The Ticker

Launches insurance designed for companies using Web3 technology, which incorporates blockchain and tokens and emphasizes decentralization. The Web3 insurance includes coverage for smart contract vulnerabilities, so-called decentralized autonomous organizations, or DAOs, NFTs and crypto. Vouch, a provider of business insurance to high-growth companies, has raised $160 million to date.

This global fintech platform is collaborating with climate risk assessment platform Yokahu and parametric insurtech FloodFlash to accelerate payments from insurers to small and midsize business clients. The Vitesse platform enables cross-border payments for insurers to pay claims in real time.

Its SuperscriptQ advisory service has been authorized to operate in Europe as a Lloyd’s broker, finding insurance for high-growth tech companies with emerging risks in sectors such as digital assets, fintech and medtech.

Geospatial data provider Geosite will provide its U.S. carrier clients with live actionable flood alerts from Previsico so they can work with customers to mitigate flood losses ahead of catastrophes. Previsico provides alerts up to 48 hours before a storm hits to enable property owners to take mitigation measures.

Launches new critical illness insurance covering 44 conditions, 10 to 15 more than the average Canadian insurer. The move follows its C$18 million (US$13.4 million) in Series A funding announced earlier and complements its core term life insurance offering.

Ford Credit plans commercial vehicle insurance for Ford Pro customers, with underwriting, distribution and claims handled through Pie Insurance. Ford Pro Insure will cover commercial vehicles purchased through Ford Pro and other channels. Coverage backed by Ford Credit’s insurance subsidiary.

Expands its operations in the U.S. with additional reinsurance capacity in an agreement with Hannover Re as well as underwriters from Lloyd’s, including Tokio Marine Kiln, RenaissanceRe and Apollo, in a new structure brokered by Howden.

Closes a €12 million (US$12.9 million) Series A extension round for the European claims automation company. The company plans to further invest in its AI-driven claims automation technology.

Appoints Chris Rhodes as the company’s first chief insurance officer to support product development, claims automation, profit management and loss analytics. Rhodes formerly served in senior leadership roles at Farmers and MetLife.

This Swedish insurtech, whose platform combines digital personal injury claims solutions with access to medical expertise, agrees to buyout by Verisk, which says the addition of the Nordic personal injury market leader will support its expansion in continental Europe.