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Today's Headlines July 20, 2021

Insurers and Startups Alike Can Reinvent Themselves. Here's What Trov Did.

Trov may be the only InsurTech that began its existence with less than six degrees of separation from the likes of Barbra Streisand and Steven Spielberg. Early business plan pitches brought the company tantalizingly close to both, as well as other celebrities, recalled Trov Founder, Chairman and CEO Scott Walchek. "We never got to pitch... read more
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Diversity Needs to Be Seen as a Business Imperative

Companies have been discussing the importance of diversity and inclusion for years, but now it's time to take action—to make real, observable, measurable and sustainable progress. That starts with running your D&I program "as a business strategy, just like every other strategy that a business or an association undertakes," said Harriet Dominique, chief diversity, equity,... read more
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 Brand Spotlight 
Full Speed Ahead: Opportunities and Challenges in a Driverless Paradigm

When gold standard companies in the high-tech and automotive industries start teaming up to accelerate the commercialization of driverless cars, you know it's time for insurers to go beyond monitoring developments and speed up their response. That's the takeaway from recent partnerships like the one ...read more
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Investors With China's Anbang Insurance, Now Dajia; to Sell Controlling Stake For $5.2B

Two Chinese state investors plan to sell a combined 98.78% of their stakes in Dajia Insurance Group, the revamped entity of embattled Anbang Insurance Group, for 33.6 billion yuan ($5.19 billion), according to an auction filing on Friday. read more
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After State Auto, Liberty Mutual Turns to Malaysia for Next Acquisition

Liberty Mutual Insurance is disclosing acquisition plans for the second time in two weeks. This time, the Boston-based mutual insurance holding company said it will apply for regulatory approval to acquire Malaysian insurer AmGeneral Insurance Berhad, a deal that would make it the largest auto insurer in Malaysia. Neither side disclosed financial terms. read more
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Octo Telematics Plans Hiring Surge

Octo Telematics said it expects to hire more than 100 people – a 30 percent growth of its headcount - in a bid to strengthen the talent it has developing current and future technologies. read more
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Zego, Supported by Swiss Re, Joins bp to Insure London Electric Vehicle Trial

Commercial motor insurer Zego, with support from Swiss Re, has teamed up with bp, an integrated energy company, to provide professional insurance for bp's electric vehicle trial in London, called "bp EV Pro." read more
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Liability Worries: Pharmacies Yank J&J Sunscreens Off Shelves After Carcinogen Revelation

Manas MPharmacy chains CVS Health, Walgreens Boots Alliance and retailer Walmart Inc began pulling Johnson & Johnson's sunscreen products off their shelves after J&J said it had detected a cancer-causing chemical in some samples. read more
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Research and Webinars

New executive perspective of changing business of insurance.

60% of CIOs say their organization's technical debt has risen over the past ...
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Carrier Compliance: Red Flag Rule and Undeliverable Mail

For insurance companies providing a policy update, the cost of a double-digit ...
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Executive panel discusses transformation in claims and underwriting

Striking the right balance between automation and the human touch is a top ...
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Value Chain Disruption in Insurance

83% of insurance CEOs say they are "concerned" about the speed of technological ...
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Industry Survey: Managing Distribution Onboarding in the Digital Era

Managing agent and agency onboarding is a business critical function for ...
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Media

Carrier Management Midyear Update 2021: What’s Next?

InsurTech Newsletter


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