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Zesty.ai Introduces Predictive Wildfire Risk Analytics Solution
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 announces new embedded insurance product
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.
Guy Carpenter launches risk assessment tool for European wildfires
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.
Insuright raises $22 million seed investment
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 unveils Cyber Risk Analytics Centre
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 empowers carriers with new telematics offering
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 Insurance officially available in Texas
Tesla now offers car insurance in Texas, its new home state, a couple of years after launching the product in California.
New insurtech Getlife launches in Spain
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 partners with Wysa for mental health app
Swiss Re has partnered with mental health platform Wysa to develop a new app specifically designed for the insurance industry.
Tesla Insurance to go live in Texas this week
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 Unveils Industry’s First No-Code App Marketplace
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 iptiQ partners with Square Health to provide UK customers with digital protection benefits
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 launches new cyber product for UK and EMEA businesses
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 Launches Online Portal to Streamline How Agents Sell Disability Insurance
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.
Smile launches the insurance industry’s first ‘Freemium’ model
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.
Zego launches new flat rate policy to cater to fleet businesses in high demand
Commercial motor insurance provider, Zego, has launched a new flat rate insurance policy, further extending its choice of policies for fleet businesses.
Plum Life Launches All-Digital Way to Sell Life Insurance
The company’s digital buying experience addresses the desire of consumers for professional advice combined with the convenience of a digital buying experience.
Lemonade’s telematics plan
In August, Lemonade co-founder and co-CEO Shai Wininger discussed the company’s upcoming car insurance product.
Amazon to start offering insurance to UK businesses
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.
Elon Musk Hopes To Roll Out Tesla Insurance Worldwide, Beginning With Texas Next Month
Tesla owners in Texas may be able to buy auto insurance from Elon Musk’s electric car company as soon as next month.
Claim Genius and Swiss Re Announce strategic Partnership for Global AI Claim Solution
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.
Brit Launches Machine Learning Algorithm to Accelerate Catastrophe Claims Response
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.
Alan acquires Jour and launches mental health service Alan Mind
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 launches two standalone digital insurance products for privately held SMBs
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 Partners with Everspan on Commercial Trucking Program
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 to use mobile robot for catastrophe claims and property inspections
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.
Tractable Introduces AI Solution for Quick Vehicle Condition Assessment
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.
Concirrus unveils new IoT platform for commercial insurance market
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.
Insurtech Adiona launches showcasing new UBI model
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 launches Builders Program to simplify the home buying process
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.
As open insurance accelerates, incumbents risk missing the boat
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.
Gallagher Re launches next-gen reinsurance analytics platform
Global reinsurance broker Gallagher Re has announced the launch of Gallagher Automated Insurance Analytics (GAIA), a proprietary automated analytics platform.
Swiss Re partners on digital motor product in France
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 launches new pet health insurance offering
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.
Corvus Insurance Launches Risk Aggregation Platform
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 Revolutionizing Construction Risk Management
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’s new accelerator for small business insurance
Amazon has launched an online network for small business insurance.
Swiss Re teams with Reask on parametric cyclone cover
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.
New AI solution accurately assesses vehicle condition in minutes
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.
Zego introduces internal mobility policy to help employees navigate their careers
Commercial motor insurance provider Zego has introduced a workplace policy to encourage internal mobility for its employees.
The CareVoice Launches API-based Infrastructure and Health Ecosystem and Collaborates with Major Insurers
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.
Hippo Opens Innovation & Growth Center in Israel
The home insurance group, which is transforming homeowners insurance, will fuel growth through its global team.
Pie Insurance to Acquire Regional Insurer as it Evolves Into Full-Stack Carrier
Pie Insurance will acquire a regional insurer as it moves forward with a bid of becoming a full-stack insurance carrier.
Cowbell Cyber Delivers Industry’s First Distribution APIs For Instant Cyber Insurance Quoting and Policy Issuance
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.
VOOM and Markel Launch Their First Per-mile Motorcycle Insurance
This usage-based Insurtech offering will assist in empowering riders to customize flexible coverage plans and lower insurance costs.
Zurich Insurance Orchestrates the Workforce of the Future with Blue Prism
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 launches AI tool to support COVID-19 control efforts in the Philippines
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 Digital Life Insurance Application Experience Launches on Even Financial
Haven Life’s term life insurance offerings will be available on Even properties and via its wholly owned subsidiary LeapLife.
Cryptocurrencies & claims a focus of the seventh Lloyd’s Lab cohort
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 launches new digital claims solution to transform the customer journey
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 launches faster claims payment pilot
Lloyd’s will be testing whether delegated authority business can facilitate claims in minutes.
CI partners with Swiss Re to launch its first embedded cyber protection
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, MetLife tie up to pioneer digital insurance
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 of London plans electric vehicle, hydrogen insurance in climate change fight
Lloyd’s will design insurance for electric vehicles which will cover a breakdown in internet connections, and look at ways to insure hydrogen transportation.
Hippo Expands Into Industrial Insurance coverage
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 Launches Homeowners Association Insurance Offer
Hippo, the home insurance group that created a new standard of care and protection for homeowners, today announced its expansion into Commercial Insurance.
Tractable launches AI Subro to help insurers recover loss and reduce loss ratios
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 launches machine learning-driven property claims tool
AXA UK has introduced a new machine learning tool designed to help streamline and accelerate complex property claims.
EY announces alliance with Fadata to help improve business performance for insurance companies
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.
Big insurance companies launch net-zero climate alliance
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.
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