Universal Sompo launches an AI-powered virtual agent for motor insurance
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...
Flipkart, Bajaj Allianz partner to offer new cyber insurance policy
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...
Hg to invest $1bn in Hyperion Insurance Group
Private equity firm Hg has agreed to invest $1bn in Hyperion Insurance Group, an insurance intermediary, whose enterprise value has now reached nearly $5bn...
Tata AIA Life Insurance launches express claims service that promises payouts in 4 hours
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...
Alfresco and Tech Mahindra introduce four jointly developed AI/IoT solutions for insurance companies
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...
Guardian Life launches new term life insurance with built-in benefit for charity
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...
Aviva first quarter 2020 earnings impacted by Covid-19 pandemic
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...
IMA Financial Group Completes Acquisition of ESS NexTier Insurance Group
IMA Financial Group, a national insurance brokerage firm specializing in property and casualty insurance, employee benefits and surety bonds, has completed its acquisition of...
Hiscox Raises £375M to Respond to U.S. Wholesale, Reinsurance Growth Opportunities
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...
Valmark Financial Group launches Life Insurance Fulfillment Tool (LIFT)
Valmark continues its rich history of innovation in the life insurance industry by expanding its toolkit for independent insurance and financial professionals. Its newest...