WTW launches new analytics platform to generate insights on climate, sustainability, and ESG risks for organizations

Key Signals in Insurance

Blue Cross and Blue Shield of Minnesota cuts 80 jobs 
To place the company in the best position to deliver on its strategic priorities, they have made the challenging but necessary step of reducing approximately 80 positions, most of which are in its operations division. Read More>>
Product Launch
WTW launches innovative ESG Clarified Platform
The Insurance company introduced ESG Clarified, an analytics platform generating new insights to help organizations better understand and address their climate, sustainability, and wider ESG risks and exposures. The rapidly evolving ESG landscape presents multiple challenges for organizations as they seek to communicate their ESG strategy and manage associated risks. Read More>>
Executive Movements
RLI CORP change in Directors or Principal Officers
RLI CORP’s Board of Directors appointed Paul B. Medini as a member of the Board. The Board has determined that Mr. Medini is an independent director under the applicable rules of the New York Stock Exchange. Read More>>
Globe Life Inc. has change in Directors or Principal Officers
On February 8, 2023, Gary L. Coleman and Larry M. Hutchison, Co-Chairmen of the Board of Directors of Globe Life Inc., each notified the Board of his intention to retire as Director and Co-Chairman of the Board and not stand for re-election. This change does not involve any disagreement with Globe Life’s operations, policies, or practices. Read More>>
Financial and Market Activity
Tokio Marines international business reports 43% growth in net premiums in Q3 
Tokio Marines reported a profit of JPY 187.3 Bn (USD 1.39 Bn) for the third quarter of the 2022 fiscal year, representing a slight increase in profit from last year’s JPY 186.6 Bn (USD 1.39 Bn). While profit was strong across most of its international entities in Asia & Oceania, the firm did report a decline of JPY 60.1 Bn (USD 448.6 Mn), compared to a profit of JPY 21.7 Bn (USD 161.9 Mn) from the same period last year. Read More>>
General Insurance Corporation of India Q3 FY23 consolidated net profit at INR 1232.25 Cr (USD 149 Mn) 
The company has reported Consolidated financial results for the period ended December 31, 2022. The company has posted a net profit / (loss) of USD 149 Mn for the period ended December 31, 2022, as against a net profit / (loss) of INR 141.80 Cr (USD 17.1 Mn) for the period ended December 31, 2021. Read More>>

Latest Industry Insights from Draup Braindesk

Insurance Market Analysis
  • Insurance companies focus on the technologies like AI, IoT, blockchain, and the cloud to enhance insurance operations. 
  • Insurance companies intend to focus on insurance offerings, insurance plans, life and health insurance options, and life insurance products. 
  • Advanced analytics, blockchain, digital transformation, AI, and automation are opportunities for Insurance.

Startup Spotlight

Company – Glow
Total Funding – USD 27 Mn
About: Glow is an insurance company that uses an intelligent platform to integrate workers’ compensation and health insurance, regardless of whether they are injured, by providing coverage for medical procedures, disability, and death events. Read More>>

Latest Reports Published in Draup

GEICO Account Intelligence Report
GEICO develops medical malpractice insurance to cover healthcare professionals against claims of injury and medical negligence carried by medical professionals. Its app understands natural language voice commands and completes needed tasks for the user. Read More>>
The Travelers Companies Inc. Account Intelligence Report 
The Travelers Companies focuses on improving the data ecosystem, mental health apps, telematics offerings, and auto insurance mobile apps. It focuses on expanding its telematics auto insurance offerings through the launch of IntelliDrivePlus. Read More>>
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