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.
Insurtech Bluezone Announces Partnership With diabetes.co.uk
Bluezone, an insurtech reinventing life insurance for people with chronic illnesses is delighted to announce a new strategic partnership with Diabetes.co.uk, the largest diabetes community in the world.
Ledgebrook Goes Live with Socotra Connected Core
Socotra, the next-generation core platform provider for modern insurers, together with Ledgebrook, an InsurTech MGA focused on the excess and surplus (E&S) market, announced the launch of Ledgebrook’s new platform, powered by Socotra Connected Core.
Stubben Edge Group Launches Capital Arm, Stubben Edge
Stubben Edge Group has announced the launch of its capital arm, Stubben Edge Capital.
Driver Technologies Raised US$6 Million in Latest Funding Round
Driver Technologies, an AI-based mobility tech company, has announced the successful completion of a $6 million strategic funding round.
Atlantic InsurTech startup QuickFacts secures US$1.13m for Canadian expansion
Halifax-based startup QuickFacts, an insurtech dedicated to improving the insurance industry with technological disruption, has confirmed the successful completion of a funding round securing $1.13m.
First Hard Market Cycle in US Cyber Insurance Segment Brings Return to Profitability, Says AM Best
AM Best’s Market Segment Report says the first hard market cycle in US cyber insurance segment is brings return to profitability.
Chubb Limited Board Approves New Share Repurchase Programme worth US$5 Billion
Chubb has announced that its Board of Directors has granted approval for a new share repurchase programme worth $5 billion.
Capitola Introduces GPT Technology into Its Commercial Insurance Platform
Capitola, the digital marketplace for commercial insurance that connects brokers and carriers, today announced the introduction of GPT technology into its commercial insurance platform.
Microsoft Hong Kong Forms Strategic Partnership with OneDegree Global
Singapore-based technology startup OneDegree Global has formed a strategic partnership with Microsoft to drive insurtech and cybersecurity innovations powered by ChatGPT technology.
Aon launches Cutting-Edge Pricing Platform
The insurance broker Aon has unveiled its latest offering in the form of a cutting-edge pricing platform.
Clearcover Continues to Invest in The Agency Distribution Channel
Clearcover has launched Agent Hub, which provides an innovative, streamlined experience from onboarding to support
Generative AI Insurtech Sixfold raises US$6.5 Million in Seed Funding
Generative AI looks set to revolutionise risk assessment for insurers as innovative insurtechs like Sixfold raise the interest of investors
AXA Venture Partners Reveals Plans to Raise US$1.6 Billion Fund for Tech Startup Investments
AXA Venture Partners (AVP) has recently unveiled its ambitious goal of raising a €1.5 billion ($1.6 billion) late-stage fund.
Lloyd’s announces Rachel Turk as Chief Underwriting Officer
Lloyd’s, the world’s leading marketplace for commercial, corporate and specialty risk solutions, today announces the appointment of Rachel Turk in the new role of Chief Underwriting Officer.
Mulberri Unveils AI-Powered Risk Engine to Enhance Workers Compensation, Underwriters’ Decision Making and Profitability
Mulberri has unveiled its revolutionary AI-powered risk engine to enhance workers compensation, streamline underwriters’ decision making and boost profitability
Socotra Launches Connected Core in AWS Marketplace
Socotra has announced the availability of the first insurance policy core platform in the AWS marketplace, Connected Core
Chubb Launches Climate+ Renewables – its First Climate Tech Insurance Solution
Chubb has announced the launch of its first climate tech insurance solution, called Climate+ Renewables.
Zurich Assurance Ltd. and Pacific Life Re International Enters into US$2 Billion with YCB Pension Scheme
Yorkshire and Clydesdale Bank (YCB) Pension Scheme has entered into a US$2 billion (£1.6 billion) longevity swap arrangement with Zurich Assurance Ltd. and Pacific Life Re International Limited.
Coalition Launches new Cyber Management Platform to Prevent Digital Risk
Coalition, the world’s first Active Insurance provider designed to prevent digital risk, has announced the release of its new cyber risk management platform, Coalition Control 2.0.
Clearspeed Announces 200% Client Growth Increase and Leadership Hires in 2023
Clearspeed, a leading provider of voice analytics technology for risk assessment in the insurance, government, and security sectors, has experienced a 200% client growth increase and key market leadership hires in 2023.
Sky Partners with Zurich to Launch New Smart Home IoT Insurance Product
Sky, the UK-based telecommunications giant, has partnered with Zurich Insurance to launch a new smart home protection service that offers customers home insurance and smart home technology worth £250 (US$311.95).
