Vitesse, a prominent global treasury and payment provider for the insurance industry, has recently achieved a significant milestone with the approval from the New York State Department of Financial Services (NY DFS) to establish Vitesse Trust Company, LLC in New York City. This approval heralds the beginning of Vitesse’s operations in the United States, taking advantage of its successful track
Skyward Specialty Insurance Group, Inc. has launched an innovative and specialized insurance product specifically designed for the life sciences sector, addressing the industry’s unique and complex risks associated with innovation, emerging technologies, and regulatory changes. As a leader in the specialty property and casualty insurance market, Skyward Specialty aims to provide comprehensive protection tailored to the nuanced needs of life
Navigating the often convoluted landscape of car insurance is a challenge many drivers are all too familiar with, but a new partnership between Mercedes-Benz Insurance Services UK Limited and Wrisk aims to transform this sector through pioneering innovation. This collaboration marks a significant shift towards a more personalized, user-friendly car insurance experience, leveraging Wrisk’s highly advanced digital platform to offer
In a landscape increasingly driven by technological advancements and efficiency demands, Covr Financial Technologies’ Advisor 3.0 emerges as a transformative force in the insurance industry. The advanced digital insurance platform aims to revolutionize how financial professionals handle insurance processes, addressing the growing need for streamlined workflows. By significantly reducing case processing times by an average of 10 days, Advisor 3.0
Luma Financial Technologies has embarked on an ambitious expansion into the life insurance sector with a groundbreaking end-to-end platform that integrates life insurance and annuities under one cohesive system. This innovative solution represents the first of its kind, enabling financial advisors to manage both product types seamlessly through a single platform. With more than half of U.S. adults holding life
In a groundbreaking partnership between Mulberri, a digital insurance platform specializing in business insurance, and Qualys, renowned for its cloud-based IT, security, and compliance risk management solutions, the two companies aim to enhance cyber insurance offerings, particularly for small and medium-sized enterprises (SMEs). With an alarming 68% annual attack rate on SMEs, this collaboration targets a pressing need. Mulberri’s flagship
In a significant move towards addressing comprehensive environmental, social, and governance (ESG) risks on a global scale, HDI Global is set to expand its environmental liability insurance offerings internationally. This strategic shift is driven by the appointment of Stefan Pasternak as CFO, effective April 1, 2025, succeeding Christian Hermelingmeier who will transition to Hannover Re. Presently, HDI Global’s environmental liability
In an era where climate change and extreme weather events are becoming increasingly frequent and severe, the need for accurate and swift property and climate risk assessments has never been more urgent. Standard Casualty, an insurer specializing in mobile homes, has recognized this necessity and has formed a groundbreaking partnership with ZestyAI, a provider of advanced analytics solutions. This alliance
In a significant development poised to impact the U.K. insurance sector, LexisNexis® Risk Solutions has expanded its partnership with TransUnion to introduce enhanced credit reporting and affordability solutions. This collaboration aims to provide U.K. insurance providers with more comprehensive tools to make informed decisions that align with customers’ financial circumstances. By integrating TransUnion’s Affordability Report into its range of LexisNexis
The partnership between ZestyAI, an AI-driven property and climate risk analytics provider, and Standard Casualty Company, a specialized property insurer for manufactured homeowners, marks a significant advancement in risk assessment and policyholder engagement. By leveraging advanced analytics solutions, this collaboration addresses the growing complexities of property risks due to climate change. As natural disasters become more common and severe, the
In a move that promises to revolutionize the UK insurance market’s approach to affordability, TransUnion has expanded its strategic relationship with LexisNexis Risk Solutions. This collaboration aims to equip insurance providers with enhanced affordability insights that could prove crucial in these economically challenging times. Integrating TransUnion’s Affordability Report into the LexisNexis Informed Quotes platform marks a significant step toward addressing
Previsico, a specialist in surface water flood forecasting, has announced the launch of Instacasting, a next-generation flood mitigation solution. This innovative tool leverages the most accurate observed rainfall data available in the market to predict surface water flood risk more quickly and precisely. Instacasting complements Previsico’s existing flood data by employing exact rainfall data, thus enhancing flood resource allocation, loss
