(Image source: Tokio Marine HCC homepage.) Tokio Marine HCC, a specialty insurance group within Tokio Marine Group (Tokyo) with offices in the U.S., Mexico, the U.K. and Continental Europe, has selected Akur8’s (Paris) Core Platform solution to fuel innovation by building high-performing pricing models, producing analytics and reporting with ease for powerful insights, and facilitating knowledge sharing across entities, according to a statement from Akur8. Tokio Marine HCC underwrites more than 100 classes of specialty insurance in over 180 countries. Through this agreement, Akur8 continues to ..read more

(Image source: Whisker Labs.) Nationwide (Columbus, Ohio) has extended fire protection to over 50,000 customers with Ting fire prevention technology through a partnership with Whisker Labs (Germantown, Md.) and Hartford Steam Boiler (HSB, Hartford). Nationwide offers Ting to eligible customers in 26 states to help mitigate electrical fire hazards in and around homes, preventing potentially devastating fires. First launched in 2022, the Ting program has resulted in success stories with over 500 fire hazards identified and mitigated, according to a Nationwide statement. In each case, dangerous e ..read more

(Image source: Drixit, created of Spotter, which provides collision avoidance alerts.) Underwriting a risk requires understanding it, and that understanding potentially increases along with an increase in availability of relevant data. Such an increase provided an opportunity to auto insurers during the last decade, and now a similar opportunity exists for insurers of manufacturers, according to a new Celent study, “Connecting Manufacturers to Insurers,” authored by Donald Light, Director of the Boston-based research and advisory firm’s North America Property/Casualty Practice. As with au ..read more

(Rob Carney, Chief Distribution Officer, Individual Solutions, Transamerica.) Transamerica, a Baltimore-based life insurance, retirement and investment company, has announced the appointment of Rob Carney as Chief Distribution Officer for its Individual Solutions division. The division produces and distributes Transamerica’s life insurance and annuity products and is responsible for the distribution of Transamerica’s mutual funds, according to a Transamerica statement. Jamie Ohl, President of Individual Solutions, Transamerica. “Rob is a seasoned leader with a proven record of creating and e ..read more

(Image source: Protective Life homepage.) Hexure (Colorado Springs, Colo.), a provider of sales and regulatory automation solutions for the life and annuity industry, has announced that Protective Life Insurance Company (Birmingham, Ala.), a subsidiary of Dai-ichi Life Holdings, Inc. (Tokyo), has selected FireLight to support digital sales and submission processes for its new advisory variable universal life (VUL) product, Protective Investors Benefit Advisory VUL. Chad Nulty, VP, Business Development, Protective Insurance. “FireLight has emerged as the platform of choice for OIDs—outsourced ..read more

(Image source: Sapiens.) Sapiens International Corporation, (Holon, Israel), a global provider of software solutions for the insurance industry, has announced the launch of IntegrateAI, the newest capability from Sapiens Decision, integrating machine learning models into what the vendor calls its business-friendly decision model workbench. Sapiens Decision users can integrate machine learning models as another component of their decision model diagram, combining declarative and probabilistic constructs into one consistent and explainable model, according to a Sapiens statement. Enabling non-te ..read more

(Image credit: Adobe Stock.) Cytora (New York), a digital risk processing platform, has partnered with cybersecurity firm DynaRisk. The partnership will enable insurers to use DynaRisk’s suite of cyber risk assessment data on Cytora’s platform. As a result, underwriters will immediately be able to take into account a host of data points regarding a company’s exposure to cyber risk when calculating insurance quotes. This will enable more comprehensive risk evaluation and better decision-making, according to a Cytora statement. Juan de Castro, COO, Cytora. DynaRisk’s tools include ‘Leaked Data ..read more

A ..read more

A ..read more

A ..read more