CLARA Analytics Launches new AI Platform for General Liability Claims
CLARA Analytics, a leading provider of artificial intelligence (AI) technology for casualty insurance claims optimisation based in Silicon Valley, has launched its award-winning claims AI platform for general liability claims.
Verisk Launches XactXpert to Revolutionise Property Claims Estimate Review
Verisk, the global data analytics and technology provider, has announced the launch of XactXpert, a new rules engine integrated into its Xactimate property estimating solution.
Sayata Launches First Online Platform to Provide Multiple Miscellaneous Professional Liability Quotes
Sayata, has announced the addition of Miscellaneous Professional Liability (MPL) coverage to the Sayata platform.
Glia Launches AI-Powered Voice Virtual Assistant Solution
Glia, a leading provider of Digital Customer Service (DCS), has unveiled a voice banking solution for the Glia Interaction Platform.
EY partners up with EIS Group Inc to Launch Cloud-Native Digital Insurance Platform
Ernst & Young LLP (EY US) has teamed up with the global digital insurance platform provider, EIS Group Inc (EIS), to implement EIS’ cloud-native digital insurance platform for clients in the insurance industry.
AIG Announces Launch of New Independent MGA Following Agreement with Private Equity Firm, Stone Point Capital
AIG, the multinational insurance corporation, has announced the formation of a new independent managing general agent (MGA) called Private Client Select Insurance Services (PCS).
Clearcover Teams with Experian to Deliver an Embedded Insurance Solution
Clearcover, the digital-first car insurance company, has deepened its relationship with Experian’s auto insurance shopping solution to deliver a seamless embedded car insurance experience
InnSure Awarded US$6.5 Million to Fund Climate Risk Innovation
InnSure, a mission-driven nonprofit that aims to combat climate change by harnessing the power of the insurance industry, has been awarded $6.5 million by the New York State Energy Research and Development Authority (NYSERDA) to fund insurance innovators who are developing products and solutions to address climate risk challenges.
Majesco Announces New Digital Payment Offering for P&C Claims Customers
Majesco, a global leader in cloud insurance platform software for insurance business transformation, has announced a new digital payment offering for its Majesco Claims for Property & Casualty (P&C) customers.
ITI USA 2023 Confirms Panel on Cyber Insurance: At-Bay, Cowbell, NFP & Mulberri included
Insurtech Insights has confirmed its expert speaker panel on ‘The Technologies Creating a Dynamic Cyber Insurance Strategy,’ which will see At-Bay, Mulberri, NFP and Cowbell leaders talk tech and innovation on the main stage
The Hanover Group Launches New CyberSecure Program for Commercial Lines Customers
The Hanover Insurance Group, Inc. has introduced its Hanover CyberSecure Program, a comprehensive set of cybersecurity services for its Commercial Lines cyber customers.
Coalition Launches New Cyber Solution CoalitionAI Chatbot for Brokers and Businesses
The CoalitionAI dashboard is now accessible to several US brokers and will answer questions about cybersecurity best practices, cyber policy coverage options, and more
Sayata Launches At-Bay’s Admitted Cyber Insurance Solution for SMBs
Insurance marketplace Sayata, has announced the addition of At-Bay’s Admitted Cyber insurance onto its platform.
Anansi Partners with Wowcher; Embeds Digital Insurance into their Shipping Process
Anansi partners with Wowcher to embed digital goods-in-transit insurance into their shipping process
Sproutt Launches SmartLife for Agencies and Announces Reder Agency Acquisition
Sproutt, the life insurance company that modernises life insurance for agencies, agents, and their customers, has announced the launch of Sproutt SmartLife for Agencies.
Employer Health Benefits Provider Gravie Raises $179 Million in Latest Funding Round
Gravie, a provider of employer health benefits, has secured a $179 million equity investment led by General Atlantic, a growth equity investor. FirstMark Capital and AXA Venture Partners, Gravie’s existing investors, are also participating in the funding round.
DeFi Insurance Payouts Rose to $34.4M in 2022, Says New Report
Ninety percent of all DeFi insurance claims paid out since inception were distributed in 2022, according to OpenCover.
Insurtech Fuse Hits More Than $200M Gross Written Premium in 2022
Indonesian insurtech company Fuse announced Tuesday that it achieved more than 150 million policies in 2022, with gross written premium (GWP) exceeding $200 million.
Generali UK makes Supercede its Reinsurance Technology Provider Following Successful UK Trial
Generali UK Branch has chosen to prepare and manage its reinsurance data with leading reinsurance software provider Supercede, including data cleansing, preparation, and validation. This will significantly speed up the process and reduce manual processing time.
