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AFG Enters Into $5.7bn Annuity Reinsurance Transaction with Global Atlantic
American Financial Group, Inc. (AFG) has entered into a $5.7 billion fixed and fixed-indexed annuity reinsurance transaction with Commonwealth Annuity and Life Insurance Company, a
Accenture Announces Intent to Acquire OpusLine and Create a Dedicated Health Practice in France
Accenture (NYSE: ACN) has entered into an agreement to acquire Paris-based OpusLine, one of the leading consulting companies that provides strategic advisory and transformational services
How Insurtechs can Learn from E-Commerce
Perhaps it’s human nature to reinvent the wheel. We tend to see complexity instead of simplicity, creating or over-inflating challenges because solving tough problems is
Business Insurtech Coterie Announces Partnership Intuit Quickbooks
Coterie, a U.S.-based commercial insurtech, recently announced it has formed a new partnership with Intuit QuickBooks to deliver business insurance to QuickBooks customers through the
Speeding Innovation in Life Insurance
Life insurers have been flirting with a new digital paradigm in underwriting, health protection and remote claims. Perhaps now is the time. This year continues
What’s Slowing Down Digital Transformation in Insurance?
Insurers can allay their fears about investing in new technology by making compliance a priority, getting all stakeholders aligned around digital transformation, ensuring the technology
The Estonian Startup Saving Car Insurance Companies Billions
Estonian startup DriveX could save car insurance companies billions. Insurance may not be the most glamorous of industries, but it can be lucrative, especially for
Tokio Marine Partners with Lemonade
Tokio Marine Holdings announced participation in the reinsurance program of Lemonade as of 7/1/2020, as the first step in a collaboration with Lemonade to explore
Insurance Firm Chubb Life Launches Health Monitoring App
Chubb Life’s new Chubb LifeBalance app helps people view their health through a new lens. Available in Thailand, Hong Kong and Myanmar, the app is
Lemonade Ranks Highest for Renters Insurance in J.D. Power Study
Lemonade took the No. 1 spot for the renters insurance segment in the J.D. Power 2020 U.S. Home Insurance Study, marking the first time an
Swiss Re Capital Markets Announces $775m Cat Bond for Cali Earthquake Authority
Swiss Re Capital Markets, a division of the global reinsurance giant, has announced the successful structuring and placement of $775 million in insurance-linked securities by
Tesla Insurance Could Potentially be America’s Biggest Auto Insurer
Tesla Insurance – the auto insurance offshoot of Tesla Inc. – could become one of the largest auto insurers in America, if the unit’s valuation
“Reinsurance is in a State of Flux”: Willis Re’s James Vickers
On the back of several years of unsatisfactory returns and the added challenges of COVID-19, Willis Re’s James Vickers has said that the reinsurance market
How Indonesia is Pushing Medtech and Insurtech as Key Pillars of AI Blueprint to Improve Health Care
Online health care and medtech AI have risen in prominence in the country as the government seeks more equal access to health care Indonesia’s
InsurTech is the Prescription for Safety in a Post-Pandemic World
Insurers can be a port in the storm for people during uncertain times, but they must shift their narrative and reimagine their offerings. More than
Swiss Re Backs Parametric Quake Product by Cover Genius & QuickBooks
Insurtech firm Cover Genius has teamed up with Intuit to offer a new parametric earthquake policy, which is backed by capacity from Swiss Re and
Pioneer Underwriting Holdings Agrees Deal for its Acquisition
Pioneer Underwriting Holdings Ltd (PUHL) has today revealed that it has signed terms for a deal which will see it and its subsidiaries (Pioneer) acquired
Most Powerful Women In Business – Jessica Tan
Jessica Tan, Ping An’s Group Co-CEO has been ranked second on 2020 #Fortune’s list of the world’s most powerful woman in Business. Ping An is
Munich Re Speciality Launches New Cyber, Tech E&O Solutions
Munich Re Specialty Insurance, a division of the global reinsurer, has launched new cyber and technology errors and omissions (E&O) insurance solutions. The solutions are
Cytora Blazes the Trail for the Workplace of the Future in Permanent Move to Remote-First
Cytora employees can choose to work from any location they desire, no longer restricted by the unnecessary demands of a physical office. Remote-first now sits
Digital Claims Way up Amid Pandemic
