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Core Insurance

NAIC | December 06, 2023

The National Association of Insurance Commissioners (NAIC) Membership voted to adopt the Model Bulletin on the Use of Artificial Intelligence Systems by Insurers during the 2023 Fall National Meeting. The bulletin reflects the work of the NAIC Innovation, Cybersecurity, and Technology (H) Committee, chaired by Maryland Insurance Commissioner Kathleen A....

Core Insurance

Chubb | May 24, 2021

Chubb has launched a new insurance product, Benchmarq Package, for the lower middle market segment, setting the standard for package plans based on broader, more scalable coverage and performance. Benchmarq provides a more comprehensive base coverage offering of both property and liability, resulting in insurance protection that is more robust than typical industry package policies. Although Benchmarq's base product is best suited to smaller or less complex package risks, coverage can be sca...

K2 Insurance | February 04, 2020

K2 Insurance Services (K2) has announced today that it is entering into a deal with London-headquartered MGA Pioneer Underwriters. Notably, this transaction will be the specialty insurance services holding company’s first acquisition outside of the United States. According to a press release, the UK underwriting organization will be the linchpin for a new international platform from K2. Initially, this will include products in Pioneer’s property cat reinsurance, financial institution...

Core Insurance, Insurance Technology

Companjon and bunq | February 10, 2023

Companjon, an insurance company, has recently announced its partnership with bunq, a finance company, bringing an end-to-end embedded insurance solutions to bunq users in European markets and providing automatic compensation for financial losses. This partnership will enable Companjon to offer an extended warranty and purchase protection, covering financial loss for goods purchased by bunq Easy Green users. bunq's Easy Green plan allows users to reduce their carbon footprint...