Insurance - FinTecBuzz

Certificial raises $15M to support growth of Smart COI Network

July 12, 20235 min

The platform solves fundamental insurance verification challenges for all stakeholders involved in the process. Certificial, the creator of the Smart COI Network™, announced a $15M round of funding led by Nyca Partners. Nyca joins IA Capital, Fin Capital, Cofounders Capital, Cameron Ventures, and Nationwide Ventures as investors. In the past year, Certificial has gained significant traction among the risk management community and with insurance brokers. Certificial, a pioneer in business insurance monitoring technology, leverages its...

by BusinessWire

Insurance

Curative Appoints New Chief Growth Officer

July 11, 20234 min

Sean Maguire Brings Relationship-Driven Sales Strategy and Innovation to the Company’s Growing New Health Plan Offering Curative Insurance Company, a pioneering provider of the, no copay, no deductible health plan*, is thrilled to announce the appointment of Sean Maguire to the role of Chief Growth Officer (CGO). Sean brings over 30 years of experience in sales with a track record of driving revenue growth and boosting sales for major market leaders within the healthcare benefits...

by PRNewswire

Insurance

NSM Insurance Group acquires Shield Commercial Insurance Services

July 11, 20234 min

Company continues its acquisition spree as part of strategic growth plan. NSM Insurance Group, the nation’s leading specialty insurance provider with more than $1.5B in premium across 25+ niche insurance programs in the U.S. and U.K., announced the completion of its acquisition of Shield Commercial Insurance Services. Based in Palm Desert, CA, Shield specializes in insurance solutions for the general contractor and construction liability space. “We are energized to continue our series of strategic acquisitions in the U.S....

by PRNewswire

Insurance

ZhongAn unveils AI & AIGC Integration roadmap into insurance sector

July 10, 202313 min

On July 7, ZhongAn Online P&C Insurance Co., Ltd, China’s first online-only insurance company, presented its vision of how the transition from digital intelligence to “AI +insurance” at the “Next Generation Digital Infrastructure, Brand New Value for Insurance Ecosystem” subforum of the 2023 World Artificial Intelligence Conference (WAIC2023). The transition is set to revolutionize the entire process of the sale and management of insurance, paving the way for an entirely new insurance infrastructure. The presentation delved into...

by PRNewswire

Insurance

Nayms issues crypto-denominated Industry Loss Warranty (ILW)

July 7, 20235 min

Nayms SAC Ltd., the leading crypto-native insurance marketplace, is proud to announce the issuing of the world’s first crypto-denominated industry loss warranty (ILW) through the second segregated account or ‘cell’ within its marketplace. This type of instrument is index-based and used for providing retrocessional reinsurance protection to property reinsurers. In this program, Nayms provides coverage for US named windstorm, attaching above a loss trigger of $60 billion. The basic structure aligns with other ILWs, but Nayms innovates on...

by BusinessWire

Insurance

Majesco implements Qlik’s data integration capabilities

July 7, 20234 min

Available to all Majesco Cloud customers this modern data architecture eliminates implementation costs, delays and risks Majesco, a global leader of cloud insurance platform software for insurance business transformation, announced it is enhancing our Majesco Analytics solutions and speeding implementation with Qlik’s data integration capabilities. Majesco will be leveraging Qlik Data Integration’s replication capabilities to enable Majesco to automatically replicate all data for Majesco Intelligent Core for P&C and L&AH, Digital and Distribution Management solutions...

by PRNewswire

Insurance

Senior Market Sales® Acquires The ASA Group

July 6, 20236 min

Partnership Also Marks SMS’ Entry Into the Life Settlement Market as Interest Grows Senior Market Sales® (SMS), one of the industry’s premier insurance marketing organizations (IMOs), has acquired The ASA Group, a Little Rock, Arkansas, brokerage general agency serving insurance and financial planning professionals across the country for more than four decades. “The ASA Group is an outstanding fit as SMS expands our acquisitions to include life insurance and annuity distribution,” said SMS President Jim Summers. “We share...

by BusinessWire

Insurance

Brookfield Reinsurance to Acquire AEL in $4.3 Billion Transaction

July 5, 202313 min

Brookfield Reinsurance and American Equity Investment Life Holding Company announced that they have entered into a definitive agreement whereby Brookfield Reinsurance will acquire all of the outstanding shares of common stock of AEL it does not already own in a cash and stock transaction that values AEL at approximately $4.3 billion. As part of the agreement, each AEL shareholder will receive $55.00 per AEL share, consisting of $38.85 in cash and 0.49707 of a Brookfield...

by PRNewswire

Insurance

Ping An Secures Top 1% ESG Rating in Sustainability Yearbook 2023

July 5, 20236 min

Ping An Insurance Company of China, Ltd. (“Ping An” or the “Group”, HKEx:2318; SSE:601318) has emerged as a standout among nearly 1,600 Chinese companies for its commitment to long-term sustainability and exemplary ESG practices. The company was selected in the S&P Global Sustainability Yearbook 2023 (China Edition). Ping An was the sole insurance company to be included in the “Best 1% of Chinese Companies in S&P Global ESG Score” for its exceptional performance in environmental, social and...

by PRNewswire

Insurance

1891 Financial Life Awarded on Best Insurance Companies 2023 List

July 4, 20233 min

1891 Financial Life has been awarded on the Forbes list of the Best Insurance Companies 2023. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on June 6th, 2023, and can currently be viewed on the Forbes website. World’s Best Insurance Companies 2023 were determined based on an independent survey from a vast sample of over 30,000 consumers in 15 different countries....

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