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 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

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

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,...

by PRNewswire

Insurance

BondExchange named Recommended Surety Partner on TrustedChoice.com

July 29, 20233 min

BondExchange, the technology and service leader in the surety bond industry, and TrustedChoice.com, the leading digital marketing platform for the independent insurance industry, announced today an enhanced partnership to bring BondExchange’s surety platform to the nation’s most extensive collection of independent insurance agents. Immediate access to the BondExchange platform is available to TrustedChoice.com agents at www.bondexchange.com/trusted-choice. “BondExchange’s mission is to empower agents with the tools needed to make surety a consistently profitable and low touch product...

by PRNewswire

Data & Analytics

Ennabl raised $8M In Series A fundraising round

July 27, 20233 min

Ennabl, a leading Insurtech data analytics platform, is proud to announce the successful completion of its Series A funding, which has raised $8M. This funding will accelerate the company’s growth and expand its market reach. The Series A round was led by Brewer Lane Ventures, with participation from Altai Ventures and private investors. The company will use the funds to invest in product development, expand the company’s sales and marketing efforts, and grow its team. “Ennabl’s...

by PRNewswire

Insurance

Sapiens CoreSuite for Life & Pensions won 2023 Celent XCelent Award

July 24, 20234 min

Sapiens CoreSuite is recognized as a “Luminary” PAS solution excelling in both Advanced Technology and Breadth of Functionality in EMEA Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced today that Sapiens CoreSuite for Life & Pensions has won Celent’s 2023 XCelent award for the Breadth of Functionality category in the EMEA region. Research and consulting firm Celent analyzed 35 policy administration systems for life and pension insurance, using the...

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...

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