Insurance

Zurich Middle East is looking to strengthen its market position in the region with the launch of its new omni-channel solution that promises to make acquiring an insurance product a lot less cumbersome, time consuming and completely paperless. The insurance...

Parachute Digital Solutions , a Munich Re company, announced the launch of Parachute 2.0, a turnkey product and carrier agnostic online insurance platform for carriers, brokers, employers, associations, and retailers to offer life and supplemental health protection plans in...

The COVID-19 pandemic has caused ambiguity and disruption in customer services across the world. In these unforeseen circumstances, Universal Sompo General Insurance has launched Artificial Intelligence (AI) powered virtual agents for its motor claims services. Universal Sompo's AI-powered virtual agents...

India-based private general insurance company Bajaj Allianz and e-commerce marketplace Flipkart have partnered to offer new cyber insurance policy, dubbed Digital Suraksha Group Insurance. The new digital insurance policy is designed to provide coverage against financial losses due to cyber-attacks,...

Private equity firm Hg has agreed to invest $1bn in Hyperion Insurance Group, an insurance intermediary, whose enterprise value has now reached nearly $5bn with the investment. Hyperion is Hg’s sixth investment in the wider sector in the last five...

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...