TDI Daily Newswire - 26th August 2020

Published: Wed, 08/26/20

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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Google unit Verily enters insurance with Swiss Re backing

Google unit is entering the employer stop-loss insurance space with the backing and support of reinsurance giant Swiss Re. Coefficient Insurance Company is a newly formed subsidiary of Verily, a life sciences and health focused company owned by Alphabet, the holding company for Google.

ARTEMIS

CFC launches specialist fintech solution to plug gaps

Specialty underwriter CFC has launched a new product specifically aimed at fintechs to help plug gaps in traditional coverage. CFC said that traditional financial institutions’ insurance products do not necessarily provide cover for technology related exposures.

COMMERCIAL RISK

Colonial Life rolls out new critical illness insurance cover for Covid-19

US-based Colonial Life has launched a new group critical illness plan bundled with an optional rider, offering a lump sum benefit for the treatment of Covid-19.

LIFE INSURANCE INTERNATIONAL

Healthcare startup Klara raises $15 million

New York City-based virtual care platform Klara announced it had raised $15 million, co-led by Google’s AI-focused venture fund Gradient Ventures and leading healthcare investor Frist Cressey Ventures.

COVERAGER

Startup Branch Insurance Launches Reciprocal Exchange in Ohio

Insurance startup, Branch (Columbus, Ohio), formerly operating as an MGA, has launched the Branch Insurance Exchange in Ohio with the stated aim of further reducing the cost for its members. Branch touts what it calls the quickest way to bundle home and auto insurance.

IIR

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