All articles by Vishnupriya N
Vishnupriya N
Irys Insurtech raises $3.5m in seed funding round
The funding round was led by venture capital company Markd, which invests in insurtechs.
Aspen UK appoints new chief risk officer
Andrew Dyer will be based in London and report to Aspen UK CEO Richard Milner.
Fortitude Re awards IBM $450m deal to optimise life insurance operations
IBM will carry out the design and handling of a tailored and optimised solution to manage life and annuity insurance policies.
AIA Group net profit soars 50% to $2.2bn in H1
The insurer’s value of new business surged 37% to $2.02bn from $1.53bn a year ago.
Insurers raise premiums for tankers plying in Russia’s Black Sea ports
The war risk premium was raised to nearly 1.20%-1.25% of the cargo’s price from the prior figure of 1%.
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ERGO raises stake in China life insurance JV to 65%
ERGO China Life shareholders intend to inject CNY400m into the JV to fund long-term growth.
LIBRA Insurance forms strategic partnership with HCB
The partnership will give HCB access to numerous advanced planning tools and benefits.
Sompo International names new APAC distribution insurance head
Alasdair Walker previously served as Allianz’s distribution regional head for the Singapore region.
Aspen Insurance net income soars 352% to $219m in H1
Underwriting income rose by 33% to $208m from $157m in the first half of 2022.
MetLife partners with Empathy to augment claims concierge services
Empathy’s care platform offers administrative support, emotional assistance, as well as self-care tools.