Xceedance Appoints Insurance veterans to Support European Market

Xceedance, a global provider of strategic operations support, technology, and data services to insurance organisations, announced the appointments of industry veterans Isabelle Clausner and Tracy Harrington Cloud to develop and manage the company’s interactions with insurers in the European region. Isabelle Clausner joins Xceedance as vice president, client executive for southern Europe and is based in Paris. She will leverage her more than 20 years of experience in European insurance markets to introduce Xceedance capabilities...

Gradient AI Joins Guidewire Insurtech Vanguards Program

Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions for the insurance industry, announced that the company has joined Guidewire’s Insurtech Vanguards program, a new initiative led by property and casualty (P&C) cloud platform provider Guidewire (NYSE: GWRE), to help insurers learn about the newest insurtechs and how to best leverage them. “Guidewire is one of the most recognized platform providers in the insurance industry today and we are proud to be working with...

Resolution Life Builds Singapore Presence for Asian Life Insurers

Resolution Life is pleased to announce the formation of its new Representative Office in Singapore Resolution Life aims to grow its in-force business in Asian mature markets, by providing solutions to the primary life industry Resolution Life Group Holdings L.P. (“Resolution Life”) is delighted to announce the formation of its new Representative Office in Singapore, following recent approval by the Monetary Authority of Singapore. The formation of the Representative Office is the first step in...

Global Embedded Insurance Business and Investment Opportunities

The “Global Embedded Insurance Business and Investment Opportunities – Q1 2022 Update” report has been added to ResearchAndMarkets.com’s offering. According to this report the industry is expected to grow by 31.9% on annual basis to reach US$56,979.8 million in 2022. The embedded insurance industry is expected to grow steadily over the forecast period, recording a CAGR of 20.7% during 2022-2029. The embedded insurance revenues in the region will increase from US$56,979.8 million in 2022 to reach US$161,598.3 million by...

COVID-19 Claims Put Thailand Insurers Under Pressure

Operating losses relating to medical insurance products covering COVID-19 infections have put considerable strain on the operating performance and balance sheets of several Thailand insurers, according to a new AM Best commentary. In its Best’s Commentary, titled, “COVID-19 Claims Put Thailand Insurers Under Pressure,” AM Best notes that according to the Thailand General Insurance Association (TGIA), most of the COVID-19 claims in the country have come from a short-term policy that pays a sizable lump sum when a...

Akur8 Announces Gold Sponsorship of Duck Creek Formation ‘22

Akur8, the next generation insurance pricing solution powered by transparent machine learning, is excited to announce its Gold sponsorship of Duck Creek Formation ‘22, Duck Creek’s annual conference for the Duck Creek community, taking place March 6 through March 8 in Orlando, Florida. The strategic partnership between Duck Creek and Akur8 has been a game-changer for the P&C insurance industry, delivering a combined SaaS platform that streamlines and empowers insurers’ rate-making process from data to...

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