Pacific Life Re and Kakao Pay partner to transform South Korea’s life insurance market
Pacific Life Re, a global reinsurance provider, has partnered with Kakao Pay to deliver digital life insurance solutions to consumers in South Korea.
Hub International acquires Western Growers Insurance Services to expand agribusiness insurance offerings
Hub International Limited (Hub) has acquired Western Growers Insurance Services (WGIS) to strengthen its service offerings in the agribusiness sector.
Next Insurance secures $265m in funding to enhance small business insurance offerings
Next Insurance, a US-based InsurTech firm, has partnered with insurance giants Allstate and Allianz which includes a $265m strategic investment from both Allstate and Allianz X, the venture arm of Allianz.
Why insurers are turning their back on transparent pricing
Insurers face increasing pressure for transparent pricing, with calls for clarity and justification of premiums coming from management, agents, and customers alike. Transparency offers assurance and supports regulatory compliance. However, many insurers are now shifting towards data-driven pricing models that emphasise performance, customisation, and profitability over traditional transparency. Dynamic insurance pricing software provider Quantee explores the key reasons behind this evolving approach.
Swiss Re sells iptiQ’s European P&C arm to Allianz Direct as part of strategic...
Swiss Re, a global reinsurance leader based in Switzerland, has announced the sale of its iptiQ European P&C business to Allianz Direct, the pan-European digital insurer of Allianz Group.
Addresscloud and SchemeServe team up to advance data-driven decision-making for insurers
SchemeServe, a UK-based cloud provider of insurance software, has announced a new data partnership with Addresscloud to improve insurers’ capacity to deliver more accurate, data-backed premiums for individual properties.
Stere and EPIC Insurance Brokers partner to deliver embedded digital insurance for small businesses
Stere, Inc., a leading InsurTech platform, and EPIC Insurance Brokers & Consultants (EPIC) have partnered to transform the insurance experience for small businesses by offering a streamlined, digital insurance solution.
US InsurTech funding doubled in Q3 with California-based companies closing quarter of all deals
Key US InsurTech investment stats in Q3 2024:
US InsurTech funding doubled in Q3 YoY
California continues to dominate the US InsurTech space after...
Lloyd’s appoints Nathan Adams as Chief People Officer
Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has announced the appointment of Nathan Adams as its new chief people officer.
Akur8 and CAS advance actuarial science with groundbreaking lasso credibility monograph
The Casualty Actuarial Society (CAS) has recently published an insightful new monograph entitled "Penalized Regression and Lasso Credibility."
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