Open & Embedded Insurance Observatory

YAS and QBE Insurance Hong Kong announced the launch of the region’s first “Pay-As-You-Sell” product liability insurance. Underwritten by QBE and distributed exclusively through YAS, this innovative insurance solution leverages technology from Assureful, an insurtech firm, to deliver an insurance product designed specifically for merchants selling on major online marketplaces like Amazon, eBay, and Shopify. William Lee, Co-Founder of YAS, opined, “We are delighted to announce this strategic partnership with QBE Hong Kong and Assureful. This partnership offers Hong Kong merchants a solution that scales with their business and helps them launch out into the global market. We are using real time data for AI risk profiling to do 21st century insurance, yet another step towards crowning Hong Kong as the international insurance centre.” Lei Yu (于蕾), CEO of QBE North Asia and Regional Head of Distribution, said, “We are proud to pioneer the ‘Pay-as-you-sell’ concept for product liability insurance for local merchants, through this tie-up with YAS and Assureful. Given the vast market opportunity in e-commerce, Hong Kong-based merchants need a global insurance provider with the track record and requisite expertise like QBE, who can give them the confidence and peace of mind in executing more cross-border trading.” Rohit Nair, Founder and CEO of Assureful, added, “We’re thrilled to bring our e-commerce data-driven capability to Hong Kong and join forces with QBE and YAS. Launching ahead of the seasonal surge, this solution is perfect for Hong Kong merchants ready to scale in the competitive U.S. market.” #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #Partnership #ProductLaunch

Digital commercial insurance broker Simply Business (USA) announced a new partnership with business insurance startup Coterie Insurance. The addition of Coterie’s solutions to Simply Business’s marketplace expands Business Owner’s Policy coverage options with several leading national carriers. “Coterie’s digital-first insurance solutions and broad appetite make them an ideal partner in our mission to empower small business owners. Together, we’re committed to providing a comprehensive suite of BOP solutions to even more types of small businesses across all 50 states with efficiency.” – Samantha Roady, U.S. CEO at Simply Business. “By teaming up with Simply Business, we’re expanding our digital footprint, underscoring our commitment to a streamlined insurance experience for small businesses. This platform integration increases coverage options for small business owners so they can have the right tools to confidently protect their businesses in an increasingly complex business environment.” – David McFarland, CEO and co-founder of Coterie. #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #Partnership

bolttech, the fast-growing global insurtech, announced Dragon Fund, by Liquidity and MUFG, is leading bolttech's Series C funding round alongside investors Baillie Gifford, Generali – through Lion River, the Group's company dedicated to Private Equity, and others, which is expected to total more than US$100 million. Following bolttech's record-breaking Series A and B rounds, the Series C up-round values bolttech at US$2.1 billion and the investment will further enhance its global growth strategy. Rob Schimek, Group Chief Executive Officer, bolttech, said, "This latest round of funding is an endorsement of our value proposition and marks another significant milestone for bolttech. The funding also demonstrates our relentless pursuit of innovation and excellence as we enable the insurance industry. With this investment from Dragon Fund and our Series C investors, we will continue to revolutionise the future of insurance through our leading technology-enabled ecosystem." #OpenInsurance #Insurance #EmbeddedInsurance #Funding #Insurtech

Sure, the insurance technology leader that unlocks the potential of digital insurance, unveiled its vision for the future of insurance on Sure's technology rails and network. Just as Visa and Mastercard paved the way for cashless payments, Sure is building the technology rails and network to enable digital insurance transactions between carriers, brands, and consumers. The story of Sure was once squarely focused on building a software platform to enable digital insurance transactions. As Sure's technology and infrastructure capacity has rapidly evolved, the company now sees its leadership role in the industry more broadly. The complexity of insurance and its migration to digital has created an opportunity for Sure to showcase its unmatched technology and vision for the future of insurance. In doing so, Sure has created a new category altogether to power the transition of the insurance industry to digital through an ecosystem approach that connects a three-sided network (carriers, brands, and consumers). "At Sure, we have a decades-long mindset and a very clear vision for the future of insurance. Through huge capital investment, we have built the technological infrastructure and the technology rails to unlock the first network of insurance distribution," said Wayne Slavin, CEO of Sure. "In what we're building, we're enabling companies that have globally recognized brand loyalty to expand their value proposition by adding insurance to their products and customer experiences. We're already running billion dollar insurance programs through our technology rails, and we're excited about where the next decade will take us." #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech

Prudential Financial announced a new strategic relationship with Empathy, a leading bereavement support platform, that will provide beneficiaries with access to an enhanced suite of resources to help them cope with loss and navigate the challenges throughout the grieving journey. “By enhancing our beneficiary support, Prudential is reaffirming its commitment to providing access to holistic support to our customers in the moments that matter,” explains Jessica (Piza) Gillespie, Prudential’s head of Group Insurance Product and Underwriting. “Our goal is to be the rock our policyholders and their families can rely on through every stage of life, not only with financial protection but also with the emotional and practical support when they need it most.” Ron Gura, Empathy’s co-founder and CEO, said the relationship represents a new era of benefits that prioritize holistic support and compassion. “Our relationship with Prudential is an extraordinary opportunity for us to help more families through the complexities of loss by blending advanced technology with heartfelt care,” he explains. “Together we’re taking a big step toward creating a world where every individual receives the support they need when they need it most.” #OpenInsurance #Insurance #EmbeddedInsurance #Insurtech #Partnership

