insurance - FinTecBuzz

Relativity6 announced partnership with Duck Creek Technologies

July 21, 20234 min

The Relativity6 AI-powered industry classification platform enables carriers to quickly classify businesses and understand what those businesses are truly doing right now Relativity6 announced today that it has partnered with Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, to offer best-in-class industry classification. Via the Duck Creek Platform, Relativity6 allows insurers to instantly classify any business by its 6-digit NAICS, ISO GL, or NCCI codes....

by BusinessWire

Insurance

AI Insurtech CLARA Analytics expands presence in Asia-Pacific

July 18, 20234 min

CLARA Analytics, a leading provider of AI technology for personal injury claims optimization, announces an exclusive partnership with OPEX Consultants (“OPEX”), an Australian boutique growth strategy and profit improvement insurance consulting practice, to represent CLARA in Australia and New Zealand. The partnership constitutes a strategic commitment to expand CLARA’s business in the Asia-Pacific region. CLARA’s products have delivered rapid and substantial return on investment for some of the world’s leading insurers, including one of Australia’s...

by PRNewswire

Insurance

TCU Insurance joins INGUARD

July 17, 20233 min

INGUARD, a national insurance and risk management agency licensed in all 50 U.S. states, announced that TCU Insurance is now part of the INGUARD organization and will go to market under the INGUARD brand. Rick Van Es, Principal of TCU Insurance, and INGUARD Principal Daniel Schmitz will jointly lead the agency. “I’m even more excited about our future now that the TCU Insurance team has joined INGUARD,” said Schmitz. “They share our values and similarly believe...

by PRNewswire

Insurance

Canopy Connect joins HawkSoft Solution Partner Program

July 13, 20234 min

Partnership allows agencies to collect and verify information from prospects and clients, and integrate directly into HawkSoft's management system.

by BusinessWire

Insurance

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 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...

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