This is a really good email. It took a long time to write but it’s a short read. That’s what makes it so good. View this email in your browser. June 26, 2018.
Briefed while companies spend ~$4b running legitimate sweepstakes in the US
THOUGHT OF THE DAY
“CYA is an insurance contortionist. With removable limbs. Or maybe we are more like Mr. Potato Head? You can add or remove or swap the assets you want us to cover – at any time! Simply log in to your CYA account to make the change.” That’s CYA, as in Cover Your Assets. A new brand in the warranty space.
We Need to Talk About Kevin
Kevin is a virtual roommate that gives the impression that someone is home with the aim of preventing burglaries. It was co-developed by Mitipi and the Helvetia Corporate Incubator. Functionalities include simulating presence with lights, shadows and acoustics (TV, music, cooking, shower and more). Established in 2016, the Zurich-based startup is led by Julian Stylianou (CEO), Laura Schilliger (CMO), Khanh Ngyuen (CTO), and Jakob Cevc (Head of Product). At some point later this year, the product will retail for ~$280. Bottom Line: raised more than CHF 50K above its Kickstarter goal.
You’ll Always Be CSA For Me
Last month Generali Global Assistance announced the launch of a new online claims portal for its US-based travel insurance partner Justfly (think: an online travel agent).
The portal allows customers to download their description of coverage or policy, start a new claim, add information to an existing claim, and track the status of their claim online. Generali Global Assistance was recently named a top travel insurance company for 2018 by The Elliot Readers’ Choice Awards. However, on Yelp it isn’t doing so well – 1.5 stars from 89 reviews for CSA Travel Protection, which rebranded to Generali Global Assistance in 2017. Speaking of reviews, Justfly made a general manager at Square very upset and the BBB has in the past issued a warning concerning the company.
Born in collaboration with AMEX and AXA Partners, Blue Protection is an insurance package that includes five policies in the areas of home, health, mobility, cyber and tech. The offers are geared toward Italy-based AMEX clients who can configure the protection based on their needs – from choosing one policy to the full package.
Coverage highlights: Blue Protection Mobility – roadside assistance that isn’t limited to vehicles owned by the insured – it also covers other vehicles of which the insured is an authorized driver. Blue Protection Home – coverage in case of emergency situations. The policy also offers warranty extension on a wide range of equipment and appliances. Blue Protection Tech – coverage for electronic devices in case of theft or accidental damage, along with personal items, such as bags and wallets. Blue Protection Cyber – reimbursement of expenses incurred for judicial proceedings relating to events suffered by the insured or by a member of the family due to matters relating to private life. Blue Protection Health – a medical call center available 24 hours, and the ability to request a doctor or ambulance if necessary. To purchase coverage, AMEX clients are redirected to AXA’s Inter Partners Assistance Blue Protection branded website.
Everything is Blue.
Blue Owl has a new look. Before:
When You Just Wanted To Get Shoes
Sun Life Financial announced its partnership with E-Commerce platform Lazada to make it easier for Filipinos to purchase insurance online. Recall: founded in 2012, Lazada is Southeast Asia’s leading online shopping and selling platform with $4.7b in funding from investors that include Alibaba and Tesco. The company enjoys over 32m monthly visitors to its website.
In what’s considered “a first of its kind” partnership (but really isn’t), Sun Life’s personal accident insurance product will be available to Lazada members through its website by July 2018. The insurance can be purchased and activated completely online.
Carro, the Singapore-based online marketplace for buying and selling cars with $78m in funding, is now offering Carro Care, Singapore’s first insurer backed warranty that covers direct owner purchases.
Underwritten by Tokio Marine Insurance Singapore and administered by The Warranty Group, Carro Care offers car owners protection from unexpected repair costs even if they haven’t bought their car on Carro. In the event of a claim, car owners take their cars to one of several authorized repair shops. The shop then provides a diagnosis of the problem, its cause, and estimated costs of parts and labor to The Warranty Group to get the claim approved. Founded in 2015, Carro also has presence in Indonesia and Thailand.
VIA COVERAGER POST
American Capital Assurance Corporation Live in 8 Months on Majesco P&C Suite
Majesco, a global provider of core insurance software and consulting services for insurance business transformation, today announced that American Capital Assurance Corporation went live with the Majesco P&C Core Suite, inclusive of policy, billing, and claims. Read the full Post here.
DroneDeply – the California-based drone data software platform announced it has raised $25m Series C, bringing its total funding to date to $56m.
AIG Malaysia. AMEX. Blue Owl. Carro. Consumer Priority Service. CYA. DroneDeploy. Generali Global Assistance. Helvetia. Majesco. Mitipi. State Farm. Sun Life Financial. The Warranty Group. Tokio Marine.
* WELCOME *American Family. Genworth Financial. Globant. Liberty Mutual. Metromile. National Partners. Primerica. Verisk.
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