TDI Daily Newswire - 15th April 2021

Published: Thu, 04/15/21

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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Willis Towers Watson unveils new tool to manage climate risk

Willis Towers Watson (WTW) has expanded its climate offering with the launch of a new global modelling tool called Climate Diagnostic. Leveraging advanced data and analytics, The modelling displays how the changes can affect specific properties, allowing clients to mitigate risk accordingly across their property portfolios and key locations globally.

LIFE INSURANCE INTERNATIONAL

Linux Foundation launches blockchain-based platform for insurance

The Linux Foundation and the American Association of Insurance Services are co-launching a blockchain-based platform to help the insurance industry. A project that aims to reduce the cost of insurance reporting and create a standardized insurance data repository using distributed ledger technology.

COINTELEGRAPH

FRISS Acquires Terrene Labs to Expand Underwriting Capabilities

FRISS, a provider of AI-powered fraud, risk and compliance solutions for property/casualty insurance carriers, today announced the acquisition of Terrene Labs. Through the acquisition commercial lines underwriters at FRISS clients will have access to actionable insights within just 5 seconds, replacing a manual and limited enrichment process that previously took up to a week and delayed policies for quality customers.

IIR

Unica Insurance launches industry-first production API for small business commercial quote

Unica Insurance announces the launch of the industry’s first production API that enables real-time small business commercial quotes directly in the Broker Management System.

CANADIAN UNDERWRITER

Bharti Axa Life insurance estabilishes bancassurance partnership

Bharti Axa Life and Fincare Small Finance Bank have joined hands for a bancassurance partnership under which the bank will sell insurance policies to its customers. Under the partnership, Bharti AXA Life Insurance will offer its comprehensive suite of life insurance products, including protection, savings and investment plans, to the customers of Fincare Small Finance Bank.

UNI

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