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INSURANCE TECHNOLOGY

Combined Insurance | April 29, 2022

Combined Insurance, a Chubb company and a leading North American provider of supplemental insurance sold both directly to individuals and at the worksite, today announced charitable grants to two nonprofits focused on supporting military service members, veterans, and their families. The contributions are in keeping with the company's longstanding philanthropic efforts and its enduring commitment to giving back to those who have served the nation. The recipient organizations a...

CORE INSURANCE

Erie Insurance | August 26, 2022

Erie Insurance, an auto, home, business and life insurance company based in Erie, Pennsylvania, today announced the establishment of Erie Strategic Ventures to support visionary entrepreneurs. The fund is the most recent example of ERIE's commitment to supporting entrepreneurship and delivering innovative products, services and experiences to its customers and network of independent agents. Erie Strategic Ventures' focus will span the personal and commercial insurance valu...

RISK MANAGEMENT

Marsh McLennan Agency, Marsh | July 08, 2022

Marsh McLennan Agency (MMA), a subsidiary of Marsh, today announced the acquisition of CS Insurance Strategies, Inc., a full-service insurance agency based in Chicago. Terms of the acquisition were not disclosed. Founded in 2009 by CEO Charles Smith, CS Insurance Strategies is a minority-owned brokerage providing employee health and benefits, business insurance, and risk management consulting services to organizations of all sizes across the US. CS Insurance Strategies serves clie...

CORE INSURANCE

Canadian Institute of Actuaries | July 07, 2022

A new statement from the Canadian Institute of Actuaries (CIA), Big data and risk classification: Understanding the actuarial and social issues, says that using big data derived from new technologies can contribute to the healthy functioning of insurance markets. Insurance companies establish different classes of risks to determine the availability and pricing of insurance coverage. This ensures that policy owners have coverage that appropriately matches their level of risk....