Insurtech weekly news roundup: Sept. 9
The AI property analytics company appointed Greg Oslan as its new CEO and Joe Brown as vice president of sales and service.
Oslan succeeds John-Isaac “JC” Clark, who served as CEO and a board member from Aug. 2018 through July 2022. He’ll be tasked with leading Arturo through a new period of growth, expanding in multiple industries and building on Arturo’s technical capabilities. Brown, in turn will focus on expanding the company’s customer base, boosting Arturo’s presence in new channels and markets and building sales and business development functions.
Arturo, spun out of American Family Insurance in 2018, initially used its technology for insurers. Clark told Mortgage Professional America in April that the company had been in discussion with multiple players.
Oslan was previously chairman and/or CEO of multiple companies including RiskSense (sold to Avanti), Fixmo (sold to Good Technologies) and Narus (sold to Boeing). In addition, he led commercial efforts in standing up both the Defense Innovation Unit (DIU) in Silicon Valley and the Joint Artificial Intelligence Center (JAIC) at the Pentagon. He currently serves on the board of directors of the National Cyber Security Center, on the board of Altreides and on multiple advisory boards.
Before joining Arturo, Brown was vice president of business development for EagleView and CoreLogic. He also served as principal for Spatial Marketing Group, a geospatial systems integrator.
Sayata
Sayata hired a chief distribution officer who will be charged with building its broker and carrier base.
Brian Quinn will lead business development and customer operations teams for the Boston-based insurtech.
Sayata’s platform is designed to generate rapid growth for insurance brokers and carriers focused on small-to-medium-sized businesses.
Previously, Quinn was a partner at McKinsey & Co. where he led the firm’s business-building and innovation practice in insurance. While there, he partnered with blue-chip insurance companies to spot untapped market opportunities and then build and launch new products and businesses to capture them.
Zywave
Zywave launched a group of new products targeted at the carrier audience.
The company is an insurtech that develops cloud-based sales management, client delivery, content and analytics products and services.
Zywave’s Carrier Engagement Suite uses its Client Cloud to connect carriers with insureds at scale by harnessing content, web portal access and a learning management system.
The product is designed to help foster stronger relationships with insureds but also differentiate the carrier’s offerings and services.
CyberCube
CyberCube hopes to expand the audience for its cyber risk analysis offerings through a new partnership with AkinovA.
AkinovA is a startup focused on building an electronic marketplace for the transfer and trading of reinsurance and insurance risks.
The partnership will make CyberCube’s products available to AkinovA’s platform, giving the entire value chain of the risk transfer sector access to CyberCube’s sophisticated models. Those models are based on specially designed cyber risk scenarios including ransomware attacks, cloud outages and major systemic risks intended to help insurance, reinsurance and insurance-linked securities (ILS) organizations to make better decisions when placing and managing cyber risk.
INSTANDA
INSTANDA, maker of a no-code core insurance platform, appointed a former Hiscox executive as its chief financial officer.
Liz Prior most recently served as managing director at Hiscox Insurance Company Guernsey. She has more than 13 years of experience in insurance and is a qualified actuary.
In her new role, Prior will lead development of finance and business strategies that further strengthen INSTANDA’s growth. She’ll also partner with the company’s management team, board and investors on major decisions that drive the business forward.
INSTANDA is currently beefing up its platform capabilities and expanding in Europe, the US, Japan and the UAE, fueled by $45 million in new financing.
Great American Insurance Group
Great American Insurance Group is now using API integration technology for its insurance programs focused on commercial equipment finance.
The API integration enables programs to be managed through existing software on the same screens and applications users rely on today. It also allows equipment protection to be placed at any point in the financing workflow, from originations, bookings and funding to ongoing portfolio management.
Another benefit: billing and coverage changes are handled immediately, without uncertainty and delay.
