Motus Insurance Services LLC added Beazley PLC via BHI Digital to provide an elective earthquake program for residential and commercial associations.
Beazley is a publicly traded company with more than $3 billion in premium. It will give residential associations and their individual unit owners access to a catastrophic deductible buydown insurance provider, adding more flexibility to the Motus product set with a carrier that can underwrite this targeted risk.
Motus was founded to provide residential association boards and membership with a custom elective earthquake insurance program that offers individual unit owners the benefits of commercial underwriting and commercial coverages without placing a burden on the association budget. The Motus Opt-in Earthquake Program offers an option for associations struggling to manage risks within challenging financial constraints.
Each Motus program is custom-built based on the specific exposures of the association. Once the board approves the Motus program for their association, each unit owner then has the option to purchase their pro-rated share of a master policy, covering unit interiors, residential buildings and common areas.
Coalition launched Active Insurance, a new tech-powered model for insurance and risk management designed to prevent digital risk. With Coalition’s Active Cyber Insurance and Active Executive Risk Insurance, brokers and policyholders can access a live view of current risks and receive updates as risk levels change.
Coalition’s Active Insurance model provides technology and support before, during, and after an incident occurs. It includes data and artificial intelligence providing near real-time snapshots of an organization’s digital risks, continuous scanning and monitoring of digital assets and other risk factors associated with cyber and executive risks, providing personalized alerts for critical issues, and support and guidance from an in-house team of experts who can respond to incidents as they occur.
Coalition Active Cyber policies already include monitoring and alerting accessible directly on Coalition’s website, and Active Executive Risk policies offer downloadable risk assessments.
Coalition was founded in 2017 and provides cyber, executive risks, and property/casualty insurance policies paired with active risk assessment and monitoring technology to help small and medium-sized organizations protect themselves in a digital world.
Data integrity provider Precisely announced the launch of Property Graph, the newest addition to its Precisely Addresses product family.
The product aims to make it more efficient to see the relationships between data related to buildings, parcels, property attributes, addresses, and points of interest.
Property Graph can be leveraged by a variety of industries that require a comprehensive view of a property to accelerate decision making, grow revenue, and reduce business risk, including telecommunications, public sector, insurance, and real estate, according to a company press release.
Sources: Motus Insurance Services, Coalition, Precisely