Smart Communications expands Duck Creek integration to help insurers customize client experiences

Key Signals in Insurance

Tawuniya signs a health insurance contract with Saudi’s STC 
The Company for Cooperative Insurance (Tawuniya) received a firm order from Saudi Telecom Company (STC) to provide health insurance services for STC’s employees and their families. The value of the one-year contract exceeds 5% of the insurer’s gross written premiums as per the latest audited financial statements for the year 2021. Read More>>
Innoveo selected by Safety Insurance Group to transform commercial auto underwriting safety 
Innoveo’s platform will enable Safety Insurance Group to deliver real-time, automated data into the underwriting process while eliminating the need to access multiple systems. Read More>>
Zywave and Salesforce partner to unite insurance agency sales & service functions  
The partnership will further bring together the worlds of insurance agency sales and client service, creating more efficient, strategic workflows powered by data and content to deliver a seamless client experience. Read More>>
Smart Communications expands integration with Duck Creek
This Anywhere Enabled Integration (AEI), built by NTT DATA for Duck Creek Policy, allows personalized and compliant multi-channel, multi-language documents to be generated quickly — such as policy issuance, policy change, quotes, renewals, ID cards, statements, and bills — without having to leave the Duck Creek Platform. Read More>>
HUB International embeds auto insurance into Wayne Reaves Auto Dealer Management Software
VIU by HUB, a digital insurance brokerage platform, will embed its technology within the leading automotive software system to bring auto insurance coverage options directly to car buyers at point-of-purchase. Read More>>
Executive Movement
Lincoln Financial Group names Matt Condos Senior VP of Retirement Plan Services Product 
In this role, Condos will lead the strategic direction of the Product Solutions team for Lincoln’s Retirement Plan Services business, building on the team’s success in bringing an innovative suite of solutions to the marketplace. Read More>>
Grab appoints Suthen Thomas Paradatheth as Group Chief Technology Officer 
As Grab’s GCTO, Suthen will be responsible for driving Grab’s technology vision, strategy, and execution across its Deliveries, Mobility, and Financial Services businesses. He will expand Grab’s technological infrastructure to allow deeper superapp synergies and quicker product innovation for partners and users. Read More>>
Virgin Money appoints Sarah Wilkinson as Chief Operating Officer 
Sarah will join Virgin Money from Thomson Reuters, where she is the Chief Information Officer and Head of TR Labs, Thomson Reuters’ technology research and innovation centers worldwide. She has spent 23 years in financial services, during which she held CIO roles at Credit Suisse, UBS, Deutsche Bank, and Lehman Brothers. Read More>>
Financial and Market Activity
Prudential Zenith posts a 75% rise in profit after tax 
The results, which was approved by the board of directors of Prudential Zenith and the insurance industry regulator, the National Insurance Commission (NAICOM), show that Gross Written Premium (GWP) and Annualised Premium Equivalent (APE) grew year on year by 16.3 percent and 9.3 percent respectively. Read More>>

Latest Industry Insights from Draup Braindesk

Digital Transformation Enhancement
  • Voya Financial focuses on the retirement platform through focused sales and retention efforts and offers customers full-service institutional and investment plans.  
  • Voya Financial focuses on automated technology systems to record and process internal and consumer transactions by leveraging Artificial Intelligence, Cloud, Blockchain, and Internet of Things technologies.
Health Care Solutions
  • Voya focuses on providing a technology-enabled, interactive experience that helps employees think about the benefits contributions and savings as a total “benefits budget” while providing individuals with a personalized action plan. 
  • Voya is keen on conducting extensive research with employers and employees better to understand sentiments around the convergence of health and wealth. Service providers with rich expertise in Health Care Solutions would be the deal winners.

Startup Spotlight

Company – Loadsure
Total Funding – USD 12.36 Mn
About: Loadsure 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

Liberty Mutual Group Company Account Intelligence Report
Liberty Mutual Group focuses on strategic investments in the independent agent channel through the acquisition of State Auto Group to improve business growth. Read More>>
American International Group, Inc. (AIG) Account Intelligence Report
American International Group, Inc. focuses on developing insurance products and solutions to enhance its business portfolio, distribution network, and digital footprint. Read More>>
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