Talanx’s Retail International division has recently achieved a significant milestone with the finalization of its acquisition of the business of Liberty Seguros in Brazil. The deal, executed on November 22, 2023, marks a major step forward for HDI, enabling them to strengthen their presence in the Brazilian insurance landscape. The acquisition, worth an undisclosed amount, not only expands their market
In an effort to combat the rising wave of insurance fraud, AXA UK has announced a strategic partnership with Synectics Solutions. The collaboration aims to enhance AXA UK’s anti-fraud measures through the integration of Synectics Solutions’ leading-edge fraud prevention tool, SIRA. By leveraging sophisticated data analysis and fraud detection technologies, AXA UK hopes to avert potential financial losses while safeguarding
AXA UK, one of the leading insurance providers in the country, has announced a groundbreaking partnership with Synectics Solutions to enhance its fraud prevention measures. Through this collaboration, AXA UK aims to leverage Synectics Solutions’ fraud prevention solution, SIRA, to mitigate potential losses amounting to millions of pounds. SIRA Platform Overview At the core of this partnership lies the SIRA
Howden, the renowned global insurance group, has made a groundbreaking announcement regarding the launch of a dedicated European cyber and technology errors & omissions lineslips. This innovative product, developed in collaboration with Canopius and IQUW, enjoys support from three other Lloyd’s insurance company markets. With impressive limits of up to EUR 20,000,000 and an A Excellent – A.M. Best Credit
Liva Insurance and Oman Arab Bank (OAB) have joined forces to offer exclusive benefits to their growing customer base across the Sultanate of Oman. This collaboration comes as part of Liva Insurance’s strategy to provide the best insurance solutions while adding value to customers and enhancing their lives. Liva Insurance’s Strategy Liva Insurance is dedicated to providing the best insurance
In a strategic move to revolutionize the insurance sector, wefox has announced the appointment of Mr. Onnen as the company’s Chief Technology Officer. Additionally, Sergi Banos has been promoted to the role of Chief Platform Officer as the company prepares to launch its innovative platform connecting the insurance ecosystem. These developments underscore wefox’s commitment to leveraging technology to reshape the
Retailers face a significant challenge when it comes to transit-related complaints. These complaints not only cause frustration for customers but also impact the retailers themselves, often resulting in the loss of valuable customers. However, with the support of Vitesse, Anansi is stepping in to provide relief and transform the transit insurance experience. Impact on Retailers When it comes to complaints
PYREG, a leading provider of carbonization technology, and Kita, an innovative carbon insurance company, have signed a Memorandum of Understanding (MOU) to develop the world’s largest durable biochar carbon removal project pool. This collaboration aims to utilize biochar, a carbon-negative product that removes and stores carbon from the atmosphere for thousands of years, as a versatile climate mitigation solution. In
In a strategic partnership aimed at enhancing the travel experience for passengers, Cover Genius, a leading insurtech for embedded protection, has teamed up with SAS, Scandinavia’s renowned airline, to introduce a new, exclusive, and customized protection program. This exciting collaboration will revolutionize the way travellers safeguard themselves during their journeys, offering comprehensive coverage and a seamless claims process. Coverage Scope
Mercer, a subsidiary of Marsh McLennan, has successfully finalized a significant longevity hedge, marking a milestone in risk reduction for the MMC UK Pension Fund. This groundbreaking hedge, valued at approximately £2bn, extends longevity risk transfer to encompass over 14,500 pensioner, deferred, and active defined benefit (DB) members. Details of the Longevity Hedge The longevity hedge implemented by Mercer covers
In a groundbreaking partnership that aims to transform the insurance industry, One Inc, a leading digital payments network exclusively focused on the insurance sector, has joined forces with J.P. Morgan Payments, a global leader in payment processing. With a shared mission to revolutionize Property and Casualty (P&C) insurance claims payments, the collaboration leverages J.P. Morgan’s extensive liquidity and payment capabilities
The Providing Urgent Maternal Protections for Nursing Mothers Act, or PUMP Act, has brought about significant changes in federal law, expanding protections for nursing employees. In a recent webinar, Susana Sanchez, a wage-and-hour investigator for the U.S. Department of Labor, shed light on the Act’s impact. Previously, only nonexempt workers were entitled to time and space to pump, but the
