Innovation
W.R Berkley, Travelers, GEICO Among 12 New Members of The Institutes RiskBlock Alliance
Twelve more companies have joined The Institutes RiskBlock Alliance, which is billed as the risk management and insurance industry's first enterprise-level blockchain consortium. The membership level ...
A Quantum Computing Startup With an Eye on Insurance Raises $2M
A Canadian company developing quantum intelligence for insurance and other industry sectors has raised a $2 million seed round of financing. Qindom, based in Toronto, raised the funding from an ...
The Latest Launches From Starr Companies, AIR Worldwide and Church Mutual
Starr Companies plans to underwrite an insurance product designed for a particular Canadian visa program. AIR Worldwide released an updated U.S. wildfire model. Church Mutual, meanwhile, is teaming ...
Stock for UK’s Esure Soars on Possible $1.5B Bain Capital Offer
Britain's esure is in advanced talks over a possible 1.17 billion pound ($1.49 billion) bid from Bain Capital Private Equity, the insurance company said on Monday, sending its shares more than 30 ...
‘Killer Apps’ and the Amazon Effect on Legacy Carriers
Once upon a time, in 1994, Amazon entered the commercial marketplace as an online bookstore. While Amazon was not the first company to offer this service, it was the first to offer to deliver any ...
The Latest Launches From OneBeacon and Embroker
A division of OneBeacon Insurance Group debuted new policy forms designed to deliver more comprehensive coverage to a broad range of organizations. Embroker launched a fully digital directors and ...
Tokio Marine, a Metromile Investor, Licenses Its AI Claims Platform Tech
Tokio Marine Holdings, the Japanese insurance giant, is the first carrier to license Metromile's artificial intelligence-driven automated claims processing platform. The deal, announced Aug. 7, comes ...
The Latest Launches From Beazley and QBE North America
Beazley has a new consortium at Lloyd's designed to boost capacity for wage & hour risks. QBE North America expanded its operating agreement with a specialist professional liability managing ...