Systemic pandemic risk is too much for insurance industry capacity, says Generali CEO

March 9, 2021March 8, 2021 Logan B.

Philippe Donnet said that insurers must make changes to create more protection. The European insurance industry is not equipped with the necessary capacity to handle the systemic pandemic risk, said Philippe Donnet, Generali insurance company CEO. The Italian insurer’s chief says that considerable additional protection must be implemented. According to Donnet, in order to equip the insurance industry with what it needs to manage systemic pandemic risk, additional protection must come in the form of private-public partnerships. The Generali CEO made this statement during an online Politico interview cited by…

Hippo insuretech agrees to $5 billion merger with Reinvent Technology Partners Z

March 8, 2021March 7, 2021 Julie Campbell

Insurance News Hippo insuretech has announced that it will be merging with SPAC #insurancenews

This makes the insurance business the latest of many to fuse with special purpose acquisition companies. Hippo insuretech has announced that it will be merging with special purpose acquisition company (SPAC) Reinvent Technology Partners Z. The deal has valued the Californian insurance technology company at about $5 billion. Hippo Enterprises first launched in 2015. The Hippo insuretech sells homeowners insurance directly to consumers, promising fast quotes in a minute or less and the ability to purchase a policy within 5 minutes. Once the transaction closes, the insurance technology company will…

No-Code Insurance Product Configurator

January 29, 2021 PR Article

tigerlabs PaaS Insurance Solution “i2go” is about to launch a new No-Code insurance product configurator for insurers to bring their products faster to the market without the need of IT-support. i2go, an insurance platform as a service helps insurance businesses to offer an end-to-end digital experience for customers as well as their system users. Now, i2go is about to launch a No-Code product configurator, which enables Insurance Businesses to develop new insurance products faster and without the need of any IT support. The No-Code concept in i2go rating enables insurers…

CSG Actuarial Announces Availability of It’s Newest Tool Supporting Insurance Agents: Client Manager

October 20, 2020December 4, 2020 PR Article

CSG Actuarial is well known in the insurance industry for its technology product portfolio supporting agencies with clients in the senior market. They just announced a new product, Client Manager, with features that allow users to upload client lists, create segments and run multiple insurance quotes at one time. The new tool saves valuable time by searching multiple senior market product solutions at one time. It is also built to enhance client retention by offering features for proactive filtering of their client data to target specific groups with different product…

State Farm Ohio auto insurance rates to see 14.3 percent reduction

August 10, 2020August 7, 2020 H. Cutner

Ohio auto insurance rates - cars on road

Drivers in the state will be saving a total of $174.1 million per year from the decreased premiums. State Farm recently announced that it plans to implement another Ohio auto insurance rates reduction. It will slash premiums by an average of 14.3 percent, according to the statement issued on July 29. The impact of the COVID-19 pandemic was cited as the reason for the premiums cut. According to State Farm Insurance, “Driving behaviors across the country continue to evolve during the COVID-19 pandemic. Based on current trends, State Farm is…

Lombard International’s US CEO, Michael Gordon, appointed Group Chief Operating Officer

June 9, 2020December 4, 2020 PR Article

Philadelphia/New York, — June 2020 – Lombard International Group, the global leader in wealth and succession planning solutions for high net worth individuals, families and institutions, announces the appointment of Michael Gordon as Group Chief Operating Officer (COO), in addition to his existing role of Chief Executive of the US business. The role of Group COO is newly created and includes the Global Office of Technology and Transformation. Following Stuart Parkinson’s appointment as Lombard International Group’s Chief Executive Officer (CEO) on 1 April 2020, Mr. Gordon’s appointment builds upon a…

Nationwide plans to keep remote insurance jobs permanently in 5 states

May 21, 2020May 20, 2020 Julie Campbell

The insurer has made it possible for many employees to work from home even after offices fully open. Nationwide has announced its intention to permanently transition into an operating model that functions as a hybrid between in-office and remote insurance jobs. The employees who will be heading to the office will be those at the four main corporate campuses. The insurer will keep the in-office workers primarily at its four main corporate campuses. That said, it will keep its remote insurance jobs in place for the majority of other locations.…

Tag: insurance industry