insurance company - FinTecBuzz

Affirm Expands Partnership with New York Life for Loans

November 3, 20254 min

Affirm, the payment network that empowers consumers and helps merchants drive growth, today announced an expansion of their long-term capital partnership with New York Life, America’s largest1 mutual life insurance company. Under the expanded agreement, New York Life will purchase Affirm’s installment loans on a forward-flow basis between now and December 2026, with an outstanding amount of up to $750 million. This provides off-balance-sheet funding that can support approximately $1.75 billion in annual consumer loan volume,...

by Robert Hobbs

Guest Articles

The Hidden Cost of Tech Waste and How to Maximize Your IT Budget

July 2, 202515 min

The hidden cost of tech waste is silently draining your IT budget. Learn how leading organizations maximize IT spending with AI-powered visibility and real-time insights.

by BusinessWire

Investments

Sara Mathew joins Star Mountain Capital as Senior Advisor

January 20, 20256 min

Star Mountain Capital, a rapidly growing employee-owned specialized investment firm with over $4 billion AUM, focused on delivering systematic alpha and low market correlated returns from making private loans and private equity investments and purchasing secondary LP interests and assets in the large, fragmented and resource intensive lower middle-market, announced that Sara Mathew has joined as Senior Advisor.

by BusinessWire

Insurance

Embroker Elevates Insurance with Everspan, New CIO & Expanded Verticals

October 21, 20247 min

Company marks another year in modernizing legacy insurance at ITC 2024 Company marks another year in modernizing legacy insurance at ITC 2024

by PRNewswire

Insurance

GNP Seguros Recognized in Silicon Valley for Innovation in Insurtech

June 19, 20244 min

GNP Seguros, the leading insurance company in Mexico, has been awarded the Corporate Innovation Award in Insurtech by Silicon Valley’s most active investor, Plug and Play. This prestigious award recognizes GNP’s commitment to innovation and outstanding achievements in the Insurtech space. GNP was selected for this award based on its aggregated innovation metrics, which include interaction with startups, number of pilots, product rollouts, and overall engagement activities on Plug and Play’s platform. GNP has consistently demonstrated a...

by PRNewswire

Insurance

CL Life announces appointment of Douglas Brown to Chief Actuary

January 18, 20244 min

Mr. Brown brings more than two decades of experience developing life insurance and annuity products

by PRNewswire

Insurance

Sendero Health Plans names Sharon Alvis as next Chief Executive

September 22, 20235 min

Sendero Health Plans Inc. (Sendero) announced Wednesday it has named Sharon J. Alvis as the new chief executive officer to lead the nonprofit health maintenance organization (HMO), which was created and is funded and owned by Central Health. Sendero offers health insurance plans through the Affordable Care Act’s (ACA) federal Health Insurance Marketplace. Before joining Sendero, Alvis served as market president for Curative Insurance Company, where she led development of a new fully insured preferred provider organization (PPO)...

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

NYCM Insurance receives J.D. Power Award for 2nd Year in a Row

July 21, 20233 min

NY-Exclusive Insurance Company Ranked #1 in Customer Satisfaction among Auto Insurers in New York; 1st in 4 out of 5 study factors. For the second year in a row, NYCM Insurance is proud to announce being ranked #1 in Customer Satisfaction Among Auto Insurers in New York in the J.D. Power 2023 U.S. Auto Insurance Study. J.D. Power published the results of its 2023 U.S. Auto Insurance Study on June 13. Providing regional analyses of customers’ perceptions of their auto insurer’s ability to...

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...

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