InsurTech

In a bold move that positions Zurich Insurance Group as a global leader in travel insurance, the company has acquired AIG’s global personal travel insurance and assistance business for USD 600 million. This landmark deal also includes a potential earn-out payment and emphasizes Zurich’s strategic intent to expand its travel insurance capabilities. Acquiring AIG’s well-established Travel Guard brand alongside its

Urban Jungle, an innovative insurtech company, has launched a new branding strategy dubbed ‘Fair to you, your wallet, and the planet’. This rebranding underscores the company’s unwavering commitment to providing straightforward and affordable insurance while adhering to rigorous ethical standards. Leveraging cutting-edge technology like AI and machine learning, Urban Jungle is revolutionizing the insurance landscape by making it both accessible

The insurance industry is experiencing a radical transformation fueled by technological advances and evolving customer expectations. At the epicenter of this change is the concept of Insurance-as-a-Platform (IaaP), an innovative model that redefines how insurance products are designed and delivered. Unlike traditional methods that emphasize standardization, IaaP offers unparalleled levels of personalization and flexibility, making it a game-changer in the

In a strategic move set to significantly enhance its embedded insurance services, HUB International recently announced that it would acquire Insuritas, an embedded insurance platform that primarily targets banks and credit unions. The acquisition will bolster HUB’s existing digital platform, VIU by HUB, which was launched in June 2022. Initially focused on personal insurance, VIU has since expanded its offerings

In Australia, a significant issue is coming to the forefront regarding financial security and the accessibility of financial advice. Recent research paints a troubling picture of the disparity between the insurance coverage of material possessions, such as cars and homes, compared to personal protection through life insurance. Insights from the Council of Australian Life Insurers (CALI) indicate that while almost

Arthur J. Gallagher & Co.’s recent acquisition of Shepard Insurance Group marks a significant expansion in the high-net-worth insurance market. This strategic move not only broadens Gallagher’s geographic presence but also enhances its ability to deliver personalized, high-quality solutions to affluent clients. Shepard Insurance, known for its tailored services in the Northeastern United States and Florida, will now integrate its

Akur8, a leading provider of AI-powered pricing and reserving software, has recently announced a strategic move set to strengthen its presence in the German insurance market. Michael Kraus has joined the company as a strategic advisor, a decision aligning with Akur8’s continuous efforts to optimize pricing strategies through advanced machine learning technologies. For a company that caters to over 250

In a strategic move to enhance its technological capabilities, CoverGo, an InsurTech company known for providing comprehensive digital solutions to the insurance industry, has appointed Louis Lee as the managing director for the Asia-Pacific (APAC) region. With over 20 years of experience in various aspects of life, health, and general insurance and reinsurance, Lee is expected to lead initiatives that

The rapidly evolving landscape of financial technology has prompted companies to seek innovative solutions to enhance efficiency and customer satisfaction. In an industry as intricate as insurance, optimizing payment processes can be particularly challenging. Recently, One Inc, a leading payments network for the insurance industry, and U.S. Bank, a major financial institution, announced a partnership aimed at revolutionizing insurance payments.

In an era where artificial intelligence and cloud technology are reshaping industries, Five Sigma is making significant strides in transforming the insurance claims management landscape. Founded in 2017 by Oded Barak and his partners, Five Sigma has combined its in-depth knowledge of the insurance sector with state-of-the-art technological advancements to create groundbreaking solutions. The company’s primary innovation, Clive, is the

Ceta, a prominent specialist personal lines broker within the rapidly growing Atec insurance group, has recently embarked on a significant partnership with Open GI, a well-regarded provider of software solutions. This collaboration aims to integrate Mobius, Open GI’s advanced cloud-based platform, into Ceta’s existing systems. The partnership is poised to transform Ceta’s capabilities in offering a more diverse range of