18 Jan, 2021

Covr, Americo Financial, Scor team up to launch life insurance policy

Several insurance companies disclosed new products and coverage enhancements in recent days.

Life and health

Allianz SE will be the worldwide insurance partner of the International Olympic Committee and International Paralympic Committee.

Allianz and its companies will support athletes, teams, volunteers and fans of the Olympic and Paralympic Movements through an eight-year worldwide partnership, effective Jan. 1.

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Cigna Corp. added Iora Health Inc. to its Medicare Advantage network.

Cigna's Medicare Advantage customers will gain access to Iora Health's primary care practices across the U.S., including in Denver, Charlotte in North Carolina, Houston, Atlanta, and Tucson in Arizona.

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Aflac Inc. launched its network-based dental and vision insurance offering for businesses with at least three employees.

Through a partnership with Davis Vision Inc., the company will provide vision insurance coverage across 38 states through its network of more than 85,000 providers that include independent private-practice optometrists and ophthalmologists.

Aflac also unveiled Aflac Dental Insurance, which covers routine and unexpected dental expenses through a network of 270,000 dental providers in 39 states and Washington, D.C.

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Washington National Insurance Co. unveiled Monthly Income Protection, a term life insurance product for businesses and employer groups.

Monthly Income Protection structures the death benefit in monthly payments similar to a monthly paycheck for surviving beneficiaries instead of a lump sum payment.

Washington National Insurance is a subsidiary of CNO Financial Group Inc.

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Covr Financial Technologies LLC partnered with Americo Financial Life & Annuity Insurance Co. and Scor SE to launch LoanMatch Protector, a life insurance policy customized to a customer's loan amortization schedule.

LoanMatch Protector provides coverage to businesses and individual customers of banks, credit unions, lenders, e-banks and direct lenders through Covr's digital life insurance platform.

Property and casualty

Cowbell Cyber Inc. unveiled Prime Plus, an excess cyber coverage line for businesses with up to $1 billion in revenue.

Prime Plus provides businesses an additional $10 million in excess limits. The excess line complements Cowbell Cyber's Prime 100 and Prime 250 flagship admitted programs.

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Farmers Insurance Exchange is offering its digital-first auto, home, condo and renters' insurance products in Mississippi through its website and mobile app.

Policyholders can customize their policies to include rideshare coverage and other optional endorsements.