Product launches
We regularly curate the latest insights and reports provided by and in collaboration with our partners and stakeholders to create the largest platform for knowledge-sharing and development within the world’s insurance industry.
Blue Marble Partners with Nestlé to Launch Weather Insurance Platform in Indonesia
Parametric insurtech Blue Marble and global conglomerate Nestlé, have partnered to deliver weather insurance to coffee farmers in Indonesia.
CoverGo Secures Patent for its Drag-and-Drop Product Builder
CoverGo, a leader in the global Software as a Service (SaaS) no-code insurance core platform for health, property and casualty (P&C), and life, has secured a patent for its cutting-edge drag-and-drop product builder.
Skyrisks Ltd. Officially Launches, Secures Investment and Capacity from Convex Group
London-based Managing General Agent (MGA), Skyrisks Ltd., specialising in the advanced air mobility (AAM) sector, has marked its official launch, buoyed by a substantial investment and capacity support from Convex Group, a prominent specialty re/insurer.
MGA, Measured Analytics, Launches New Cyber Solution for SMEs
Measured Analytics and Insurance, a prominent cyber insurance Managing General Agency (MGA) based in the US, has introduced CyberGuard 2023, a state-of-the-art AI-driven cyber insurance product designed to fortify the cybersecurity defenses of Small and Midsize Enterprises (SMEs).
Verisk’s ISO Businessowners Programme Adds Nearly 160 New Classifications to Help Insurers Keep Pace with Evolving Risks
Verisk has announced the launch of its latest update to the ISO Businessowners (BOP) programme and has added almost 160 new classifications to help insurers keep up with evolving risks.
Mulberri Launches Certificate of Insurance Platform for PEOs and Workers’ Compensation Master Carriers
In a groundbreaking move, Mulberri, an innovative AI-driven embedded insurance startup, has unveiled its cutting-edge Certificate of Insurance (COI) platform.
Ledgertech, Cellcom, and Menora Mivtachim Partner to Launch First Automated Digital Embedded Travel Insurance Solution
Ledgertech, an innovative insurtech company that has developed an advanced digital platform for creating embedded insurance products using cutting-edge technology, has partnered with Cellcom, a prominent telecommunications company, and Menora Mivtachim Group, a trusted insurance provider, to introduce a groundbreaking travel insurance product.
How Verisk’s SRCC Solution is Insuring Against the Unthinkable
New technologies are enabling businesses to predict a whole new spectrum of risks related to political instability, rioting, strikes, terrorism, warfare and more. Insurtech insights talks to Torbjorn Soltvedt, Principal Analyst at Verisk Maplecroft, to find out how.
Lloyd’s Market Association Launches ESG Academy to Empower Re/Insurance Professionals
Lloyd’s Market Association (LMA) has unveiled its Environmental, Social, and Governance (ESG) Academy, meticulously crafted to cater to professionals entrenched within the Lloyd’s market and the broader global re/insurance sector.
SAP Fioneer Launches ESG Software to Help Financial Institutions Mitigate Growing Regulatory Risks
SAP Fioneer, a leading global provider of financial services software solutions and platforms, has launched its first software solution for ESG data orchestration and calculation for portfolio and single exposure KPI.
NEXT Insurance Launches Coverage Builder for Enhanced Agent Experience
NEXT Insurance, the prominent digital small business insurer, has unveiled a game-changing feature that empowers agents to finely customise coverage quotes, thus better serving the unique requirements of their small business clientele.
Planck Launches First GenAI-Enhanced Underwriting Workbench Solution
Planck has unveiled an innovative underwriting tool named Planck PLUS – a new platform that incorporates advanced Generative AI (GenAI) functionalities, marking a significant milestone in the evolution of underwriting processes.
Insurify Partners with Fletch to Launch New Pet Insurance Coverage
Insurify has forged a partnership with embedded insurance startup Fletch to introduce pet insurance to its platform.
Coalition Announces Plans to Launch Cyber Reinsurance MGA
Coalition, a cyber insurtech firm led by Joshua Motta, is in discussions to establish a new cyber reinsurance Managing General Agent (MGA) with a focus on writing third-party treaty business, The Insurer has reported.
Spirit Airlines Partners with Cover Genius to Launch International Travellers Cover
Cover Genius has partnered with Spirit Airlines to launch personalised embedded protection for international travellers, backed by a speedy claims process, for the first time.
Insurity Reveals New Solution to Implement Frictionless Regulatory Changes
Insurity, a provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs, has unveiled Circ, its cutting-edge regulatory solution designed to monitor, analyse, interpret, and execute regulatory modifications.
Verisk Launches First Predictive SRCC Data Model for Political Violence Insurers
Verisk Maplecroft, the risk intelligence business arm of Verisk, has launched a new predictive strikes, riots, and civil commotion (SRCC) data model, providing forecasts for thousands of global locations on the potential for damaging civil unrest events to emerge.
