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Cuvva picks Quantee in Pricing In Good Time partnered with Corebridge Financial In Good Time partnered with American-Amicable In Good Time partnered with Occidental Life Insurance Kingstone Insurance picks Earnix in Pricing Orchard Insurance partnered with Credible Insurance Mitsui Sumitomo Insurance partnered with Coalition Poncho raised $617.43K Canara HSBC Life Insurance picks Amazon Web Services in Underwriting Hanwha Life uses Digital Technology in Customer Service Virtus picks Indio Technologies in Sales Fairfax Financial Holdings raised $501.09M Zopper raised $25M Abacus Life raised $100M bolttech raised $50M

Branch Insurance Exchange reports Q3 2024 results

By Avi Ben-Hutta

The reciprocal reported a net underwriting loss of $50.7 million for the nine months of the year.

Investments

Delos raises $7.3 million

By Avi Ben-Hutta ·

Delos claims to leverage wildfire science and satellite imagery to offer home insurance coverage in areas with limited options.

Innovation

Mobiliar introduces Mobi-ChatGPT

By Avi Ben-Hutta ·

Mobi-ChatGPT is based on Microsoft's Azure OpenAI Service.

Investments

Verkor raises €2 billion

By Avi Ben-Hutta ·

The funding consists of €850 million in equity.

Innovation

Envelop Risk launches Cyber Partnership Platforms

By Coverager ·

The initiative is designed to enable cedents to grasp the opportunity cyber presents in a controlled, scalable and profitable way.

Product

Enstar announces adverse development coverage agreement with AIG

By Coverager ·

Per the agreement, Enstar will provide $400 million of adverse development cover in excess of carried loss reserves on assumed reinsurance contracts underwritten by Validus Re.

Technology

Evident launches generative AI solution

By Coverager ·

Evie responds in real time and provides recommended content to both risk managers and all of their business relationships uploading required compliance documentation.

Member News

Insured Nomads announces Partnership with health line of Allianz Partners to Expand Insurance Offerings for Modern Companies & Remote Workers Globally

By Chris Nam ·

The modern company has an unprecedented solution in employee benefits with this collaborative initiative of Insured Nomads and Allianz Partners.

Investments

Kin Insurance raises $33 million

By Avi Ben-Hutta ·

Kin has now raised approximately $265 million in equity funding to date.

Investments

Beam Benefits raises $40 million

By Coverager ·

As background, Beam, formerly Beam Dental, was launched in 2012 as a full stack dental company that looked to incorporate dental hygiene behavior into policy pricing.

Business

Tom Troy joins USAA as chief transformation officer

By Coverager ·

Troy joins USAA from CSAA Insurance Group.

Business

Onto goes into administration

By Avi Ben-Hutta ·

Onto was backed by L&G.

Business

The Hartford introduces new digital submission capabilities

By Coverager ·

The Hartford has expanded its digital capabilities with new submission and quote APIs.

Business

Arch Insurance launches proactive cyber insurance solution

By Coverager ·

Arch CyPro will be distributed through current broker relationships.

Investments

Immix raises $2.7 million

By Avi Ben-Hutta ·

MassMutual Ventures led the round.

Strategy

Aviva to exit Singlife joint venture

By Avi Ben-Hutta ·

The transaction is subject to customary closing conditions.

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Member News

6 Variations on Producer Licensing for Travel Lines

By AgentSync, AgentSync ·

A Cornucopia of Agentic AI Agents: Revolutionizing Industries One Task at a Time

By Robin Roberson, Agentech ·

Bindable partners with Recoop Disaster Insurance

By Mary Clare Riordan, Bindable ·

Leveraging Data Analytics for Risk Management in Insurance with Alexandra Littlejohn

By John Fohr, TrustLayer ·

Cybersecurity in Insurance: Why Your Data and Compliance Can’t Afford to Slip

By AgentSync, AgentSync ·

Ensuring Quality and Compliance with AI in Claims Processing

By Robin Roberson, Agentech ·

Integrating insurance licensing & commissions

By Vertafore ·

Obie Unveils Tenant Legal Liability Policy to Empower Real Estate Investors with Streamlined Tenant Risk Coverage

By Aaron Letzeiser, Obie ·

Onda Selects Five Sigma to Elevate Cyber Claims Handling

By Oded Barak, Five Sigma ·

HAI Group Goes Live on OneShield Enterprise Platform 7, Launching General Liability and Excess Products

By Janice Merkley, OneShield ·

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