SunLife and Swiss Re’s over-50 life insurance offers customer-focused features and faster claims processing

Key Signals in Insurance

Centre Setup and Expansion
Sentry Insurance opening office in El Paso, seeking to fill 30 positions
The company is expected to begin operations in northwest El Paso early next year. It is looking for customer service operators whose salary starts at USD 17.50 an hour and USD 18.50 an hour for bilingual candidates. Read More>>
Product Launch
SunLife and Swiss Re’s iptiQ launch Digital “over 50s” life insurance solution in the UK
The new solution runs on an end-to-end digital platform and accelerates claims processing with customer-focused features. The Guaranteed Inheritance Plan is designed to assure an inheritance for customers’ loved ones. Read More>>
Executive Movements
Alliant Insurance names trio of Vice Presidents across three states
Kristen Gunter has joined the company as senior vice president within the Alliant Employee Benefits group in Los Angeles, while Buddy Franson and Aran Buchan are Alliant’s new vice presidents in Iowa and Seattle, respectively. Read More>>
SCOR appoints former Swiss Re executive, Mr. Thierry Lger, as the new CEO
He will help the company further consolidate its position as a leading global reinsurer. He will be responsible for drawing up a new strategic plan for the company and will outline the plan. Read More>>
Crum & Forster A&H taps new marketing SVP
The company promoted Hallie Harenski to senior vice president of marketing and corporate communications. In her new role, Harenski will continue to lead the company’s communications team and oversee marketing and branding, social and digital media, graphic design, public relations, event management, sponsorships, and internal and external communications. Read More>>
Financial and Market Activity
Nippon Life India AMC net up 18% at USD 25 Mn
The company’s profit after tax rose 18% to USD 25 Mn in the December quarter against USD 21 Mn in the same period last year. Revenue from operations increased to USD 43 Mn during the quarter from USD 41 Mn in the same period last year. Read More>>

Latest Industry Insights from Draup Braindesk

Enhanced Health and Insurance Solution
  • Prudential plc intends to enhance health and financial inclusion for communities across Asia and Africa by accelerating digital transformation and making protection, health, and savings solutions simpler and more accessible. 
  • Prudential plc promotes diversity and gender equality to empower female employees, treat all women and men fairly at work, and provide career advancement education and training. 
  • Prudential plc focuses on broadening the concept of family for life insurers by identifying a more diverse set of family needs and meeting them through product innovation.
Advanced Digital Solution
  • Prudential plc aims to develop Pulse, anAI–powered mobile app designed to bring holistic health and wealth solutions to Prudential’s customers and the communities that expand health and wealth offerings. 
  • Prudential plc intends to bring better health to communities by enhancing video-based technology that allows people to measure vital signs and oxygen saturation levels by scanning faces with mobile phones. 
  • Prudential plc aims to develop digital financial products and services by leveraging technology to reach the digitally savvy population and make healthcare and financial security more accessible to more people.
Service Opportunity Areas
  • National Capital Region, Philippines, serves as the key Hotspot focusing on Cybersecurity, Software Testing, Application Development & Maintenance, and Robotic Process Automation related engagements. 
  • Application Development & Maintenance is the highly outsourced segment, and TCS is the key strategic outsourcing partner for Prudential plc.

Key Funding Alert

Nippon Life commits additional USD 1 Bn investment to Resolution Life following the Blackstone deal
Resolution Life and Blackstone plan to raise USD 3 Bn in new equity capital for Resolution Life, including this USD 1 Bn investment from Nippon Life and a USD 500 Mn strategic investment from Blackstone, bringing the company’s equity capital base to USD 8 Bn. Read More>>

Startup Spotlight

Company – Laka
Total Funding – USD 22.89 Mn
About: Laka is building the leading green mobility insurer globally. Laka’s collective cover is made especially for cyclists, for life on and off their bike. Read More>>

Latest Reports Published in Draup

Assicurazioni Generali SpA Account Intelligence Report
Assicurazioni Generali SpA aims to become a top-tier general insurer in Malaysia as part of its strategy to lead in high-potential markets. Read More>>
Brighthouse Financial Account Intelligence Report
Brighthouse Financial, Inc. intends to develop a term life insurance product with a quick and easy purchase process and guaranteed level premiums to simplify financial planning. Read More>>
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