TDI Daily Newswire - 13th October 2020

Published: Tue, 10/13/20

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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Dai-ichi Life Holdings joins Axell’s innovation hub to connect to Israeli technology

Japanese life insurer, Dai-ichi Life Holdings has become Axell’s latest innovation hub member as the two organizations broker a deal to connect Japan with Tel Aviv’s thriving innovation community.

AXELL

Swiss Re and Daimler launch mobility MGA Movinx

Swiss Re and Daimler Insurance Services have launched a 50/50 joint venture Movinx to develop digital automotive and mobility insurance products. The Berlin-based company plans to launch its first product in France in 2021.

COVERAGER

Arch Capital to snap up Watford for $622m

Arch Capital Group has entered into an a definitive agreement to acquire Watford in an all-cash transaction valued at around $622m. Watford will continue to operate as a standalone business and remain consolidated within Arch’s financials after the closing of the transaction.

LIFE INSURANCE INTERNATIONAL

Progressive Integrates Home Insurance Quoting Into Mortgage Lending Program

Progressive Insurance is serving home buyers in the digital mortgage process and using information they’ve already entered for their loans to serve up homeowners’ insurance quotes with a single click. Working with mobile-first digital mortgage software company StreamLoan, the insurer is extending its HomeQuote Explorer platform.

INSURANCE JOURNAL

Mobilitas Insurance’s Launch Marks CSAA’s Entry into Commercial Insurance

CSAA is no longer limited to selling auto insurance the company now does significant business in homeowners. However, both to broaden the types of risk it takes on and to take advantage of new markets, the company has launched a new insurance carrier subsidiary Mobilitas Insurance as its departure into commercial insurance.

IIR

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