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.

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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

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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).

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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.

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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.

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