Coterie teams up with Berkley Re to provide cyber insurance for evolving business risks

Coterie Insurance, a technology-driven managing general agent (MGA) focused on simplifying small business insurance, has introduced cyber insurance to its platform through a new collaboration with Berkley Re Solutions and TransUnion.

Leveraging coverage from Berkley Re Solutions and cyber services from TransUnion’s TruEmpower™ Cyberscout solutions, Coterie now integrates Berkley Re’s tailored turnkey solutions into its already smooth user experience.

“Our agents and brokers have been asking for expanded coverage options as small businesses are at risk for numerous perils, including increasingly becoming targets for cybercriminals,” added Bobbie Collies, Chief Insurance Officer at Coterie Insurance.

“Now Coterie users can easily add cyber insurance to new policies quickly and efficiently, further safeguarding their small business clients.”

Cyber insurance claims hit unprecedented levels in 2023, with more businesses reporting cyber incidents than ever before, as noted by the HIPAA Journal.

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Inspira Financial Teams Up With Boldin, the Financial Planning Platform, to Empower Accountholders to Confidently Plan for Their Future

OAK BROOK, IL / ACCESSWIRE / October 15, 2024 / Inspira Financial, a leading provider of health, wealth retirement, and benefits solutions, has joined forces with Boldin (formerly NewRetirement), a comprehensive, digital-first financial planning platform, to offer accountholders access to powerful online tools and resources to help them plan for retirement or other life goals.

Inspira customers will have access to Boldin's retirement planning platform, PlannerPlus, which offers clear, data-driven insights to help users make more informed financial decisions. The platform is designed to help users go beyond uncertainty and speculation by delivering personalized, actionable financial insights based on their assets, savings, and projected income.

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Coterie Insurance adds cyber coverage to platform

Insurtech managing general agent Coterie Insurance has added cyber coverage to its platform by partnering with Berkley Re Solutions and TransUnion. The collaboration integrates Berkley Re’s cyber insurance offerings and TransUnion’s TruEmpower Cyberscout services.

Bobbie Collies, chief insurance officer at Coterie, noted: “Our agents and brokers have been asking for expanded coverage options as small businesses are at risk for numerous perils, including increasingly becoming targets for cybercriminals.

“Now Coterie users can easily add cyber insurance to new policies quickly and efficiently, further safeguarding their small business clients.”

The proposition features comprehensive support, including claims management, incident forensics, response services, mobile notifications, a customer web portal with cybersecurity tips, and a free “Business Security Self-Assessment” survey.

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Coterie Insurance Enables Instant Business Insurance with BTIS

Coterie Insurance, the MGA insurtech simplifying small business insurance, today announced an updated BOP integration with Builders & Tradesmen’s Insurance Services Inc. (BTIS). Through this partnership, BTIS users can now instantly quote and bind small business BOP insurance with Coterie.

“We’re thrilled to expand access to our simplified quoting and binding by integrating with BTIS,” said Jeremie Dobnikar, Enterprise Account Manager at Coterie. “As we put agents first in all we do, connecting with BTIS directly, rather than through another partner, means we’re continuing to make small business insurance easier for everyone.”

With 94 percent of all small business insurance being bound through an insurance agent or broker, Coterie is dedicated to simplifying the process for America’s insurance professionals. Coterie’s platform enables agents and brokers to obtain bindable quotes in less than 90 seconds. The process is straightforward and easy for new users, including those newer to small commercial insurance, to get up and running.

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EGYM, a connected fitness startup conceived after the founder hit a wall at the gym, lands $200M at a $1.2B+ valuation

Getting healthy is big business these days. Now a startup that’s come up with a unique approach leveraging tech to help people with their exercise regimes is announcing a big round of funding, putting some weight behind its own push for growth. 

Munich-based EGYM — a startup taking a vertically-integrated approach to connected fitness — has closed a Series G round of just over $200 million from L Catterton and Meritech, both new backers of the startup.

The funding is coming in at a post-money valuation of more than $1.2 billion, CEO and founder Philipp Roesch-Schlanderer confirmed to TechCrunch in an interview, and it will be used in a couple of key areas.

The company has several products and services that it sells and develops in tandem. There are connected workout stations that it sells to gyms, and the software that runs on those machines that people exercising can use to better understand what they are doing and getting out of their exertions. There is a marketplace where EGYM connects those gyms to companies that are building out their own wellness programs for their employees. And most recently, there is a new AI-powered personal assistant that EGYM has launched that individuals users can access to help them track their activity and offer more suggestions to improve their activity and outcomes.

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