CBIRC demands insurance company self-checks in management crackdown
The China Banking and Insurance Regulatory Commission (CBIRC) has called on online insurance firms to conduct self-assessments to identify violations and make corrections.
HSBC Insurance enters agreement to buy AXA Singapore for $575m
HSBC Insurance is set to acquire the Singaporean arm of global insurer AXA in a deal worth $575m.
Hippo to expand underwriting ability with two new InsurTech partnerships
US InsurTech Hippo has doubled its underwriting capacity after it entered an issuer carrier relationship with Ally Financial subsidiary and a partnership with Motors Insurance Corporation.
Gift City, India InsurTech link to boost FinTech in insurance sector
Indian international financial services centre Gift City and the India InsurTech Association (IIA) have partnered to strengthen FinTech use in the InsurTech market.
Brookfield reinsurance arm enters $5.1bn agreement to buy American National
Brookfield Asset Management’s reinsurance branch has agreed to acquire multi-product insurance company American National Group for $5.1bn in cash.
Novidea eyes expanded InsurTech footprint by joining ACORD program
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.
Employee InsurTech Onsurity bags $16m in Series A raise
Indian employee benefits platform Onsurity has raised $16m from a Series A funding round led by Quona Capital and Nexus Venture Partners.
MotoRefi extends Series B with extra $5m capital raise
Auto refinancing company MotoRefi has raised an additional $5m in its extended Series B funding round.
AXA unveils new digital claims offering for motor insurance customers
Insurance giant AXA has introduced STeP, a new digital claims solution to help customers simplify their motor insurance process.
South African InsurTech Ctrl rakes in $2.3m investment
Short-term insurance advice provider Ctrl has secured a $2.3m investment from business funder Naspers Foundry.
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