Global insurance brokerage WTW has introduced new artificial intelligence (AI) capabilities to its RiskAgility Financial Modeller (RiskAgility FM), a financial modelling and reporting software technology for life and health (L&H) insurers. Life and health insurers face growing challenges, including managing increasingly complex products and regulations, while ensuring their models accurately reflect the business. The latest upgrade to RiskAgility FM leverages AI and large language models (LLMs), acting as key accelerators in actuarial modelling. Powered by Generative AI technology, RiskAgility FM now delivers transformative improvements in model development, simplifying the process for insurers to write, refine, and extend model code, as well as explain both the code and actuarial concepts. Mark Brown, Global Proposition Lead for Life Financial Modelling, Insurance Consulting and Technology at WTW, said, “CFOs, CROs and Chief Actuaries are under increasing pressure to manage the costs of building and maintaining faster and more accurate actuarial calculations. Performance gains achieved by the new AI capability in RiskAgility FM are truly game changing, significantly reducing model development times, with fewer errors, and delivering major efficiency savings for insurers.” https://lnkd.in/eTrpCJZt #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #ProductLaunch

Saga plc. shares jumped on Monday after the over-50s specialist revealed a two-decade partnership with Belgian insurance giant Ageas Group. The agreement will see Ageas operate Saga's home and motor insurance products, including its claims, pricing, underwriting, and price-comparison website activities. Saga will oversee its branding and direct marketing and earn commission based on a percentage of the gross written premiums generated. Ageas will pay the firm £80million upfront, dependent on publishing its interim 2025 accounts without 'material uncertainty or an auditor qualification' and the extension or refinancing of a corporate bond maturing in July 2026. The Belgian insurance giant will hand Saga up to £30million extra in both 2026 and 2032 if it meets specific policy volume and profit targets. Ageas has also agreed to acquire Saga's Acromas insurance underwriting business for £65million. #OpenInsurance #EmbeddedInsurance #Insurtech #Insurance #Partnership

🚀 Big News! A Major #Partnership in Embedded Insurance for Millions! 🚀 I’m thrilled to announce an exclusive partnership between SPB Poland, part of SPB Group, a European leader in lifestyle insurance, Axeria, an innovative French insurer, and MediaMarkt Polska, one of Poland’s largest electronics retailers! 🇵🇱 Together, we’ve launched a comprehensive #embedded insurance program for #electronic devices, offering Theft & Damage protection and Extended Warranty 🔒 to millions of MediaMarkt customers — available in 86 large-format stores 🏬, online 🌐, and through the contact center ☎️, ensuring a seamless #omnichannel experience. What truly makes this 3-party collaboration special is the incredible #teamwork behind the scenes. 🤝 This isn’t just insurance! It’s about #innovation 💡, #technology (API integration) 🔗, #customerexperience ⭐, and a shared commitment to #social and #environmental goals 🌍. Beyond the scale of this partnership is a collective #mission to protect customers in their daily lives 🛡️ and contribute to a more sustainable world ♻️. With society’s growing dependence on smartphones and other tech 📱💻, damage and breakdowns can be truly disruptive. Our insurance provides what matters most to customers, giving their devices a second, third, or even longer life 🔄. By extending product lifespans, we’re helping build a more sustainable #future for all 🌱. A huge thank you to the amazing #teams at SPB Poland, SPB Group, Axeria, and MediaMarkt Polska for their dedication in making this happen! 🙏 Special shoutout to the key players behind this success: Snjezana Bandner, Daniel Mikołajczyk, Karolina Fijołek-Gajewska EMBA, Elżbieta C., David Seyller, Valandis Elpidorou, Sébastien Seux, Mathieu Sebastien, Morgan Coutrot, Nathalie REFALO, Lisa Lê, JEAN MICHEL FAUCILHON, Jakub Nawracała. 🙌 The #energy and #passion of our joint teams make me confident we’re on the path to years of success, growth, and positive impact. 🌟🍀 LET’S GO! (as MediaMarkt says) 🚀 ******************************* PS. Stay tuned for the next big partnership announcement coming soon! #embedded #insurance #insurtech #InsuranceAndMuchMore

One Inc, the leading payments network for the insurance industry, announced that GoAuto Insurance (GoAuto), has selected One Inc’s ClaimsPay® and PremiumPay® products for a fully integrated and digitized policyholder payment experience. “The decision to partner with One Inc was influenced by their capability to provide everything we needed in one place and continue our process of upgrading our operating systems to meet the growing demands of our policyholders,” said Dan Cummings, CEO, GoAuto Insurance. “Their platform seamlessly integrates with our existing systems, enabling us to handle both inbound premium payments and outbound claims disbursements more efficiently. One Inc’s insurance-centric approach and commitment to keeping us ahead of the market make them the ideal partner for our future growth.” “The partnership ensures that GoAuto can offer policyholders a modern, streamlined payment experience while staying ahead of market trends,” said Ian Drysdale, CEO, One Inc. “Digital payments offer a strong customer value proposition while giving insurers a competitive edge. As GoAuto embraces more efficient solutions, they join the tide of carriers looking to their claims technology to build a digital infrastructure that allows them to quickly adapt to evolving policyholder demands and stay ahead of competitors." #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #Partnership

Conad announces its entry into the insurance sector with the launch of Heyconad Assicurazioni, an offer dedicated to customers who own the “Carta Insieme” and “Carta Insieme Più” cards. This new initiative is the result of a collaboration with Chubb, a global leader in the insurance industry. Heyconad Insurance offers customers access to a wide range of protection insurance products, including accident-health, home-family and travel. Together with HeyConad Spesa for online product purchases, and HeyConad Viaggi for travel, the new service enriches the brand's digital ecosystem, strengthening its goal of further consolidating customer relationships through the offer of quality services. #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #Partnership