TDI Daily Newswire - 27th August 2020

Published: Thu, 08/27/20

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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Principal launches new platform

Principal is announcing a new digital offering to help small business clients and their financial professionals build retirement benefits. The new platform – Simply Retirement – is designed to make 401(k) plans more accessible to businesses with fewer than 100 employees.

COVERAGER

Mercury Insurance Offers Contactless Home Inspections to Policyholders

Mercury Insurance announced that the company is offering New York and New Jersey homeowners policyholders DIY inspection services using an advanced Artificial Intelligence (AI) assistant. Created by Flyreel, the app guides homeowners through a self-inspection of their property and gives them the option for a contactless experience.

BUSINESSWIRE

AXIS partners with AllDigital Specialty on small business management liability

AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited, has formed a new partnership with AllDigital Specialty, a new managing general agent (MGA). The partnership will aim to develop and launch a new insurance platform designed to address the service void in the US.

REINSURANCE NEWS

Breathe Life Secures $11.5 Million CAD To Accelerate Digital Transformation of Life Insurance Industry

Breathe Life, the enterprise SaaS platform provider for the life insurance industry, today announced it has secured an additional $11.5 million CAD in funding to enhance its digital distribution platform for insurance carriers.

CANADIAN UNDERWRITER

Cowbell Cyber scales up cyber insurance digitisation with platform enhancements

AI-powered cyber insurance firm Cowbell Cyber has incorporated new enhancements to its cyber insurance platform. The new enhancements are said to enable the platform to carry out larger risk underwriting with more ease, accuracy and increased speed.

LIFE INSURANCE INTERNATIONAL

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