Building on the success of the firm’s Construction Ecosystem, the new Ecosystem helps clients adopt new technology solutions to proactively mitigate business risk.
The solution provides evidence-based authentic and transparent data to let companies measure the financial impact of cyber risks on their business.
FMI will offer all of its homeowners policyholders a digital home management and claim prevention solution called FMI HomeAssist, powered by vipHomeLink.
The new capital, raised with Participation from MS&AD, will drive expansion of Vesttoo’s Insurance-Linked Program (ILP) offering, a security-based investment portfolio.
The InsurTech MGA will also use CyberCube’s Single Point of Failure (SPoF) model and Attritional Loss model as it seeks to grow its business.
The service uses a sensor that detects the sound of a smoke alarm and provides notification of a potential fire to property manager as well as 24/7 monitoring center.
Divided into agent and broker services, CAT modeling services, and claims services, the new offering provides an a la carte option for insurers needing critical support with minimal ramp-up time.
The solution, implemented within 10 months, will enable the Ohio-based insurance group to collect survey data on risks digitally, rather than in person, saving time and resources.
Kovrr’s technology lets Aon factor cyber risk quantification and analyze reinsurance treaties, fully integrated into its ReMetrica Capital Modeling software.
Applying risk modeling and proprietary data for cyber security risk reduction, the companies gain increased confidence in and lowered cost for cyber risk coverage.