Digital Risk Engineer uses Internet of Things devices to monitor and capture information about buildings.
Insurtech FloodFlash has launched a new iteration of its parametric commercial flood insurance designed to support risks and portfolios where the flood premium is between £20,000 and £1m annually.
Biba says the scheme, which is underwritten by A+ rated capacity, will allow its members to easily access cover for small businesses, global operators and large fleets.
The product is underwritten by Axa and the wholesale broker says it has removed “non-essential” cover in order to offer a more affordable option.
Provider says offering notifies policyholders of critical, time-sensitive threats and vulnerabilities in real-time, leveraging its proprietary data enrichment platform.
The new offering is available to brokers and Stoneways stated that the policy includes covers such as non-medical repatriation and mental health support for those onboard.
Product now includes a 'dark web' monitoring and ID theft restoration service, which the provider says will "enable brokers to build a truly unique proposition".
The platform has been designed to help brokers and their clients manage strategic and operational risk as schools re-open amid the Covid-19 pandemic.
Provider says its offering is now available to mid-market companies.
The product covers nuclear, biological, chemical and radiological attacks.
The backing comes from A-rated capacity and lasts for three years.
The product is backed by Mapfre and AllClear CEO Chris Rolland confirms it is available for other brokers to sell.
The software house has partnered with the insurance intelligence provider.
Broker Extra 2020: With growing numbers of customers disillusioned with insurance and questioning its worth, along with changing needs, does the market need to innovate? This session looked at the issues from a wide perspective.
The sharing economy specialist has secured capacity from Accredited Insurance.
Product also aims to protect against risks associated with connected buildings and the internet of things
The product is aimed at businesses pursuing small portfolio add-on acquisitions that may otherwise go uninsured.
Provider predicts virtual events will continue after Covid-19 lockdown eases.
Insurer says new offering provides enhanced levels of cover and a simplified claims process for the lower value losses.
The specialist insurer will no longer write personal accident or contingency insurance, partly due to the impact of Covid-19, with redundancies expected.
The software house says the partnership provides brokers with access to the latest home products from Plum.
The Gallagher-owned MGA says SMEs who achieve the certification and then buy cyber insurance from Pen through their broker will receive a premium discount.
Exclusive: Provider says single vehicle business is "no longer core broker territory".
The regulator expects all insurers and brokers to have taken necessary action by 3 December this year.