Tag Archives: insurance

Insurance associations call on the International Accounting Standards Board (IASB) for a delay of the IFRS 17 for insurance contracts

BRUSSELS, 18-Oct-2018 — /EuropaWire/ — A global group of nine insurance associations has written a joint letter to Hans Hoogervorst, chair of the International Accounting Standards Board (IASB), that highlights the industry’s concerns about the International Financial Reporting Standard (IFRS) 17 … Read the full press release

AXA join forces with Liverpool Football Club as its Official Global Insurance Partner

PARIS, 08-Oct-2018 — /EuropaWire/ — AXA reignites its sponsorship strategy and is proud to join forces with one of the most famous names in sport. The multi-year partnership with English Premier League legends Liverpool Football Club (“Liverpool FC”) sees AXA … Read the full press release

Capgemini publishes inaugural edition of the World InsurTech Report

World InsurTech Report 2018: Collaborative approach between incumbent insurers and InsurTechs gains traction As new competition looms and tech investment reaches new highs, collaboration is the key to unlocking enhanced customer experience PARIS, 04-Oct-2018 — /EuropaWire/ — The insurance technology (InsurTech) … Read the full press release

Capgemini named a Star Performer and Leader in the 2018 Everest Group Insurance Application Services PEAK Matrix

Strategic InsurTech investments and focused acquisitions result in Capgemini delivering innovative end-to-end business transformation PARIS, 04-Oct-2018 — /EuropaWire/ — Capgemini today announced that is has been named a “Leader” and “Star Performer” in Everest Group’s PEAK MatrixTM[1] for Insurance Application Services for the … Read the full press release

Torsten Jeworrek of Munich Re: Cyber risks are one of the biggest threats to the networked economy

Cyber risks are one of the biggest threats to the digital and networked economy The most important thing for companies is to ensure they have the best possible technical prevention Munich Re is developing insurance products and services that offer … Read the full press release

Tokio Marine appoints Daljitt Barn to the newly-created post of global head of cyber risk

LONDON, 05-Sep-2018 — /EuropaWire/ — Leading international insurance group Tokio Marine Holdings (TMH) has appointed Daljitt Barn to the newly-created post of global head of cyber risk. Barn – who will be based in London – joins from Munich Re … Read the full press release

Allianz Partners to establish three new innovation centers focusing on travel, health and assistance

PARIS, 03-Sep-2018 — /EuropaWire/ — Leveraging its knowledge and expertise in assistance, automotive, health and travel protection, Allianz Partners further embraces technological disruption and redefines insurance by establishing three new innovation centers focusing on travel, health and assistance, following the success … Read the full press release

Co-op Insurance research reveals that young drivers often worry about dealing with mechanics

Two fifths of young drivers worry about the cost of repairs A fifth find it hard to talk to mechanics Co-op urging young drivers to not let nerves risk safety MANCHESTER, 23-Aug-2018 — /EuropaWire/ — Co-op Insurance is encouraging young drivers to let … Read the full press release

Co-op Insurance partners with Neighbourhood Watch to find and crown the UK’s greatest neighbour

A third of people think they have better neighbours than they did five years ago (33%) 95% of people think they are good neighbours Two fifths (41%) say they speak to their neighbours daily Almost one in three (29%) have … Read the full press release

Swiss Re and Security First Insurance partner on breakthrough in flood protection for Florida residents

ZURICH, 31-Jul-2018 — /EuropaWire/ — Swiss Re and Security First Insurance have entered into an agreement that enables Florida residents to include water damage, including flood coverage, in their homeowners policy. The joint venture represents a breakthrough in flood protection as … Read the full press release

Allianz Partners to acquire 100 percent of the share capital of Servicios Compartidos Multiasistencia, S.L. from Portobello Capital and minority shareholders

The acquisition strengthens Allianz Partners’ leadership in the home and assistance market and enhances Multiasistencia’s development capabilities and geographical reach It supports Allianz Partners’ growth ambition in key markets The transaction would see Multiasistencia remain an independent and market neutral … Read the full press release

Assicurazioni Generali and Generali Deutschland to sell the majority stake of Generali Leben to Viridium Gruppe

Agreed vision for an innovative industrial partnership with Viridium Gruppe for the sustainable management of the Generali Leben Life portfolio. Total evaluation for 100% of Generali Leben up to €1 bln, incl. €125 mln as earn out in case of … Read the full press release

Tokio Marine Kiln establishes US$100m intellectual property (IP) facility with leading global broker Aon

LONDON, 05-Jul-2018 — /EuropaWire/ — Tokio Marine Kiln (TMK) has established a US$100m intellectual property (IP) facility with leading global broker Aon and several other Lloyd’s syndicates. The facility will be led by TMK and is one of the first for … Read the full press release

Euler Hermes: Sweden’s exporting SMEs can now assess the credit worthiness of potential business partners in 24 European countries

Credable, a Swedish insurtech start-up which is part of Euler Hermes, offers an innovative new service: invoice insurance for SMEs, based on traditional trade credit insurance. Credable is now providing cover for Swedish SMEs in 24 European countries. In line … Read the full press release

The winners of the third annual Efma-Accenture Innovation in Insurance Awards announced at the Elyseum in Paris

Insurance institutions showcase winning innovations transforming the industry PARIS, 13-Jun-2018 — /EuropaWire/ — Efma, an association of more than 3,300 retail financial services companies in 130 countries, and Accenture (NYSE: ACN) today announced the winners of the third annual Efma-Accenture Innovation in Insurance … Read the full press release

