| Today's Headlines | September 29, 2021 |
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During COVID-19 lockdowns and other related challenges, many insurers began realizing the more urgent need to automate parts of their businesses to increase efficiencies and profitability. In fact, one such function that has received intense focus is transforming manual billing systems to digital payment platforms. While the pandemic was not the sole catalyst that kickstarted... read more | | |
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While the aggregate InsurTech funding level for the first-half of 2021 soared past the amount raised for InsurTech businesses for the entire year 2020, InsurTechs continued to quietly shut their doors with much less fanfare. When Willis Towers Watson reported a surge in InsurTech funding to $7.4 billion in the first-half of 2021 last week,... read more | | |
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Well, now we know. Insurance's direct sales didn't drive the agency channel out of existence. It's thriving. Customers still enjoy working with agents. Agents still enjoy working with customers and insurers. The greatest change brought about in the past few years is the steady retirement ... read more | | |
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Blink by Chubb, Chubb's new digital platform launched earlier this year, is partnering with its first incumbent insurance carrier. read more | | |
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Buckle Corp. has nailed down $60 million in new venture capital financing, money that will help scale its full-stack insurance-as-a-service platform for the gig economy. read more | | |
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Allianz SE is in advanced talks to transfer a block of Swiss life insurance assets to Resolution Life, people with knowledge of the matter said, a move that could free up regulatory capital as Europe's largest insurer prepares for the financial hit from U.S. probes into its asset management arm. read more | | |
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The United Nations Development Programme has launched an initiative to help governments and the private sector in developing countries provide insurance for crises such as pandemics and natural catastrophes, it said on Monday. read more | | |
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The board of Assicurazioni Generali on Monday threw its weight behind the reappointment of Chief Executive Philippe Donnet, overlooking opposition from two leading shareholders in Italy's top insurer, two people close to the matter said. read more | | |
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Artificial intelligence can be used to falsify satellite imagery. Baby cushions from The Boppy Company have been recalled due to safety risks. *** Geographers from the University of Washington are warning that deepfake satellite imagery could be used to create hoaxes about wildfires or floods or to discredit stories based on real satellite imagery. Such... read more | | |
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| | Commercial underwriting executives share tips on their digital transformation ... read more | |
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| | Accelerate competitiveness with a digital ecosystem. Revolutionize your ... read more | |
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| | Business email compromise, or BEC – defined as a fraud tactic using email to ... read more | |
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| | GIACT's new report, Understanding Account Takeover 2021, discusses the impact ... read more | |
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| | As large P&C carriers and brokers continue to grow through mergers and ... read more | |
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