Several insurance companies disclosed new products and coverage enhancements in recent days.
Life and health
AllianceBernstein LP picked Jackson National Life Insurance Co. as one of the insurers that will back its in-plan, guaranteed income solution.
_______________________________
Midwest Holding Inc. subsidiary American Life & Security Corp. rolled out a multiyear guaranteed annuity product for the registered investment adviser market.
The product is available for qualified and nonqualified plan types and includes the option of a three- or five-year guarantee with the rate guaranteed for the entire term period.
_______________________________
Max Life Insurance Co. Ltd. unveiled Smart Wealth Income Plan, an individual life insurance savings plan, Telangana Today reported.
The product offers a life-long income stream, options to build secondary income stream and an option to accrue survival benefits, among other things.
Property and casualty
Prestige Underwriting Services Ltd added insurer hosted pricing functionality, Flood Re capability and LexisNexis data enrichment, among other enhancements, to its nonstandard home insurance, Coverall.
_______________________________
Chaucer Holdings Ltd. partnered with insurtech startup Yokahu to roll out a parametric microinsurance product that will provide cover following hurricane events in the Caribbean.
_______________________________
Front Row Insurance Brokers LLC made available its online event liability insurance program in California, New York and Texas.
The product offers up to $2 million liability insurance protection in case of injury to guests and damage to the venue, among other incidents.
_______________________________
The Independent Veterinary Practitioners Association partnered with Trupanion Inc.
Using the insurer's payment solution, veterinarians can receive direct payment for invoices at the time of checkout.
_______________________________
Under a strategic relationship with managing general underwriter Petplan Ltd., Axis Insurance will provide underwriting capacity for pet insurance policies for dogs and cats in the U.S. and Canada.
Axis Insurance is the specialty insurance business segment of Axis Capital Holdings Ltd.
_______________________________
Topsail Insurance Pty. Ltd. partnered with ARAG Services Australia Pty. Ltd. to launch ARAG Marine Essentials Legal Expense Insurance, a marine legal expenses product for the domestic boating sector in Australia, Insurance Business Australia reported.
_______________________________
Nib holdings Ltd. is resuming travel insurance sales to Australian and New Zealand residents in November after securing Pacific International Insurance Pty Ltd. as an underwriting partner.
_______________________________
Sanlam Kenya PLC agreed to be the underwriting services provider for Letshego Kenya Ltd.'s insurance arm, The Star reported.
Under the partnership, Sanlam Kenya will underwrite the products offered by Letshego, including motor, personal accident, funeral cover and home insurance, according to the report.
_______________________________
Topa Insurance Group and managing general agent FTP of California linked up to create a commercial property program that offers monoline property on a primary and full-limit basis, Insurance Business America reported.
The program focuses on risks with values up to $50 million. Its target classes include apartments, hotels and motels, lessor's risk only properties, retail space and vacant properties.
Links are current as of publication time; S&P Global Market Intelligence is not responsible if those links are unavailable later.
