Several insurance companies disclosed new products and coverage enhancements in recent days.
Life and health
Humana Inc. partnered with Monogram Health Inc. and Somatus Inc. to offer personalized and coordinated services for Humana's Medicare Advantage and commercial members with kidney disease.
Monogram Health will serve eligible Humana members in Louisiana and Mississippi, while Somatus will serve eligible members in Georgia and Virginia starting Jan. 1, 2020.
Sidecar Health Insurance Solutions LLC launched its health insurance product into North Carolina.
Aviva PLC launched a product for the renewable energy market in London, including onshore wind farms, solar power and battery storage.
The product provides full lifecycle coverage in areas including marine project cargo, construction, operation, third-party liability and terrorism cover.
AIA Group Ltd. partnered with AYA Financial Group and Max Myanmar Group to launch a life insurance venture in Myanmar, Insurance Business Asia reported.
LV= upgraded its income protection plan to support renters.
Income Protection for Renters includes features like a new guaranteed increase option, unemployment payment holiday and a death benefit of up to £10,000.
LV= is a trademark of the Liverpool Victoria Friendly Society Ltd. and is a trading style of the LV= Group of Cos.
Ladder Insurance Services LLC will offer its LadderLife term life insurance product in New York starting in January 2020, after receiving the necessary regulatory approvals. Allianz Life Insurance Co. of New York issues the product.
CNP Assurances SA partnered with BPE SA and La Banque Postale SA to launch BPE Emeraude, a multi-vehicle life insurance policy for BPE's private clients.
The policy will provide BPE's private clients financial support for a minimum initial deposit of €50,000.
Property and casualty
Chaucer PLC partnered with QOMPLX Inc. to launch WonderCover, a multi-peril parametric insurance product for small to medium-sized enterprises.
The initial offering of the product will provide protection from specific cyber, IT interruption and terrorism triggers. WonderCover is available on the Acturis platform through QOMPLX's managing general agency, QOMPLX MGA.
China Reinsurance (Group) Corp. is the parent company of Chaucer.
Omaha National Insurance Co. expanded its coverage New Jersey.
C.V. Starr & Co. Inc. was chosen as the lead insurer for the Civil Aviation Administration of China account, which includes EasyJet and Philippine Airways, The Insurance Insider reported.
The CAAC account, which has a total fleet of about 400 aircraft, has the biggest airline insurance contract in the world, according to the report.
Celerity Pro launched its cyber liability and miscellaneous professional liability products for small to medium-sized businesses, Business Insurance reported.
New York-based Celerity Pro is backed by Munich Re Specialty Insurance, a unit of Munich Re.
Cosmetic Insurance Services expanded its underwriting guidelines to offer insurance for cosmetic and beauty products that contain cannabidiol.
Cosmetic Insurance Services is a division of Epic Insurance Brokers and Consultants.
Plymouth Rock Assurance Corp. expanded its home and auto insurance coverage into New York.
The company also launched @Home, its digital product for homeowners in New York.
Trov Inc. partnered with Sompo Holdings Inc. to unveil Mobility Solutions, which will cater to the needs of new transportation businesses such as micro-mobility, car-sharing, ride-hailing and autonomous vehicle fleets in Asia.
The product combines Trov's Mobility Insurance Platform with Sompo's local market knowledge and operations.
Malaysian Reinsurance Bhd. signed a memorandum of understanding with the Singapore branch of Pacific Life Re Ltd. to provide retakaful solutions to family takaful operators through Malaysian Re's retakaful division.
Links are current as of publication time; S&P Global Market Intelligence is not responsible if those links are unavailable later.