Insurance

British life and general insurer Aviva (AV.L) is looking to sell its Asia business, valuing the unit at more than $2 billion, two sources familiar with the matter told Reuters. Aviva is working with a financial adviser on a possible...

The Travelers Companies, Inc. says its insurance customers can now receive claim payments through the digital platform PayPal. Auto, property and general liability claims can use Travelers’ link to PayPal for fast and easy reimbursement, the company said in...

Zurich Insurance Group has wrapped up its previously announced A$2.85bn (£1.57bn) acquisition of OnePath Life, the former Australian life insurance business of ANZ. OnePath Life provides a variety of wealth and insurance products through financial advisers or directly to customers....

Royal London has licensed Willis Towers Watson’s Radar Live quotation software for use in its protection business, making it the first UK company to use the software for life insurance business. Royal London are now also using Radar Live to...

CLARA analytics , the leading provider of artificial intelligence (AI) technology in the commercial insurance industry, announced an advanced AI-based toolkit to assist risk managers in evaluating an entire claim population’s performance, understanding the underlying costs that affect a...

PNB MetLife, one of the top 10 private life insurance companies in India (Fiscal 2018), launched “khUshi”, a customer service app, powered with Artificial Intelligence (AI). The app is available on android phones and is designed to facilitate seamless customized...

MetLife Insurance has chosen CUBE for a regulatory intelligence and change management pilot project as part of its open innovation programme, “Collab 4.0”. Created by LumenLab, MetLife’s Asia innovation centre, Collab 4.0 invited insurtechs from around the globe to apply...