TDI Daily Newswire - 20th December 2021

Published: Mon, 12/20/21

Welcome to The Digital Insurer Newswire, a daily updated selection of curated InsurTech and digital insurance news from around the web.

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Zing Health receives strategic investment

Zing Health, a Medicare Advantage insurance company, announced that Town Hall Ventures and Leavitt Equity Partners have made a substantial minority investment in the company. Zing Health intends to use the proceeds from the $25 million investment to accelerate its growth and develop new business partnerships that align with its health equity mission.

COVERAGER

Allianz to leverage AI-driven risk processing from insurtech Cytora

Allianz SE has announced an agreement with London-based insurtech Cytora that will see the former integrate AI-based digital risk processing solutions into its commercial insurance business. It’s hoped the move will improve Allianz’ margins by enabling better risk selection.

REINSURANCE NEWS

Innoveo and Techforce.ai Partner to Drive Adoption of Intelligent Automation

Innoveo, a global technology firm and a pioneer in enterprise no-code solutions today announced a strategic partnership with Techforce.ai, a digital enablement software company. As a result of the partnership, the two companies say they will jointly work with enterprises to deploy next-gen capabilities and build the workplace of the future.

IIR

Farmers Edge Inc. Announces Establishment of DigiAg Risk Management Subsidiary

Farmers Edge Inc., a pure-play digital agriculture company, is pleased to announce the creation of DigiAg Risk Management Inc. (DigiAg), a wholly-owned subsidiary of Farmers Edge. This new unit will provide farmers across Canada with innovative parametric insurance products, unique risk transfer solutions, and comprehensive group benefits.

BUSINESSWIRE

Health insurance start-up Plum enters new partnership with Razorpay

Indian health insurance start-up Plum has entered into another partnership with payments solution Razorpay. The new collaboration with Razorpay Rize, a launchpad for new entrepreneurs, will enable Plum to offer health benefits to early stage start-ups.

LIFE INSURANCE INTERNATIONAL

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