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Sagicor launches online insurance portal, E-Life, to streamline insurance solutions

Key Signals in Insurance
Deal
Niva Bupa and Sundaram Finance ink deal to improve distribution
The deal will make Niva Bupa’s lineup of indemnity plans available to Sundaram Finance’s expanding clientele. Through its vast network of more than 640 locations nationwide, Sundaram Finance will connect with customers because of this partnership. Read More>>
Partnerships
CareFirst, Live Chair pilot program to increase healthcare access
The two companies are partnering to bring greater healthcare access to residents in Baltimore City and Prince Georges, Montgomery, and Baltimore counties. Seeking preventive care before experiencing a significant health event can reduce healthcare costs. Read More>>
Modern Life and Pacific Life combine services to boost sales
The partnership will see the combination of Pacific Life’s competitive suite of life insurance products and underwriting expertise with Modern Life’s technology and brokerage expertise. Read More>>
Centre Setup and Expansion
Keva and the City of Helsinki to continue developing the Maria area plan
The plan allows the construction of a new growth and technology company block of approximately 50,000 square meters of floor area. A significant start-up and growth company campus is planned for the former Maria hospital campus, and it will also feature services open to the city’s residents. Read More>>
Product Launch
Sagicor is now offering the purchase of insurance through its online portal E-Life
The people across St Vincent and the Grenadines can now join and live an easy life using its friendly portal that allows individuals to purchase life insurance solutions completely online and go through end-to-end formalities. Read More>>
Executive Movements
Swiss Re appoints Velina Peneva as Group Chief Investment Officer
She will succeed Guido Fürer following his retirement after 25 successful years at Swiss Re. With Velina Peneva, the company has found a capable internal candidate to lead the unit forward. Read More>>
Amerisafe announces the retirement of Director and Founder Millard Morris
His experience as the founder of the company and his long-term service as a director gave him a unique knowledge of the opportunities and challenges of the workers’ compensation insurance industry. Read More>>
Frank Dellaquila is joining the board at FM Global
The company has appointed Frank Dellaquila, Emerson’s senior Executive VP and CFO, to its board of directors. Dellaquila has a long professional career with responsibilities spanning capital markets, corporate investments, tax matters, and investor relations. Read More>>

Latest Industry Insights from Draup Braindesk
The following are the critical components of this study:
 
Assured Guaranty aims to offer credit protection products to international public finance and structured finance markets in the US. It administers collateralized loan obligations to allow funds and liquid strategy funds to build on corporate credit, asset-based finance, municipal, and healthcare expertise.

Insurance:
  1. Assured Guaranty supports bonds of the market’s major transactions and demonstrates increased institutional demand for Guaranty due to pricing stability and market liquidity. 
  2. New business production and GAAP accounting model implementation helped Assured Guaranty improve Insurance Segment capabilities.
Asset Management:
  1. Assured Guaranty’s Debt Service Reserve guarantee provides a cost-effective and competitive alternative to bank facilities for big UK water and sewerage corporations. 
  2. Green Transmission Project Revenue Bonds are due only from revenues earned from financed projects.
Service Opportunities:
  1. Greater New York City Area, United States, serves as the Key Location, focusing on IT Consulting, Data Engineering, and Cloud Computing related engagements. 
  2. Application Development & Maintenance is the highly outsourced segment and holds approximately 67% of the total outsourcing headcount. Marlabs Inc is the key strategic partner.

Startup Spotlight

Company – Bayzat
Total Funding – USD 53.6 Mn
About: Bayzat is a technology SaaS company that provides insurance, payroll, and human resources software solutions for businesses. Automating insurance, payroll, and HR management improves employee experiences. Bayzat now provides world-class employee experiences to 80,000+ workers. Read More>>

Latest Reports Published in Draup
L.A. Care Health Plan Account Intelligence Report
L.A. Care Health Plan aims to maintain regular positive outcomes using healthcare applications and strengthen their leadership team for developing pharmacy centers. Read More>>
AXA – Account Intelligence Report
AXA offers on-demand insurance, allowing customers to buy plans online or on phones with complete flexibility in price, coverage, and term lengths. Read More>>
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