Global insurance trends

US Market: Prudential Buys Assurance Health & Wellness Brand

Prudential Financial has announced that it has signed a definitive agreement to acquire Assurance IQ, Inc., “Assurance,” a profitable, fast-growing direct-to-consumer platform that transforms the buying experience for individuals seeking personalized health and financial wellness […]

Insurance Brokers

Broker News: Next for Agents Site Launched; Sell More, Sell Faster

 Next Insurance, the leading digital insurance company for businesses owners, today announced the launch of Next for Agents, enabling independent agents to quickly quote and sell Next Insurance policies – including general liability, professional liability and commercial […]

Investment

Deals: Sedgwick Completes on York Risk Service Purchase

Sedgwick, a leading global provider of technology-enabled risk, benefits and integrated business solutions, today announced the completion of its purchase of York Risk Services Group, a premier provider of claims administration, managed care, specialized loss […]

Insurance claims

Envista Forensics Expands Cyber Security Offer

Envista Forensics, a global forensic engineering firm, announced the expansion of their cyber security services to include ransomware investigation and resolution. “Our cyber experts are highly experienced and many come from all walks of life, […]

Travel Insurance

RAC Says Dodge Those Car Hire Insurance Excess Charges – Buy in Advance

Seven in 10 drivers who have hired cars abroad describe the ‘excess’ insurance that rental companies offer to cover the agreed amount which has to be paid in the event of a claim as ‘expensive’. […]

Legal

Deals & Mergers Continue To Thrive, Says New Report from Clyde & Co

Mergers and acquisitions (M&A) in the global insurance industry rose in the first half of 2019 with 222 completed deals worldwide, up from 196 in the second half of 2018, according to Clyde & Co’s Insurance Growth […]

InsureTech

NTT Research Finds Insurers Are Building Platforms, Not Solo Brands

According to research findings released today by NTT DATA, new digital technologies, increased competition, and evolving customer expectations are driving 61% of financial services and insurance companies (FS&Is) to shift away from traditional, vertically-integrated business models […]