Monthly Archives: <span>April 2020</span>

Vitech Systems Group Forms Strategic Partnership with Innovation Underwriters

Vitech Systems Group has formed a strategic partnership with Innovation Underwriters (IU), a not-for-profit collaborative focused on promoting innovation within the insurance industry. Innovation Underwriters supports insurtech venture development and promotes innovation as a growth strategy for insurance leaders. Its …

Strategic Agency Partners Launches in Eastern Pennsylvania and New Jersey

Several insurance agencies are joining resources to launch Strategic Agency Partners (SAP), an insurance agency network with a geographic footprint in eastern Pennsylvania and New Jersey. The founding agencies, located in southern New Jersey, include BCA Group of Northfield, The …

Amazon Tests Hospital Workplace Safety Idea With Disinfectant Fog at Warehouse

Amazon.com Inc. is testing the use of disinfectant fog at a warehouse in Staten Island, New York starting on Tuesday, the company told Reuters, following worker protests over the risk of coronavirus infection at the site. The measure shows how …

Swiss Re Appoints Haycock as Its First Chief Data Officer

Swiss Re announced that Ian Haycock has been appointed to the newly created role of chief data officer as of May 1, 2020. Together with Youngran Kim, who started as the group chief technology officer this month, Haycock will further …

MGU Victor Taps Bonfà from US Underwriting Solutions as Country Leader of Victor Italia

Victor Insurance Holdings, the world’s largest managing general underwriter (MGU), announced the appointment of Matteo Bonfà as country manager, Victor Italia S.r.l., effective immediately. Bonfà is based in Milan and reports to Anthony Stevens, president, Victor International. With a 20-year …

Lloyd’s Picks 12 Insurtech Startups for Next Cohort of Its Innovation Lab

Lloyd’s has selected 12 insurtech startups to participate in its innovation accelerator, Lloyd’s Lab. The 12 teams were chosen out of more than 190 applications, received from across the world, for the fourth cohort of the Lloyd’s Lab, which starts …

China Plans to Relax Rules on Foreign Ownership of Domestic Life Insurers: Sources

China plans to make it easier for foreign life insurers to make controlling acquisitions and large equity investments in domestic peers, five people with knowledge of the matter said, as the country pushes ahead in opening up its financial sector. …

Canada’s Insurers to Cut Auto Premiums as Drivers Stay Home During COVID-19 Crisis

Insurance Bureau of Canada (IBC), an industry association for Canada’s home, auto and business insurers, on Wednesday said its members would lower costs for auto insurance to reflect reduced driving during the COVID-19 pandemic. Its members, which make up 90% …

PartnerRe’s Parent EXOR Vows to Go Ahead with Deals Despite Pandemic

The boss of EXOR showed confidence on Wednesday in the success of three transformative deals set to reshape its multi-billion portfolio of corporate holdings, despite being caught at mid-air by the coronavirus crisis. In a letter to the holding’s shareholders, …

Arrowhead and Internet of Insurance to Help Contracted Agencies Grow

San Diego, CA, April 9, 2020 – Arrowhead General Insurance Agency, Inc. (Arrowhead), has joined together with Internet of Insurance to help their contracted agencies advance their digital capabilities. The Internet of Insurance provides agencies with improved quote intake and …