Global insurance trends

International News: Liberty Launches Parametric Product in Columbia

Liberty Mutual Reinsurance (LM Re), part of the Liberty Mutual Insurance Group, announces the launch of a parametric agriculture product to financially safeguard Colombian farmers against adverse climatic conditions, in collaboration with XS Latam—part of […]

Global insurance trends

Cambridge Telematics Moves Into Latam Markets, Announces Key Hire

 There are still many parts of the world where driving is a relatively dangerous undertaking and this can be a challenge for insurance brands. One solution is the roll out of telematics tech, which is […]

Business

Claims Processing Outsourcing Colombia: Cynergy BPO – Advanced Tech, CX, and Compliance

In an increasingly competitive and regulation-heavy insurance industry, North American companies are under immense pressure to innovate, streamline operations, and improve customer satisfaction, all while keeping costs under control. Claims processing—often the most critical interaction […]

News

FCA Hits JLT Specialty With £7.8M Fine

Here’s the latest from the FCA; The Financial Conduct Authority (FCA) has fined JLT Specialty Limited (JLTSL) £7,881,700 for financial crime control failings, which in one instance allowed bribery of over $3million to take place. […]

Legal

Another US Insurer Wins Business Interruption Case

A District of Columbia judge recently knocked back a lawsuit by a group of restaurants, claiming for business interruptions during the COVID-19 pandemic, ruling that government shutdown orders didn’t constitute a “direct physical loss.” The […]

Global insurance trends

AXA COLPATRIA Joins the MAXIS Network

AXA COLPATRIA, one of the leading insurance providers in Colombia, has become the latest local insurance firm to join MAXIS Global Benefits Network (MAXIS GBN), providing medical coverage for MAXIS GBN’s multinational clients in the country. […]

InsureTech

omni:us Teams Up With Rokk3r on Latin American Expansion

omni:us, the insurance-focussed artificial intelligence (AI) solution business, has announced a partnership with Rokk3r, a global innovation technology and consulting company, to enable the AI company to enter the Latin American insurance market. In 2019, Berlin-based omni:us […]