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WTW launches innovative ESG Clarified™ Platform
WTW’s ESG Clarified joins the company’s market-leading analytics suite of offerings available through the RiskIQ platform.
Swiss Re Corporate Solutions extends PULSE & Network services to UNIQA
Swiss Re Corporate Insurance has announced that it will provide PULSE & Network to the UNIQA Group, giving UNIQA access to a single digital platform that will manage and deliver structured and compliant international programs for them.
Coalition Launches New Insurance Carrier Business
Active cyber insurance provider Coalition has announced that it has launched its own full-stack insurance carrier called Coalition Insurance Company (CIC).
Getsafe expands to France starting with home insurance
German insurtech startup Getsafe is adding a fourth market with today’s product launch. In addition to Germany, Austria and the U.K., Getsafe is now going to offer insurance products in France. The company will first offer a home insurance product.
Appian Releases Connected Underwriting to Equip Insurers with Speed and Precision
The prebuilt solution empowers insurers to reduce time to quote, minimize risk, improve profitability, and elevate the customer experience.
Aviva launches the Foundry to build Norfolk’s digital workforce
Today Aviva launches the Foundry, a Norwich based initiative dedicated to building the region’s digital workforce.
Cowbell Launches “Cowbell Academy”, New eLearning Center Dedicated to Cyber Insurance
With 48% of insurance brokers and agents uncomfortable explaining cyber insurance to their clients, Academy strengthens insurance brokers’ knowledge of standalone cyber insurance
The Hanover Expands Casualty Offerings
The Hanover Insurance Group, Inc. (NYSE: THG) today announced the launch of a specialty general liability offering.
insured.io Introduces Payment Center
insured.io, a provider of cloud-based, customer engagement solutions for the insurance industry, is pleased to announce the availability of a new payment processing feature, Payment Center, which is seamlessly integrated into the company’s Insured Portal.
Aviva India Launches Aviva Signature Investment Plan
Aviva Life Insurance, India’s most trusted private life insurance company, announced the launch of Aviva Signature Investment Plan, a Unit Linked Non-Participating Individual Life Insurance Plan. The plan is crafted keeping in mind the needs of Millennial and GenX customers.
Stone Ridge backs $100m retro cyber quota share for Hannover Re
Stone Ridge Asset Management, the New York based asset manager an alternative risk premia focus, including reinsurance and insurance-linked securities (ILS), has provided US $100 million in capital to support an innovative retrocession cyber quota share arrangement for global reinsurance firm Hannover Re.
New aviation reinsurer arrives
Alternative investment manager Castlelake has created Itasca Re Limited, a reinsurer that will offer insurance financing solutions to commercial aircraft assets owners and buyers.
SunLife and Swiss Re’s iptiQ launch digital ‘over 50s’ life insurance solution in the UK
SunLife, part of Phoenix Group, and iptiQ, Swiss Re’s digital B2B2C insurer launch an innovative life insurance product for UK-based customers aged 50 years and above. The new solution runs on a digital end-to-end platform and accelerates claims processing with customer-focused features.
LEADER BANK LAUNCHES NEW SUBSIDIARY, LEADER INSURANCE LLC
Leader Bank, N.A. is excited to announce the launch of its new subsidiary, Leader Insurance LLC, in an effort to streamline the home buying process for its clients by providing property, auto, and umbrella insurance policies.
Turkey’s largest fintech Papara drives expansion with launch of insurance products
Papara, the market-leading Turkish fintech, today announces the launch of its insurance arm, bringing affordable, fair and fast insurance to users in Turkey.
At-Bay Launches New Admitted Cyber Insurance Product for Small Businesses
At-Bay, the leading insurance provider for the digital age, today announced the launch of a new admitted cyber insurance product.
Idelic Launches Idelic Insurance Agency for Fleets Seeking an Innovative Approach to Lowering Risk
Idelic Inc, an insurtech solution, launches new insurance agency offering for commercial auto fleets using Idelic’s Safety Suite® and Driver Safety Playbooks.
