Genasys to help Simplyhealth achieve digital transformation to conduct policy administration and claims
Key Signals in Insurance
Deal Aon finalizes USD 25 Mn intellectual property finance deal with CHASM The insurance company has agreed with Massachusetts-based advanced materials company CHASM Advanced Materials, Inc. The deal involved Aon’s Intellectual Property Solutions team combining its proprietary IP valuation tools and a collateral protection insurance policy. Read More>> World’s first legally bound CatXoL reinsurance contract on DLT successfully placed by Allianz and Swiss Re The two companies have successfully placed the world’s first legally binding reinsurance contract on distributed ledger technology (DLT), enabled by B3is live production network. The respective process was completed by digitally signing the contract at the beginning of 2022. Read More>>Partnerships Generali forms a bancassurance partnership with an online bank The collaboration presents a digitally engaged journey that combines the convenience and accessibility of the ZA Bank app and the professionalism and human touch of an appointed insurance advisor from Generali Hong Kong. Read More>> Simplyhealth partners with Genasys Under the multi-year tie-up, more than a million health plans will be migrated from Simplyhealth’s current insurance system onto a single platform that features modularised end-to-end policy administration and claims solutions. Read More>>Executive Movement Art LeGar joins Alliant Insurance Services employee benefits group The company hired Art LeGar as VP within its Employee Benefits Group, further solidifying its strength in the large employer marketplace. Based in Baltimore, LeGar will focus on assisting employers in the large market across various industries and addressing their employee benefits challenges. Read More>> Andrew Doran takes Chief Underwriter role at Pacific Life Re Pacific Life Re appointed Andrew Doran as Chief Underwriter, taking over from Warren Copp, who is retiring at the end of 2022. Doran has almost 20 years of experience in the life and health insurance industry across the UK and Asia markets. Read More>> Religare Broking Ltd appoints Siddarth Bhamre as Research Head One of the leading securities firms in India appointed Siddarth Bhamre as Research Head with effect. Religare Broking has three decades of experience in stock markets and other investment products and offers a discount and complete broking services. Read More>>Financial and Market Activity Axis Bank Q4 net profit seen up 51.2% YoY to Rs. 4,047.6 cr The company has come out with its fourth-quarter earnings estimates for the banking sector. The brokerage house expects Axis Bank to report a net profit of Rs. 4,047.6 crore up 51.2% year-on-year. Net Interest Income (NII) is expected to increase by 23.3 percent Y-o-Y (up 7.6 percent Q-o-Q) to Rs. 9,312.1 crore. Read More>> UnitedHealth (UNH) to post Q1 earnings Before the opening bell, the company is set to report first-quarter 2022 results. An increased number of people served in UnitedHealthcare, and solid contributions from the Optum sub-segments aided the results. UnitedHealth beat the consensus estimate for earnings in each of the prior four quarters, with the average being 8.4%. Read More>>
Latest Industry Insights from Draup Braindesk
Key Funding Alert
MetLife Investment Management closes USD 1.6 Bn MIM private equity partners fund through innovative managed transaction
MIM syndicated a portion of the transaction to other unaffiliated institutional clients. It MIM intends to deploy approximately USD 400 Mn on behalf of the fund on new private equity opportunities. Read More>>
Startup Spotlight
Company – Seyna Total Funding – USD 53.1 Mn About: Seyna provides brokers with an insurance creation, management, and distribution platform to protect their customers. Seyna offers a technical platform and underwriting services to launch new insurance products and manage the contracts quickly. Read More>>
Latest Reports Published in Draup
Sentry Insurance Account Intelligence Report: Sentry Insurance offers life insurance, auto insurance, property insurance, and claim services to customers. It provides a risk tool to identify risks across safety culture, auto risk, building and inventory risks, service practices, and premises observations. Read More>>
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