Insurance - FinTecBuzz

Gallagher released new study results

August 9, 20238 min

Gallagher, a global insurance brokerage, risk management and consulting services company, commissioned a survey of 1,000 U.S. business owners aimed to glean insights on their mindset around risk mitigation. Despite the majority (97%) of business owners having business-related insurance policies, an overwhelming 83% expressed worries about specific events or losses that have the potential to affect their business, and another 83% are either actively looking or very likely to seek additional insurance policies to provide...

by ForwardLane

Insurance

ForwardLane launched EMERGE – Generative AI platform to supercharge New Gen of Financial Services Professionals

August 8, 202310 min

With the new generative AI platform, financial organizations can rapidly scale their data and analytics capabilities while key sales, marketing, business, and product professionals with no AI/LLM expertise can now easily create, preview and engage with valuable insights. Fully compliant, transparent, flexible, easily deployable and upgradable, the solution provides real-time answers, insights and analytics sourced from internal and external enterprise data. ForwardLane, the provider of AI-powered intelligence solutions, announces the launch of its new generative...

by GlobeNewswire

Insurance

Westland Insurance acquired two P&C brokerages

August 7, 20233 min

Westland Insurance, Canada’s leading independently-owned insurance brokerage, announced that it acquired two P&C brokerages: Hubbard Insurance Group and Assurance B. Belliveau Insurance Inc. These acquisitions contribute to Westland’s national expansion and bring Westland into new areas. Hubbard Insurance Group is a family-owned brokerage located in Ontario that’s been serving the insurance industry for 35 years. It’s comprised of two divisions: Hubbard Insurance Brokers, a P&C brokerage with a commercial insurance focus, and Hubbard Financial Services,...

by PRNewswire

Insurance

Ping An ranked 33rd in the Fortune Global 500 List

August 4, 20239 min

Fortune has announced the 2023 Global 500 list. Ping An Insurance Company of China, Ltd. (“Ping An” or the “Group”, HKEx:2318; SSE:601318) ranked 33rd on the list with its revenue recorded USD181,566 million. The Group ranked 5th among global financial enterprises, ranked 4th among the Mainland Chinese financial enterprises, and maintained 1st place among global insurance enterprises for five consecutive years since 2019. Under the technology-driven “integrated finance + healthcare” strategy, Ping An continued to see the pursuit of high-quality development as...

by PRNewswire

Insurance

Insurtech startup Functional Finance raises $8 Mn in seed capital

August 4, 20237 min

Funding, led by NEA with the support of other premier investors including Hank Greenberg's C.V. Starr Insurance, will accelerate product development and marketing initiatives that focus on streamlining back-office functions for companies in the insurance industry

by PRNewswire

Insurance

Applied Surety Underwriters and SiriusPoint strategically partner

August 3, 20234 min

Combining capital resources and underwriting expertise, the alliance will benefit brokers and their clients in North America and internationally

by PRNewswire

Insurance

Ascensus Institutional Solutions expands Sales Team

August 3, 20233 min

Ascensus whose technology and expertise help millions save for a better future has announced the expansion of the sales team offering nonqualified deferred compensation (NQDC) plans and insurance distribution under Ascensus’ Institutional Solutions line of business. Institutional Solutions embraces the expertise acquired as part of the merger with Newport and is focused on expanding services to advisors, plan sponsors and financial institutions in the specialized fields of insurance funding and administration, nonqualified plan recordkeeping, fiduciary services and...

by PRNewswire

Insurance

Marilyn Todd Insurance rebrands as Peachy Insurance

August 2, 20233 min

Marilyn Todd Insurance, a trusted Allstate agency and one of the fastest-growing insurance providers in the country, its rebranding to Peachy Insurance. This transformative step is part of the company’s ongoing commitment to delivering top-tier, customer-focused Property & Casualty insurance services across Georgia. The comprehensive rebrand elevates the focus on the company’s client-first philosophy and dedication to simple, reliable insurance solutions. The rebrand includes a new name, logo, visual identity, and enhanced digital platforms, reflecting...

by BusinessWire

Insurance

Lockton Re expands CyberCube partnership with IED

August 1, 20234 min

Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker is expanding its partnership with cyber risk analytics leader CyberCube by licensing CyberCube’s Industry Exposure Databases. CyberCube’s Industry Exposure Databases were launched in October 2022 to enable (re)insurers and brokers to perform a wide array of benchmarking, sensitivity, and real-time analyses for cyber risks. They provide a foundation for cyber risk models and include CyberCube’s Economic Exposure Database (EED) and Industry Exposure Database...

by PRNewswire

Insurance

Sapiens ReinsuranceMaster Platform named as “Luminary” Solution

July 31, 20232 min

Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced that Sapiens ReinsuranceMaster was recognized as a “Luminary” solution in Celent’s 2023 Ceded Reinsurance Solutions Global Report. Research and consulting firm Celent profiled 12 global ceded reinsurance solutions. This year’s report contains the Technical Capability Matrix, which ranks solutions according to Advanced Technology and Breadth of Functionality. Sapiens ReinsuranceMaster was named a “Luminary” solution, the top tier in the matrix,...

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