Liberty Mutual considers $1 billion Latin America sale
Liberty Mutual Holding Co. is exploring a sale of its Latin America businesses as part of the US insurer’s divestment plans from non-core markets, according to people with knowledge of the matter.
Arthur J. Gallagher & Co. Acquires First Ireland Risk Management Limited
Arthur J. Gallagher & Co. today announced the acquisition of Dublin, Ireland-based First Ireland Risk Management Limited (“First Ireland”). Terms of the transaction were not disclosed.
Groundbreaking Insurtech Company FloodFlash Officially Launches in U.S.
Company poised to advance the U.S. flood insurance market with parametric technology that can quickly rejuvenate businesses and livelihoods within days of flooding
Kin Launches Home and Property Insurance in South Carolina
Kin, the direct-to-consumer home insurance company built for every new normal®, today announced its expansion into South Carolina. Kin is entering the Palmetto State to offer a seamless way for homeowners and landlords to protect their most valuable assets, despite being exposed to several risks.
Launch of NZIA Target-Setting Protocol Version 1.0
World-Leading Insurers and United Nations Launch Pioneering Target-Setting Protocol to Accelerate Transition to Net-Zero Economy.
Aviva enters growing offshore wind insurance market
Aviva has reaffirmed its commitment to sustainability by extending its renewable energy insurance offering into the growing offshore wind market.
Insurity Launches New Analytics Feature for Sure Premium Audit
Sure Premium Audit Analytics predictive models enable carriers to find misclassifications and underwriting inconsistencies faster, improving premium auditing efficiency by 15 percent.
Cleartrip launches Pay Later, special fares and medi-cancel
In a bid to make travel more inclusive and accessible to all, Cleartrip, one of India’s fastest-growing OTA players, announced the launch of a host of customer-centric features on its platform.
ZestyAI Announces Agreement with Black Knight to Deliver Powerful Property Risk and Value Insights
The Agreement Extends ZestyAI’s Presence in the Real Estate Market Following Exponential Growth in Property and Casualty Insurance.
Apex, Mosaic, Aon launch fund-insurance platform
Two Bermuda companies are teaming up with multinational financial services firm Aon PLC to launch Apex Protect, a company offering specialty directors and officers for funds.
Choice Mutual Insurance Agency Expanding Its Business in Selling Final Expense Insurance Policy
hoice Mutual shares its total commitment to selling final expense life insurance, which is commonly referred to as burial, mortuary, incineration, and end-of-life insurance.
battleface launches Robin Assist, Travel Insurance as a Service
Travel insurance provider battleface today announced the launch of Robin Assist, a new tech-driven platform as a service. Built for insurance carriers, brokers, managing general agents (MGAs) and self-insured enterprise partners, the global API-driven insurtech platform supports travel insurance via responsive 24/7 customer service, emergency medical assistance services and claims.
Cover Genius Partners with HomeToGo to Provide Embedded Protection for Short-Term Rentals
Cover Genius, the leading insurtech for embedded protection, today announced it is partnering with HomeToGo, the marketplace with the world’s largest selection of vacation rentals, to simplify the short-term rental experience with comprehensive embedded protection
Zurich and ICS launch group captive for sustainability-minded companies
Envision Re, Ltd., will bring together businesses that want to optimize their risk management programs while reducing their carbon footprint.
Gallagher Launches New Middle East Energy/Power Operation
Gallagher today announced it is launching energy and power risk services for clients in the Middle East. To lead this new practice, Gallagher has appointed Jack Wishart as Divisional Director & Head of Risk Engineering for the region. Currently Vice President, Risk Engineer, at Marsh in the UAE, he will join Gallagher in February 2023, and play a key role in expanding Gallagher’s energy and power offering.
Bolttech Partners With AIS in Thailand
International insurtech, bolttech, and Thailand’s leading mobile network operator, AIS, have partnered to deliver embedded protection services including mobile device switch and replacement services to AIS customers for the recently-launched AIS Care+ programme.
