Edelweiss to offer paperless insurance registration to PhonePe’s vast customer base

Key Signals in Insurance

Manulife selects startups to digitize further, simplify the customer experience across Asia 
The three companies, Pulse Active Stations, OME Health, and Planner Bee, were chosen from more than 280 international startups based on their ability to address customer needs and make digital interactions more relevant and meaningful. Together with Brinc, Manulife tech leaders define proof of concept with the cohort and will conduct trials on selected solutions in the coming months. Read More>>
Ecclesiastical Insurance Group selects CoreLogic to support its global claims operations 
Ecclesiastical Insurance Group (EIG) will use CoreLogics digital claims platform to augment its property claims operations. EIG will be utilising the platform’s modules, Claims Connect, Desk Adjuster™, Video Connect™ and will leverage CoreLogic’s UK managed Schedule of Rates for damage estimating, to enhance the claims experience for its customers, claims teams and suppliers. Read More>>
TietoEVRY Oyj and OP Financial Group renewed their cooperation 
The agreement modernizes the partners’ long-term cooperation model and accommodates OP’s new ICT operating framework. The partnership model ensures the continuity of services and ongoing smooth cooperation with IT suppliers supporting the digitalization of OP’s business-critical processes. Read More>>
Bank of China Group Insurance engages Milliman and CoverGo to design and build new motor insurance products and platform 
BOCG Insurance has engaged Milliman to implement new rates for motor products through advanced actuarial and machine learning techniques. CoverGo was engaged in providing its award-winning insurance platform to build products faster with no-code, increase distribution through new digital portals, and improve policy & claims admin through automation. Read More>>
Assicurazioni Generali S p A joins forces with Accenture and Vodafone Business to launch innovative cyber insurance solutions for corporate and SME clients worldwide
The partnership aims to create a package of cyber insurance services that help corporates and SMEs clients quickly and effectively recognize, respond to and recover from cybersecurity threats and incidents. Read More>>
Edelweiss General Insurance and PhonePe to offer digital motor insurance 
EGI will reach out to PhonePe’s vast and growing network of customers and offer them simple, end-to-end digital solutions in the motor insurance segment. The company has a comprehensive omnichannel digital distribution platform, combining its owned digital platforms and marketplaces. Read More>>
Mergers and Acquisition 
AXA Investment Managers acquires USD 2 Bn industrial portfolio 
AXA Investment Managers Alternatives has acquired a 23-property portfolio of industrial assets from Dermody Properties Industrial Fund II for USD 1.2 Bn. The company is also under contract to acquire nine industrial properties under development by Dermody for USD 850 Mn upon completion in 2022 and 2023. Read More>>
Zurich Insurance to acquire a conversational AI company 
AlphaChat Zurich Insurance Group agreed to acquire Estonia-based company AlphaChat, which provides conversational artificial intelligence (AI) technology for customer service automation, to enhance the group’s digital capabilities. Read More>>
Executive Movement
Pravina Ladva Nomme named Group Chief Digital & Technology Officer at Swiss Re 
Pravina Ladva has been promoted to the Swiss Re group’s chief digital & technology officer. She will be in charge of all the responsibilities related to the technology of the Zurich reassurer. Read More>>
AIG names the new EVP, Global Head of ESG 
AIG appointed Constance Hunter as Executive VP, Global Head of Strategy & ESG. In early 2022 Hunter will report to President & Chief Executive Officer Peter Zaffino and join the AIGs executive leadership team. Read More>>

Latest Industry Insights from Draup Braindesk




Key Funding Alert

Indonesian insurtech startup Fuse gets USD 25 Mn Series-B extension 
Fuse plans to enter more countries, including Thailand and Vietnam in Southeast Asia, where the middle class is booming. The pandemic accelerated the digital transformation in the insurance industry, one of the most conservative sectors. Read More>>

Startup Spotlight

Company – Naked Insurance 
Total Funding – USD 15.8 Mn
About: Naked Insurance is the new generation: effortless, transparent, and sincere. It offers short-term retail insurance products. The company’s chatbot, Rose, collects information and gives consumers a final quote for cars, home contents, or single items in 90 seconds on the Naked app. Read More>>

Latest Reports Published in Draup

New York Life Insurance Account Intelligence Report: New York Life offers personal guidance, flexible options, convenient ways to pay, and a stable track record for customers. It invests in enterprise community loans and provides access to affordable housing for low-and moderate-income communities. Read More>>
Liberty Mutual Group Account Intelligence Report: Liberty Mutual Group focuses on increasing customer protection from cyber risk to receive a detailed analysis of the cyber security and the external threats to which they may be vulnerable. Read More>>

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