TDI Daily Newswire - 23rd November 2020

Published: Mon, 11/23/20

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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Flyreel Announces $10 Million Series A Financing

Flyreel, creator of an artificial intelligence (AI) solution for residential and commercial property insurance, has closed a $10 million Series A financing. The company reports that it now serves 15 major insurance providers to improve property underwriting, risk management, and claims outcomes.

IIR

Aon and HSCM partner to launch $70m catastrophic cyber product

Aon has tied-up with Hudson Structured Capital Management (HSCM) to roll out a new product to protect re/insurers against systemic and catastrophic cyber events. This cover is designed to protect against increasing cyber loss aggregations.

LIFE INSURANCE INTERNATIONAL

Envista Forensics Acquires Stephenson Consulting Group

Envista Forensics, a leading global provider of forensic consulting services to the insurance, legal, and risk management industries, announced today that it has acquired Stephenson Consulting Group.

CANADIAN UNDERWRITER

ZenBusiness secures $55 million in Series B

Austin-based provider of a micro business management platform ZenBusiness announced the close of a $55 million Series B funding round led by global venture fund Cathay Innovation.

COVERAGER

General Motors Launches Use-Based Auto Insurance With OnStar Vehicle Data

General Motors Co. on Wednesday launched an auto insurance program with the help of its OnStar subsidiary, joining a growing field of companies.

CLAIMS JOURNAL

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