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Core Insurance

Allianz Global Corporate & Specialty | July 15, 2022

Allianz is aiming to substantially expand its business from customers in the global insurance program sector to serve the increasing demand from large and medium-size companies needing cross-border coverage. Its international corporate insurance carrier, Allianz Global Corporate & Specialty (AGCS), is strengthening its capabilities, including a new market-facing team as well as dedicated investments in data and technology, and will expand its customer services. To support its ...

Insurance Business Magazine | February 05, 2020

After the US House of Representatives passed what some experts called a head-scratching short-term measure to extend the National Flood Insurance Program (NFIP) through December 20, 2019, the President then signed legislation passed by Congress to extend the program through to September 30, 2020. However, that doesn’t mean the issues plaguing the NFIP are solved ­­– far from it, in fact. If the Biggert-Waters Flood Insurance Reform Act of 2012 had been successfully implemente...

Insurance Technology

Socotra | October 28, 2022

Socotra, the modern core platform provider for innovative insurers, today announced that KOBA Insurance, an insurtech MGA pioneering usage-based insurance products in Australia, is migrating its insurance program onto the Socotra policy core platform. Currently, KOBA is one of the first insurers to offer pay-per-kilometer personal auto insurance in Australia. Since launching nationwide last November, KOBA is rapidly evolving the car insurance narrative; growing 50% month-on-month,...

Core Insurance,Insurance Technology

K2 Insurance Services | December 02, 2022

K2 Insurance Services ("K2"), a leading independent specialty insurance program manager, today announced that Warburg Pincus, a leading global growth investor, has agreed to acquire the company from Lee Equity Partners, LLC ("Lee Equity") a growth oriented middle market private equity firm. The investment will support K2's continued growth strategy, including M&A and de-novo incubation, and its commitment to offering best-in-class services to clients. Terms of the tra...