Insurance
Insurance
SC Insurance and RRJ Benefits Inc agencies Joining Forces for Continued Growth and Innovation
SC Insurance and RRJ Benefits Inc. are coming together to form a new venture to strengthen and grow the benefits and life business between the two companies.
This new venture will provide access to innovative resources and cutting-edge proprietary tools....
Company Statements
Vermont Mutual Insurance implements InsuranceNow from Guidewire
Vermont Mutual to leverage Guidewire’s core system in the cloud to increase business agility and speed-to-market. Vermont Mutual Insurance Group, a US-based insurance company has implemented InsuranceNow, a cloud-based insurance solution developed by Guidewire.
The implementation of Guidewire’s InsuranceNow is...
Company Statements
Malaysia motor insurance market expected to grow as providers take control of pricing
The Malaysia motor insurance market has been undergoing a process of liberalisation since 2016, growing in net earned premium value year-on-year ever since. The Malaysia motor insurance market is expected to grow to a value of $2.4bn in 2023...
Company Statements
Co-operators signs longevity insurance deal with CSS Pension Plan
Under the new longevity insurance deal, CSS Pension Plan will transfer longevity risk for CAD660m ($501.49m) of pension plan liabilities to Co-operators
The Co-operators, a Canadian insurance company, has signed a new longevity insurance deal with the Co-operative Superannuation Society...
Company Statements
Luko and Shift Technology Apply Artificial Intelligence to the Fight Against Fraud
Shift Technology, a provider of AI-native fraud detection and claims automation solutions for the global insurance industry announced its fraud detection technology has been selected by digital native neo-insurance company Luko.
Since its launch in May 2018, Luko has been...
Insurance
HDFC completes stake acquisition in Indian health insurer Apollo Munich
HDFC Limited has completed the acquisition of 50.80% share of Apollo Hospitals Group, in Apollo Munich Health Insurance Company Ltd. (Apollo Munich) for INR1,485.14crore and 0.36% shareholding held by employees for INR10.67crore.
The acquisition was approved by the Competition Commission...
Insurance
Changing trends and future of health insurance in India
The buzzwords in corporate boardrooms, these days, are “big data” and “data analytics.” And the insurance sector is no exception! The way insurance is being underwritten in today’s world is fast changing. And feeding this massive data revolution is...
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