Innovation
InsurTechs, Mutual Insurers Gain Plenty by Joining Forces: A.M. Best
Technology-oriented insurance startups and established small mutual property/casualty insurers may find they are better off partnering than competing. Mutual P/C insurance companies continue to face ...
Fitbit Needed: John Hancock Moving Fully to Interactive Life Insurance Dependent on Devices
John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health ...
Assurant Invests in Mojio, a Startup Focused on Building Connected Car Services
Assurant, a niche market specialty insurer, has invested in a technology startup focused on connected car services. The New York-based company declined to disclose the level of investment in Mojio, a ...
VW Reportedly Talking With Rivals About Common Self-Driving Car Standards
Germany's Volkswagen is in talks with other carmakers to set common standards for self-driving vehicle technology, Automotive News reported on Friday. The Volkswagen Group is discussing the ...
The Latest Launches From MS Amlin/Envelop Risk and Verisk’s PCS
MS Amlin and Envelop Risk formed a new underwriting partnership focused on cyber reinsurance. Verisk's Property Claim Services beefed up its PCS Global Cyber service with coverage for cyber ...
Digital Carrier Next Insurance Starts Offering Commercial Auto Insurance Policy
Digital carrier startup Next Insurance is debuting its first commercial auto insurance policy. Small businesses can now purchase a commercial car insurance policy separately from Next, or at a ...
Monte Carlo Dispatch: Industry Blockchain Initiative B3i Irons Out Platform Kinks
The industry's Blockchain Insurance Industry Initiative (B3i) announced a year ago it had developed a reinsurance blockchain prototype for a property excess-of-loss (XOL) contract and asked the ...
New Guy Carpenter Subsidiary Manages Carrier Quest for Global InsurTech Partners
InsurTech is often touted as the cure that will solve the insurance industry's inefficient and antiquated processes—from distribution to underwriting to claims. While many insurers want to ...