Munich Reinsurance America, Inc.

FCA | June 01, 2020

The Financial Conduct Authority has reviewed more than 500 business interruption policies from 40 insurers in order to pull together a sample of 17 policy wordings as part of its plans to bring forward a High Court test case. In an update this morning (June 1) the regulator confirmed it had selected the 17 policy wordings which will be used in the court case to represent key issues in dispute between policyholders and insurers....

Reich Insurance | February 25, 2020

Manchester-based Reich Insurance has a new proposition for water treatment professionals, who the broker found are often unknowingly exposed due to a specific exclusion for legionella and efficacy. “As a leading independent insurance broker in the UK, we are constantly striving to develop new products that put our clients first, providing them with the specialist support and best possible protection,” said Reich chief executive Simon Taylor. “We see the water treatment sector a...

Insurance Business Magazine | January 31, 2020

Insurtech investment hit an all-time high in 2019, according to a new report from Willis Towers Watson. Total worldwide funding commitments in the insurtech sector totaled $6.37 billion in 2019. That’s a third of the historic total funding for the sector. The fourth quarter alone saw $1.99 billion invested in 75 projects. Eight “unicorn-making” investment rounds happened last year, according to Willis Towers Watson’s Quarterly InsurTech Briefing. The rounds led to the cre...

ANNUITIES

F&G, Majesco | January 13, 2021

Majesco, global leader of cloud insurance software solutions for insurance business change reported that F&G, a main supplier of annuities and life insurance, has chosen Majesco Distribution Management, Majesco Digital1st® Insurance and Majesco CloudInsurer® to empower their distribution activity and development methodology for digital change. “In today’s competitive landscape, our ability to rapidly onboard numerous independent brokers, new distribution pa...