P&C insurance policyholders’ use of digital channels in claims is up 18% over the past three years, according to J.D. Power’s U.S. Claims Digital Experience
Cohere Health Closes Additional $10 Million in Funding to Accelerate Delivery of Patient Journey Platform for Better Healthcare Quality and Outcomes
The funding will be used to enhance the company’s scalable CohereNext platform that is built on next-generation cloud and data technologies and provides interoperability to
New Approaches to Risk Transfer Anchored by Customer Focus and Technology
Technology and customer experience will play an increasing role in how insurers and their insureds conduct business. Here’s what the industry needs to know to
Next Insurance and Intuit QuickBooks Integrate to Provide Coverage for Small Businesses
Next Insurance and Intuit announced that they have teamed up to simplify the insurance purchasing process for millions of small businesses. This integration will enable
Kin Insurance Partners with Cinch Home Services
The firms are working together to create new coverages and customer experiences for more engaged policyholder relationships. Kin Insurance, an insurance technology company dedicated to
To Merge or Not to Merge: InsurTechs Must Increasingly Ask This Question
The drumbeat for InsurTechs to pursue a merger, acquisition or partnership is getting louder, with the number likely to substantially grow in the months ahead,
Humn.ai Launches ‘Real-Time Risk’ Fleet Insurance Product
Humn.ai has launched a new fleet insurance product – Rideshur – which uses real-time data to generate premiums. The company says Rideshur is able to
Generali Enters Partnership with Munich Re’s ALLFINANZ
Adopting ALLFINANZ will help Generali to improve the accuracy of its life insurance underwriting decisions by enabling it to automatically manage life insurance applications globally.
Lloyd’s Approves Syndicate-in-a-Box, Picnic Syndicate 2460, to Support Mutuals
Asta, the third-party managing agent at Lloyd’s, announced the Council of Lloyd’s granted in-principle approval for the launch of Picnic Syndicate PIC 2460, a syndicate-in-a-box
Insurtech Vouch Insurance Expands Coverage to New York
Vouch Insurance, a business insurance platform for startups, has expanded its coverage into New York. The expansion is an effort to bring risk mitigation to
The Future of Underwriting: Enabled Underwriting
The specter of humans losing their jobs to robots looms over any discussion of applying intelligent tech. But the choice carriers face right now isn’t
AXA XL’s New Energy Risk Insures Fuel Cell Project in South Korea
New Energy Risk (NER), an affiliate of global re/insurer AXA XL, has provided an insurance solution to Bloom Energy to facilitate the purchase and financing
Experts Say Tesla’s Unique Data-Tracking Abilities Give it an Advantage as Elon Musk Looks to Build a ‘Major Insurance Company’ for Tesla Owners
Elon Musk has made a name for himself as a data-savvy innovator, and he’s seeking to further that label with an ambitious goal: scaling up
Bind Lands $105M Funding Round to Fuel Expansion Into Fully Insured Health Plan Market
An entrepreneur who started health benefits company Definity Health and sold it to UnitedHealth Group for $300 million is looking to shake up the health
Vitable Raised $1.6M Led by Softbank Opportunity Fund
Health insurance startup Vitable Health announced that the company raised $1.6 million, led by the SoftBank Group Corp Opportunity Fund. The investment also comes
Three Ways Insurance Ecosystems Drive Competitive Advantage
Ecosystems might be the single greatest opportunity for insurers to differentiate themselves in a period of rapid digital transformation, but only 5 percent of insurers
Credit Suisse and AXA Launch Digital Bancassurance Services
Credit Suisse is launching integrated bancassurance solutions for clients in collaboration with AXA. Set to launch next week, CSX is Credit Suisse’s digital banking offering
Hiscox Re & ILS Names Kathleen Reardon as CEO
Specialist insurer and reinsurer Hiscox has announced that Kathleen Reardon is to succeed Mike Krefta as CEO of Hiscox Re & ILS Reardon most recently
Paris-Based Insurtech Luko launches a Remote ‘Home Maintenance’ Video Service
You’ve heard of telemedicine, but have you heard of tele-home maintenance? Today Luko, a fast-growing home neoinsurance has launched an innovative video consultation service of
Nippon Life to Launch Chatbot Training for Agents
Sensely, a chatbot platform, is working with Nippon Life Insurance to launch an avatar-based sales rep training program to enhance and extend sales using voice-driven