Core Specialty Announces Excess Liability Program with Synchronosure
Core Specialty Insurance Holdings, Inc. and its subsidiaries (“Core Specialty” or the “Company”) announced today the launch of a new excess liability program, in conjunction with Synchrono Group Inc. (“Synchronosure”). The program provides up to $5 million in excess liability coverage, attaching at $11 million and higher, to small and middle-market businesses operating within over 550 industry class codes. The program will be available nationwide on a non-admitted basis, exclusively through Synchronosure
AALL Insurance Expands to Chandler, AZ, Offering Bilingual Customer Service and Local Expertise
For over four decades, AALL Insurance has been helping Arizona residents find the right coverage at the best price and have expanded to serve the Chandler community.
ALLIANZ TRADE, SANTANDER CIB & TWO PARTNERED TO DEVELOP A NEW B2B BNPL SOLUTION
Allianz Trade, the world leader in trade credit insurance, Two, the pioneering business-to-business (B2B) e-commerce payments platform, and Santander Corporate & Investment Banking (CIB), one of the Top Trade Finance banks in the banking sector, have partnered to provide the first global B2B Buy Now Pay Later (BNPL) solution for large multinational corporates.
Berkshire Hathaway Specialty Insurance Announces New Leadership Roles in UK Executive
Berkshire Hathaway Specialty Insurance (BHSI) has announced the following leadership appointments in its UK Executive & Professional Lines business: Jess Kirby has been named Head of Executive & Professional Lines, responsible for the management and leadership of BHSI’s Commercial Management Liability, Financial Institutions and Professional Indemnity businesses.
Chubb unveils global climate business unit
Chubb has announced the launch of a global climate business unit dedicated to tackling the impact of climate change and working toward the goal of a net zero future.
OKX Ventures and Neptune Mutual Launch First OKX Cover Pool
OKX Ventures, the venture arm of world-leading cryptocurrency platform OKX, and crypto hedging protocol Neptune Mutual today announced a partnership to deliver OKX’s first-ever cover pool. The decentralized cover solution will be listed on Neptune Mutual’s P2P cover marketplace, which offers protection against hacks and attacks in DeFi, CeFi, and metaverse protocols.
AGCS establishes a dedicated ESG organization to drive sustainability leadership
To further drive sustainability together with its customers as well as within its own operations, Allianz Global Corporate & Specialty (AGCS) has established a dedicated in-house organization for Environmental, Social & Governance (ESG) activities including several high-level leadership roles and appointments.
RGA Launches Plan V Care in Partnership with Covéa and Direct Life
Reinsurance Group of America, Incorporated, a leading global life and health reinsurer, together with their global accelerator RGAX LLC, today announced the launch of Plan V Care, a digital cancer-only product designed for women.
J.P. Morgan and Lincoln Financial Merge Insurance Trust Funds
J.P. Morgan Asset Management and Lincoln Financial Group today announced that they have strengthened their partnership to have J.P. Morgan’s world class investment capabilities as part of Lincoln Financial Group’s platform, further enhancing Lincoln’s broad offerings of leading insurance, retirement and variable annuity solutions.
Munich Re to Launch Specialty Insurance Division
Munich Re has decided to establish an additional Board division. With effect from 1 January 2023, various primary insurance businesses of the Group that are part of the reinsurance segment will be managed together in a new Global Specialty Insurance (GSI) division.
Bupa adopts the CoverGo platform to streamline its health insurance ecosystem
Bupa (Asia) Limited, a health insurance specialist, and CoverGo, the leading global no-code insurance SaaS platform for health, P&C, and life, are joining forces to streamline Bupa’s health insurance ecosystem in Hong Kong.
Ford striking up insurtech partnerships
Automaker Ford has been busy in the insurance and insurtech space lately, striking up partnerships with insurtechs Wejo, CerebrumX and J.D. Power-owned ChromeData for telematics and vehicle data functions, plus its foray into commercial insurance with Pie Insurance.
