Zywave’s acquisition of SIS strengthens its position in the digital insurance agency platform space

Key Signals in Insurance

Virgin Money signs a confirmation of the payee deal with SurePay
SurePay, the leading confirmation of payee provider, announced that it supported Virgin Money with the implementation of its UK Confirmation of Payee solution to protect consumers against fraud and misdirected online payments. Read More>>
Mergers and Acquisitions
Aon agrees to sell eDiscovery practice to TCDI
The company has agreed to sell its eDiscovery practice to TCDI, a leading provider of legal services, software, and cybersecurity. The acquisition will strengthen and expand TCDI’s eDiscovery capabilities and geographic reach into the UK. The transaction is expected to close within the next 30 days. Read More>>
Brown & Brown acquires finance and insurance provider to auto, powersport dealers in New York state
Andre Courchaine, owner of Dealer Specialties, and the firm’s operations have become part of Brown & Brown Dealer Services under the leadership of Mike Neal. Andy’s impressive industry knowledge and strong work ethic have enabled him to create and maintain long-standing relationships with quality dealer customers. Read More>>
Zywave bolsters digital insurance mission with SIS take-over
The insurtech company has acquired Ohio-based Strategic Insurance Software, a provider of web-based agency management systems and customer relationship management solutions for property & casualty insurance agencies. Read More>>
Leading Insurer QBE teams up with CyberCube for a wide range of cyber solutions and services
The company world’s leading international (re)insurers, QBE, understands the growing significance of the cyber risk. The company has selected CyberCube to partner with to enhance its cyber capabilities further. Direct access to our in-house cyber experts will assist in the growth and development of QBE’s global underwriting team. Read More>>
LenderDock Inc. partners with Hippo Insurance
The companies announced a new partnership that advances the goal of an all-digital lienholder process automation solution by fully digitizing lienholder verifications and mortgagee correction requests. Hippo has concerted effort to improve the customer experience and mitigate friction in providing payment information for escrow billing. Read More>>
Executive Movement
Chubb announces executive changes
The company named Suresh Krishnan, the CEO of the insurer’s third-party administrator, ESIS Inc. Krishnan, who has been New York-based, most recently served as head of North America accident and health and will report to Jim Shevlin. Read More>>
Amica names Edmund Shallcross III next Chief Executive Officer and President
The insurance company announced that Edmund Shallcross III had been named the company’s next CEO and President. Before joining Amica, Shallcross spent 12 years at KPMG’s P&C Insurance Practice, where Amica was one of his clients. Read More>>
SCOR reveals new Reinsurance CEO
Stuart McMurdo, who has been with SCOR since April 2018, will replace Blanc and work closely with him to ensure a smooth transition and relationship continuity with SCORs business partners. McMurdo joined SCOR in 2018 as the CEO of SCOR UK and the SCOR Syndicate. Read More>>
Financial and Market Activity
Metromile announces its first quarter results
The company announced financial results for the first quarter of 2022 on its website. With data science as its foundation, Metromile offers real-time, personalized auto insurance policies by the mile instead of the industry’s reliance on approximations that have historically made prices unfair. Read More>>

Latest Industry Insights from Draup Braindesk

  1. AXA focuses on expanding new travel insurance products’ protection against medical, cancellation, and baggage cover; customers can claim cancellation and medical costs.  
  2. AXA focuses on enhancing the claim handling system as a part of digitalization to improve its offerings for partners and customers through AXA Partners UK and Ireland. 
  3. Paris Area, France, serves as the key location focusing on Data Centre Management, Internet of Things, Business Intelligence & Analytics, Legacy Modernization, System Integration, and Cybersecurity-related engagements.  
  4. Application Development and Maintenance is the highly outsourced segment and holds approximately 40% of the total outsourcing headcount. Capgemini is the key strategic outsourcing partner for AXA. 

Startup Spotlight

Company – TheGuarantors
Total Funding – USD 76.72 Mn
About: TheGuarantors offers innovative risk and financial solutions for the real estate ecosystem. While Guaranti solves for risk on the multifamily side, Securiti is bringing office landlords and tenants closer by making the security package cheaper and easier to buy. Read More>>

Latest Reports Published in Draup

CullenFrost Bankers, Inc Account Intelligence Report: Cullen/Frost Bank’s commercial real estate revenue in FY 2020 increased 11.4% from FY 2019 due to foreign loans, maturities, and sensitive loans to changes in interest rates. It develops customer experience by partnering with digital service providers and enhancing banking technology. Read More>>
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