Three Big goals for a Winning Cloud Strategy
A comprehensive cloud strategy enables insurers to reach not one but three key business objectives. It will accelerate growth, drive digital transformation, and also curb
Newfront Insurance Raises $100 Million
San Francisco-based commercial insurance broker Newfront Insurance announced it has raised over $100 million, valuing the company at $500 million. The company’s lead investors are
Insurance Startup Root Eyes $6.3 Billion Valuation in Market Debut
Automobile insurance startup Root Inc said on Tuesday it plans to raise as much as $604.1 million in its initial public offering on the Nasdaq,
Life.io and Unqork Announce Partnership to Power New Digital Capabilities
The firms’ combined solution offers insurers a highly intuitive digital purchasing platform that reduces friction for clients and advisors. Life.io, a subsidiary of SE2 (Topeka,
Aon appoints Graeme Rayner to lead new Alternative Distribution platform
Global insurance and reinsurance broker, Aon, has launched a new London-based platform that matches underwriting expertise with capacity provision through fronting, MGA / MGU and
Combined Insurance Launches New Online Accident Product
Provider of supplemental accident, health and life insurance products Combined Insurance, a Chubb company, announced the launch of a new online accident insurance product for
Demand for Cyber Cover to Rise Alongside Frequency & Severity: Höpke, Munich Re
The frequency and severity of cyber events is on the rise and as the peril grows in relevance, particularly under COVID-19 conditions, demand for protection
A Future-Proof Operating Model
Insurers need an operational model with adequate agility to follow market fluctuations. It’s time to outsource all non-core activities. The business strategy sets the direction
Howden to Acquire Majority Stake in Mexican Broker ADRISA
International insurance broker Howden is set to acquire a majority stake in ADRISA, a Mexico-based retail insurance broker. The deal will see the two companies
O2 Broking Registered as First Lloyd’s Broker in Denmark
O2 Broking ApS has been approved as the first Lloyd’s Registered Broker in Denmark as part of the re/insurance marketplace’s preparations for Brexit. Lloyd’s previously
Ping An Raised $875M
China Ping An Insurance Overseas Holdings, the main offshore investment and asset management platform of Ping An, together with its subsidiaries, have announced the successful
Juggling Act: Transforming the Claims Space
Fundamentally, paying claims is what insurers do; indeed, it constitutes the lion’s share of their outgoings. For P&C insurers, for instance, that typically amounts to
Allianz Eyes Tie Up for Five Billion Investment
After rumors swirled late last week that Telefonica was negotiating over a potential investment to build a fiber optic network for under-supplied areas of Germany,
Founder of Kiwi Introduces Pilotbird, an Insurance Analytics Product Company
The new company empowers carriers to make the insurance experience more relevant by leveraging social data Introduced today by Evgeny Aleksandrov, Founder of Insurtech startup,
3 Practical Uses for AI in Risk Management
Banks, insurance companies, asset managers and other industry players need to rethink how they approach financial risk management. Every year, financial crime becomes more sophisticated,
Zurich Adds Medical Stop Loss for National Carrier-Administered Programs
The North American business of global insurer Zurich is launching a medical stop loss insurance product for larger employers with self-funded group health plans administered
Geotab and Mercedes-Benz Launch Integrated Telematics System
A new integrated telematics package has been launched by telematics firm Geotab and Mercedes-Benz Connectivity Services. It is available to order for Mercedes-Benz cars and
A Burning Platform for Transformation
We now have a “digital wildfire” expanding rapidly every day, reshaping every aspect of our customers’ lives and businesses. While the industry had digital as
Insurance Must be an Integrated Part of a Better Future: Peak Re CEO
Peak Re Chief Executive Officer Franz Josef Hahn has underlined how the insurance industry must be an integrated part of working towards a better future.
AXA Wraps up €1bn Sale of Central European Businesses
Insurance and investment giant AXA has completed the sale of its life & savings, property & casualty and pension businesses in Poland, Czech Republic and
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