Blue Cross and Blue Shield of Kansas City

Aflac | March 20, 2020

Aflac has announced that its insurance subsidiaries – American Family Life Assurance Company of Columbus (Aflac of Columbus) and American Family Life Assurance Company of New York (Aflac of New York) – have entered into a definitive agreement to acquire Zurich North America’s US corporate life and pensions (group benefits) business. The transaction is expected to close in the second half of 2020, subject to regulatory approvals and customary closing conditions. A release said t...

Securian Financial | February 18, 2020

Canadian Premier Life Insurance Company – a Toronto-based subsidiary of Securian Financial Group – has agreed to purchase the regional book of business of Gerber Life Insurance Company. Gerber Life was acquired by Western & Southern Financial Group in late 2018. Most of Gerber Life’s book of business in Canada consists of “Grow-Up” whole life insurance policies for children. Securian has not disclosed how much its subsidiary is paying for Gerber Life’s Can...

INSURANCE TECHNOLOGY

Patra, expert.ai | February 18, 2021

Patra, a main supplier of technology-enabled services for the insurance business, and expert.ai, the chief artificial intelligence solution for natural language understanding and natural language preparing (NLU/NLP), today reported an organization that carries efficiencies to an assortment of insurance processes. This organization conveys AI-powered policy checking to the insurance market today. By brushing expert.ai's technology and expertise alongside the market force of the InsurConneXtio...

Walmart | July 09, 2020

In a surprise move, retail corporation Walmart has entered the health insurance market and has even begun hiring licensed insurance agents for its new business. The company announced in a virtual conference that it would start selling health insurance plans with the creation of “Walmart Insurance Services LLC.” MedCity News reported that the new business’s name was first filed with the Arkansas Secretary of State late last month....