Industry News

KYND Limited, a leading entity in cyber risk management, and Consilium, the international (re)insurance broker under the Aventum Group, have announced a significant strategic partnership.  

Turkish President Recep Tayyip Erdogan and Greek Prime Minister Kyriakos Mitsotakis have joined forces in an agreement aimed at broadening their connections across various industries, notably within the reinsurance sector. 

Pen Underwriting, a notable player in the insurance sector, has welcomed Megan Jones as their new capacity relationship manager, effective 2 January 2024.

A group of leading companies have published an open letter to the insurance industry announcing the launch of the InsurTech Coalition.

American International Group, Inc. (AIG) has successfully concluded its secondary offering of Corebridge Financial, Inc. (CRBG) shares, generating approximately $712m.

London-based InsurTech Novidea has revealed that it will be expanding into the Southeast Asian market.

dacadoo, a Swiss-based InsurTech focused on health scoring and lifestyle navigation, has teamed up with bEHR Health Systems, which focuses on increasing health literacy among African Americans.

Novidea has announced a new senior vice president of product in a bid to drive the strategic direction of its market-leading insurance management platform.

The challenges surrounding periodic full inventory counts, whether conducted annually, semi-annually, or quarterly, present a significant obstacle for warehouses and distribution centres. These exercises often disrupt operations, prompting many companies to seek alternative methods like cyclical counting. However, this approach can prove labour-intensive and financially burdensome, preventing its widespread adoption within businesses. Scanbot SDK delves into the future of the space.

5Star Life Insurance Company (5Star Life) has added to its Board of Directors in a bid to grow its market presence.