TDI Daily Newswire - 26th August 2021

Published: Thu, 08/26/21

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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BreachQuest Launches to Reimagine Cyber Incident Response with Seed Funding From Founders of Tinder and Lookout

BreachQuest is announcing $4.4M in seed funding raised from Slow Ventures, Tinder Founders Sean Rad and Justin Mateen and Lookout Founder Kevin Mahaffey to accelerate its modernization of incident response. BreachQuest is building the first modern incident response platform.

PR NEWSWIRE

Insurtech ELEMENT and MGA Parametrix Launch Cloud Outage Insurance

ELEMENT, the Berlin-based insurtech, announced a partnership with managing general agent, Parametrix Insurance, launching parametric cloud outage insurance for companies in Germany. The product is designed to cover financial losses due to downtime of third-party IT and cloud infrastructure providers.

INSURANCE JOURNAL

Japan’s Mitsui insurance ups investment in Upstream Security

Japan’s Mitsui Sumitomo Insurance Co. (MSI) has increased its investment in Israeli automotive cybersecurity startup Upstream Security, the companies announced on Tuesday, bringing Upstream’s Series C funding up to $62 million.

THE TIMES OF ISRAEL

Cowbell Cyber Delivers Industry's First Distribution APIs For Instant Cyber Insurance Quoting and Policy Issuance

Cowbell Cyber, the industry's first AI-powered cyber insurance provider for small to medium enterprises (SMEs), today announced the release of application programming interfaces (APIs) for streamlined digital distribution of cyber insurance.

CISION

GuideOne Insurance Announces Alliance with Azuga

GuideOne Insurance has announced an alliance with Azuga, a provider of commercial auto insurance telematics programs. Effective immediately, the relationship allows GuideOne to offer its policyholders with fleet management tools to help them improve driving safety and optimize fleet performance through the carrier’s GuideVantage program.

IIR

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