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Flock said the capacity could be used to cover anything from drone cargo deliveries to flying taxi passenger flight.
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Swiss Re pegs China as one of the fastest growing insurance markets in the world.
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The Bermuda Monetary Authority had granted the InsurTech start-up a “sandbox” licence in 2019.
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The InsurTech was locked in a dispute with Deutsche Telekom over whether it owns the copyright to the use of magenta. -
Fellow founder Will Thorne will take over the leadership responsibilities and manage its second fund.
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The licence will permit expansion across the EU after the Brexit transition period ends.
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The Charles Taylor chairman will help assess broking, InsurTech and service provider targets as an advisory council member.
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The new Syndicate 1796 is the conduit for the initiative and is backed by 14 global (re)insurers.
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The client tool will provide real-time data on pricing, profits and claims.
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The pact is Tremor’s first integration with a global broker.
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The Swiss carrier’s digital white-label arm becomes the German InsurTech’s main investor.
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The company has signed up two car subscription firms as its first clients.
