9 September Insurtech news roundup

9 September Insurtech news roundup

Arturo brought about a significant number of important changes in the leadership. Sayata filled the position of chief distribution officer with a new hiring. Zywave has introduced a collection of new products aimed specifically at the carrier market. CyberCube is placing its bets on a new relationship in the hopes that it will broaden the audience for the cyber risk analysis services it provides. The position of chief financial officer at INSTANDA was filled by a former executive at Hiscox. Great American Insurance Group’s insurance programs that are centered on commercial equipment finance make use of application programming interfaces (APIs).

Arturo

Arturo has implemented a number of significant leadership shifts in order to better prepare for its anticipated future expansion.

Greg Oslan will serve as the new chief executive officer of the AI property analytics business, and Joe Brown will take on the role of vice president of sales and service.

Oslan takes over as CEO and a board member after John-Isaac “JC” Clark, who served in both capacities from August 2018 to July 2022. He will be responsible for guiding Arturo through a new phase of expansion, which will involve the company’s expansion into several industries as well as the enhancement of its technical capabilities. Brown, on the other hand, will concentrate on growing the company’s customer base, enhancing Arturo’s presence in new channels and markets, and developing new sales and business activities.

After American Family Insurance split it off in 2018, Arturo originally provided its technology to other insurance companies. In April, Clark disclosed to Mortgage Professional America that the organization had been in conversation with a number of different players.

Oslan has served as chairman and/or CEO of a number of firms in the past, including RiskSense (which was later acquired by Avanti), Fixmo (which was later acquired by Good Technologies), and Narus (sold to Boeing). In addition to this, he was the leader of the commercial efforts that were put into establishing the Defense Innovation Unit (DIU) in Silicon Valley as well as the Joint Artificial Intelligence Center (JAIC) at the Pentagon. Both of these establishments are part of the United States Department of Defense. At the moment, he is a member of the board of directors of the National Cyber Security Center, as well as the board of Altreides and several advisory boards.

Brown held the position of vice president of business development at both EagleView and CoreLogic before to beginning work at Arturo. In addition to that, he was the principal of the geospatial systems integrator known as Spatial Marketing Group.

Sayata

Sayata has brought on a new chief distribution officer, who will be responsible for expanding the company’s network of brokers and carriers.

The insurtech company located in Boston has appointed Brian Quinn to head both the business development and customer operations teams.

The Sayata platform is intended to foster quick expansion for insurance brokers and carriers that are primarily concerned with the needs of small to medium-sized businesses.

Prior to that, Quinn was a partner at McKinsey & Company, where he oversaw the business-building and innovation practice in the insurance industry for the company. While he was there, he formed partnerships with well-established insurance companies in order to identify unexploited market opportunities and then develop and introduce new products and businesses in order to capitalize on those chances.

Zywave

Zywave has introduced a collection of new products aimed specifically at the carrier market.

The business operates as an insurtech and creates products and services that are based in the cloud. These include sales management, client delivery, content, and analytics.

Through the utilization of content, web portal access, and a learning management system, Zywave’s Carrier Engagement Suite is able to link carriers with insureds on a massive scale. This is made possible by Zywave’s Client Cloud.

The product was developed to assist establish closer ties with insureds, but it was also aimed to differentiate the offers and services provided by the carrier.

CyberCube

By forming this new cooperation with AkinovA, CyberCube intends to broaden the audience that is exposed to the cyber risk analysis services that it provides.

An electronic marketplace for the transfer and trading of reinsurance and insurance risks is the primary emphasis of AkinovA, a new business that is now in the starting phase.

Through this partnership, CyberCube’s solutions will be made available on AkinovA’s platform, providing the full value chain of the risk transfer industry with access to CyberCube’s extensive modeling capabilities. These models are based on specifically designed cyber risk scenarios that may include ransomware attacks, cloud outages, and major systemic risks. The purpose of these models is to assist organizations dealing with insurance, reinsurance, and insurance-linked securities (ILS) in making better decisions regarding the placement of and management of cyber risk.

INSTANDA

The creator of a no-code core insurance platform, INSTANDA, recently hired a former executive from Hiscox to serve as the company’s chief financial officer.

The most recent position that Liz Prior held was that of managing director at Hiscox Insurance Company Guernsey. She has worked in the insurance industry for more than 13 years and holds a degree in actuarial science.

Prior will now be responsible for leading the development of INSTANDA’s financial and business initiatives, which will further improve the company’s growth. In addition to this, she will collaborate on significant business choices with the board of directors, the management team, and the investors of the company.

