TDI Daily Newswire - 19th October 2021

Published: Tue, 10/19/21

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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MSIG Introduces SME Group Medical Insurance Plan

MSIG Insurance Limited ("MSIG") today announced its SME Group Medical Insurance plan targeting SMEs with flexible coverage options as well as MediGo, a new digital portal for onboarding and policy management. MSIG designed the plan to meet the unique needs of SMEs in today's fast changing digital business environment.

MEDIAOUTREACH

N26 raises $900 million

Fintech startup N26 has closed a $900 million Series E round at a $9 billion valuation. The round was led by Third Point Ventures and Coatue Management, and joined by Dragoneer Investment Group, as well as N26’s existing investors.

COVERAGER

Ethos Raises Life Insurance Policy Limit to $2 Million

Ethos, a San Francisco-based InsurTech distributor with the stated mission of transforming the life insurance space reports that has significantly increased the size of the life insurance policies it will offer.

IIR

Tata AIG joins forces with TropoGo on drone insurance

Tata AIG General Insurance has announced the launch of a drone insurance offering and distribution partnership with TropoGo, a deep-tech start-up in India. The new offering, called Remotely Piloted Aircraft System (RPAS) insurance, will offer coverage for both hull and third-party liability risks.

LIFE INSURANCE INTERNATIONAL

Beazley announces launch of ESG syndicate-in-a-box at Lloyd’s

Beazley has now received in principle approval from Lloyd’s to establish its planned ESG focused consortium that will sit under its Market Facilities unit and leverage some third-party capital to underwrite risks that have been scored against environmental, social and governance (ESG) metrics.

ARTEMIS

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