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Sompo GRS | March 04, 2020
Sompo Global Risk Solutions (GRS) is offering a new specialized insurance that helps US commercial real estate and financial institutions with property-related risks. The new Sompo GRS Replacement Value Protection product covers the shortfall between the outstanding loan balances, the combined value of the underlying property insurance proceeds, and the land that collateralizes the loan in the event of a covered cause of loss, a release explained. Sompo GRS has entered into a strategic partnersh...
Clyde & Co | February 17, 2020
The volume of mergers and acquisitions in the insurance space rose 10% in 2019, according to insurance law firm Clyde & Co. A study by the firm found that 419 deals were completed worldwide last year, up from 382 in 2018. Merger activity was driven by an unusually strong first half, led by a spike in deals in Europe that had previously been on hold due to Brexit preparations. M&A activity dropped during the last six months of 2019, but activity remained strong compared to recent years, a...
LIFE INSURANCE, INSURANCE TECHNOLOGY
Amplify Life Insurance | October 04, 2022
Amplify Life Insurance, a digital-first life insurance platform focused on helping customers build wealth through permanent life insurance, announced an investment round led by Munich Re Ventures (MRV), with follow on investment by Crosslink Capital, Greycroft, and Conversion Capital. The investment brings Amplify's total funding to $25.1 million.
Amplify is the first digital platform that offers customers the ability to invest in public markets with their life insurance premi...
Cover Whale | September 29, 2022
Cover Whale Insurance Solutions, Inc., a leading commercial trucking insurer and fast-growing insurtech, today announced the availability of two new technology platforms, an application programming interface (API) for agents and interactive mobile app for its insured truck drivers.
The API allows agents to seamlessly integrate their systems with Cover Whale's industry-leading commercial trucking insurance platform, streamlining the policy quoting and binding process even furth...
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