Tag Archives: insurance

Daimler Truck Financial Services Launches Comprehensive Support for eActros 600 and Electric Fleet Transition

(IN BRIEF) Daimler Truck Financial Services (DTFS) has introduced integrated service packages for the Mercedes-Benz eActros 600 at the 2024 IAA in Hanover, aimed at making the switch to electric transport easier for customers. These packages include flexible financing, leasing, … Read the full press release

Chubb Enhances Resilience Services with New Leadership Appointment

(IN BRIEF) Chubb has appointed Amelie Fava-Verde as Senior Vice President of North America Chubb Resilience Services, a new role focused on enhancing the company’s risk engineering and resilience capabilities. With over 20 years of experience in environmental risk and … Read the full press release

Prudential Partners with Google Cloud to Launch AI Lab, Pioneering the Future of Insurance and Healthcare in Asia and Africa

(IN BRIEF) Prudential and Google Cloud have partnered to launch an AI Lab in Singapore, focused on developing AI-driven solutions to enhance customer experiences, improve healthcare access, and optimize operations in the insurance sector. The Lab will empower Prudential’s 15,000 … Read the full press release

ABN AMRO’s Neuflize OBC Enters Exclusive Talks with BNP Paribas Cardif for Strategic Insurance Partnership

(IN BRIEF) ABN AMRO’s French private bank branch, Neuflize OBC, has initiated exclusive negotiations with BNP Paribas Cardif to forge a strategic partnership in life insurance in France. This collaboration involves the sale of Neuflize Vie, a joint venture between … Read the full press release

CNP Assurances Enters Negotiations to Sell Insurance Operations in Cyprus and Greece to Hellenic Bank

(IN BRIEF) CNP Assurances has initiated exclusive negotiations with Hellenic Bank for the sale of its insurance operations in Cyprus and Greece. These operations, conducted through CNP Cyprus Insurance Holdings (CIH), represent a small fraction of CNP Assurances Group’s total … Read the full press release

UNIQA Group Centralizes International Insurance Programs in Poland

(IN BRIEF) The UNIQA Group has launched the International Programmes (IP) HUB in Poland, serving as a competence center for 15 countries in Central and Eastern Europe where the insurer operates. This initiative aims to standardize insurance offerings for multinational … Read the full press release

Mutual Insurer AGPM Advances Digital Transformation with S3NS Partnership

(IN BRIEF) AGPM, a mutual insurance company, has partnered with S3NS to implement a cloud-based operational data management solution. AGPM chose S3NS’s Local Controls offering, leveraging Thales and Google Cloud technologies, to support its digital transformation and enhance data security. … Read the full press release

Allianz X Invests in NEXT Insurance to Advance Small Business Insurance Innovation

Allianz Trade Study Reveals Gap Between Perceived and Actual Inflation, with Germany Experiencing Significant Disparity

(IN BRIEF) Allianz X, the digital investments division of global insurer Allianz Group, has announced a strategic investment in NEXT Insurance, a leading technology-focused small business insurer in the United States. Allstate is also participating in this investment round, bringing … Read the full press release

Aviva Data Reveals Spike in Fire-Related Claims During November Celebrations

(IN BRIEF) Aviva is warning the public to exercise caution during Bonfire Night celebrations after a significant increase in claims for fire-related damage in November. The insurer’s data shows a 300%i rise in claims compared to October of last year. … Read the full press release

Digitalization Reshapes Insurance: Balancing Efficiency Gains and Emerging Risks

(IN BRIEF) The insurance industry is leveraging digitalization to monitor, mitigate, and price risks more efficiently, leading to tailored insurance solutions and increased protection. Swiss Re’s report highlights the potential for 3-8% improvements in loss ratios and 10-20% savings in … Read the full press release

AXA Unveils Employee Share Offering ‘Shareplan 2023’ Across 40 Countries to Foster Employee Ownership and Engagement

(IN BRIEF) AXA Group has launched its annual employee share offering named “Shareplan 2023” in 40 countries, inviting more than 110,000 employees to participate. The program allows employees to subscribe to shares issued through a capital increase reserved for employees. … Read the full press release

Aviva Reports Robust 2023 Interim Results, Surpasses Targets, and Boosts Dividend

(IN BRIEF) Aviva plc has announced its interim results for 2023, showcasing strong growth momentum across the group. The company achieved an 8% increase in group operating profit, with Solvency II own funds generation up by 26%. The results indicate … Read the full press release

Aviva Invests in Next Generation of Tech Talent Through Technology Work Placement Initiative

(IN BRIEF) Aviva, a leading insurance company, is supporting the next generation of tech talents through a new Technology Work Placement program for year 10 and year 11 students. The week-long placement, held at Aviva’s Bristol, Norwich, and York sites, … Read the full press release

Zurich Insurance Group Forms Strategic Partnership with Qover to Enhance Distribution of Innovative Insurance Products

(IN BRIEF) Zurich Insurance Group has announced a strategic partnership with Qover, a Belgium-based insurtech, through Zurich Global Ventures. As part of the collaboration, Zurich is joining Qover’s Series C funding round. Qover, founded in 2016, offers a technology-enabled distribution … Read the full press release

Leading Insurer Aviva Welcomes James Hillman as Chief Risk Officer

(IN BRIEF) James Hillman has been appointed as the Chief Risk Officer of Aviva plc, a global insurance company. Currently serving as the CFO of Scottish Widows and Finance Director of Lloyds Banking Group’s Insurance, Pensions, and Investments Division, Hillman … 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

Catherine Chia to succeed Jolene Chen as a new HR at Prudential

(PRESS RELEASE) LONDON, 12-Jan-2023 — /EuropaWire/ — Prudential plc (LON: PRU), a British multinational life and health insurance company, has announced the retirement of Jolene Chen, Group Human Resources Director. The company has also announced the appointment of Catherine Chia … Read the full press release

Aegon Announces EUR 42.5 Million Share Repurchase for Senior Management Compensation

(PRESS RELEASE) THE HAGUE, 6-Jan-2023 — /EuropaWire/ — Aegon N.V. (AMS: AGN), Dutch multinational life insurance, pensions and asset management company, has announced it will repurchase common shares for a total of EUR 42.5 million in order to fulfill obligations … Read the full press release

Munich Re to establish an additional Board division with focus on specialty primary insurance

Additional Board division „Global Specialty Insurance” Michael Kerner newly appointed to the Board of Management (PRESS RELEASE) MUNICH, 15-Dec-2022 — /EuropaWire/ — Munich Re (ETR: MUV2), a German multinational global provider of reinsurance, primary insurance and insurance-related risk solutions, has … Read the full press release

Zurich Insurance Group to reduce the capital intensity of its legacy life life portfolios with the divestment of its legacy traditional life insurance back book in Germany

Sale to further reduce capital intensity and exposure to interest rates Reduced sensitivity to interest rates reduces capital required to protect against volatility Transaction adds 8 percentage points to Swiss Solvency Test ratio1 Zurich in Germany to continue to invest … Read the full press release