Who's using what in P&C insurance: December 18, 2023

bolt partnered with Ledger, the leading global platform to secure crypto and critical digital assets, to launch a new device protection offering for Ledger’s line of cryptocurrency smart wallets in the United States. Through the partnership with bolt, Ledger will offer the option to buy accidental damage and extended warranty protection for its Ledger Nano S Plus and Ledger Nano X devices seamlessly into the purchase journey.

Otonomi partnered with Zuru LatAm, a digital platform in Latam that allows users to quote and contract their shipping insurance online. Zuru provides access to SMEs, logistics operators and goods exporters with digitized cargo insurance coverage workflows and modern user experiences. The partnership provides access to offshore delay policies underwritten by international underwriters, via Otonomi’s US-MGA program.

Upfort and Arch Insurance partnered to transform cyber insurance programs for small and medium-sized enterprises, associations and risk pools. Upfort and Arch will work with brokers to develop group programs prioritizing broad insurance coverage, competitive pricing, embedded security solutions and a seamless digital experience. This will allow insurance agents and brokers to promote cyber resiliency at scale, in addition to fostering more meaningful and productive connections with clients and prospects.

Cytora and Relativity6 partnered, which will enable Relativity6’s models to be used to enhance the underwriting process within Cytora. The integration will provide commercial insurance underwriters a way to more quickly process commercial quotes. This is facilitated by turning data from freeform text into standard industry classifications. For example, text which read ‘this company is a flower shop’ would automatically be labelled retail.

Related: Who’s using what in P&C insurance: December 11, 2023