The Ticker

VERTAFORE

Launches bind capability within its personal lines rater for independent agencies. PL Rating enables agencies to quote, bind, and issue policies within a single platform.

vertafore.com
May 22, 2024
VERISK

Launches its Next Generation suite of catastrophe models designed to more accurately reflect anticipated insured losses from extreme events. The new models include enhanced risk assessment, more refined differentiation of subperils, and expanded support for complex policy structures.

verisk.com
May 22, 2024
SIMPLY BUSINESS

Has surpassed one million active customers worldwide. The insurtech pioneer offers a variety of coverages globally. The company was founded in the United Kingdom in 2005 and launched U.S. operations in 2017.

May 22, 2024
PARAMETRIX

Collaborates with Hannover Re on the first catastrophe bond to cover losses from sustained cloud outage risk. Hannover Re’s Bermuda-based Kaith Re issued the $13.75 million Cumulus Re cat bonds, with Parametrix providing portfolio risk modelling and cloud performance monitoring.

parametrixinsurance.com
May 22, 2024
KWH ANALYTICS

Adds a significant amount of capacity from Aspen Insurance for the renewable energy insurance company. The increase enables kWh to underwrite up to $75 million per renewable energy project location and to cover up to 100% of operational solar and battery energy systems and up to 50% of wind and construction accounts.

kwhanalytics.com
May 22, 2024
INSURIFY

Becomes available over MassMutual’s suite of wealth management and protection solutions, enabling affiliated financial professionals to offer clients commercial and personal lines property and casualty insurance through Insurify’s insurance comparison platform

insurify.com
May 22, 2024
GROUP-IB

This cybersecurity technology firm is partnering with global specialty reinsurer Canopius Group, marking its first full-service partnership with a Lloyd’s of London syndicate. Group-IB will provide Canopius policyholders with advanced cyber protection and threat intelligence.

May 22, 2024
EZLYNX

Launches capability to enable agencies to use texting to provide quotes to personal lines customers and prospects. An Applied company, EZLynx says the Quote by Text process begins with a text from a consumer, gathers data via texting, and returns the three lowest quote results.

May 22, 2024
DESCARTES LABS

This New Mexico-based geospatial analytics company has bought geospatial intelligence startup Geosite, supporting Descartes’ growth strategy and opening new opportunities in insurance. Geosite’s platform aggregates and evaluates geospatial data from satellites, drones, aerial sources, and internet of things devices.

May 22, 2024
CYTORA

This digital risk processing platform has partnered with cybersecurity company DynaRisk to provide its cyber risk assessment data on the Cytora platform. >> Partners with trade data company TradeAtlas to enable marine insurers to access import and export information from millions of importers and suppliers.

cytora.com
May 22, 2024

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