With the help of $45 million in additional funding, INSTANDA is now strengthening its platform capabilities and extending its operations in Europe, the United States, Japan, and the United Arab Emirates.

This is the Great American Insurance Group.

API integration technology is now being utilized by Great American Insurance Group for their insurance products that are concentrated on commercial equipment financing.

The integration of the API makes it possible for users to manage programs by utilizing their already installed software on the screens and applications they are accustomed to using. Additionally, it makes it possible to incorporate equipment protection at every stage of the process for financing transactions, including originations, bookings, funding, and continuing portfolio management.

Another advantage is that changes to invoicing and coverage are addressed quickly, so there is no room for confusion or delay.

  • bitcoinBitcoin (BTC) $ 19,310.95 2.08%
  • ethereumEthereum (ETH) $ 1,316.61 2.64%
  • tetherTether (USDT) $ 1.00 0.09%
  • usd-coinUSD Coin (USDC) $ 1.00 0.18%
  • bnbBNB (BNB) $ 283.33 0.91%
  • xrpXRP (XRP) $ 0.476290 3.22%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • cardanoCardano (ADA) $ 0.431916 0.42%
  • solanaSolana (SOL) $ 32.72 3.88%
  • dogecoinDogecoin (DOGE) $ 0.060702 0.27%
  • polkadotPolkadot (DOT) $ 6.28 1.28%
  • shiba-inuShiba Inu (SHIB) $ 0.000011 0.64%
  • daiDai (DAI) $ 0.999163 0.17%
  • staked-etherLido Staked Ether (STETH) $ 1,313.68 2.44%
  • matic-networkPolygon (MATIC) $ 0.767132 1.61%
  • tronTRON (TRX) $ 0.060403 1.9%
  • avalanche-2Avalanche (AVAX) $ 17.04 1.51%
  • uniswapUniswap (UNI) $ 6.49 0.9%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 19,313.14 1.71%
  • okbOKB (OKB) $ 16.03 1.18%
  • leo-tokenLEO Token (LEO) $ 4.12 9.15%
  • litecoinLitecoin (LTC) $ 52.99 2.37%
  • ethereum-classicEthereum Classic (ETC) $ 27.49 1.49%
  • cosmosCosmos Hub (ATOM) $ 12.66 2.74%
  • chainlinkChainlink (LINK) $ 7.39 3.05%
  • ftx-tokenFTX (FTT) $ 24.17 1.61%
  • stellarStellar (XLM) $ 0.120851 3.46%
  • nearNEAR Protocol (NEAR) $ 3.55 0.8%
  • crypto-com-chainCronos (CRO) $ 0.111339 0.57%
  • moneroMonero (XMR) $ 145.27 1.79%
  • algorandAlgorand (ALGO) $ 0.358443 0.12%
  • bitcoin-cashBitcoin Cash (BCH) $ 117.12 5.09%
  • quant-networkQuant (QNT) $ 140.46 2.8%
  • flowFlow (FLOW) $ 1.69 0.05%
  • vechainVeChain (VET) $ 0.023218 0.12%
  • apecoinApeCoin (APE) $ 5.28 3.91%
  • filecoinFilecoin (FIL) $ 5.58 2.32%
  • internet-computerInternet Computer (ICP) $ 6.06 0.87%
  • chain-2Chain (XCN) $ 0.072081 2.58%
  • hedera-hashgraphHedera (HBAR) $ 0.057543 0.05%
  • fraxFrax (FRAX) $ 0.997070 0.17%
  • chilizChiliz (CHZ) $ 0.239816 1.28%
  • tezosTezos (XTZ) $ 1.42 1.85%
  • decentralandDecentraland (MANA) $ 0.695329 0.85%
  • the-sandboxThe Sandbox (SAND) $ 0.835651 1.11%
  • eosEOS (EOS) $ 1.20 0.03%
