The insurtech is capitalising on two trends - cloud migration and increasing use of data-driven insights.
The AI-powered start-up launched auto insurance in Brazil in January 2020.
The company aims to accelerate the adoption of digital insurance in the UK market.
It is expanding the solution into four new markets - China, Hong Kong, Japan and Singapore.
The start-up focused on the home insurance market plans to sign a reinsurance treaty with the MS&AD subsidiary.
The follow-only syndicate will write its first risk incepting in January 2021.
It will enable insurers to track exposures, develop underwriting strategies and create new products to mitigate future risk.
Blink claims the new solution can cut average BI claims claims processing time by up to 95 percent.
The German re/insurer financed AI-powered Scorable on its formation in 2019.
The insurer will use AI-driven deep property technology to enhance its underwriting and claims process.