Insurance

Half of the world's population is expected to live in developing Asia by 2025 amid an increasingly aging demographic. Against this backdrop, Lexasure Financial Group, a leading insurtech provider in Southeast Asia, has launched Vivacity, a comprehensive mobile app designed to promote healthy lifestyles and...

Medicare Advantage and Part D prescription medication plan rates will be reduced for beneficiaries in 2023. The average price for Medicare Advantage plans in 2023 is anticipated to be $18, a drop of over 8% from the average premium...

If the U.S. Treasury does not approve an auction that would enable billions of dollars in insurance to be paid out, investors hurt by Russia's debt default will have to resolve some of their positions privately. Under the strain of...

Cowbell Cyber, the leading provider of cyber insurance for small and medium-sized enterprises (SMEs), announced an agreement with Palomar Excess & Surplus Insurance Company. The expansion of Cowbell's relationship with Palomar doubles the available reinsurance capacity for Cowbell Prime...

Hub International has acquired the assets of the full-service independent insurance agency Compass Insurance Services. The terms of the transaction were not disclosed. Based in Kronenwetter, WI, Compass Insurance Services has a total of eight locations which provide commercial and personal...

Liberty General Insurance has partnered with National Insurance Academy (NIA) to design an industry-first and certification course on electric vehicles (EVs) for its claims team. “Electric vehicle segment is starting to find its feet and is expected to capture considerable...

London-based commercial motor insurance startup Zego said it plans to launch in the Netherlands and ramp up its presence in France this year. The company, which became the UK’s first insurtech unicorn last year, said it’s also eyeing other new...