Gulf Insurance & Reinsurance

Insurance Business | July 29, 2020

Insurtech company Worry+Peace has marked its first foray into open insurance with the release of a pair of automated and scalable review-focused tools accessible to all providers who are using the firm’s online platform. Reviews API gives each insurer a default key and a corresponding product key to every product it lists on the Worry+Peace marketplace, allowing for seamless data transmission. Onboarding for existing providers has already started and is set to be completed by the end of Au...

Swiss Re | February 20, 2020

It’s Swiss Re’s turn to unveil its full-year numbers for 2019, and the major reinsurer has a $727 million reason to be merry. In a release this morning, Swiss Re said its group net income for last year rose 73% from $421 million in 2018. Much of the result was attributed to the group’s Life & Health Reinsurance (L&H Re) unit, net income of which went up 18% to $899 million. As for the other segments, Property & Casualty Reinsurance (P&C Re) posted a 7% increase ...

CLAIMS

EXL, Benekiva | February 17, 2021

EXL, a main operations management and analytics organization, today declared an association with Benekiva, a software startup zeroed in on giving seamless technology solutions to financial services, to upgrade the digital claims capabilities of EXL's LifePRO® policy administration platform. The association will join the start to finish policy management capabilities of LifePRO® with Benekiva's digital claims solutions, which incorporate work processes, record digit...

INSURANCE TECHNOLOGY

SAS | June 28, 2022

Global AI and analytics leader SAS has acquired Honolulu-based Kamakura Corporation. Privately held Kamakura provides specialized software, data and consulting that helps financial organizations across the spectrum – banks, insurance companies, asset managers, pension funds and more – manage a variety of financial risks. SAS' investment decision comes as post-pandemic optimism is shadowed by war, unyielding supply chain disruption, and the end of many pandemic-era ...