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In This List

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Swiss Re unveils digital parametric natural catastrophe platform in US

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

Life and health

Lincoln National Corp. unveiled its group benefits small business solutions model for small-business owners with fewer than 100 employees. Coverage includes long-term disability, short-term disability, group life, dental, accident and vision.

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AmeriHealth Caritas North Carolina and Community Care Physician Network LLC signed an agreement that will allow Community Care's clinicians to provide primary care services to AmeriHealth Caritas North Carolina's members.

AmeriHealth Caritas North Carolina is a part of AmeriHealth Caritas. The company will begin to serve Medicaid enrollees in North Carolina on November.

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Direct Line Insurance Group PLC partnered with American International Group Inc. to launch a new life insurance proposition through its Direct Line and Churchill brands.

The partnership is a part of a five-year agreement between the companies that will allow AIG to provide life insurance with a critical illness option to Direct Line's customers.

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Standard Insurance Co. is offering Index Select Annuity, its single premium deferred fixed-index annuity through LPL Financial LLC.

The product allows investors to earn interest based on the upside performance of the S&P 500 index, with options including index crediting with a cap rate, index crediting with a participation rate and fixed interest crediting.

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Health Insurance Innovations Inc. will offer term life insurance policies and accidental death and dismemberment policies through agilelifeinsurance.com, its new online marketplace where customers can compare and purchase insurance products.

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Indian Bank signed bancassurance agreements with SBI Life Insurance Co. Ltd., Aditya Birla Sun Life Insurance Co. Ltd. and Cholamandalam MS General Insurance Co. Ltd., according to reports in The Hindu Business Line and Money Control.

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Humana Inc. was selected by the Lousiana Department of Health to serve eligible Medicaid recipients in Louisiana, starting in January 2020.

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AmeriHealth Caritas Health Plan, through AmeriHealth Caritas Louisiana Inc., secured a contract to continue its Medicaid managed care program in Louisiana. The new contract begins in January 2020.

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Life Insurance Corp. of India unveiled Jeevan Amar, a non-linked term insurance plan, The Pioneer reported.

Customers will be able to choose from two death benefit options, Level Sum Assured and Increasing Sum Assured, and the option to receive death benefit payment as a lump-sum payment or in installments.

Property and casualty

The Monetary Authority of Macau and the Macau Economic Bureau launched a natural disaster insurance plan and financial support plan for small and medium enterprises, Macau Business reported.

The program will protect small and medium enterprises from commercial property damage resulting from a signal 8 typhoon or red storm surge warning and above, according to the report.

Hong Kong-based China Taiping Insurance Holdings Co. Ltd. and five local insurers will provide the policies for the program.

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Swiss Re Corporate Solutions Ltd., through its Innovative Risk Solutions division, unveiled Parametric Online Platform STORM, a digital parametric natural catastrophe platform for small and medium enterprises in the U.S., Artemis reported.

The natural catastrophe risk transfer platform focuses on coastal areas in the U.S. that suffer impacts from large hurricane events, according to the report.

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ISMIE Mutual Insurance Co. partnered with the Kentucky Osteopathic Medical Association, or KOMA, to launch an affinity program partnership that allows KOMA members to receive access to the risk management services of ISMIE, Insurance Journal reported.

The program will also offer premium discounts and other benefits to KOMA members and special discounts to eligible physicians coming out of residency.

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Brady Risk Management partnered with Liberty Mutual Insurance Co. to offer a restaurant workers' compensation in the U.S.

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Everest Re Group Ltd. unveiled Everest Elevation REIT Management Liability Policy, its new insurance policy that will provide management liability coverage for real estate investment trusts, or REITs.

The program will address directors and officers exposures specific to REITs, including formal entity investigation coverage and pre-claim expense coverage.

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Bangkok-based Thaivivat Insurance Public Co. Ltd. partnered with Advanced Info Service PCL to launch a minute-by-minute motor insurance policy that automatically activates when a customer starts driving their car, Nikkei Asian Review reported.

The policy will include a tracking device, embedded with a sim card, that customers will plug into their vehicles. The device would send data when the customer starts or shuts down the engine of the car through Advanced Info Service's network.

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Root Insurance Co. has expanded its direct-to-consumer auto insurance product in California.

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Fidelity Investments partnered with Travelers Cos. Inc. and U.S. defense contractor Raytheon Co. to offer their employees a new benefit designed to help eliminate the student debt burden.

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Corvus Insurance Agency LLC unveiled Smart Tech E&O, its new data-enabled tech errors and omissions and cyber liability policy.

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RSG Underwriting Managers LLC's division EmergIn Risk expanded its [In]fuse program, which provides professional liability exposure protection to mid-to-larger sized insurance agents and brokers in the U.S.

[In]fuse 2.0 will include increased sub-limits for coverages like governmental and disciplinary proceedings, subpoena expenses and time off work expenses for the policyholder and their employees. The expanded policy also includes catastrophic extra expenses coverage.

RSG Underwriting is a unit of Ryan Specialty Group LLC.

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Insurance Services Office Inc. partnered with Colorado-based Intterra Inc. and Oregon-based Western Fire Chiefs Association to explore new ways of mitigating and responding to wildfire risk through fire analytics, environmental data and insurance innovation.

Insurance Services Office is a business of Verisk Analytics Inc.

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Miami-based independent insurance agency UniVista Insurance expanded into California with the opening of its three new offices. The company plans to expand to other states in the future, including Texas and Arizona and will launch its franchise program on the west coast.

UniVista Insurance provides auto, home, commercial, life, health and annuity products to underserved Spanish-speaking immigrants in communities like Hialeah, Fla.

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Answer Financial Inc. will now offer commercial small-business insurance coverage, including general liability, business owners' policies, workers' compensation and commercial auto protection coverage.

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Sompo Global Risk Solutions expanded its insurance offering to smaller businesses in the real estate, hospitality, financial institutions, professional services and life sciences industries in the U.S. and Mexico.

The offering will include a full suite of coverage, including package, property, auto, general liability, workers' compensation, umbrella and environmental coverage.

Sompo Global Risk Solutions is a business unit of Sompo International Holdings Ltd.

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Tampa, Fla.-based managing general agency Empire Underwriters LLC expanded into Hawaii with new programs including main street workers' compensation, hard to place and high hazard coverage.

Property and casualty products including general liability, property and package are also available.

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Trov Inc. launched an end-to-end digital, white-labeled insurance product portfolio through a partnership with Lloyds Banking Group PLC.

The "Powered by Trov" insurance technology platform will offer insurance solutions for homeowners, renters, drivers and small and medium businesses.