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Insurance

Enstar completes ADC reinsurance transaction with AXA XL

A wholly owned subsidiary of Enstar Group Limited has completed an adverse development cover (ADC) transaction with AXA XL, the property & casualty and specialty risk division of AXA. handshake-bwUnder the terms of the arrangement, Enstar’s subsidiary assumed reinsurance losses...

CtrlS Datacenters partners with an Indian life insurance company for strategic technology solutions

CtrlS Datacenters has collaborated with Canara HSBC Oriental Bank Of Commerce Life Insurance as a strategic technology partner to enhance their overall technology infrastructure resilience by deciding to operate out of one of CtrlS data center facilities thereby supporting...

COVID-19 driven organisational tsunami puts change top of insurance agenda

Bureaucracy was thrown out of the window’ as insurers faced change or die ultimatum, delegates heard at the Intelligent Insurer Claims Innovation USA virtual event. COVID-19 has forced the insurance industry to radically change the way that it does business...

Chinese insurtech firm expands reach in Southeast Asia

Next Insurance, the leading digital insurtech company transforming small business insurance announced a partnership with Amazon Business to provide eligible members the opportunity to access customized small business insurance. This partnership will allow Business Prime members to easily obtain...

Generali Global Assistance Tailors Travel Insurance Offering to Support Smart Vaccination and Digital Health Pass Initiatives

Generali Global Assistance and its affiliated companies announced that it will be supporting upcoming smart vaccination and digital health pass initiatives by adding custom options to their Travel Insurance offerings and endorsing the Good Health Pass and the World...

Omniscience Launches OmniExtract to Speed Life Insurance Risk Selection

The solution enables automated, rapid, and sophisticated life insurance underwriting decisions about new customers, regardless of whether the potential insured has a complex history. Omniscience has launched OmniExtract, a customer intelligence solution that the vendor says makes it possible, for...

Technology is Transforming the Insurance Sector

The insurance industry, for a long time, has been driven by traditional business models. It continued its legacy business process and products for quite some time. But with the intervention of innovative technology, the insurance industry has witnessed positive...

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