Zesty.ai, an InsurTech providing AI-driven insurance and climate risk analytics, has launched of Z-3D, which the vendor pitches the insurance industry’s first 3D property intelligence system.
Salty Dot announced $16 million in total funding. Founded in 2019, the company offers a platform to allow carriers and distribution partners to offer insurance in real-time during the purchase process.
ICICI Prudential Life Insurance has signed an agreement to enable the distribution of its offerings through RBL Bank’s branches and digital channels. Under the bancassurance agreement, the insurer’s products will be sold via RBL Bank’s internet and mobile banking touch-points.
The Blockchain Insurance Industry Initiative (B3i) and msg, a German IT consulting and system integration company, have entered into a strategic partnership to develop reinsurance solutions based on distributed ledger technology (DLT).
Zurich Insurance subsidiary Farmers Group and Farmers Exchanges have agreed to buy MetLife’s US P&C business for $3.94bn. Zurich will pay $2.43bn and Farmers Exchanges $1.51bn. The transaction is subject to regulatory approval and is anticipated to occur in the second quarter of 2021.
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