  • axie-infinityAxie Infinity (AXS) $ 12.59 0.24%
  • elrond-erd-2Elrond (EGLD) $ 47.71 0.77%
  • theta-tokenTheta Network (THETA) $ 1.06 2.08%
  • aaveAave (AAVE) $ 74.54 1.18%
  • lido-daoLido DAO (LDO) $ 1.52 4.13%
  • compound-usd-coincUSDC (CUSDC) $ 0.022645 0.32%
  • bitcoin-svBitcoin SV (BSV) $ 48.27 2.15%
  • paxos-standardPax Dollar (USDP) $ 1.00 0.11%
  • kucoin-sharesKuCoin (KCS) $ 9.10 1.69%
  • true-usdTrueUSD (TUSD) $ 1.00 0.04%
  • iotaIOTA (MIOTA) $ 0.296189 2.69%
  • ecasheCash (XEC) $ 0.000041 0.05%
  • usddUSDD (USDD) $ 0.999934 0.05%
  • cdaicDAI (CDAI) $ 0.022038 0.36%
  • bittorrentBitTorrent (BTT) $ 0.00000077 1.68%
  • the-graphThe Graph (GRT) $ 0.097999 2.04%
  • tokenize-xchangeTokenize Xchange (TKX) $ 9.02 16.24%
  • zcashZcash (ZEC) $ 55.84 1.59%
  • makerMaker (MKR) $ 749.51 0.27%
  • pancakeswap-tokenPancakeSwap (CAKE) $ 4.59 3.78%
  • heliumHelium (HNT) $ 5.04 6.11%
  • gatechain-tokenGate (GT) $ 4.29 0.52%
  • neoNEO (NEO) $ 8.79 1.05%
  • radixRadix (XRD) $ 0.060868 1.32%
  • klay-tokenKlaytn (KLAY) $ 0.193872 0.86%
  • celsius-degree-tokenCelsius Network (CEL) $ 1.38 3.43%
  • huobi-tokenHuobi (HT) $ 4.43 0.9%
  • fantomFantom (FTM) $ 0.224292 1.3%
  • havvenSynthetix Network (SNX) $ 2.32 3.44%
  • compound-ethercETH (CETH) $ 26.38 2.31%
  • bitdaoBitDAO (BIT) $ 0.480167 0.31%
  • pax-goldPAX Gold (PAXG) $ 1,655.09 0.22%
  • nexoNEXO (NEXO) $ 0.904553 3.3%
  • osmosisOsmosis (OSMO) $ 1.08 2.19%
  • thorchainTHORChain (RUNE) $ 1.55 1.88%
  • zilliqaZilliqa (ZIL) $ 0.031261 0.03%
  • arweaveArweave (AR) $ 9.24 1.65%
  • dashDash (DASH) $ 41.92 0.84%
  • rocket-poolRocket Pool (RPL) $ 24.20 2.56%
  • basic-attention-tokenBasic Attention (BAT) $ 0.301339 1.22%
  • enjincoinEnjin Coin (ENJ) $ 0.451346 0.93%
  • xdce-crowd-saleXDC Network (XDC) $ 0.031887 0.97%
  • blockstackStacks (STX) $ 0.324554 0.76%
  • kavaKava (KAVA) $ 1.51 2.23%
  • evmosEvmos (EVMOS) $ 1.39 2.22%
  • ravencoinRavencoin (RVN) $ 0.036066 1.55%
  • compound-governance-tokenCompound (COMP) $ 61.16 0.06%
  • defichainDeFiChain (DFI) $ 0.698831 3.67%
  • tether-goldTether Gold (XAUT) $ 1,688.08 0.1%
  • reserve-rights-tokenReserve Rights (RSR) $ 0.009552 18.33%
  • mina-protocolMina Protocol (MINA) $ 0.583207 2.41%
  • terra-luna-2Terra (LUNA) $ 2.41 3.42%
  • stepnSTEPN (GMT) $ 0.641780 0.02%
  • ethereum-name-serviceEthereum Name Service (ENS) $ 14.87 7.52%
  • amp-tokenAmp (AMP) $ 0.004955 1.3%
  • wavesWaves (WAVES) $ 3.80 0.99%
  • kusamaKusama (KSM) $ 41.99 1.35%
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.892604 1.07%
  • decredDecred (DCR) $ 25.75 1.98%
  • compound-usdtcUSDT (CUSDT) $ 0.022020 0.11%
  • celoCelo (CELO) $ 0.785605 1.85%
  • loopringLoopring (LRC) $ 0.294204 1.38%
  • holotokenHolo (HOT) $ 0.002053 0.18%
  • nemNEM (XEM) $ 0.040428 0.51%
  • ecomiECOMI (OMI) $ 0.001272 1.22%
  • bitcoin-goldBitcoin Gold (BTG) $ 20.41 1.44%
