ORLANDO, FL and AUSTIN, TX – October 01, 2018 – Hannover Life Reassurance Company of America “Hannover Re US”, a member of Hannover Re Group, and Life By Spot, a direct-to-consumer life start-up, join forces to create an entirely new way for adventure-loving consumers to insure their lives during the moments they need it the most.

For the first time in the US market, consumers will have the ability to purchase short-duration event-based life insurance policies, ranging from 24-hours to 30-days, through Spot's simple platform. The affordable coverage enables people to pursue their passions while alleviating the fear that exists during times when they are inherently more at risk.

The announcement directly precedes the world's largest insuretech event, InsureTech Connect 2018, marking the one-year anniversary of the companies’ initial discussions.

“In an age where adventure is everything, we set out to redefine the insurance market, giving people the opportunity to have the peace of mind to live life to the fullest,” said Matt Randall, Co-Founder and CEO of Life By Spot.

“We tapped Hannover Re to be our key partner for its years of industry expertise and forward-thinking approach to insuretech. Working with Hannover Re has propelled us forward to introduce short-term policies as ‘the new normal’ in insurance,” said Maria Miller, Co-Founder and COO of Life By Spot.

“The collaboration with Life By Spot was a natural fit for our Partnership Solutions group,” said Tony Laudato, Vice President of Partnership Solutions, Hannover Re US. “We pride ourselves on selecting partners that have a strong, clear plan for the future of the insurance industry and that support our core tenets of agile underwriting, improved risk selection and an overall better consumer experience.”

Life By Spot plans for a national rollout in 2019.

About Hannover Re US

Hannover Life Reassurance Company of America (Hannover Re US), which is licensed and/or accredited in all 50 states, the District of Columbia, Puerto Rico and Guam, is the North American life and health reinsurance subsidiary of the Hannover Re Group. Hannover Re, with gross premium of EUR 17.8 billion, is the fourth-largest reinsurer in the world. It transacts all lines of property & casualty and life & health reinsurance and is present on all continents with around 3,300 staff and a network of more than 140 subsidiaries, branches and representative offices. The rating agencies most relevant to the insurance industry have awarded Hannover Re very strong insurer financial strength ratings (Standard & Poor's AA- "Very Strong" and A.M. Best A+ "Superior"). For more information, visit

About Life By Spot

Spot is an ambitious startup opening an entirely new channel of distribution and targeting a demographic, which to date, has been untouchable by traditional incumbents.

On average, Americans under the age of 45 account for less than 5% of the total population with life insurance. That's because life insurance wasn't created for the actual wants and fears of the people Spot aims to serve, and wasn't designed for today’s adventurous lifestyle.

Spot is the industry solution to today's complicated, confusing, and expensive process to acquire life insurance. For the first time, consumers will have the ability to purchase short term policies, ranging from 24-hours to 30-days, for a nominal fee through Spot's simple platform, against a wide range of activities that people want to experience, responsibly.

Led by a team of life insurance veterans and experienced tech entrepreneurs, Spot will alleviate any worry, allowing policyholders to live, love and celebrate life to the fullest.

Media Contacts

Hannover Life Reassurance Company of America
Sevilla Dees

Life By Spot
Adrienne Oujezdsky