Category : Insurtech (Insure Tech)

Usage-based car cover platform created

The proposition has been developed by By Miles founder, Callum Rimmer, for insurers and brokers to offer access to usage-based cover to the motor market.

FloodFlash pays Storm Christoph claims on same day

Parametric insurtech firm FloodFlash has issued pay-outs to policyholders affected by flooding from Storm Christoph, in many cases on the same day as the flooding occurred. The fastest claims took just 9 hours and 44 minutes from the property floodin...

Pacific Life Re partners with data analytics firm Sapientus

Life reinsurer Pacific Life Re is partnering with data analytics firm Sapientus to enhance the efficiency and effectiveness of its insurance solutions for the Chinese market. Sapientus is part of China-based mobile services and data firm FingerMotion...

SCOR launches machine learning-driven biometric risk calculator

Reinsurance giant SCOR has announced the launch of Vitae, an automated biometric risk calculator that employs machine learning techniques. The tool is designed to enable more accurate risk assessment based on a wider array of medical factors and simp...

How brokers can stay relevant in the shared economy

Ian Sweeney, SVP & GM of Trōv Mobility, offers us the inside track on Trōv’s evolution from a direct to broker proposition and shares his thoughts on what brokers must do to take advantage of the opportunities in the sharing economy.

Blog: How brokers can stay relevant in the shared economy

ACORD launches accounting platform

International standard-setting body for the insurance sector ACORD has announced that its subsidiary, ACORD Solutions Group (ASG), has implemented its ADEPT platform to perform automated, real-time premium accounting reconciliation between insurers a...

Stable launches collateralised insurer in Bermuda

Commodity risk insurtech Stable has launched a collateralised insurer to help protect global food and farming businesses from volatile commodity prices. Stable leverages its proprietary data science platform to address the $5 trillion of untraded or...

SCOR to provide AI-powered life insurance products with Bayer, One Drop

SCOR is partnering with life science company Bayer and One Drop, a provider of digital solutions for people living with diabetes and other chronic conditions, to create an AI-powered digital health platform to life insurance carriers and policyholder...

Aventus launches Aggregator API

The product is aimed at brokers and integrates with a wide range of price comparison websites.

THB places first risk with Global Health Risk Facility via Syndicate 1796

Specialist re/insurance broker THB has placed the first risk with the newly launched Global Health Risk Facility (GHRF). A public-private collaboration developed by insurtech Parsyl, GHRF is designed to help protect and support the global distributio...

Insurtech Bold Penguin acquired by American Family

Property/casualty insurance group American Family has announced the acquisition of Bold Penguin, an insurtech firm focused on providing cover to small businesses. Bold Penguin will become a subsidiary of the American Family Insurance group but will m...

Lemonade targets $544.5mn from upsized share offering

Insurtech start-up Lemonade intends to offer 3,300,000 shares of its common stock for sale in an underwritten public offering, resulting in net proceeds of up to $544.5 million. The net proceeds from the offering is based on a public offering price o...

Howden Group’s HX partners with expert.ai

HX, the data and analytics division of Howden Group, has announced a partnership with expert.ai to augment its data analytics services. Expert.ai’s underwriting is aligned with HX’s aim to help insurers, re-insurers, corporates and brokers maxi...

Munich Re Automation Solutions enters partnership with MetLife Gulf

Munich Re Automation Solutions, a subsidiary of the global reinsurer, has entered a partnership with MetLife Gulf to allow the implementation of its ALLFINANZ solution. It’s hoped that adopting ALLFINANZ will enable brokers, agents, and Bancass...