Insurance - FinTecBuzz

ZhongAn Raises $500M in H Share Placement for Growth

July 7, 20253 min

ZhongAn Online P & C Insurance Co., Ltd. (“ZhongAn” or the “Company“; HKEX: 6060) announced on July 4 the successful completion of its H share placement, raising gross proceeds of approximately HK$3.92 billion (US$500 million). This marks the Company’s first equity financing since its 2017 IPO and signifies a major milestone in advancing its growth strategy. A total of 215 million new H shares were issued at HK$18.25 per share, representing approximately 12.76% of the Company’s enlarged share capital. The placement achieved...

by PRNewswire

Insurance

Digital Finance Forum 2025 Held at Beijing Finance Park

July 7, 202519 min

On July 3, the Digital Finance Forum of the Global Digital Economy Conference 2025 was held at the Beijing Banking & Insurance Business Park. The forum was hosted by the Shijingshan District People’s Government of Beijing Municipality and Asia Digital Group. As a key event of the Global Digital Economy Conference, it brought together governments, financial institutions, and experts from countries including the United States, the United Kingdom, Germany, Japan, and Finland to engage in in-depth discussions on the theme of “Industry-City Synergy,...

by PRNewswire

Insurance

King Risk Partners Acquires VIA Insurance Agency

July 2, 20253 min

King Risk Partners, the 56th largest insurance brokerage in the United States, is excited to announce the acquisition of VIA Insurance Agency, Inc. (Valvano Insurance Agency), a trusted independent insurance agency located in Holmdel, New Jersey. This acquisition enhances King’s footprint in New Jersey and underscores the dedication to delivering outstanding service and tailored insurance solutions to communities across New Jersey. VIA Insurance Agency, a respected independent agency based in Holmdel, New Jersey, has been serving individuals and businesses throughout the state...

by PRNewswire

Insurance

Fintech GCash provides insurance to 14 million Filipinos

June 30, 20254 min

Insurance has traditionally been perceived as a luxury for many Filipinos, often sidelined due to daily financial priorities. GCash, the country’s leading finance super app, is changing this through its digital insurance platform, GInsure. Launched in 2021, GInsure offers flexible, straightforward, and affordable coverage and is conveniently available on a platform trusted by millions. As of the first quarter of 2025, GInsure has unlocked insurance for over 14.6 million users, issuing more than 51.4 million...

by BusinessWire

Insurance

SmartStream Brings AI-Powered Data Management to the Insurance Sector

June 12, 20255 min

SmartStream, the financial Transaction Lifecycle Management (TLM®) and solutions provider, has announced the expansion of its AI-driven reconciliation and data management platform, SmartStream Air, into the insurance sector. This move aims to help insurers tackle fragmented data challenges, reduce operational costs, and strengthen compliance through robust audit trails. As the insurance industry struggles with limited digital maturity, it faces mounting pressure from increasing transaction volumes, persistent data quality issues, and the complex demands of evolving...

by Feather

Insurance

Feather Launches Insurance for Europe’s Expat Workforce

June 11, 20256 min

• The digital-first insurer expands beyond individual coverage to offer businesses coverage for their cross-border team members • Feather streamlines the insurance process for HR teams and employees alike • The service will be led by Feather’s Head of B2B Nicolai Schieffer

by BusinessWire

Insurance

COVU Acquires Lords Insurance Agency, Expands California Footprint

June 9, 20256 min

COVU, Inc., the leader in AI-native services for insurance agencies, today announced the acquisition of Lords Insurance Agency, a Southern California–based independent agency with a 40+ year history serving local families and businesses. The move marks COVU’s third acquisition in a broader multi-agency expansion strategy that enhances its AI-native platform and deepens its footprint across California. Lords Insurance is widely recognized for its personalized service, multilingual team, and trusted relationships within the Vietnamese community in Westminster...

by PRNewswire

Insurance

NEC Specialty Adopts Expert Insured for Next-Gen Policy Management

June 9, 20254 min

NEC Specialty Inc., a leading managing general agency serving brokers across the East Coast, has officially gone live on the Expert Insured Policy Management platform, an advanced, AI-driven system built specifically for MGAs and wholesale distributors. This strategic move underscores NECS’s commitment to innovation and operational excellence. NECS operates as an independent MGA, distinct from its former parent company, Northeast Coverages Inc., which was acquired by Acrisure, a global fintech leader, in 2023. The adoption...

by BusinessWire

Insurance

Quandri Names Patrick Mulroy Head of Strategy to Boost Growth

May 21, 20254 min

Quandri’s expansion plans include opening a Boston office to more effectively service its growing US customer base, which includes HomeServices Insurance and Blue Ridge Risk Partners among others Quandri, the AI platform modernizing personal lines renewals for insurance agencies, today announced the appointment of Patrick Mulroy as Head of Strategy and Partnerships. With more than 15 years of experience in the insurance and tech industries, Patrick will play a critical role in driving Quandri’s expansion across North...

by PRNewswire

Insurance

VisitorsCoverage Honored with Stevie® for Outstanding Customer Support

May 20, 20253 min

VisitorsCoverage, a global travel insurance marketplace and a pioneer in insurtech, is proud to announce that it has earned a Bronze Stevie® Award for Customer Service Team of the Year at the 2025 American Business Awards®. Such prestigious recognition reflects VisitorsCoverage’s ongoing commitment to delivering exceptional customer support in the often complex and high-stakes world of travel insurance. The company’s award-winning customer service team is composed of licensed insurance experts who go above and beyond...

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