Chubb launches digital life insurance in Brazil: Roundup
December 8, 2020 5:32 AM
Arcimoto, an electric car company, and Agero have partnered where the latter will provide nationwide roadside assistance programs. The coverage works for Arcimoto vehicles while the vehicles are under warranty. Mark Frohnmayer, Founder and CEO of Arcimoto says “We believe this will allow our customers to rest assured that they will have the support they need, around the clock, rain or shine, as we scale production and expand delivery to new locales.”
Aon has announced a digital cyberinsurance purchase platform for small and middle market businesses to buy and manage cyber and professional liability insurance online. It’s designed for businesses generating up to $100 million in annual revenue across sectors including retail, technology, professional services, manufacturing, and more. Christian Hoffman, CEO, Cyber Solutions North America at Aon says, “We can also help businesses of various sizes protect themselves against risks including data breach, ransomware, contractual liability, media liability, business interruption, social engineering, and more."
LifeScore Labs, insurtech subsidiary of MassMutual, will use Sapiens Underwriting Pro to receive instant assessment of mortality risk on their applicants using two different scoring models, carriers can receive an instant assessment with LifeScore Med360. "To successfully compete in a fast-evolving market, life insurers need best-in-class automation technology, robust data capabilities, a granular understanding of risk and the agility to adapt to changing customer needs – and that's precisely what the synergistic partnership between Sapiens and LifeScore Labs will offer," said Michael Gallary, COO, LifeScore Labs.
GloveBox, insurance technology that allows policyholders to manage all of their insurance in a centralized digital platform, has partnered with Cinch Home Services, leading provider of home service solutions. Cinch home protection plans will be the first non-insurance product offered via GloveBox. Ryan Mathisen, CEO and Co-Founder, GloveBox says, “This partnership with Cinch will allow consumers to fill this gap with a completely digital offering of their product suite, with a completely digital point of purchase directly in GloveBox.”
Chubb and Nubank have joined forces to provide life insurance offering in Brazil digitally. Nubank Vida provides policies that can be managed in a fully digital manner and the entire contracting process, including cost calculator and service confirmation, using Nubank's app. "Nubank Vida is totally adaptable to the needs of customers. In the offering process, we abandoned predefined packages and the unreadable technical language of conventional policies, which only makes the process more expensive and difficult than it needs to be. With Nubank Vida, through our app, the customer will have the autonomy to choose and only pay for what they really value and use,” states David Vélez, founder and CEO of Nubank.