TDI Daily Newswire - 05th April 2021

Published: Mon, 04/05/21

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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London Underwriters turns to INSTANDA to launch new insurtech

Insurance wholesale broker London Underwriters has tapped cloud-native insurance solutions provider INSTANDA to launch a new insurtech, operating under the name Bunch Insurance.

LIFE INSURANCE INTERNATIONAL

SimpliSafe and Farmers to provide smart home security systems

Provider of home security solutions SimpliSafe has partnered with Farmers to make preventative smart home protection available to homeowners. The pilot effort aims to help insured homeowners protect their homes in those three states against theft, fire and water damage, while also providing them with potential savings on their homeowners insurance policies.

COVERAGER

Aclaimant Raises $15 million in Series B Financing

Aclaimant, an insight-driven workflow platform for safety and risk management, has announced that it has raised $15 million in Series B equity and debt funding led by Next Coast Ventures, bringing the company’s total funds raised to over $20 million. Adam Rogers, former CEO of Ultimate Software, and existing investors Mercury Fund, KEC Ventures, Royal Street Ventures, and Aspen Capital Group also participated in the round.

IIR

AXA Malaysia launches benefit in event of total vehicle loss

AXA Affin General Insurance has launched Guaranteed Asset Protection – Return to Insured Value (GAP-RTIV), a plan that protects the full value of a vehicle in the event of a total loss incident.

INSURANCE BUSINESS

Sompo International builds strategic distribution team

Sompo International is building out its strategic distribution capabilities with two new hires. Maxine Goddard has joined the company’s international insurance strategic distribution and development team as senior vice-president, and Rachael Dobie has joined as assistant vice-president, strategic distribution and development for international insurance.

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