Product launches

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.

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.

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.

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.

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.

Digital insurer Lemonade is making the headlines again, with the launch of a new auto insurance offering.

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.

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

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.