Insurance

Tata AIA Life Insurance has announced a new facility that promises to process life insurance claim pay-outs within four hours of registering them. “Tata AIA Life’s Express Claims within four hours is the fastest claims pay-out by any life insurer...

Alfresco Software, an open source content, process and governance software company, and Tech Mahindra, a leading provider of digital transformation, consulting and re-engineering services and solutions, announced collaboration on four jointly-developed, transformative insurance solutions. The collaboration combines Tech Mahindra’s insurance...

American life insurance company Guardian Life has launched a new term life insurance policy, the Guardian Level Term Life Insurance, with a built-in charitable benefit rider. Guardian Life said that the term insurance product offers level pricing during the policy’s...

Aviva said that its life new business sales had risen 28% to £12.3bn for the first quarter of 2020, compared to £9.6bn for the first quarter of last year. Aviva’s value of new business had also grown by 18% to...

IMA Financial Group, a national insurance brokerage firm specializing in property and casualty insurance, employee benefits and surety bonds, has completed its acquisition of ESS NexTier Insurance Group, a similarly structured practice with four offices throughout Pennsylvania. The acquisition expands...

Lloyd’s insurer Hiscox has successfully raised capital of approximately £375 million (US$465 million) as a result of an equity placement of new ordinary shares. The company announced the equity placing on May 5, which was successfully completed on May 6. The...

Valmark continues its rich history of innovation in the life insurance industry by expanding its toolkit for independent insurance and financial professionals. Its newest offering, the Life Insurance Fulfillment Tool (LIFT), is focused on making the process of buying...