SiriusPoint partners with insurtech to offer workers comp insurance

Bermuda-based insurer and reinsurer SiriusPoint Ltd. said Wednesday it has teamed with Insurate, a newly launched insurtech managing general agent to offer workers compensation insurance to companies with above-average safety performance.

The partnership will offer coverage to companies in medium- to high-hazard industries such as manufacturing, transportation, energy and construction, SiriusPoint said in a statement.

A spokesman for Omaha, Nebraska-based Insurate said the MGA uses proprietary predictive analytics to identify companies that are consistently safer than their peers.

SiriusPoint is providing capacity and working with Insurate to underwrite the risks, according to the statement.