and casualty insurer
A Look at What InsurTech Investors Should Embrace and Leave Behind
Which technology should InsurTech investors move away from, and what should they embrace instead? These are typical questions investors in the space (and others) must
Hardening Insurance Market Bucks Global Recession Trend
Hardening insurance markets are bucking the global recession trend, according to a new report from the Swiss Re Institute. “Even before the COVID-19 crisis, low
Unqork Raises $207 Million in Series C Funding
Now valued at $2 billion, Unqork will use the new investment to grow its salesforce, invest in its technology, and expand training for its partnerships
Insurtech Provider, Insurance Companies Launch Strategic Alliance
Insurtech provider Patra and insurance companies AmWins Group, CRC Insurance Services, and Heffernan Insurance Brokers have formed a strategic alliance to prioritize, develop and integrate
Attune Announces New BOP Product
Attune Insurance Services today announced the launch of a new Businessowners’ Policy with Accredited Surety and Casualty Company (“Accredited”) serving as the carrier. The Businessowners’
Drones and Data Set to Revolutionise the UK Agricultural Insurance Market
Iprosurv, the UK’s leading aerial survey, inspection and mapping provider, has entered into a partnership with US-based agricultural surveying specialists, Sentera, in a move that
Zurich Boosts Insurance Offering
The travel insurance industry may have taken a big hit this year amid all the coronavirus-led cancelations, but Zurich is hoping to extend its services
The Future of Insurance is Hyper-Personal
Protection products will increasingly have to be dynamic, meeting the needs of each individual as preferences and life circumstances change. When we say “it’s personal,”
How Do you Get People to Buy a Product they don’t Want?
“How do you get people to buy a product that they don’t want, but they truly need?” That’s the question written on the post-it note
Strategic Priorities and the New Reality
Forward-thinking leaders are digitally transforming their current business, while also disrupting it by building their business model for the future. “We’ve seen two years’ worth
BGL Group Launches Counter Fraud Capability Using AI
BGL Group announced the launch of counter fraud ‘pre-sale’ technology that uses artificial intelligence and machine learning to identify criminal activity. This technology is the
Lloyd’s Report Calls for Simpler Insurance Products
In the wake of the COVID-19 pandemic, a new report from insurance and reinsurance marketplace Lloyd’s of London has called on insurers to build simpler
Aon, Goldman Sachs Launch Investment Service for Captive Insurers
Re/insurance broker Aon has partnered with Goldman Sachs on a service designed to provide captive insurers with an easy way to identify and access high-quality
Risk Settlement Market Could Reach £50bn by End of 2020: Aon
Global insurance and reinsurance brokerage, Aon, predicts that the risk settlement market could still reach £50 billion by the end of 2020. The 2020 result
Cover Genius Gets $15m on the Back of eBay, Shopee Deals
Insurance tech company Cover Genius has scored $15 million in fresh funding from King River Capital and Leap Capital as it looks to win more
Daimler & Swiss Re Launches Mobility Insurance Venture
Swiss Re and carmaker Daimler announced a joint automotive and mobility insurance venture on Monday, seeking to tap into a wealth of new data generated
Profile of a Modern Reinsurer
State-of-the-art technology, data formats and service partner providers are now at hand to allow them to help put reinsurers in the catbird seat. “Sitting in
Zurich LiveWell to Acquire Digital Health and Wellbeing Service Providers
Zurich Insurance Group has agreed to acquire Australia-based HealthLogix and South Africa-based HealthInsite, to further expand its Zurich LiveWell health and wellbeing business. The companies,
AXA XL Makes Key Announcements Globally
AXA XL has announced several promotions and appointments in its Americas region, its UK and Lloyd’s business unit, and its Asia and Europe business unit
Chubb Launches UK Personal Cyber Product
Re/insurer, Chubb UK has announced the launch of a new personal cyber product to protect individuals and their families. Chubb’s Personal Cyber Insurance provides a
Aegon Sells Stonebridge for £60 Million
Aegon, a provider of life insurance, pensions and asset management, has announced the sale of Stonebridge, a UK-based provider of accident insurance products, for £60
Re/insurers Must Work with Cities to Unlock Urbanisation Opportunities: Lloyd’s
A new report from insurance and reinsurance marketplace Lloyd’s of London has urged the industry to work more closely with city administrators to improve risk
KPMG Releases Report on Cyber Security Risks
KPMG has published a report in collaboration with Lloyd’s that highlights the new threats to intellectual property (IP) portfolios posed by a changing risk landscape
Willis Towers Watson Notes Positive Performance from Global M&A Market
Despite the impact of the COVID-19 pandemic on dealmaking, the global M&A market has recorded its first positive performance in three years for completed deals,
A New Boom for Life Insurance?
Life insurance can move past the 250-year-old, risk-focused transaction and become a core component within a life, wealth and health ecosystem. When executives are looking
Designing a Digital Insurance Ecosystem
Insurance carriers that invest in open ecosystems and best-in-class components will experience improved customer satisfaction, lower costs, and leapfrog the competition. In 2020, the insurance
Hedge Funds Returning to Insurance as Premiums Rise
Five years after London-based hedge fund Toscafund ditched the shares it held in insurance companies, the $3.5 billion firm and its peers are flocking back,
P&C Insurers Shift Course in Pandemic
In 2021, there looks to be a major increase in overall tech spending and a rapid acceleration of digital transformation plans. When will the COVID-19
Insurtech Start-Up Hometree Raises £7m in Funding for Expansion
Home services and insurance start-up Hometree has raised £7 million in a funding round that will help it capitalise on a spike in demand amid
Munich Re Automation Solutions to Invest €16mn in R&D Program
Dublin-based Munich Re Automation Solutions, a subsidiary of the global reinsurer, is set to invest roughly €16 million in a research & development program and
PCS Launches New Data Set for Cyber Risk
Property Claim Services (PCS), a Verisk Analytics business, has announced the launch of a new data set to help cyber insurers and reinsurers optimise their
The Next Revolution in Telematics: An Insurer Partners with an Automaker to Collect Data
An American auto insurer has partnered directly with a car manufacturer to get access to driver data and provide insurance coverage based on that information
Here’s How Google, Amazon, Facebook and Apple are Targeting the Health Insurance Market
Tech giants are ramping up their investments in digital health initiatives, signaling some significant moves to target the health insurance space. Google, Facebook, Apple and
How Coronavirus Is Changing Claims, Risks, Work, Habits, Supply Chains and More
The magnitude of the COVID-19 pandemic as an economic loss events is unprecedented for companies and insurers alike and claims trends and risk exposures are
Lloyd’s Targets $15bn of New Business, 13% Growth in 2021: Neal
The specialist Lloyd’s of London insurance and reinsurance marketplace expects to approve business plans that will enable the market to write roughly $15 billion of
Health Care Delivery Is Rapidly Transforming. Can Underwriters React in Time?
COVID-19 could permanently change the way care is delivered. Underwriters will watch how health systems manage ongoing safety concerns and pandemic-induced financial strain. Health care
Rideshare Insurtech Buckle Makes Two Senior Appointments
Andrew Rear has been appointed Chairman of Buckle’s Board. He will continue working as Chief Executive Officer of Digital Partners, a Munich Re company. Rear
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