Bupa partners with WTW to improve insurance pricing with analytics solutions
Key Signals in Insurance
Merger and Acquisition Mitsui Sumitomo Insurance acquires Transverse Insurance Group The insurance company plans to acquire Transverse Insurance Group LLC, a U.S.-based hybrid fronting carrier platform, from Virgo Investment Group. Transverse links producers and (re)insurers to underwrite domestic U.S. risks on an admitted or excess and surplus lines basis. Read More>> Argo Group sells Lloyd’s Syndicate The company has picked up the pace with the announcement that it has entered into a definitive agreement for the sale of Argo Underwriting Agency Limited and its Lloyd’s Syndicate 1200 to US-based Westfield Specialty for total cash proceeds of approximately USD 125 Mn. Read More>> Cravath, Willkie lead USD 3.4 Bn Texas Capital Insurance biz sale The company has agreed to sell its insurance premium finance unit to bank holding company Truist Financial Corp., in a transaction led by respective legal advisers Cravath Swaine & Moore LLP and Willkie Farr & Gallagher LLP. Read More>>Partnerships AFEUSA partners with MetLife to provide insurance for gig workers The Association for Entrepreneurship USA has partnered with MetLife. By partnering with MetLife, the association is working to eliminate the struggle many entrepreneurs face when attempting to source affordable insurance benefits, unlike employer-sponsored plans. Read More>> Allianz Life Insurance Lanka inks partnership with Cargills Bank Allianz inked a landmark partnership with Cargills Bank, the banking arm of the Cargills Group. Through this partnership, Allianz Life Insurance Lanka Ltd will provide Cargills Bank customers with convenient and comprehensive Decreasing Term Insurance (DTA) solutions. Read More>> Bupa partners with WTW to improve customer pricing outcomes The company has partnered with Willis Towers Watson (WTW) to access its Radar Live pricing platform for customers. The platform incorporates analytical and modeling methods to help create health insurance price premiums faster for individual customers. Read More>>Executive Movement Truist names Mike Maguire as the chief financial officer Truist announced that Mike Maguire is the new CFO effective Sept. 15. Maguire will lead Truist’s consumer finance and payments businesses, including LightStream, Service Finance, Sheffield Financial, Dealer Retail Services, and its student loan unit. Read More>> Aon names Jim De Pre Senior Managing Director Aon hired veteran Jim De Pre to lead the Strategy Accident & Health team in the US as Senior Managing Director. Before his tenure at Guy Carpenter, he served over 14 years at WTW as Executive Vice President, over three years as Risk Management Vice President at GE Financial Assurance, and 16 years as Underwriting Vice President at Reliance Standard Life. Read More>> Argo Group appoints Jessica Snyder as president of US insurance The company announced Jessica Snyder would serve as president of U.S. insurance. With almost 30 years of industry experience, Snyder joins Argo from GuideOne Insurance, where she most recently served as its president and the chief executive officer from 2017 through 2022. Read More>>Layoff Hippo Insurance is firing 10% of the workforce Hippo is the latest Israeli start-up nation firm to be forced to make cutbacks. The company just fired 10% of its workforce or seventy employees. The layoffs came on the last day of August, a month that saw many Israeli firms forced to make cutbacks, including some of the well-established ones. Read More>>
Latest Industry Insights from Draup Braindesk
Aviva focuses on core markets in the UK, Ireland, and Canada to expand growth opportunities, develop individual savings & retirement, workplace savings, protection & health, and general insurance and expand its digital capabilities for personalized offerings.
The company is eager to enrich the customer experience, build mobile-led expertise, and harness data to meet customer needs through improving digital customer journeys.
Aviva worked with InsurTechs and FinTechs to build customer propositions and focused on boosting digital direct and growth across commercial lines.
London, United Kingdom, and National Capital Region, India serve as vital locations, and it majorly focuses on IT Consulting and Software Testing – related engagements.
Application Development & Maintenance, Consulting & System Integration, and Infrastructure Management Services are the highly outsourced segments, holding approximately 78% of the total outsourcing headcount. TCS and Wipro are the major outsourcing partners for Aviva.
Company – Ledger Investing Total Funding – USD 90.76 Mn About: Ledger Investing enables insurers to create substantial value by securitizing insurance risk while providing investors with an opportunity to invest directly in a new and growing asset class. The timing reflects the intersection of recent and unprecedented trends. Read More>>
Latest Reports Published in Draup
Manulife Financial Corporation Account Intelligence Report
Manulife delivers digital and customer experience to access ePOS digital sales points that help to submit claims digitally. It focuses on providing wealth planning, flexible withdrawal options, and potential long-term benefits. Read More>>
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