MS&AD Insurance Group

Coalition and MS&AD Insurance Group Announce Partnership to Provide Cybersecurity Insurance Solutions in Japan

Retrieved on: 
Wednesday, October 4, 2023
Software, Networks, Internet, Data Management, Technology, Apps, Applications, Mobile, Wireless, Security, ADS Group, Partnership, ASEAN, Insurance, Risk management, Risk assessment, Luigi, MS, SMB, MS&AD Insurance Group, Risk, Hospital Insurance and Diagnostic Services Act, AD, Arms industry, Coalition

Coalition , the world's first Active Insurance provider designed to prevent digital risk before it strikes, today announced a strategic partnership with MS&AD Insurance Group , the largest non-life insurer in Japan and across the ASEAN region, to provide cybersecurity monitoring solutions to small and medium-sized businesses (SMBs).

Key Points: 
  • Coalition , the world's first Active Insurance provider designed to prevent digital risk before it strikes, today announced a strategic partnership with MS&AD Insurance Group , the largest non-life insurer in Japan and across the ASEAN region, to provide cybersecurity monitoring solutions to small and medium-sized businesses (SMBs).
  • MS&AD Insurance Group recently launched the MS&AD Cyber Risk Finder, its first cyber risk assessment service built using Coalition Control™, a risk management platform developed by Coalition.
  • MS&AD Cyber Risk Finder is currently available to the entire Japanese SMB market.
  • “Through our partnership with Coalition, we can offer cyber risk assessments and diagnostic services tailored for Japanese SMBs at a lower cost.

First Ever Digital Asset-Denominated Life Insurance Provider, Meanwhile, Launches with $19M Funding from OpenAI CEO Sam Altman and Google-Backed Gradient Ventures

Retrieved on: 
Tuesday, June 6, 2023
Finance, Professional Services, Digital Cash Management, Digital Assets, Other Technology, Technology, Insurance, Blockchain, Life, Bermuda Monetary Authority, Perception, Policy, Head, Public policy, OpenAI, Founders Fund, MS&AD Insurance Group, Investment, Artificial intelligence, Entrepreneurship, AI, BTC, Bermuda, Cryptocurrency, Life insurance, Bitcoin, Stripe

Other notable backers in insurance and crypto venture capital include Muoro Capital (Santander), MS&AD Insurance Group’s venture arm, and Hudson Structured Capital Management, a leading re/insurance investor.

Key Points: 
  • Other notable backers in insurance and crypto venture capital include Muoro Capital (Santander), MS&AD Insurance Group’s venture arm, and Hudson Structured Capital Management, a leading re/insurance investor.
  • "Meanwhile is sitting at the confluence of the AI and digital assets transformation," said Anna Patterson, Managing Partner at Gradient Ventures.
  • "The team has an opportunity to change how consumers use digital money and set a new standard for tech-enabled life insurance providers.
  • “Meanwhile flips this perception on its head, uniting both blockchain and AI to create a truly one-of-a-kind, dynamic life insurance program.

AM Best Upgrades Credit Ratings of Foresight's Carrier MS Transverse to A (Excellent)

Retrieved on: 
Wednesday, May 10, 2023
Insurance, Business development, Risk management, AM Best, Foresight, VII, MGA, MS&AD Insurance Group, Credit, SAN, Cryptocurrency

SAN FRANCISCO, May 10, 2023 /PRNewswire/ -- Foresight Commercial Insurance , the workers' compensation provider that reduces claims frequency with proprietary safety technology, today announced that its carrier, MS Transverse Insurance Group , received upgraded credit ratings by AM Best and now holds "A" (Excellent) in both Financial Strength and Long-Term Issuer Credit Ratings.

Key Points: 
  • SAN FRANCISCO, May 10, 2023 /PRNewswire/ -- Foresight Commercial Insurance , the workers' compensation provider that reduces claims frequency with proprietary safety technology, today announced that its carrier, MS Transverse Insurance Group , received upgraded credit ratings by AM Best and now holds "A" (Excellent) in both Financial Strength and Long-Term Issuer Credit Ratings.
  • In March 2022, MS Transverse's reserves rating was upgraded from A- VII to A- VIII (seven to eight).
  • "We are pleased that AM Best has recognized our progress towards building the preeminent solution for MGAs, Program Managers, and their clients.
  • Our new involvement with MS&AD Insurance Group bodes well for us to continue this journey," said Ric Victores, MS Transverse Head of Business Development.

MSIG Holdings (U.S.A.) Inc. Chooses One Inc to Transform Claims Payments

Retrieved on: 
Thursday, January 26, 2023
Technology, Mobile, Wireless, Insurance, Finance, Fintech, Professional Services, Networks, Internet, Data Management, MS&AD Insurance Group, IA Financial Group, P&C

One Inc , the leading digital payments network for the insurance industry, announced today that MSIG Holdings (U.S.A), Inc. has chosen the ClaimsPay ® platform to transform the company's outbound payment process.

