Munich Re acquires Appinity to drive insurance value chain digitalization

Key Signals in Insurance

Centre setup and expansion
New Mutual of Omaha Tower slated to become Nebraska’s tallest building 
The new corporate headquarters will rise to 677 feet, which is 43 feet taller than the First National Bank building. The building will also outmatch the buildings in surrounding states, including Iowa, Missouri, Kansas, South Dakota, and Wyoming. Read More>>
Merger and acquisition
Arthur J. Gallagher & Co. signs an agreement to acquire M&T Insurance Agency, Inc. 
In connection with the transaction, Arthur J. Gallagher will become the preferred insurance broking partner of M&T Bank. The transaction is subject to regulatory approval and is expected to close during the fourth quarter of 2022. Read More>>
Munich Re buys API-focused insurtech 
Munich Re acquired apinity GmbH, which supplies application programming interface solutions as Software as a Service for the insurance industry’s entire ecosystem. It will employ all current personnel and maintain existing business relationships and the technology platform, including all established third-party services. Read More>>
AXA Financial Indonesia markets AXA Good Health through the digital channel 
AXA Financial Indonesia and Good Doctor Technology Indonesia launched AXA Good Health Insurance. Strengthening and expanding partnerships, AXA Financial Indonesia and Good Doctor Technology Indonesia continue innovating comprehensive health insurance products and solutions with customer teleconsultation services. Read More>>
Swiss Re and Indonesia Re link arms to enhance digital accessibility 
Swiss Re partners with Indonesia Re to provide members access to its analytics solutions and risk consulting services. The partnership involves the development of a market dashboard for BPPDAN to offer its members premium and claims insights at a market and company level. Read More>>
Executive Movement
Lloyds Re/Insurer MS Amlin Underwriting Ltd. promotes Carrier to CEO 
The company appointed Andrew Carrier as chief executive officer. Before his role at MS AUL, Carrier spent six years at Everest Re, responsible for the firm’s London Market, Continental Europe, and Asia Pacific reinsurance operations. Read More>>
Manulife names ex-AXA exec as new PHL CEO 
Manulife appointed Rahul Hora as President and CEO of Manulife Philippines, effective October 3. With his Philippine posting, Hora becomes Manulife’s Global Leadership Team member, reporting directly to Manulife Emerging Markets General Manager Sachin N. Shah. Read More>>
Yong Suk Kwon promoted to Head of Swiss Re’s Korea branch 
Swiss Re promoted Yong Suk Kwon to the Head of its Korea branch. The current Head, Jonas von Oldenskild, is set to leave the company after sixteen years with the organization to pursue new career opportunities. Read More>>

Latest Industry Insights from Draup Braindesk

Insurance expansion
  1. LVM Versicherung is expanding the fund range for pensions using newly launched EFTs, iShares MSCI EM SRI UCITS, and Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS reflect the performance of indices compiled from a sustainability perspective. 
  2. The company provides premium refunds for private health insurance customers who do not receive any money back and motivates cost-conscious customers. 
  3. LVM Versicherung intends to expand occupational disability insurance for civil servants on revocation and probation under LVM-BU-RentePlus. 
  4. LVM Versicherung aims to target sustainability action as a part of corporate strategy by reducing CO2 emission of the entire investment portfolio to net zero.
Uniform IT System
  1. LVM Versicherung intends to develop uniform IT systems, modernize core insurance applications, and build a new application landscape in the future architecture with standard software components. Service providers with rich expertise in these segments would find a better opportunity to serve LVM Versicherung.

Startup Spotlight

Company – Loadsure
Total Funding – USD 12.36 Mn
About: Loadsure is a spot freight cargo insurance company. It offers a fully automated, end-to-end digital process for purchasing freight insurance with a one-click insurance integration to load board, freight marketplace, and transportation management system platforms in the US. Read More>>

Latest Reports Published in Draup

LVM Versicherung Account Intelligence Report 
LVM leverages premium refunds for private health insurance policyholders and motivates cost-conscious, healthy customers to remain loyal. It modernizes core insurance applications by building a new application landscape with future architecture and standard software components. Read More>>
Kotak Securities Account Intelligence Report 
Kotak Securities develops services ranging from motor, health, personal accident, and home insurance in retail and products for retail and institutional investors. Nelito Systems is the major partner for Kotak Securities. Read More>>
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