Category Archives: Insurance

Insurance Press Releases & News distributed via EuropaWire

Allianz Trade Highlights Need for Risk Management in Light of Forecasted Increase in Global Insolvencies

(IN BRIEF) Allianz Trade, the world’s leading trade credit insurer, has released its Global Insolvency Report, predicting a +21% increase in global insolvencies in 2023 and a further +4% rise in 2024. The report warns that prolonged pressure on profitability, … Read the full press release

Zurich Insurance Group announces successful AGM with full Board re-election

(IN BRIEF) Zurich Insurance Group’s shareholders have confirmed Michel M. Liès as Chairman of the Board of Directors at the Annual General Meeting. All the other current Board members have also been elected. The Board comprises 12 members, with equal … Read the full press release

Allianz Trade partners with Singapore-based Bueno.money for B2B e-commerce venture

(IN BRIEF) Allianz Trade has entered into the B2B e-commerce space with Bueno.money, a Singapore-based Buy-Now-Pay-Later (BNPL) player, through its credit solution E-commerce Credit Insurance. This allows Bueno.money to offer a deferred payment solution to e-merchants in real-time with credit … Read the full press release

Aegon to Focus on Core Activities, Sells UK Protection Book to Royal London

(IN BRIEF) Aegon UK has sold its individual protection book to Royal London as part of its strategy to focus on core Retail and Workplace platform activities in the UK. The portfolio of life, critical illness, and income protection policies … Read the full press release

Societe Generale doubles start-up participants in sustainability-focused incubator programme

(IN BRIEF) Societe Generale’s Global Markets Incubator has welcomed 11 sustainability-focused start-ups to its program, selected from over 140 applicants addressing the finance industry’s ESG concerns, including carbon emissions quantification, impact tracking and measurement, and biodiversity. Participants in the six-month … Read the full press release

Aviva insures £400m in pension liabilities for DB (UK) Pension Scheme

(IN BRIEF) Aviva has completed a £400 million bulk purchase annuity buy-in transaction with the trustees of the DB (UK) Pension Scheme, which will insure the defined benefit pension liabilities for almost 1,300 members, removing the investment and longevity risk … Read the full press release

Iberdrola and MAPFRE add 150 MW photovoltaic capacity to joint investment in renewable energies

(IN BRIEF) Iberdrola and MAPFRE have increased their strategic alliance in the energy sector in Spain by adding 150 new photovoltaic megawatts (MW) to Energías Renovables Ibermap, bringing the total to 445 MW. This includes 295 MW of wind power … Read the full press release

Majority of Advisers Expect Significant Changes to Processes for Compliance with Consumer Duty, Says Aviva

(IN BRIEF) A new survey by Aviva has found that over 80% of advisers in the UK believe that the upcoming Consumer Duty regulation feels like a rebranded version of TCF (Treating Customers Fairly). However, the Consumer Duty ranks low … Read the full press release

Aviva Reports 98.3% Claims Paid Rate in Individual Protection Policies

(IN BRIEF) Aviva has paid out more than £1bn ($1.39bn) across life insurance, critical illness, income protection, and other individual protection policies, exceeding £2.9m being paid out every single day in 2022. The claims paid rate of 98.3% across all … Read the full press release

Eurex introduces Bitcoin index futures in partnership with FTSE Russell

(IN BRIEF) Eurex, the leading European derivatives exchange, has announced that it will launch Bitcoin index futures on April 17, 2023. Developed in partnership with FTSE Russell and Digital Asset Research, the new FTSE Bitcoin Index Futures contract aims to … Read the full press release

Aviva leads the way in meeting new Living Pension savings target

(IN BRIEF) The Living Wage Foundation has introduced the Living Pension, a voluntary pension savings target for employers who have achieved Living Wage accreditation. Aviva is among the first UK employers to be awarded the Living Pension accreditation. The pension … Read the full press release

Prudence Foundation launches web-based game to teach kids financial literacy

(IN BRIEF) The Prudence Foundation has launched a new web-based learning game to promote financial literacy among 7-12 year-olds. The Cha-Ching Money Adventures game was created in partnership with the US-based not-for-profit education and health organisation Education Development Center and … Read the full press release

Experian’s digital employment and income verification service now covers 77% of UK employees

(IN BRIEF) Experian has partnered with The Access Group to allow UK employees who use Access Group’s payroll software to digitally share their payroll information through Experian’s Work Report™, the UK’s first digital employment and income verification service. This allows … Read the full press release

Accenture to bolster finance and risk management capabilities with Optimind acquisition

(IN BRIEF) Accenture has announced plans to acquire Optimind, a Paris-based consulting firm that specializes in offering advisory services and solutions for the insurance and banking industries. Optimind provides consulting services to help its clients overcome major challenges in areas … Read the full press release

Experian to collaborate with Nottingham University Hospitals NHS Trust to offer financial support to employees

(IN BRIEF) Experian is partnering with Nottingham University Hospitals (NUH) NHS Trust to offer financial support to NUH employees. The initiative will include two “Money Clinics” that will provide guidance and support for the Trust’s 18,000 members of staff on … Read the full press release

Experian partners with Credit Strategy to host 7th annual Credit Awareness Week

  (IN BRIEF) Experian has teamed up with Credit Strategy to launch Credit Awareness Week for the seventh consecutive year, aiming to help people better understand how credit information works, and address misconceptions around credit scores and reports. This year, … Read the full press release

Allianz streamlines commercial insurance with new integrated approach

(IN BRIEF) Allianz Group has announced that it will establish an integrated approach to serve the global commercial insurance sector under the name Allianz Commercial. The new approach will bring together the Allianz Global Corporate & Specialty (AGCS) business that … Read the full press release

Aviva and Stories partner to invest in UK real estate for community facilities and affordable housing

(IN BRIEF) Insurance company Aviva has partnered with property developer Stories to invest £100m in UK real estate and infrastructure projects. The venture will mark the first funding commitment from Aviva Capital Partners, Aviva’s new in-house capital unit which develops … Read the full press release

SEB Venture Capital investe in insurtech Hedvig nel round di finanziamento Adelis Equity

(NOTIZIA IN BREVE) La banca svedese SEB ha annunciato una partnership strategica con Hedvig, una società nordica di insurtech, che fornisce assicurazioni sulla proprietà a privati. Nell’ambito della partnership, SEB Venture Capital effettuerà un investimento strategico in Hedvig. La società … Read the full press release

SEB Venture Capital invests in insurtech Hedvig in Adelis Equity financing round

(IN BRIEF) Swedish bank SEB has announced a strategic partnership with Hedvig, a Nordic insurtech company, which provides property insurance to private individuals. As part of the partnership, SEB Venture Capital will make a strategic investment in Hedvig. The company … Read the full press release