Insurance | FinTecBuzz

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InsuranceAmbetter from MHS Offers Health Insurance Across Indiana

November 30, 20217 min

Indiana residents can choose from a variety of plans that fit their needs and budgets Open enrollment for the Health Insurance Marketplace in Indiana runs through January 15, 2022. This year, Ambetter from MHS is offering affordable health insurance options statewide across Indiana through the federal Health Insurance Marketplace. “The COVID-19 pandemic revealed the importance of making healthcare more accessible to help ensure communities can receive the care they need,” said Kevin O’Toole, MHS President and CEO. “Ambetter from MHS has a diversity of...

by PRNewswire

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InsuranceGlobal Health Insurance Market Report 2021

November 25, 202113 min

The “Health Insurance Market – Forecasts from 2021 to 2026” report has been added to ResearchAndMarkets.com’s offering. The global health Insurance market is evaluated at US$79.254 billion for the year 2019 and is projected to grow at a CAGR of 4.71% to reach US$109.383 billion in 2026.Health Insurance is an insurance solution that provides for the medical and surgical expenses of a person who has taken this policy. It functions in two ways either it provides reimbursement of the expenditure incurred due to...

by BusinessWire

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InsuranceInsurtech MGA Corvus Insurance Partners With CyberCube

November 23, 20214 min

Corvus Insurance, a leading provider of smart commercial insurance products powered by AI-driven risk data, is to use CyberCube’s Portfolio Manager to better analyse and understand cyber risk. In addition to Portfolio Manager, the Boston-based managing general agent (MGA) will also use CyberCube’s Single Point of Failure (SPoF) model and Attritional Loss model as it seeks to grow its business in the current attractive conditions in the insurance market. Corvus Insurance specialises in providing cyber and data breach insurance to enterprises in...

by PRNewswire

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InsuranceUnited Kingdom Insurtech Market 2021-2026

November 22, 202110 min

The “United Kingdom Insurtech Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering. The UK insurance industry is fundamentally changing. The UK general insurance market continues to be fiercely competitive but is troubled by sustained low profitability fueled by the predominance of online distribution channels. Insurers recognize that the everyday lives of their customers are being transformed by new technologies. They also recognize that this transformation is affecting their own...

by BusinessWire

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InsuranceSaudi Arabia Health Insurance Industry to 2026

November 19, 20217 min

The “Saudi Arabia Health Insurance Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026″ report has been added to ResearchAndMarkets.com’s offering. The Saudi Arabia health insurance market reached a value of around US$ 6 Billion in 2020. Health insurance is a type of insurance coverage that periodically charges a sum from the policyholder and pays for medical and surgical expenses incurred by the individual in case of a medical emergency. An efficient health insurance plan includes services such...

by BusinessWire

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InsuranceIAT Insurance Group Names Trent Haas Chief Claims Officer

November 18, 20213 min

Bill Cunningham, CEO of IAT Insurance Group, a leading provider of specialty property/casualty and surety products, announced the hiring of Trent Haas to lead the insurer’s claims unit as Chief Claims Officer. Haas brings broad claims background and strong leadership experience to the role. “Trent has claims experience across a variety of lines, including property (homeowners and commercial), general liability, and auto liability, which correspond to our specialty markets,” said Cunningham. “His collaborative leadership style...

by PRNewswire

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InsuranceIndependent Insurance Group, LLC Announces Key New Hires

November 17, 20212 min

Independent Insurance Group, LLC (“Independent Group”) announced today two new hires. Nancy Robertson has joined Independent Life Insurance Company as Vice President, Policy Administration, and Shannon Marconi has joined Independent Group as Assistant Vice President, Finance & Accounting. “We are thrilled to welcome Nancy and Shannon to our growing team,” said George Luecke, President and Chief Strategy Officer of Independent Group. “Their roles are crucial to the continued implementation of our strategic and operating initiatives. We look forward to further announcements soon,...

by PRNewswire

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InsuranceZurich American Insurance Co. signs agreement to acquire SIS

November 12, 20214 min

Acquisition will help Zurich expand supplemental health insurance offerings, including gap medical and occupational accident solutions for employers and workers. Zurich American Insurance Company (“ZAIC”), a leading provider of insurance products and services to businesses in multiple industries, has signed an agreement to acquire Special Insurance Services, Inc. (“SIS”), a Texas-based program manager whose offerings include gap medical and occupational accident insurance products. The acquisition will expand ZAIC’s supplemental health insurance solutions that help businesses and...

by BusinessWire

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InsuranceInsurance leader Lemonade To Acquire Metromile

November 9, 20215 min

Lemonade (NYSE: LMND) the insurance company powered by AI and social good, and Metromile (NASDAQ: MILE, MILEW), the data science company focused on auto insurance, have entered into a definitive agreement pursuant to which Lemonade will acquire Metromile in an all-stock transaction that implies a fully diluted equity value of approximately $500 million, or just over $200 million net of cash. Under the terms of the transaction, Metromile shareholders will receive Lemonade common shares at a...

by BusinessWire

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InsuranceAM Best Affirms Credit Ratings of Fubon Insurance Co., Ltd.

November 8, 20216 min

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Fubon Insurance Co., Ltd. (Fubon Insurance) (Taiwan). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Fubon Insurance’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management. Fubon Insurance’s risk-adjusted capitalisation remained at the strongest level...

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