The Fortegra Group, Inc., a global specialty insurer and subsidiary of Tiptree Inc., announced the launch of a catalytic converter theft deterrent product under the company’s Smart AutoCare brand. This limited warranty is designed to protect U.S. car owners against the rising threat of catalytic converter thefts.
Along with the heightened protection, purchasers of this limited warranty will have access to a theft deterrent system. This tamperproof and permanent seal makes the converter identifiable to law enforcement and reputable scrap dealers via a registration number.
Smart AutoCare is the brand name for the vehicle service contract operations and the warranty, F&I and reinsurance services of the subsidiaries of Fortegra Warranty Holdings LLC, a Fortegra company. For more than 40 years, Fortegra and its subsidiaries have underwritten risk management services. As a global specialty insurer, it offers a set of admitted and surplus insurance products and warranty services.
Embroker, a digital platform focused on business insurance, introduced ONE by Embroker, a universal application that utilizes artificial intelligence and machine-learning technologies to generate business insurance products tailored to specific industry needs.
Embroker’s ONE technology leverages 14 questions and learns from data points provided by founders. It generates up to four quotes specific to the coverage individual businesses need. These coverages include employment practices liability, tech errors and omissions, fiduciary liability, and directors and officers insurance.
Embroker focuses on industry-specific coverage for complex lines of insurance, such as directors and officers, employment practices liability, cyber, and professional liability. It uses predictive modeling powered by proprietary technology to automate underwriting, and through Embroker Access, it provides partner agencies and wholesalers with the capability to offer all of Embroker’s insurance products to their customers. Founded in 2015, Embroker is headquartered in San Francisco, California.
kWh Analytics, a provider of climate insurance, announced the launch of its property insurance for renewable energy assets with capacity partner Aspen Insurance.
This new product provides coverage against physical damage for solar and other renewable projects in an effort to introduce capacity to the industry.
In addition to its insurance products, kWh Analytics is leveraging data to encourage resilient design practices. By evaluating historical operating data, the company is able to identify the most common failure modes among existing solar PV projects. The findings, which are incorporated in the Renewable Energy Property Product underwriting, will be distributed to the company’s clients and broadly to manufacturers, operators, carrier partners, and investors to reinforce the further development of sustainable solar projects.
Sources: The Fortegra Group, Embroker, kWh Analytics