Marsh McLennan moves to Amazon cloud; ZestyAI in Connecticut and West Virginia: Insurtech news

Enjoy complimentary access to top ideas and insights — selected by our editors.

The following summaries are written by the Digital Insurance editorial staff.

Digital Insurance reviews a high volume of news leads every week for this and other stories. Please send press releases and other information to kaitlyn.mattson@arizent.com.

Nationwide partners with Kadance

Nationwide is partnering with Kadance to offer genomics-based insights to life insurance customers through Kadence's Precision Health Management Program. It includes DNA-based testing, precision medicine and personalized clinical support.

Chuck Bremer, VP of Product of Nationwide's life insurance business, said in a statement: 

"Offering our eligible life insurance customers the opportunity to purchase Kadance's program gives Nationwide a distinctive way to deliver extraordinary care to our policyholders during times they need it most."

Aspen Insurance closes IPO

Aspen Insurance closed its upsized initial public offering. The shares were sold by affiliates of Apollo Global Management. 

The shares started trading on the New York Stock Exchange on May 8 under AHL. 

John Hancock's Vitality celebrates 10 years

John Hancock, a part of Manulife, marks 10 years since it launched its Vitality Program. 

Brooks Tingle, president and CEO, John Hancock, said in a statement: "This incredibly meaningful milestone is more than a launch anniversary, it represents the bold choice we made ten years ago to turn the traditional life insurance model on its head. This has forever changed the trajectory of our business. In these ten years, we've championed game-changing innovations; cultivated a network of trusted, forward-thinking collaborators; and most profoundly, we've prioritized our customers' health and well-being, in some cases helping them uncover potentially life-saving early diagnoses. This model is not just good for our customers and their families; it's good for our business too, and we see even more potential to make an impact in the years ahead."

Fidelity Home Warranty chooses Origami Risk software

Fidelity National Home Warranty (FNHW) has chosen Origami Risk's multi-tenant Software-as-a-Service (SaaS) platform for policy administration, billing, and claims.  

"Origami's state-of-the-art solution is uniquely suited to our home warranty business and will drive efficiencies and help us expand our home warranty coverage lines and offerings," said Lorna Mello, president of Fidelity National Home Warranty. "On the front end, we anticipate a better customer and partner experience for our real estate partners and policyholders; on the back end, Origami will transform our claims process and elevate our service delivery and communication with our customers, agents, and business partners." 

CeresAI and Bayer Climate FieldView partner on data analytics for farming

CeresAI and Bayer Climate FieldView have partnered, integrating CeresAI data analytics with Bayer FieldView's digital farming platform. The partnership unifies data to provide actionable agricultural risk intelligence to farmers, insurance carriers and capital management groups.

The companies expect to enhance the precision of underwriting and support hybrid parametric policies and investment strategies through their work in AI-driven field intelligence.

"This partnership marks a defining moment in agriculture technology," said Ramsey Masri, CEO at CeresAI. "We are ensuring that every stakeholder—from farmers to insurers and capital management groups—can make precise, data-driven decisions that drive efficiency, reduce risk and secure long-term profitability in agriculture."

Marsh McLennan moving infrastructure to Amazon cloud

Marsh McLennan has chosen Amazon Web Services as its preferred cloud provider.

Using AWS, Marsh McLennan will begin a multi-year initiative to increase operational efficiency, enhance security and drive innovation across its global businesses – Marsh, Guy Carpenter, Mercer and Oliver Wyman.

Marsh McLennan will migrate most of its on-premises infrastructure to AWS, reducing its physical data center footprint. Some migration already begun has enabled real-time infrastructure deployment and reduced processing and scale-up times, according to a press release. In addition, Marsh McLennan is working with Amazon to enhance its LenAI assistant.

ZestyAI makes new inroads in Connecticut and West Virginia

Property and climate risk solution provider ZestyAI has gotten approval for its Roof Quality solution in Connecticut, and partnered with a West Virginia insurer to strengthen its underwriting accuracy and improve its risk-based pricing.

The Connecticut Insurance Department (CID) approved the solution's use for residential property rating and underwriting on May 15. CID reviewed ZestyAI's model for its methodology, data integrity and regulatory compliance before approving the solution.

Farmers and Mechanics Mutual Insurance Company of West Virginia (FMIWV) will use Z-PROPERTY Location Insights to access reliable property insights, according to a press release. "Getting started using the technology was easy. We're particularly focused on using their property insights to provide additional underwriting information for new business and renewals," said Dan Otto, senior vice president and chief financial officer at FMIWV.