Home insurers have struggled to develop products and services designed to maximize customer lifetime value for the growing population of baby boomers migrating from home ownership to renting, a new study by J.D. Power, 2021 U.S. Home Insurance, reveals. About …
Karen Clark & Co. (KCC), the Boston-based catastrophe modeling company, announced it has released Version 1.0 of its high-resolution U.S. Wildfire Model. This advanced and fully probabilistic model provides exceedance probability (EP) curves, probable maximum losses (PMLs), and average annual …
Brit Ltd., the London-based specialty insurer and reinsurer, announced the creation and successful proof-of-concept launch of a proprietary machine-learning algorithm, designed to accelerate the identification of post-catastrophe property damage, based on the use of ultra-high-resolution imagery. This proof of concept …
Cover Whale Insurance Solutions Inc., a Rancho Santa Margarita, Calif.-based insurtech, is partnering with excess and surplus lines insurer Everspan Indemnity Insurance Co., to offer a commercial trucking insurance program. Cover Whale offers underwriting and data tracking via its proprietary …
Great American Insurance Group has introduced a new product offering through PolicySweet, its online offering for small business customers. PolicySweet, which allows small business owners to research, shop, quote and purchase insurance online, is expanding its coverage to include HomeHQSM, …
Bermuda’s Vantage Group Holdings Ltd. is introducing new product offerings in healthcare and excess casualty. Vantage was established in late 2020 and began writing reinsurance risk on January 1, 2021, through its Bermuda company, Vantage Risk Ltd. Vantage has since …
Notting Hill Risk Retention Group, LLC has launched a new Healthcare Facilities Program designed to meet the needs of skilled nursing, residential care, assisted living and independent living facilities as well as home care and hospice facilities, The program is …
ELEMENT, the Berlin-based insurtech, announced a partnership with managing general agent, Parametrix Insurance, launching parametric cloud outage insurance for companies in Germany. The product is designed to cover financial losses due to downtime of third-party IT and cloud infrastructure providers. …
Mosaic Insurance and DXC Technology announced the launch of an insurance technology platform that increases the speed at which specialty insurance is sold, underwritten and serviced. Together with DXC’s business-process expertise and technology, Mosaic, the Bermuda-based specialty insurer, aims to …
TechAssure has announced a partnership with RiskAnalytics and ICE Cybersecurity to launch an exclusive cyber insurance option called The ShadowNet Program, a real-time, proactive cyber intelligence service. Using RiskAnalytics’ proprietary cybersecurity solutions, and ICE Cybersecurity’s assessment and analytics platform, insureds …