  • curve-dao-tokenCurve DAO (CRV) $ 0.894291 4.17%
  • 1inch1inch (1INCH) $ 0.576020 0.95%
  • gemini-dollarGemini Dollar (GUSD) $ 0.997554 0.27%
  • convex-financeConvex Finance (CVX) $ 4.81 4.33%
  • gmxGMX (GMX) $ 39.60 1.71%
  • terrausdTerraClassicUSD (USTC) $ 0.031322 2.69%
  • theta-fuelTheta Fuel (TFUEL) $ 0.052425 2.02%
  • gnosisGnosis (GNO) $ 119.19 2.45%
  • oasis-networkOasis Network (ROSE) $ 0.060946 0.6%
  • galaGala (GALA) $ 0.040268 0.7%
  • qtumQtum (QTUM) $ 2.84 1.07%
  • nxmNexus Mutual (NXM) $ 43.14 0.95%
  • maiar-dexMaiar DEX (MEX) $ 0.000048 1.04%
  • olympusOlympus (OHM) $ 10.26 1.72%
  • frax-shareFrax Share (FXS) $ 4.26 1.84%
  • serumSerum (SRM) $ 0.760789 1.35%
  • safemoonSafeMoon [OLD] (SAFEMOON) $ 0.00000001 0.22%
  • kadenaKadena (KDA) $ 1.39 1.27%
  • iostokenIOST (IOST) $ 0.011711 0.95%
  • golemGolem (GLM) $ 0.274453 5.16%
  • iotexIoTeX (IOTX) $ 0.028907 0.26%
  • yearn-financeyearn.finance (YFI) $ 8,118.91 0.39%
  • ankrAnkr (ANKR) $ 0.030583 0.24%
  • huobi-btcHuobi BTC (HBTC) $ 19,271.12 3.52%
  • oec-tokenOKC (OKT) $ 14.08 0.66%
  • harmonyHarmony (ONE) $ 0.019867 0.61%
  • msolMarinade staked SOL (MSOL) $ 34.91 3.62%
  • convex-crvConvex CRV (CVXCRV) $ 0.854363 4.01%
  • omisegoOMG Network (OMG) $ 1.72 0.48%
  • synapse-2Synapse (SYN) $ 1.27 9.59%
  • livepeerLivepeer (LPT) $ 9.00 0.82%
  • juno-networkJUNO (JUNO) $ 3.84 2.77%
  • escoin-tokenEscoin (ELG) $ 3.15 0.21%
  • 0x0x (ZRX) $ 0.269927 0.34%
  • tensetTenset (10SET) $ 1.32 8.78%
  • justJUST (JST) $ 0.024674 1.31%
  • zelcashFlux (FLUX) $ 0.783297 3.09%
  • iconICON (ICX) $ 0.237566 0.65%
  • sushiSushi (SUSHI) $ 1.09 1.74%
  • magic-internet-moneyMagic Internet Money (MIM) $ 0.994846 0.03%
  • tether-eurtEuro Tether (EURT) $ 0.978906 0.02%
  • baby-doge-coinBaby Doge Coin (BABYDOGE) $ 0.00000000 0.4%
  • ontologyOntology (ONT) $ 0.222995 1.5%
  • balancerBalancer (BAL) $ 5.28 2.65%
  • merit-circleMerit Circle (MC) $ 0.663269 2.91%
  • optimismOptimism (OP) $ 0.895138 1.54%
  • constellation-labsConstellation (DAG) $ 0.071804 4.15%
  • nucypherNuCypher (NU) $ 0.150921 0.36%
  • linkLINK (LN) $ 29.47 2.46%
  • waxWAX (WAXP) $ 0.085237 0.98%
  • hiveHive (HIVE) $ 0.487949 0.74%
  • alchemix-usdAlchemix USD (ALUSD) $ 0.998690 0.28%
  • zencashHorizen (ZEN) $ 13.87 2.39%
  • immutable-xImmutable X (IMX) $ 0.759501 0.23%
  • siacoinSiacoin (SC) $ 0.003461 0.54%
  • audiusAudius (AUDIO) $ 0.213942 1.31%
  • moonbeamMoonbeam (GLMR) $ 0.446329 0.04%
  • liquity-usdLiquity USD (LUSD) $ 1.03 0.19%
  • chiaChia (XCH) $ 33.33 0.02%
  • secretSecret (SCRT) $ 0.940340 1.8%
  • ethosVoyager VGX (VGX) $ 0.579957 6.01%
  • songbirdSongbird (SGB) $ 0.019745 0.46%
  • safemoon-2SafeMoon (SFM) $ 0.000291 2.15%
  • umaUMA (UMA) $ 2.31 1.08%
  • dydxdYdX (DYDX) $ 1.26 1.63%
  • dao-makerDAO Maker (DAO) $ 1.41 0.94%
  • ergoErgo (ERG) $ 2.34 0.19%
  • neutrinoNeutrino USD (USDN) $ 0.974685 0.33%