Key Points: 
  • One Inc , the leading digital payments network for the insurance industry, announced today that MSIG Holdings (U.S.A), Inc. has chosen the ClaimsPay ® platform to transform the company's outbound payment process.
  • The selection, which will represent one of the largest ClaimsPay implementations for a globally held client to date, will help MSIG diversify its payment options as well as rationalize its stateside payments infrastructure and associated costs.
  • MSIG insurers are part of a global network of operations and are members of the MS & AD Insurance Group.
  • “MSIG strives to use high-performing technology and provides expert support throughout our various lines of business.

Akur8 and MS&AD Insurance Group Announce Strategic Partnership

Retrieved on: 
Tuesday, June 7, 2022
Software, Insurance, Finance, Consulting, Data Management, Accounting, Professional Services, Technology, MS&AD Insurance Group, Insurance, ASEAN, AI, CEO, Partnership, Innovation, International, Multimedia, MSI, Growth, American Radio Relay League, Machine learning, Industry, Safety, Risk management, Health insurance

Akur8 and MS&AD Insurance Group are pleased to announce their new partnership to foster further innovation.

Key Points: 
  • Akur8 and MS&AD Insurance Group are pleased to announce their new partnership to foster further innovation.
  • The partnership has started with Mitsui Sumitomo Insurance Co., Ltd. (MSI), a part of MS&AD Insurance Group, which comprises five major insurers and benefits from over a hundred years of experience in the insurance industry.
  • Akur8 is delighted to announce this partnership with MS&AD Insurance Group!
  • MS&AD Insurance Group Holdings, Inc. is a leading global insurance organization, engaging in the management of its group companies which are Mitsui Sumitomo Insurance Co., Ltd., Aioi Nissay Dowa Insurance Co., Ltd. and others.

Aioi Nissay Dowa Insurance New Zealand Deploys Guidewire InsuranceSuite on Guidewire Cloud for Business Growth

Retrieved on: 
Monday, May 23, 2022
Data Management, Technology, Professional Services, Security, Software, Networks, Internet, Insurance, Mobile, Wireless, Hardware, Finance, Cloud, Â, Smart Communications, Environment, MS&AD Insurance Group, Commercial Motor, Insurance, P&C, Industry, Payment protection insurance, Safety, Twitter, Payment, Aioi, NYSE, Tech Mahindra, Risk management, Cryptocurrency, Video game, Guy-wire

The company has implemented InsuranceSuite on Guidewire Cloud for its Domestic Motor, Commercial Motor, and Payment Protection lines of business.

Key Points: 
  • The company has implemented InsuranceSuite on Guidewire Cloud for its Domestic Motor, Commercial Motor, and Payment Protection lines of business.
  • Aioi Nissay Dowa Management NZ selected InsuranceSuite on Guidewire Cloud in November 2020.
  • Chris Day, managing director, Tenzing, said, We are honored to have led this highly successful project to implement InsuranceSuite on Guidewire Cloud at Aioi Nissay Dowa Management NZ.
  • We congratulate Aioi Nissay Dowa Management NZ on its successful InsuranceSuite deployment on the Guidewire Cloud, said Roland Slee, managing director, Asia-Pacific at Guidewire.

MSIG Asia Selects Clearwater Analytics for Investment Analytics and Investment Reporting

Retrieved on: 
Tuesday, May 17, 2022
Risk, AUM, Mitsui Sumitomo Insurance Group, MS&AD Insurance Group, Multimedia, View, Accounting, Data collection, Clearwater Analytics, IAAA, NYSE, Compliance, LinkedIn, Twitter, Software as a service, Growth, ESG, Bank

MSIG's Asia office along with its business units in Hong Kong, Malaysia, and Thailand will lead the transformation followed by more markets across the region.

Key Points: 
  • MSIG's Asia office along with its business units in Hong Kong, Malaysia, and Thailand will lead the transformation followed by more markets across the region.
  • MSIG undertook a comprehensive review of providers and chose Clearwater with its SaaS offering, deep insurance market expertise, and continued growth commitment to the Asia market.
  • "We are confident that Clearwater is the right partner to support us as we further our investment priorities for 2022 and beyond."
  • They have consistently proven success in their long-term view of the business, and we are happy Clearwater's self-service digital reporting across all assets aligns with their strategic priorities," said Gayatri Raman, President, Europe and Asia, Clearwater Analytics.

