Aviva partners with insurtech Ripe
Who’s involved: UK-based specialist provider, Ripe Insurance, and Aviva
What’s happening: Ripe Insurance has signed a five-year capacity deal with Aviva. Under the agreement, Aviva will become the capacity provider for the majority of Ripe’s niche insurance products in the sport, leisure and business sectors
Significance of development: As an insurtech business, the partnership provides Ripe with a partner that understands its digital model, can accelerate its product pipeline and can open up new opportunities for distributing Ripe products through Aviva channels
Timeline: The five-year agreement with Aviva is effective from January 2019
WCF Insurance links up with DataCubes
Who’s involved: US data science and machine learning platform, DataCubes, and US-based workers’ compensation insurer, WCF
What’s happening: WCF Insurance has announced a partnership with DataCubes
Significance of development: The collaboration will allow WCF to automate the data intake process and increase underwriting accuracy and productivity
Timeline: With immediate effect
SafetyWing partners with Eddy Travels
Who’s involved: AI-powered travel assistant, Eddy Travels, and digital travel medical insurance platform SafetyWing. SafetyWing’s insurance partner is Tokio Marine HCC
What’s happening: SafetyWing is partnering with Eddy Travels to expand its travel medical insurance offering
Significance of development: As part of the partnership, Eddy Travels and SafetyWing say they plan to expand the integration further in a bid to create “an even smoother experience” for travellers looking for travel medical insurance
Timeline: With immediate effect
Slice Labs launches new AI tool to predict insurance risk
Who’s involved: US-based Insurance cloud platform provider Slice Labs and Slice Mind, a new business unit of Slice
What’s happening: Slice Labs has launched a new business unit, Slice Minds, to help companies with insurance risk modelling, product recommendations and personalisation
Significance of development: Slice Mind says it will enable companies and their customers to be better protected against risk due to its ability to predict potential claims, among other capabilities
Timeline: With immediate effect