Coalition Proves Cyber is Insurable via New Method for Modelling Risk
Coalition’s new Active Cyber Risk Model simulates aggregate risk for 5,000 companies, extrapolated to an estimated $29.8 billion in total losses to the U.S. economy
Swiss Re Warns Inflation is Placing P&C Insurers Under Increasing Pressure
Swiss Re’s experts have warned that pressure as a result of inflation is being placed on P&C reinsurers and insurers over the next 12 months and this will impact claims growth.
Netradyne Partners with Cover Whale to Provide High-Tech Dash Cams for Customers
Netradyne, an SaaS provider of artificial intelligence (AI) and edge computing solutions focused on safety and driver coaching for commercial fleets, announced its partnership with Cover Whale Insurance Solutions, Inc., a commercial trucking insurance provider and fast-growing insurtech.
Coalition enters UK excess cyber market
Coalition, a provider of active cyber insurance, has announced its entry into the excess cyber insurance market in the United Kingdom.
Chubb partners with Vietnam bank for new insurance products
Global insurer Chubb has partnered with Vietnam Technological and Commercial Joint Stock Bank (Techcombank), one of the largest retail banks in the country, for a five-year partnership to co-create innovative insurance products.
Chubb Introduces Chubb Climate+
Chubb today announced the name for the new global climate business unit the company launched last month: Chubb Climate+. In addition, Chubb announced the appointment of three executives who have joined the business unit’s leadership team.
WhenFresh launches cladding dataset
A new cladding dataset has been developed to enable insurers to better understand property risk across their policy portfolio and drive more accurately priced, instant quotes for new insurance applications.
Branch Launches In Three New States and D.C.
Branch®, a full-stack insurance company that uses data, technology, and automation to make home and auto insurance simpler to buy and less expensive, announced it has launched in D.C., Georgia, Massachusetts, and Mississippi.
Socotra to Expand in Europe
The vendor is targeting European expansion for its global growth strategy, meeting accelerated demand for its API-driven, cloud technology in U.K., DACH, France and other territories.
Allianz Care and Engage Health Group launch fairer global health insurance scheme
Award-winning employee benefits broker, Engage Health Group, has teamed up with Allianz Care to launch a new health insurance product for UK start-ups and tech companies with an international workforce.
Echo Global Logistics Launches Integrated Shipper Insurance, EchoInsure+
This new offering,allows clients to receive an extra layer of protection on their shipments, while increasing efficiency and providing faster resolution.
Hub launches shopping center insurance
The broking giant Hub International Limited has announced the launch of Hub Shopping Center Insurance for multi-tenant shopping centers in the US.
WeBuy75.com Launches Advanced Life Expectancy Calculator for Life Insurance Industry
WeBuy75.com, a life settlement consulting firm, recently launched a new version of its life expectancy calculator, explicitly tailored to the life insurance industry.
Branch Insurance launches condo product
Startup insurance provider Branch Insurance has announced that it has launched condo insurance, expanding its array of instantly bindable insurance products.
Liberty Mutual creates Global Cyber Office
Liberty Mutual Insurance has announced the launch of a Global Risk Solutions (GRS) Global Cyber Office and the appointments of several industry experts to leadership roles.
Aon launches small business cyber coverage brokerage
Aon announced the launch of CyFi, a broking center designed to negotiate and execute cyber and management liability insurance lines for small commercial businesses.
Assurant launches auto product suite, digital experience
Assurant announced the introduction of its new suite of vehicle products, Assurant Vehicle Care, that offers legacy protection products and digital tools to help customers manage their policies and protect their vehicles, including vehicle service contracts, guaranteed asset protection and prepaid vehicle maintenance. The new portfolio of products brings about an enhanced digital experience with the Vehicle Care by Assurant app and the Assurant Vehicle Care website.
Berkley Re Solutions Partners With Barton Mutual Insurance Company
Berkley Re Solutions today announced a partnership with Barton Mutual Insurance Company to introduce a first-of-its-kind coverage for individuals and families who experience traumatic events.
Munich Re announces cyber risk management program
Munich Re Specialty Insurance (MRSI) has announced the launch of Reflex, a customized cyber risk management program.
ARAG makes its debut on Acturis platform
Legal expenses insurer ARAG plc has made some of its more popular insurance products available on the Acturis platform.
Do you have news you would like to share with the World's Largest Insurtech Community?
Please feel free to send us an email
news@insurtechinsights.com
