Zurich Insurance Group, one of the largest global insurance companies, and CoverWallet, the tech company that is the easiest way to understand, buy, and manage business insurance online, recently launched a platform for small and medium-enterprise (SME) insurance in Switzerland
Michigan ranks as the third-least-affordable state in the country for auto insurance, according to a new study from the Insurance Research Council (IRC). Michigan’s affordability index was 2.21 percent from 2013 through 2016, compared with 1.58 percent countrywide
Berkshire Hathaway Specialty Insurance Company (BHSI) announced recently that it has begun offering Transactional Liability Insurance through its Asia and Middle East (AME) regions and appointed Steven Harwood as the Head of Transactional Liability in AME
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, recently announced the acquisition of Phoenix, Arizona-based Lovitt & Touché, one of the state’s largest independent insurance agencies
Oklahoma Farm Bureau Insurance, the state’s largest domestic insurance provider, and Guidewire Software, Inc., provider of the industry platform Property and Casualty (P&C) insurers rely upon, recently announced that OKFB Insurance will leverage Guidewire InsuranceNow, a core component of Guidewire InsurancePlatform, delivered as a Software-as-a-Service (SaaS) solution via Guidewire Cloud
FAST, a leading software company for the insurance industry, announced today that AAA Life Insurance Company (“AAA Life”) has licensed FAST Insurance Components to serve as its core new business and policy administration system (PAS) for life insurance and annuities. “In our current environment, far too much of our spending on digital initiatives is allocated to retrofitting our legacy systems. AAA Life selected FAST because its technical architecture and robust out-of-the-box functionality can allow
Kroll Bond Rating Agency (KBRA) releases a research report on the rising risks of tornadoes. As the reporting of tornado events increases, KBRA believes the enhanced exposure to these severe weather events warrants greater implementation of tornado risk in companies’ cat models. In the report, KBRA notes the start of spring marks the beginning of peak season for tornadoes. The reminder came a little earlier than usual this year when a powerful tornado, which
The Hartford is enhancing its multinational capabilities with the launch of The Hartford Global Insurer Network, a directly-managed network of insurer partners backed by a new global technology platform
AAIS, the only national non-profit advisory organization, and eTech Services, Inc., a technology solutions provider focused exclusively on the insurance vertical, are partnering to deliver telematics-enabled solutions to AAIS Member insurance carriers for commercial auto insurance
Majesco, a global leader of cloud insurance software solutions for insurance business transformation, recently announced the release of a new thought leadership report, Building a Business Model for the Insurance Customer of the Future, based on its third annual survey of consumers who buy insurance.
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