Munich Reinsurance AmericaInc. has unveiled its Smart Mobility Program toaddress issues surrounding commercial auto losses and to helpreduce or avoid the risk of collision for commercial fleets. SmartMobility includes LossDetect, an automated text-mining tool thatanalyzes automotive claims data and recommends potentialsolutions.
|Allianz Global Corporate &Specialty (AGCS) has partnered with Israel-baseddrone safety systems company ParaZero. The partnership is scheduledfor initial rollout in the U.S. followed by other regions whereAGCS insurances unmanned aircraft.
|The Travelers Institute, the public policydivision of The Travelers Companies Inc., co-hosted a symposiumwith the Harvard T.H. Chan School of Public Health in Boston toexplore new approaches to reducing distracted driving-relatedcrashes. Visit the Travelers Institute websitefor more information about the event and thecompany's Every Second Matters campaign.
|Liberty Mutual has introducednew commercial products to its Umbrella and Contractor's Equipmentcoverage which require fewer endorsements. The new umbrellafeatures include:
- Worldwide coverage
- Tracking aggregates
- Shaving of limits
Trōv's On-Demand Insurance has gained its41st state approval from New York, bringing the company closer to afull launch in the U.S. The company recently opened its second U.S.office in New York City.
|Specialist insurer Beazley has launched BeazleyWeather Guard, a digital insurance policy that protects eventorganizers against the effects of severe weather that may cause thecancellation of an outdoor event. It can also be used by retailersto insure weather-related sales promotions, linking a sales refundto an unusual weather event.
|Celent has announced therecipients of the 2018 Model Insurer Awards. Celent's annualModel Insurer Awards recognizes the effective use oftechnology by insurers through their implementation of IT programsthat epitomize best practices for technology projects. A full listof the winners can be found on Celent's website.
|TheHanover Insurance Group Inc. has expanded itscommercial lines customer service center to service additionalspecialty coverages within management liability. The Hanover'sservice center expansion includes the following coverages:
- Directors and officers
- Employment practices liability
- Fiduciary liability
- Fidelity and crime
- Kidnap and ransom
- Cyber and security
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