CyberCube partners with Duck Creek to streamline cyber risk evaluation and automate underwriting

Key Signals in Insurance

Center setup
Mutual of Omaha’s new HQ tower to cost USD 433 Mn 
The company plans to build in downtown Omaha. The company wants to complete the tower by early 2026 with about 800,000 square feet of office space, smaller than Mutual’s current headquarters in midtown Omaha, which has more than 1 million square feet. Read More>>
Insurers to benefit from streamlined underwriting and risk evaluation as CyberCube partners with Duck Creek Technologies 
CyberCube partnered with Duck Creek’s insurance core systems to streamline the underwriting of cyber insurance policies. The partnership will see CyberCubes Risk Scoring Analytics application programming interface (API) integration into Duck Creek Policy, the award-winning underwriting platform. Read More>>
MetLife partners with Aura 
Aura will collaborate with MetLife, where it will be the exclusive distributor of Aura’s digital security solutions in the employer channel. Aura’s solution will help safeguard employee’s digital identity and provide peace of mind that what matters most is protected. Read More>>
Executive Movement
Aviva appoints Tumelo CEO Georgia Stewart to Independent Governance Committee 
Aviva appointed Georgia Stewart to its Independent Governance Committee (IGC) as a non-independent member. Georgia is a co-founder and CEO of Tumelo, a company that inspires and enables pension members to engage with companies they are invested in on issues they care about, such as gender equality, human rights, and climate change. Read More>>
JFCS of the Suncoast appoints new chief of Client Services 
JFCS of the Suncoast brought in Collins as its new chief of client services. Collins will oversee all non-clinical programs and services, including homeless and prevention services, the Operation Military Assistance program for veterans, career and financial advancement, Building Strong Families, Ignite and REACH, JFCS’ fatherhood, and relationship programs. Read More>>
AXA XL names Patrick Dougherty as Global Head, Commercial Bonds 
The company appointed Patrick Dougherty as Global Head, Commercial Bonds. He will oversee the strategic direction, manage the portfolio’s profitable growth, and collaborate with AXA XL’s client management team, zonal product leaders, and the Americas Specialty team. Read More>>
Financial and Market Activity
Gore Mutual posts double-digit growth and accelerates transformation 
The mutual insurer grew its business by nearly 17%with gross written premiums of USD 590 Mn. The company’s combined operating ratio is 99% after accounting for more than $USD 35 Mn of transformation investments. Read More>>

Latest Industry Insights from Draup Braindesk

  • Cigna introduced the myCigna app to personalize, organize, and access health information from near and far. 
  • SunTrust, a subsidiary of Truist, has launched an AI-based chatbot for simple queries. The investors can use chatbots to communicate with SunTrust for simple queries to cut back on the time human advisors need to spend on such tasks. 
  • Truist planned to launch a robo-advisor with artificial intelligence (AI). Robo advisor in the banking and financial industry aids users with financial advice/investment management online with minimal human intervention. 
  • Cigna developed Cigna easy file auto compare that enables customers to receive specific severe conditions, emergency treatment, accidental injury, and optimize future insurance payments.

Key Funding Alert

EverQuote announces USD 15 Mn Private Placement Investment 
This investment will help support EverQuote’s long-term vision of becoming the largest online source of insurance policies by using data and technology to make insurance simpler, more affordable, and personalized. Read More>>

Startup Spotlight

Company – Voom Insurance
Total Funding – USD 22 Mn
About: VOOM is a full-stack digital insurance company for new mobility. They work with innovative (re)insurance companies to bridge the gap between their current legacy IT systems and today’s mobility trends and customer needs. Read More>>
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