CoverGo Raises $15 Million Series A to Expand Global Adoption of the Leading No-code Insurance Platform

Retrieved on: 
Wednesday, May 11, 2022
Dai, Insurance, NEW, Evergreen, Policy, Health, MS&AD Insurance Group, P&C, SAAS, Founder, Deloitte, Industry, Workforce, AXA, Adoption, Bank, IBM, CEO, Old Mutual, Accenture, Growth, Health insurance

NEW YORK and SINGAPORE, May 9, 2022 /PRNewswire/ -- CoverGo, the leading global enterprise no-code SAAS insurance platform, today announced it has secured $15 million in Series A funding led by California-based SemperVirens VC with participation from US venture capital firms SixThirty, Tribeca Early Stage Partners and Fresco Capital. Strategic investors include pan-African insurance group Old Mutual, Asia-based insurance group Asia Financial Holdings, US-based XN Worldwide Insurance (part of the Henner Group) and Middle East and African insurance fund Noria Capital. Existing insurtech investors also participated in the oversubscribed round.

Key Points: 
  • Strategic investors include pan-African insurance group Old Mutual, Asia-based insurance group Asia Financial Holdings, US-based XN Worldwide Insurance (part of the Henner Group) and Middle East and African insurance fund Noria Capital.
  • "The new funding and unique mix of strategic insurance investors will help accelerate adoption of CoverGo by insurance companies globally."
  • CoverGo has developed the insurance industry's first out-of-the-box, modular, no-code insurance platform powered by over 500 open insurance APIs enabling insurance companies to transform digitally in the most flexible, scalable and cost-effective way.
  • SemperVirens is a leading US-based ecosystem-driven investment firm focused on companies in the workforce, healthcare, and financial technology markets.

CoverGo Raises $15 Million Series A to Expand Global Adoption of the Leading No-code Insurance Platform

Retrieved on: 
Wednesday, May 11, 2022
Dai, Insurance, NEW, Evergreen, Policy, Health, MS&AD Insurance Group, P&C, SAAS, Founder, Deloitte, Industry, Workforce, AXA, Adoption, Bank, IBM, CEO, Old Mutual, Accenture, Growth, Health insurance

NEW YORK and SINGAPORE, May 11, 2022 /PRNewswire/ -- CoverGo, the leading global enterprise no-code SAAS insurance platform, today announced it has secured $15 million in Series A funding led by California-based SemperVirens VC with participation from US venture capital firms SixThirty, Tribeca Early Stage Partners and Fresco Capital. Strategic investors include pan-African insurance group Old Mutual, Asia-based insurance group Asia Financial Holdings, US-based XN Worldwide Insurance (part of the Henner Group) and Middle East and African insurance fund Noria Capital. Existing insurtech investors also participated in the oversubscribed round.

Key Points: 
  • Strategic investors include pan-African insurance group Old Mutual, Asia-based insurance group Asia Financial Holdings, US-based XN Worldwide Insurance (part of the Henner Group) and Middle East and African insurance fund Noria Capital.
  • "The new funding and unique mix of strategic insurance investors will help accelerate adoption of CoverGo by insurance companies globally."
  • CoverGo has developed the insurance industry's first out-of-the-box, modular, no-code insurance platform powered by over 500 open insurance APIs enabling insurance companies to transform digitally in the most flexible, scalable and cost-effective way.
  • SemperVirens is a leading US-based ecosystem-driven investment firm focused on companies in the workforce, healthcare, and financial technology markets.

Socotra Chosen as Core Platform to Power Aioi Nissay Dowa’s MOTER Commercial Fleet Insurance Program

Retrieved on: 
Friday, February 25, 2022
GLOBE, Risk, Emergency, Insurance, Algorithm, Data analysis, MS&AD Insurance Group, Mobility, Original equipment manufacturer, API, Data science, Safety, CA, MGA, AD, Maintenance, Technology, CEO, Policy, Risk management, Mobile phone, Socotra

AUSTIN, Texas, Feb. 25, 2022 (GLOBE NEWSWIRE) -- Aioi Nissay Dowa Insurance and MS&AD Venturessubsidiaries of MS&AD Insurance Groupannounced today that the advanced software development company, MOTER Technologies , has chosen Socotra to power a new telematics-based commercial fleet insurance product.

Key Points: 
  • AUSTIN, Texas, Feb. 25, 2022 (GLOBE NEWSWIRE) -- Aioi Nissay Dowa Insurance and MS&AD Venturessubsidiaries of MS&AD Insurance Groupannounced today that the advanced software development company, MOTER Technologies , has chosen Socotra to power a new telematics-based commercial fleet insurance product.
  • Aioi Nissay Dowa Insurance is a telematics technology pioneer with over one million policies written for its pay-how-you-drive personal auto insurance product in Japan.
  • The company provides advanced insights to OEMs, fleet owners, and insurance companies to better manage risk, protect assets, and develop data-driven products and services.
  • Socotra is the first cloud-native core platform with open APIs empowering both global insurers and insurtech startups to rapidly develop and distribute products with minimal effort and costs.