b'Technology | Insurtech STRATEGIC INSURTECH INSURANCEDESCRIPTIONPARTNERAtheniumAthenium Analytics and Aon are collaborating to develop a next-generation claims Analytics Aon platform that enables insurers to identify and address high-risk claims before they close Berkshire Hathaway is using BoldPenguins technology to address growing demand Bold Penguin Berkshirefor workers compensation coverageunder the partnership agreement, agents and Hathaway brokers will be able to triage, quote and bind commercial insurance coverage through an API integrationFlyreel QBE QBE is working with Flyreel, an AI platform for property insurance, to help custom-ers manage risk and prevent loss through an AI-assisted toolLadder Hannover Re Hannover Re continues to support Ladder with risk management solutions, under-writing consultation and outsourced underwriting servicesNotion Nationwide Nationwide is working with Notion to offer customers with smarthome technology a monitoring service that allows them to detect when a leak or a smoke alert occursOscar Cigna Cigna and Oscar announced the launch of Cigna + Oscar, a new affordable and consumer-first health insurance for small businessesLincolnPolicygenius, an online insurance marketplace, is offering an innovative life insur-Policygenius Financialance product underwritten by Lincoln Financial Group to give consumers the Group flexibility of multiple policy optionsPolicygenius Brighthouse Brighthouse and Policygenius launched Brighthouse SimplySelect, a new term life insurance product available online through PolicygeniusRisk Genius Guy Carpenter Guy Carpenter entered into a strategic partnership with Risk Genius on the detec-tion and qualitative analysis of silent cyber exposure.AmericanRoost, a telematics insurtech, and American National are partnering to develop Roost National strategies to mitigate claims costs and increase customer engagement with American National offering free sensors to select policyholdersSlice Labs AXIS CapitalAXIS is distributing small business insurance through Slice Labs on-demand digital Holdings insurance platformHiscox is using Thimbles on-demand insurance app to allow small business policy-Thimble Hiscox holders to modify their coverage based on a projects needs, add additional insureds or pause coverage as necessaryTractable MS&AD MS&AD is using Tractables AI technology to accelerate how it processes auto claimsVerily, Alphabet Inc.s life sciences division, is partnering with Swiss Re to launch a Verily Swiss Re unit to provide stop-loss insurance for employers to cover unexpected and large employee health care costsSource: CB InsightsDespite the variety in insurtech partnerships, thereexperience with compliance (and the consequences are certain insurance regulatory issues that we findof non-compliance) as incumbents. Insurtechs are common place in insurtech deals. The most prevalentrightly focused on growing a business and often place is an imbalance in regulatory risk tolerance betweenundue legal and compliance significance on competi-the insurtech and the interested incumbent. In ourtor behavior. By contrast, regulatory risk tolerance for experience, regulatory risk tolerance is often higher atincumbents is typically low, particularly given the insurtech companies who are keenly aware of regula- reputational damage that incumbents face with tion but do not have the same depth and breadth ofnon-compliance vis a vie customers and regulators. 94 GLOBAL INSURANCE INDUSTRY|YEAR IN REVIEW 2020'