Vesttoo has entered a partnership with Clear Blue Insurance Group to deploy $1 billion in reinsurance capacity to Clear Blue’s P&C lines over the next year. The capacity will be sourced from the capital markets through a variety of insurance-linked assets. Vesttoo, a leading insurance risk transfer platform, announced today that it had signed a partnership agreement with Clear Blue to supply the latter with reinsurance capacity sourced from capital markets investors, totaling a sum of $1 billion USD. The partnership is part of Vesttoo’s vision to bridge the gap between the insurance and capital markets, scaling insurance-linked investments as…

At-Bay, the insurance provider for the digital age, today announced the acquisition of Relay, a technology solutions provider enabling the digital transformation of commercial insurance placements. Relay will continue to serve a growing list of brokers and partners as an independent entity, under its own management team. Joining At-Bay enhances Relay’s ability to expand its capabilities and value-added services for its partners. “Brokers are hungry for better service and streamlined workflows from their partners, which technology can transform. Far too often, they are held back by outdated processes and systems,” said Rotem Iram, co-founder and CEO of At-Bay. “Relay has…

The two companies will each invest 2 million dollars in Wesure Digital, with AmTrust receiving 30% of it. Wesure Digital will operate with an AmTrust group company which specializes in special insurance plans and will receive within the framework of the agreement underwriting, management and issuing rights in that insurer’s name Wesure is continuing to expand its global activity. The company has signed on investment and collaboration agreements with companies that are part of the AmTrust Financial Service Inc. group. Within the framework of the insurance agreements, Wesure and AmTrust will each be investing 2 million dollars in the Wesure…

MediMe was selected from among many startups that submitted applications from all over the world to participate in the INSURY Startup Award competition that will be held in September 2022 in Vienna, Austria. One of the most prestigious competitions in the InsureTech world. MediMe, founded in 2020 by Zvika Ilan and Eli Walles, operates in data management and data-driven systems for the insurance market. MediMe develops a unique and first-of-its-kind self-operation platform to build an insurance profile for end customers, independent of the data held by the insurance companies. Through a simple data entry process on the part of the…

First-of-its-kind insurance coverage protects businesses from the financial fallout of third-party content delivery network outages Parametrix, the provider of technology downtime insurance, today announced the launch of Parametrix CDN Downtime Insurance. This first-of-its-kind insurance coverage protects businesses from the financial fallout of third-party content delivery network (CDN) outages, securing cash flow to fix any damages after a business’s main sales and communication channel is down. Parametrix CDN Downtime Insurance is especially important for digital native companies with online presence, content and transactions such as e-commerce, travel, e-mobility, media, healthcare and fintech companies. For online retailers, websites are critical…

The native integration with One Inc will offer Five Sigma customers diversified, digital payment options that improve customer experience, security, and speed Five Sigma, an emerging leader in cloud-native insurance Claims Management Solutions (CMS), today announced that it has partnered with One Inc, a nationally-recognized digital insurance payment solutions provider, to offer its U.S.-based customers more convenient and diversified claims payment options. This out-of-the-box integration between One Inc and Five Sigma gives insurers the ability to process digital payments without leaving the Five Sigma CMS, for both inbound premium payments, and outbound claims disbursements. It also gives claimants the flexibility…

The Google Maps based interface factors in data on every building in earthquake and tsunami risk areas and calculates the likelihood of damage. The insured will be able to pay according to the risk for the specific building Running up to the 100th anniversary of the last major earthquake in Israel, Choco Digital Insurance has announced the launch of a unique technological interface, based on Google Maps. The model calculates insurance costs automatically and in real time according to the level of earthquake and tsunami risk for a specific building. The model calculates the likelihood of destruction of the building…