Insurance group Achmea closes the sale of Irish life assurance company Friends First to Aviva group plc

ZEIST / DUBLIN, 05-Jun-2018 — /EuropaWire/ — Insurance group Achmea announces the closing of the sale of Irish life assurance company Friends First to Aviva group plc. All the required regulatory approvals for the transaction have been received. Following these approvals … Read the full press release

Zurich Insurance Group to improve business efficiency using self-service-enabling technology of InShared, the digital insurer of Achmea

ZEIST, ZURICH, 05-Jun-2018 — /EuropaWire/ — Achmea announced today that it will partner with Zurich Insurance Group (‘Zurich’) to improve business efficiency using self-service-enabling technology of InShared, the digital insurer of Achmea. InShared’s IT-platform is fully designed around online service, from … Read the full press release

Allianz will phase out both its proprietary investments in coal-based business and its insurance coverage of such risks by 2040

Withdrawal from insuring single coal-fired power plants and coal mines in operation or planning, effective immediately Exclusion of coal risks by 2040 in Property and Casualty business and in proprietary investments Joining the Science Based Target Initiative: Commitment to the … Read the full press release

Allianz Group sells 8.4 percent stake in Banco BPI to CaixaBank for 178 million euros

Allianz Group sells 8.4 percent stake in Banco BPI to CaixaBank Allianz and CaixaBank agree to reorganize terms of insurance distribution cooperation in Portugal Allianz Group aims to extend and deepen insurance partnership in Portugal with Banco BPI, subject to … Read the full press release

Anna McNamara appointed group COO at Tokio Marine Kiln (TMK)

LONDON, 03-May-2018 — /EuropaWire/ — Tokio Marine Kiln (TMK), the leading provider of specialist and corporate insurance, has appointed Anna McNamara as group chief operating officer (COO) with effect from 26 April. As Group COO Anna will lead the strategy and … Read the full press release

Lloyds Bank Cyber Beyond IT event: Eight in ten UK business leaders very concerned about the financial implications of a cyber-attack on their business

Lloyds Bank cyber event finds that only a third of businesses have a financial plan in place in the event of a cyber attack But over a third would pay a ransom to get their systems and data back Only … Read the full press release

Tokio Marine Kiln launches new insurance and services policy to protect clients against the impact of cyber attacks

TMK’s new Cyber Ctrl insurance and services policy gives clients access to specialist breach preparation and threat monitoring services from leading experts XCyber® and Sytorus in a streamlined and simplified wording LONDON, 02-Apr-2018 — /EuropaWire/ — Tokio Marine Kiln (TMK), … Read the full press release

B3i launches insurance solutions on a blockchain platform across the re/insurance industry

Transition to independent legal entity significant milestone for B3i B3i Services AG to commercialize blockchain solutions for re/insurance First product demonstrated efficiency gains of up to 30 percent in initial testin MUNICH, 28-Mar-2018 — /EuropaWire/ — The Blockchain Insurance Industry Initiative … Read the full press release

Jasmin Staiblin proposed for election to the Board of Directors of Zurich Insurance Group on the Annual General Meeting on April 4, 2018

Zurich Insurance Group (Zurich) announced today that the Board of Directors will propose to shareholders to elect Jasmin Staiblin to the Board for a one year term of office. The election will take place at the Annual General Meeting on … Read the full press release

Societe Generale Corporate & Investment Banking (SG CIB) appointments: Yves Jacob as Global Head of Coverage for public-sector entities and Laurent Morel as Global Head of Financial Sponsor Coverage

Societe Generale Corporate & Investment Banking (SG CIB) is continuing to strengthen its sector-based approach within the Financial Institutions Group, by developing coverage dedicated to public-sector players and by integrating the team in charge of global coverage for financial sponsors. … Read the full press release

EBRD loans EUR 25 million to banking and insurance software developer Vermeg to fund their acquisition of Lombard Risk

€25 million loan for acquisition of London-based Lombard Risk LONDON, 06-Mar-2018 — /EuropaWire/ — The EBRD is supporting the expansion of banking and insurance software developer Vermeg with a €25 million loan to fund their acquisition of Lombard Risk, a … Read the full press release

Generali completes the sale of Generali Nederland N.V. to ASR Nederland N.V.

TRIESTE, 06-Feb-2018 — /EuropaWire/ — Assicurazioni Generali SpA announces that it has completed the sale of its entire shareholding in Generali Nederland N.V. (and its subsidiaries) to ASR Nederland N.V., one of the leading insurance groups operating in Holland. This … Read the full press release

Siam Commercial Bank Public Company Limited and Prudential Life Assurance (Thailand) Public Company Limited to establish a bancassurance partnership in Thailand

BANGKOK, Thailand, 10-Jan-2018 — /EuropaWire/ — Siam Commercial Bank Public Company Limited (“SCB”), a leading bank in Thailand, and Prudential Life Assurance (Thailand) Public Company Limited (“Prudential Thailand”), a subsidiary of Prudential plc, have agreed to establish a bancassurance partnership to … Read the full press release

Robinsons Bank and Prudential’s subsidiary Pru Life UK establish bancassurance partnership in the Philippines

QUEZON CITY, Philippines, 10-Jan-2018 — /EuropaWire/ — Gonkongwei-led Robinsons Bank and Prudential’s subsidiary Pru Life UK today announced the establishment of a strategic bancassurance partnership, in the Philippines at a press conference held at Crowne Plaza Galleria Manila. Through this partnership, … Read the full press release