Tag: Insurance

Brookfield Asset Management’s reinsurance branch has agreed to acquire multi-product insurance company American National Group for $5.1bn in cash.

Cloud-based InsurTech Novidea has revealed it has joined the ACORD Solutions Group (ASG) Licensed Integrator Partner program to expand its global presence in the market.

P&C insurer Chubb has entered a deal to buy the life and non-life insurance companies of Cigma in seven Asia Pacific markets for a total of $5.75bn.

Bdeo, which builds visual intelligence for motor and home insurance firms, is currently going through big changes as it looks to reinforce its identity. As part of this effort, the Spanish InsurTech recently underwent a rebranding.

The InsurTech industry might evolve to become more personalised to the individual consumer post-pandemic, according to Direct Line CTO Sarah Greasley.

Insurance giant AXA has introduced STeP, a new digital claims solution to help customers simplify their motor insurance process.

Property and casualty insurer Chubb has acquired StreamLabs to improve its waterflow monitoring and claims capabilities.

Cyberattacks are an ever-increasing threat in the FinTech world and cybersecurity has become a top priority for most large businesses. However, SMEs mistakenly believe in the myth that their risk is low, therefore becoming a prime target for cybercriminals.

Amplify Life Insurance, a provider of permanent life insurance, has collected $2.5m in its seed round.

reThought Insurance, a digital MGA aimed at the flood insurance market, has closed its Series A round on $15.5m.