Cowbell Launches Adaptive Cyber Insurance Programme for the UK
SME cyber insurance provider Cowbell, will expand its offerings in the UK with the launch of its AI-powered standalone cyber insurance programme – Cowbell Prime One.
ACORD Releases Implementation Toolkit for New Contract, Risk, and Pre-Accounting Data Standard
ACORD, the standards-setting body for the global insurance industry, today announced the publication of the ACORD GRLC Contract, Risk, and Pre-Accounting (CRP) Implementation Toolkit, a new data messaging standard to facilitate the efficient exchange of insurance data.
New Lloyd’s Lab InsurTech Cohort to Focus on Climate, Cyber and Sustainability in Asia Pacific
Lloyd’s, the world’s leading marketplace for commercial, corporate and speciality risk solutions, today announces the 12 teams that will join the 11th cohort of the Lloyd’s Lab, the InsurTech accelerator hub for developing innovative insurance products in the Lloyd’s market.
SBLI Launches New Accelerated Underwriting Programme
SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) has announced the launch of AcceleRate, a new accelerated underwriting experience that distribution partners and customers can count on for speed, reliability and convenience as well as improved rates on term and whole life insurance products.
NOW Insurance Receives Funding from Arch Capital Group Ltd. to Accelerate Growth
NOW Insurance, a full-stack, AI-enabled commercial insurance platform specialising in medical professional liability coverage, has announced an investment from a subsidiary of Arch Capital Group Ltd. and a managing general agent partnership with Arch Insurance North America.
Clearcover Expands its Embedded Insurance Strategy
Clearcover, a next-generation car insurance company, today announces the launch of “Choice,” its embedded insurance solution that provides a customisable end-to-end auto insurance integration for brands.
Unqork’s Codeless Platform Available on Google Cloud Marketplace
Unqork, the leading Codeless as a Service platform, has announced the availability of the Unqork platform on Google Cloud Marketplace.
Charles Taylor InsureTech presents the new version of InHub 1.1.
Charles Taylor InsureTech, a leading provider of technological solutions for the global insurance market, introduces the new version of InHub, a native cloud platform specialised in insurance.
Talanx reports “Best Half Year Result” in Group History
European insurance group Talanx has announced its financials for the first half of 2023, revealing a group net income of €827 million, an uptick of 21% and is the best half year result for the group in its history.
Duck Creek Technologies Expands into Indian Motor Insurance Landscape
Duck Creek Technologies India LLP, a subsidiary of the renowned Duck Creek Technologies, has set its sights on the thriving Indian general insurance sector.
Aviva expands underwriting appetite to include engineered timber for commercial buildings
Aviva has underlined its sustainability commitments by expanding its underwriting appetite to include engineered timber1 in commercial developments.
Planck Keeps Customers at the Leading Edge of GenAI Technology
While the industry buzzes about the potential impact of generative AI, Planck customers are already experiencing the benefits
Leading Insurtech Quility Announces Significant Investment from F&G
Quility, a leading insurtech company, today announced a significant investment from F&G Annuities & Life, Inc. (“F&G”) for a minority stake in Quility.
NeuralMetrics Unveils Lessor’s Risk Data Solution for Efficient Underwriting
NeuralMetrics, headquartered in Denver, has added Lessor’s Risk Only (LRO) capabilities to its risk-quality data platform.
Insurance Firms Warned About £222 Billion Yearly Lost Turnover due to Lost Billable Hours
Insurance services firms in the UK are being warned that they are losing around £222.1 billion a year in total due to poor time keeping and lost billable hours, reveals a new study.
Benekiva Launches Intuitive Portal360 Cloud-Based Platform
Portal360, Powered by Benekiva allows claimants to manage their claim and engage in real-time discussion with a carrier associate without ever leaving the intuitive Portal360 interface.
At-Bay Completes Transition to Full-Stack E&S Carrier
At-Bay has announced a significant step in its evolution.
NEXT Insurance Expands Offerings with Introduction of Commercial Umbrella Coverage
Digital small business insurer NEXT Insurance has unveiled its latest expansion strategy, enhancing its insurance portfolio for small enterprises.
Travelers’ Northland Insurance Launches Telematics Programme to Boost Insurance Services
The Travelers Companies, through its subsidiary Northland Insurance, a prominent trucking insurance firm, has made a significant stride in the world of insurtech with the introduction of a cutting-edge telematics programme.
Bikmo Partners with Caravan and Motorhome Club to Offer Exclusive Cycle Insurance Options to Members
Bikmo, a renowned specialist insurance provider for cyclists, has announced its exciting partnership with the esteemed Caravan and Motorhome Club.
Allianz Trade Launches Business Fraud Insurance to Combat Rising Fraud in the UK
Allianz Trade, the world’s leading trade credit insurer, has introduced a new standalone fraud insurance product to assist businesses in tackling the surge in employee fraud and external scams in the UK post-pandemic.
