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Swiss Re, Slice, Clearcover: Insurtech news roundup
April 28, 2023 6:26 AM
Swiss Re and Benekiva have partnered to launch a digital claims platform for life and health insurers. It incorporates Swiss Re's Claims Automated Rules Engine with Benekiva's claims admin system to support claims intake, workflow, correspondence, document management, risk scoring and triaging, as well as payout and audit. "We understand the importance of making it easy to file a claim, have it processed and receive payment quickly," said Carl Christensen, Global Head L&H Solutions, Swiss Re Reinsurance Solutions, in a statement.
Clearcover and Experian have partnered up to embed the former's auto insurance products into the latter's comparison-shopping service. In the 19 states where Clearcover does business, customers who find its coverage through Experian can get a bindable quote without leaving the Experian site. Experian launched the comparison site last year. Clearcover last raised $153 million in Series E financing in November.
Slice has launched an on-demand small business general liability product in partnership with Philadelphia Insurance Companies. The specialty-market product is available in Florida, Mississippi, and Missouri now, with 45 more states to follow, the company said. "In order to meet the needs and demand of our growing distribution base, and to provide agents with a 100% digital experience, we are very proud to add one of the best E&S markets to our product offerings," said Tim Attia, co-founder and CEO of Slice, in a statement.
Zinnia, a life and annuities tech company, has acquired Policygenius, a life insurance marketplace and early insurtech. Policygenius products will continue to be offered under its brand name. Michele Trogni, Zinnia CEO, says that 450 Policygenius employees will join the company. "We are thrilled to have a partner in Zinnia, that shares in our vision to transform the industry through technology and a consumer-first approach," said Jennifer Fitzgerald, Policygenius Co-founder and CEO and newly appointed Zinnia board member, in a statement. "Their depth of insurance expertise and entrepreneurship has resulted in more than $170B in assets under administration and the launch of 170+ new carrier products."
Verisk has acquired Krug Sachverständigen GmbH, a Germany-based auto-claims tech company. The company says this acquisition complements its buy of Actineo, which digitalizes medical assessment of personal injury claims in Germany and Austria, last year. "Verisk will add SV Krug's established claims management solutions to Verisk's leading data analytics and insurance ecosystem to provide an end-to-end claims solution to the European insurance market," said Olav Skowronnek, managing director for Continental Europe at Verisk Claims Solutions, in a statement. "SV Krug's synergies with Actineo show great promise to support our clients by optimising operational efficiency and improving the customer experience."