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Security Benefit picks Zinnia in Admin Brotherhood Works partnered with Forte Hippo partnered with Accelerant Figo Pet Insurance partnered with Tractive Petsecure partnered with Pet Valu Western Financial Group partnered with Canadian Veterinary Medical Association Eye Security raised $68.55M Lincoln Financial Group raised $500M Allianz Commercial picks Hyperexponential in Pricing Canal Insurance picks Kyber in Claims Way Specialty picks Origami Risk in Admin Obie picks Magiq in Claims Alan raised $544.58M Taktile raised $110M Eden Care Medical raised $285.21K

Empower to buy Milliman's retirement admin business for $340 million

By Shefi Ben-Hutta

The two companies plan to work together by referring certain actuarial and defined benefit administration work to each other.

Business

PayPal and JUST Capital launch new Initiative to prioritize workers’ financial security and health

By Gabriella Ben-Hutta ·

Together, the organizations will help equip companies with the new tools and resources needed to conduct assessments of workers' financial wellness, as well as identify different kinds of investments and policies business leaders can implement to help bolster the financial security of their workforce.

Business

Clover Health to become publicly-traded via merger with Social Capital Hedosophia

By Gabriella Ben-Hutta ·

This transaction values Clover at an enterprise value of $3.7 billion and is expected to provide up to $1.2 billion in cash proceeds, including a fully committed PIPE of $400 million and up to $828 million of cash held in the trust account of Social Capital Hedosophia Holdings.

Investments

Unqork secured $207 million in Series C funding

By Gabriella Ben-Hutta ·

This round brings the company valuation to $2 Billion.

Strategy

Walmart launches health insurance plans

By Gabriella Ben-Hutta ·

Arkansas-based announced the opening of Walmart Insurance Services, LLC, a licensed insurance brokerage, which will assist people with enrolling in insurance plans—and simplify what’s historically been a cumbersome, confusing process....

Innovation

Commercial insurer Mobilitas Insurance announces official launch

By Coverager ·

Mobilitas is focused on creating custom-built insurance solutions for businesses and individuals in the sharing and mobility space.

Innovation

Bank of America launches Life Plan

By Avi Ben-Hutta ·

Life Plan is now available nationwide following an eight-month pilot with nearly 80,000 clients.

Product

YouBike Taiwan partnered with TPIsoftware to launch a new customer service system

By Gabriella Ben-Hutta ·

The chabot TPIsoftware designed with YouBike connects with the official YouBike website, LINE, Facebook, and Google Assistant to provide users the information they need, quickly and comfortably.

Business

LexisNexis collaborates with ExamOne to improve risk identification for life insurance underwriting

By Gabriella Ben-Hutta ·

The collaboration allows life insurers to more confidently expand age and policy ranges, utilize data in a more consistent, cost-effective manner, and deliver better experiences to consumers within minutes versus weeks using LexisNexis Risk Classifier.

Business

Onlia and Ultimate Dining Card team up to reward Canadians for good driving behavior

By Gabriella Ben-Hutta ·

Effective October 1, users of Onlia's safe-driving app, Onlia Sense, can now unlock rewards that can be redeemed at Recipe Unlimited Corporation's participating restaurants.

Business

Yourefolio partners with One Resource Group to create insurance exchange

By Gabriella Ben-Hutta ·

The exchange is available for professionals and their clients who are subscribers and to consumers through their “Estate Organizer” application.

Investments

Genworth and Oceanwide announce significant progress toward acquisition funding

By Gabriella Ben-Hutta ·

Oceanwide has reached a general agreement with Hony Capital on the key commercial terms and conditions of its $1.8 billion offshore financing plan to complete the acquisition of Genworth.

Product

Global Parametrics partners with Arbol & AGRIBEE

By Gabriella Ben-Hutta ·

The AGRIBEE Crop Insurance Pilot provides extreme weather protection cover for smallholder rice farmers in Cambodia.

Hitachi partners with Swiss Re Corporate Solutions to offer digital risk solutions

By Coverager ·

Swiss Re Corporate Solutions and Hitachi team up to launch integrated insurance-based offerings for the digital era

Investments

USAA backs digital account switching solution ClickSWITCH

By Coverager ·

ClickSWITCH is a digital account switching solution for financial institutions and challenger banks that simplifies the process of bringing new account holders onboard by switching direct deposits and automatic payments to new accounts.

Product

Next Insurance expands workers’ compensation to 24 states

By Coverager ·

These states join previous coverage availability in: Colorado, Florida, Georgia, Illinois, Nevada and Texas.

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Member News

Vertafore’s latest AI innovations help agencies accelerate carrier statement reconciliation and turn Outlook activity into structured workflows

By Vertafore ·

Claims AI ROI Should Be a Scale Test, Not a Spreadsheet

By Yo Sub Kwon, Voltaire ·

Fuse Launches Tape: a Free, Live Market-Intelligence Surface for the Public P&C Insurance Complex

By Sean Bourgeois, Fuse ·

Dearborn Labs Launches “Context Window” Podcast Exploring the Real Stories Behind AI Adoption in Insurance

By Alec Martins, Clearcover ·

Canal Insurance Selects Kyber to Enable Claims Modernization and Equip Its Teams for the Road Ahead

By Kyber, Kyber ·

Canopy Connect Reaches 10 Million Shared Insurance Policies as Demand for Verified Insurance Data Grows

By Insurance Verification, Canopy Connect, Inc. ·

Checklist: 6 Ways to Automate for Smarter Insurance Operations this Summer

By Evy Strom, ePayPolicy ·

A major global broker in Australia moves commercial broker placement to API-first negotiation infrastructure

By InsureMO, InsureMO ·

5 Strategic Tradeoffs MGAs are Navigating

By Vertafore ·

Fuse Launches Hospitality Vertical, Bringing Real-Time, Synthesized Market Intelligence to One of Commercial Insurance’s Most Dynamic Classes

By Sean Bourgeois, Fuse ·

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