Innovations and Product Launches in Life Insurance in-revento.com

Home Industry news Innovations and Product Launches in Life Insurance

Innovations and Product Launches in Life Insurance

Insurance news Technology / Innovation October, 08 2025

Meanwhile, the First Regulated Bitcoin Life Insurer, Raises $82M to Meet Strong Demand for Inflation-Proof Savings and Retirement Products

7 Oct 2025

Meanwhile, the first regulated Bitcoin life insurer, has raised $82 million to meet rising demand for Bitcoin-denominated savings, retirement, and life insurance products. The funding round was co-led by Bain Capital Crypto and Haun Ventures, with participation from Pantera Capital, Apollo, and others, bringing total 2025 funding to $122 million. Meanwhile offers inflation-resistant, BTC-based financial products that combine traditional life insurance and annuities with long-term Bitcoin savings and lending. The Bermuda-licensed insurer provides transparent, audited Bitcoin financials and aims to deliver reliable wealth protection and sustainable returns for both individuals and institutions. CEO Zac Townsend emphasizes that Meanwhile builds long-duration, compliant solutions to make Bitcoin practical for families and corporate treasuries worldwide.

Best Insurance Launches Single Life Product

7 Oct 2025

Best Insurance, in partnership with Shepherds Friendly, has launched a new single-life term product aimed at simplifying access to life cover for UK residents aged 18–60. The policy offers payouts up to £500,000 on death or terminal illness, with amounts tapering by age, and removes the minimum monthly premium requirement to make coverage more accessible. The streamlined online application involves just nine health and lifestyle questions, allowing instant quotes and fully digital purchases, with optional phone support. The product is also available via a white-label model for partners, supported by Best Insurance’s technology and AI-driven platform Home | excitare.ai , enabling fast implementation and custom branding. Executives emphasized that the launch broadens customer reach, simplifies underwriting, and addresses an unmet market need for straightforward, accessible life protection.

Aktia Life Insurance launches SCOR’s Velogica in Finland

2 Oct 2025

SCOR Digital Solutions has launched Velogica, its cloud-based automated underwriting platform, in partnership with Aktia Life Insurance in Finland. The system uses predictive models, dynamic questionnaires, and a rules engine to deliver real-time, data-driven decisions across all life insurance products, streamlining policy issuance and improving decision quality. Velogica is now fully operational at Aktia, with plans to expand to additional channels and products. Both companies emphasize that the collaboration enhances customer experience, efficiency, and growth while adapting the platform for the Nordic market.