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Insurtech startup Bestow secures more funding Insurtech firm Bestow has raised $15m in Series A funding led by Valar Ventures, bringing its total financing to over $18m. Life Insurance & Pensions > News
EY, Guardtime and industry participants launch marine insurance blockchain platform EY, Guardtime, A.P. Møller-Maersk, Microsoft and insurance industry leaders Willis Towers Watson, XL Catlin, MS Amlin and ACORD are using Insurwave blockchain platform to support marine hull insurance.
Technology > Technology in Insurance > News Mitsui Sumitomo to buy 37.5% stake in BoComm Life from Commonwealth Bank By IBR Staff Writer
Mitsui Sumitomo Insurance (MSI) has agreed to acquire 37.5% stake in Chinese insurance company BoComm Life Insurance from Commonwealth Bank’s subsidiary Colonial Mutual Life Assurance Society (CMLA) for RMB3.2bn ($668m).
Life Insurance & Pensions > News Next Insurance becomes licensed insurance carrier Small business insurer Next Insurance has now become a licensed insurance carrier, offering tailored, digital insurance to small businesses.
General Insurance > Commercial lines > News
Allstate pioneers use of AI with their first Amelia deployment Allstate Insurance is using IPsoft’s Amelia tool to support call center teams countrywide.
Technology > Technology in Insurance > News Insurtech startup Bestow secures more funding By IBR Staff Writer
Insurtech firm Bestow has raised $15m in Series A funding led by Valar Ventures, bringing its total financing to over $18m.
Life Insurance & Pensions > News NSM Insurance’s UK arm Vantage acquires Fresh Insurance Services NSM Insurance Group’s UK arm, Vantage Holdings, has acquired Fresh Insurance Services Group, an insurance broker based in Redditch, West Midlands that specializes in non-standard personal lines products, motor trade, van, and travel insurance.
Intermediaries > Brokerage > News

Latest News and Insight by Sector

General Insurance

Next Insurance becomes licensed insurance carrier
Small business insurer Next Insurance has now become a licensed insurance carrier, offering tailored, digital insurance to small businesses.
General Insurance > Commercial lines > News
Endsleigh goes live with SSP’s core broking solution
By IBR Staff Writer
UK-based insurance provider for students Endsleigh has gone live with SSP’s core broking solution.
General Insurance > Personal Lines > News

Life Insurance And Pensions

Mitsui Sumitomo to buy 37.5% stake in BoComm Life from Commonwealth Bank
By IBR Staff Writer
Mitsui Sumitomo Insurance (MSI) has agreed to acquire 37.5% stake in Chinese insurance company BoComm Life Insurance from Commonwealth Bank’s subsidiary Colonial Mutual Life Assurance Society (CMLA) for RMB3.2bn ($668m).
Life Insurance & Pensions > News
Allstate pioneers use of AI with their first Amelia deployment
Allstate Insurance is using IPsoft’s Amelia tool to support call center teams countrywide.
Technology > Technology in Insurance > News

Intermediaries

NSM Insurance’s UK arm Vantage acquires Fresh Insurance Services
NSM Insurance Group’s UK arm, Vantage Holdings, has acquired Fresh Insurance Services Group, an insurance broker based in Redditch, West Midlands that specializes in non-standard personal lines products, motor trade, van, and travel insurance.
Intermediaries > Brokerage > News
Endeavour Insurance to merge with SSL
By IBR Staff Writer
Endeavour Insurance Services has agreed to merge with fellow Lloyd’s and independent specialist marine broker SSL Insurance Group.
Intermediaries > Brokerage > News

Reinsurance

Mitsui Sumitomo to buy 37.5% stake in BoComm Life from Commonwealth Bank
By IBR Staff Writer
Mitsui Sumitomo Insurance (MSI) has agreed to acquire 37.5% stake in Chinese insurance company BoComm Life Insurance from Commonwealth Bank’s subsidiary Colonial Mutual Life Assurance Society (CMLA) for RMB3.2bn ($668m).
Life Insurance & Pensions > News
Allstate pioneers use of AI with their first Amelia deployment
Allstate Insurance is using IPsoft’s Amelia tool to support call center teams countrywide.
Technology > Technology in Insurance > News

Technology

EY, Guardtime and industry participants launch marine insurance blockchain platform
EY, Guardtime, A.P. Møller-Maersk, Microsoft and insurance industry leaders Willis Towers Watson, XL Catlin, MS Amlin and ACORD are using Insurwave blockchain platform to support marine hull insurance.
Technology > Technology in Insurance > News
Allstate pioneers use of AI with their first Amelia deployment
Allstate Insurance is using IPsoft’s Amelia tool to support call center teams countrywide.
Technology > Technology in Insurance > News

Regulatory & Risk

EY, Guardtime and industry participants launch marine insurance blockchain platform
EY, Guardtime, A.P. Møller-Maersk, Microsoft and insurance industry leaders Willis Towers Watson, XL Catlin, MS Amlin and ACORD are using Insurwave blockchain platform to support marine hull insurance.
Technology > Technology in Insurance > News
Allstate pioneers use of AI with their first Amelia deployment
Allstate Insurance is using IPsoft’s Amelia tool to support call center teams countrywide.
Technology > Technology in Insurance > News