Zurich Lists 10 Cyber Controls that will Help SMEs Thwart 70% of Cyberattacks
Zurich Insurance Group (Zurich) and researchers at one of the world’s leading universities ETH Zurich have identified 10 controls that can reduce the risk of becoming a victim of the most common cyberattacks by up to 70%.
INZMO Launches e-Scooter Insurance Product to Meet Surging Demand in Germany
Berlin-based insurtech INZMO has launched a new e-scooter product following growing demand in the marketplace.
Clark UK and Swiss Re’s iptiQ Collaborate to Launch New ‘Over 50s’ Life Insurance Product
Clark UK, formerly known as Candid, has strengthened its strategic partnership with iptiQ by introducing its own ‘over 50s’ life insurance product for the UK market.
Tensorflight and Socotra Join Forces to Set a New Standard for the Property Insurance Industry
Tensorflight, a leading computer vision, property data, and insights provider has joined forces with Socotra, a company providing a modern, cloud-based platform for technology-driven insurers.
Reinsurance Newcomer Augment Receives US$100 Million in Funding from Altmont Capital Partners
Augment, a promising new London-based player in the reinsurance industry, has made a significant impact with its launch, following a substantial funding boost of up to $100 million from Altamont Capital Partners, a private equity firm.
Zurich Insurance Launches Groundbreaking Embedded Zurich Edge in Asian Markets
Zurich Insurance has made a significant stride in the insurance industry by introducing its cutting-edge suite of solutions for digitally embedded insurance across all Asian markets, Zurich Edge.
Allianz Report Reveals Top Emerging Liability Trends for Professional Services
Allianz has unveiled the top emerging liability trends in the professional indemnity space for 2023.
Aon Report Shows Florida’s Insurance Market May be in Recovery
The Florida insurance market has made a significant turnaround during the 2023 mid-year renewal, providing a much-needed boost to the state’s insurers, according to Aon’s Reinsurance Market Dynamics report.
AI-Powered Crop Insurance Launched by ARS & Definity
Agi3 Risk Services (ARS) and Definity Financial Corporation have launched an AI-powered crop insurance solution called AgriEnhance.
Aon Completes “Historic” Parametric Insurance Programme for Puerto Rico
Aon, the prominent global professional services firm, has successfully finalised a “historic” parametric insurance programme for the Government of Puerto Rico.
Tokio Marine Launches Group-Wide Intelligence Platform for Enhanced Collaboration
Tokio Marine Holdings has unveiled a new market intelligence platform that aims to improve collaboration with external companies.
Cyber Insurance Market Expected to Surpass US $79.75 Billion by 2030
The cyber insurance market expected to surpass US$79.75 billion by 2030, fueled by increasing cyber attacks and risk awareness
Insurtech Candid Rebrands as CLARK UK Following 2022 Merger
Candid, the rapidly expanding life insurance and protection company in the UK, has announced its transformation into CLARK UK.
Afreximbank Launches AFREXInsure, a Subsidiary to Support Intra-Africa Trade
Afreximbank, the export-import bank has introduced its wholly-owned insurance management services subsidiary, AFREXInsure.
Lemonade Launches Captive Cell in Bermuda
Insurtech Lemonade has announced the establishment of a captive cell in Bermuda.
Protection Gaps Widening Worldwide, According to Swiss Re Report
The protection gap is widening on a global scale in response to a range of factors, including the economic crisis and natural catastrophes, says a new report from reinsurance giant, Swiss re.
Zurich Launches Insurance Affordability Resource to Aid Australians amid cost pressures
Zurich Financial Services Australia (Zurich) has introduced an insurance affordability resource in response to the ongoing cost-of-living pressures faced by Australians, driven by inflation and rising interest rates.
Arbol launches parametric reinsurance on RiskStream’s blockchain platform
Insurtech Arbol and The Institutes RiskStream Collaborative have announced that the dRe insurance solution had gone live on RiskStream’s blockchain platform. dRe uses smart contracts for reinsurance calculations on chain.
AIB Joins Forces with Great-West Lifeco to Launch AIB Life
AIB (Allied Irish Banks) and Great-West Lifeco have joined forces to launch a new technology-led joint venture called AIB Life.
Intelligent AI Solves US$433.8 Billion Commercial Property Underinsurance Problem
Intelligent AI, a UK-based startup, says its new data-driven platform has solved the US$433.8 billion commercial property underinsurance problem, and has issued a public statement detailing the triumph
Global Air Travel Resumes, But Airlines Struggle to Meet Demand, Reports Cover Genius
According to a recent report by Cover Genius, overall traveller numbers are expected to reach a staggering 4.0 billion in 2024, surpassing pre-COVID-19 levels.
Italy Floods Highlight Major Protection Gap, Says Verisk
Verisk, a leading data analytics provider, has revealed in a recent report that only a small percentage of damage to insured assets caused by the May floods in Italy will be covered.
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