InsurTech

Canadian pension major the Public Sector Pension Investment Board has agreed to back insurance brokerage business Alliant Insurance Services.

Waterdrop, a technology platform dedicated to insurance and healthcare services, has internally tested a ChatGPT-like feature to apply it to insurance marketing and services.

Life insurance company Singapore Life has acquired Yolopay, supporting its move into the prepaid card sector.

Prudential Financial and Vitality Global, a health and well-being company offering InsurTech solutions, have entered into a 10-year expanded partnership for an offering in Latin America.

Hannover Re has launched an innovation which will facilitate connections and development of InsurTech.

Constellation Insurance has selected SS&C Technologies Holdings to help manage its growing commercial mortgage portfolio.

Nok Nok Labs has deployed its biometric authentication technology to Aflac Japan, helping ease authentication for insurance.

Chubb has unveiled new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions, a byproduct of oil and gas production that are among the most severe greenhouse gases.

Robotic process automation software business UiPath has struck a $7bn valuation through a funding round from a string of venture capital and other investors.

Chubb, a publicly traded property and casualty insurance company, has appointed Frances O'Brien as executive vice president and chief risk officer.