Federal Life Insurance Company Selects DXC Technology to Enhance Policy Buying Experience

Federal Life Insurance Company, based in Riverwoods, IL just northwest of Chicago, has gone live with DXC Assure for Life and Wealth to enhance the policy buying experience for their customers and agents, streamline key processes, and drive business growth. DXC’s solution is built on a scalable, cloud-based architecture, implemented on Amazon Web Services (AWS), and provided to Federal Life on an “as-a-Service” basis. DXC Technology’s end-to-end insurance management solution streamlines new business acquisition for...

UNIQA Insurance Group AG Recognized As Model Insurer By Celent

Celent, the global financial services research and advisory firm, has recognized UNIQA Insurance Group AG with the Model Insurer Award in the Data, Analytics and AI category. UNIQA receives the award after implementing FRISS’ fraud detection software for their successful Strategic Group P&C Anti-Fraud Initiative. Celent’s annual award program recognizes insurance carriers as “model insurers” for their outstanding technology initiatives. In order to win, the initiatives must demonstrate clear business benefits, innovation, and technology or...

John Hancock and Clareto Streamline Life Insurance Purchase Process

Today, John Hancock announces a strategic collaboration with Clareto, a leader in digital solutions to acquire and aggregate electronic health data, to further improve the Company’s underwriting speed and efficiency as part of its ongoing commitment to transform the life insurance purchase experience. Clareto’s capabilities include enabling access to more than 52 million unique patient records* through a fully HIPAA-compliant integration of state and regional health information exchanges and national electronic medical record vendors. John Hancock will leverage Clareto’s growing network...

Ping An Ranks 8th in 2019 International Patent Applications

Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An“, the “Group” or the “Company”, HKEx:2318; SSE:601318) announced that Ping An Technology (Shenzhen) Co., Ltd. (Ping An Technology) ranked 8th globally with 1,691 patent applications in the 2019 Patent Cooperation Treaty (PCT) international patent applications released by the World Intellectual Property Organization (WIPO). Ping An Technology’s patent applications included 679 in artificial intelligence (AI), 58 in blockchain and 48 in cloud computing, demonstrating a leading position...

Insurtech Startup Branch to Aid Auto Insurance Clients

Columbus-based startup Branch announced they are giving back 15% of monthly insurance premiums to auto policyholders in response to the current health crisis. This compassionate initiative recognizes clients’ reduced driving due to shelter in place orders in effect and works to ease the financial burden many are facing across the country. This credit will apply to auto policies in effect during April and May and will be offered in unique options. Policyholders will be able to receive...

Simplicity Acquires Fidelity Financial Group and Welcomes Terry Feuchtinger and Reid Juul

Simplicity Group Holdings (“Simplicity “) is pleased to announce that it has acquired Houston-based Fidelity Financial Group (“FFG”), an independent insurance distribution company, and that it welcomes Terry Feuchtinger and Reid Juul as its newest Principals. FFG will begin its transition to the Simplicity Houston brand effective immediately. “We are delighted to have Terry, Reid and their team as part of the growing Simplicity platform,” stated Bruce Donaldson, Simplicity’s President and Chief Executive Officer.  “FFG has been a leader in providing...

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