Tag: Aviva

The state of reinsurance pricing in 2023 is under scrutiny. With the landscape of risks evolving at an unprecedented pace, reinsurers are facing significant barriers to optimally underwriting risks. A staggering 70% of underwriters acknowledge that this rapidly changing environment presents the greatest challenge to their ability to underwrite risks effectively.

Aviva's Global Corporate and Specialty (GCS) has leveraged hyperexponential’s Pricing Decision Intelligence (PDI) platform, hx Renew, to build 20 new insurance pricing models in just nine months.

Aviva has welcomed environmental stewardship with the appointment of Leah Ramoutar as Environmental Sustainability Director.

Aviva has announced the acquisition of AIG Life Limited  from Corebridge Financial, Inc., a quoted subsidiary of AIG, for £460m.

Aviva has appointed Jason Storah as CEO of UK & Ireland General Insurance, and Tracy Garrad as CEO of Aviva Canada. 

Irish FinTech company, Fineos, primarily known for its prowess in the insurance software segment, has impressively clinched a $40m investment to fortify its financial foundation.

Ardonagh UK has appointed former director of regional brokers, strategy and propositions at Aviva, Karen Jackman as commercial MGA sales director. 

Aviva has committed a further £150m to its corporate venture capital fund, Aviva Ventures, which will focus on investing in early-stage businesses in emerging technology and customer trends.

Aviva UK has renewed its partnership with Majesco, a provider of cloud insurance platform software for insurance business transformation, to improve underwriting profitability.

Insurance giant Aviva and financial services company Singlife have launched a new accelerator programme to support the growth of InsurTech startups in Singapore.