Around the P&C insurance industry: May 17, 2023
Insurance industry news from ICEYE , Goosehead Insurance, Beazley and more.
Allstate Protection Plans partnered with Staples Canada to offer customers Staples Protection Plans by Allstate. Customers will benefit from product protection with seamless, award-winning service and support when they need it most. Allstate Protection Plans will provide and manage the protection plans for Staples customers across Canada.
VIU by HUB partnered with Gonzaga University to provide alumni with the opportunity to shop for and buy personal insurance coverage through a variety of carriers while receiving trusted advice. The partnership supports Gonzaga’s Office of Alumni and Friends by generating ancillary revenue to support alumni programs and scholarships.
ICEYE partnered with Global Parametrics, experts in developing innovative solutions to climate and natural disaster risks, to provide flood data to support the development of innovative parametric risk transfer solutions.
Mosaic announced it is underwriting primary cyber insurance globally, offering $20 million in capacity across its network of underwriting hubs. The specialty insurer launched the new coverage under a pioneering partnership with tech leader Safe Security to embed real-time cyber risk data into its underwriting process.
Goosehead Insurance partnered with Vivint Smart Home. The company announced that it has agreed to purchase Vivint’s insurance book of business, which includes more than 15,000 policies, for $5.5 million.
Duck Creek Technologies recognized Coforge as the winner of the company’s Innovation Anywhere Hatch-a-Thon at Formation ’23. This is the second year the company has opened the Hatch-a-Thon to external ecosystem participants.
Guaranteed Rate Insurance LLC released a proprietary digital insurance API. This new platform provides Guaranteed Rate Insurance business partner customers an immediate way to compare and purchase home, auto, life and other insurance policies at the point of sale.
Beazley launched its streamlined miscellaneous medical liability insurance product to both the U.S. and London markets. The product includes significant enhancements to wordings. Beazley’s MiscMed product provides protection for medical professional liability exposures arising out of a wide range of healthcare-related businesses.
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