QBE Europe launches warranty and indemnification product; Miller launches D&O product for the UK construction industry
QBE announced for the first time the introduction of warranty and indemnity (W&I) insurance in Europe to further support customers. The new product reflects a greater need for capacity and technical expertise to respond to customer demands and an increased level of mergers and acquisitions in the region.
Conduct code for mutuals launched as ‘traditional’ premiums rise
The Business Council of Co-operatives and Mutuals (BCCM) has prepared its first voluntary code of conduct for operators of discretionary mutual funds (DMFs), amid renewed interest in the risk protection schemes as alternatives to traditional insurance products.
NEXT Insurance Launches Employment Practices Liability Insurance for Restaurants
Next-generation insurtech broadens offerings to support small businesses, particularly those in food & beverage
Safe Security Launches First Cybersecurity MGA to Underwrite Cyber Insurance Based on Continuous “Inside-Out” Cyber Risk Telemetry
Safe Security Inc., global leader in cyber risk quantification and management (CRQM), today launched SafeInside Insurance, the first cybersecurity Managing General Agent (MGA) leveraging API-based cyber risk telemetry and quantified insights to underwrite cyber insurance.
Mitsui Sumitomo Engages Wikifri to Deploy Ceded Reinsurance Platform
Wikifri provided a team of reinsurance subject-matter-experts to manage the program and provide business analyst support and data conversion expertise.
At-Bay introduces MPL coverage via API
Insurance startup At-Bay announced that its Miscellaneous Professional Liability insurance product will now be available via API to wholesale brokers, multi-carrier platform providers, and other distribution partners who service the insurance and small-to-medium sized business community
Roots Automation Closes 2022 with Strong Growth Across Several Areas
$10 Million in Funding, new Patent for AI Technology, Product Innovation, and Executive Hire with Deep AI Experience Mark Another Successful Year for the Company
Legal & General announces first Canadian Pension Risk Transfer transaction
Legal & General Group plc (“Legal & General”) announces that it has agreed its first Pension Risk Transfer (PRT) transaction in Canada for more than CAD $200 million (£114 million). The Canadian PRT market is an attractive and fast-growing market, which has more than doubled in size over the last five years to reach sales in 2018 of CAD $4.6 billion (£2.6 billion).
Insurtech Company Oyster Raises $3.6M
Oyster, an insurance technology company that provides personal insurance through seamless point-of-sale and post-purchase experiences, today announced that it has raised a $3.6 million financing round.
QBE Europe expands financial lines offering with launch of W&I product
QBE has announced the introduction of Warranty and Indemnity (W&I) insurance in Europe for the first time to further support customers.
Descartes launches full-stack parametric insurer, Descartes Insurance
Descartes Underwriting, an insurance technology focused Managing General Agency specializing in parametric and data-driven risk transfer products, announced the launch of a full-stack underwriter called Descartes Insurance.
Chubb to Launch New Technology Hub in Thessaloniki, Greece
Chubb, the world’s largest publicly traded property and casualty insurance company, announced today it will launch a new technology services center in Thessaloniki, Greece in early 2023 to deliver innovative technologies that enhance the customer experience, increase efficiency and accelerate the company’s digital transformation.
Munich Re to launch behavioural rating services platform
Global reinsurer Munich Re and JiuGe Technology, subsidiary of mobile data and services company FingerMotion, are ready to launch their new behavioural rating services platform for commercial use.
RSA to launch new low-carbon underwriting policy
RSA today announced the launch of its new low-carbon underwriting policy, effective 1 January 2023, and a commitment to achieving an underwriting portfolio for energy production that is over 75% low carbon by 2030.
AXA to use telematics to assess taxi fleet
AXA Hong Kong and Macau is working with Chung Shing Taxi and TaxiSafely to launch what it considers Hong Kong’s first Internet of Vehicles (IoV) project.
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