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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Today’s top selected digital insurance content
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| | Sydney-based insurtech Open Insurance raised $31 million in a series B funding round from international investors, led by Movac (NZ) with Latitude (UK) and returning investor AirTree Ventures (AU). To date the company has raised $53 million.
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Duck Creek Technologies has announced that Accurate Background, a provider of compliance, background checks, drug and health screening, and Form I-9 verifications, has joined the company’s Partner Ecosystem. Accurate Background provides a seamless integration that can connect Duck Creek customers with Accurate’s complete portfolio of employment screening services.
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| | Arch Capital Group has completed the acquisition of Westpac Lenders Mortgage Insurance. Arch Capital Group will combine the operations of WLMI with its existing Australian LMI arm, Arch LMI.
LIFE INSURANCE INTERNATIONAL
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| | Ascot Group, the specialist global insurance and reinsurance underwriter owned by CPP Investments, the investment arm of the Canada Pension Plan, has announced the launch of Ascot Reinsurance (Ascot Re) as it looks to consolidate its reinsurance underwriting operations.
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| | Carrot General Insurance and Korea Expressway Corporation have agreed to co-develop a driver coaching platform in a bid to foster a safer driving culture. Known as SMART Safe Drive Assist, the score-based driver guidance platform will use a telematics device and provide driving scores, coaching,
guidance, and danger alerts.
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