China Life Insurance announces resignation of finance chief

Insurance Business Magazine | July 11, 2019

China Life Insurance has announced the resignation of Zhao Lijun as person in charge of finance (equivalent to chief financial officer). The resignation, which took effect on July 08, was due to an adjustment in the management division, a statement from China Life said. “[China Life] would like to express its gratitude to Mr Zhao Lijun for his contribution to the company during his tenure of service as the person in charge of finance,” the insurer added. Meanwhile, Zhao Peng was nominated as the next person in charge of finance during a meeting of China Life’s board. The Beijing Bureau of the China Banking and Insurance Regulatory Commission (CBIRC) has given its approval to Zhao’s nomination.

Spotlight

This report provides a comprehensive assessment of climate change and its impacts on agriculture1 in the Eastern (Egypt, Israel, Jordan, Lebanon and Palestine) and Western (Algeria, Morocco and Tunisia) countries of the Southern Mediterranean, as well as the policy measures currently in place, as identified from publicly available data. The sector, on average, currently represents about 7.3% of total GDP in the region (ranging from about 1% in Israel up to over 13% in Morocco)2 and is projected to increase by about 1.5% per year, mainly through productivity improvements3.

Spotlight

This report provides a comprehensive assessment of climate change and its impacts on agriculture1 in the Eastern (Egypt, Israel, Jordan, Lebanon and Palestine) and Western (Algeria, Morocco and Tunisia) countries of the Southern Mediterranean, as well as the policy measures currently in place, as identified from publicly available data. The sector, on average, currently represents about 7.3% of total GDP in the region (ranging from about 1% in Israel up to over 13% in Morocco)2 and is projected to increase by about 1.5% per year, mainly through productivity improvements3.

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AUTOMOBILE INSURANCE

Greater Than's Artificial Intelligence Will Revolutionise Auto Insurance Underwriting

Greater Than | June 22, 2021

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INTELLECTUAL PROPERTY

Fathom Holdings Subsidiary, Encompass Lending Group, Acquires Cornerstone First Financial

Fathom Realty | February 16, 2022

Fathom Holdings Inc. (NASDAQ: FTHM), a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings for brokerages and agents, today announced that its subsidiary, Encompass Lending Group, has acquired Washington, D.C.-based Cornerstone First Financial, a residential mortgage lender. The acquisition is expected to be immediately accretive. Other terms of the transaction were not disclosed. Cornerstone First Financial provides a full range of residential lending solutions to individuals and families, offering mortgages for home purchase, debt consolidation and refinancing, as well as home loans for veterans and first-time home buyers. An equal housing lender, Cornerstone First Financial operates in multiple key markets including California, Colorado, Florida, Georgia, Maryland, Pennsylvania, Virginia, and Washington, D.C. "I'm excited to welcome Cornerstone to our Fathom family. Mark Livingstone and his team bring a unique expertise to Encompass Lending, and once implemented across many of our markets, could significantly bring more mortgage business to our loan officers, I look forward to fulfilling new lead generation strategies that benefit each of our mortgage, real estate, title and insurance businesses, and as we integrate mortgage lending deeper into our technology platform, we believe we can take this opportunity to an even greater level. When we acquired Encompass Lending in April 2021, I stated that I believed the acquisition could help us attract additional successful mortgage teams and smaller lending operations to our company. I am pleased to prove that statement true through this acquisition of Cornerstone First Financial." -Josh Harley, Fathom Holdings' founder and CEO. Recognized by Washingtonian Magazine as one of the top mortgage professionals in Washington, D.C., and a popular radio and podcast personality, Mark Livingstone founded Cornerstone First Financial in 2001 based on ethics-driven principles and an ongoing commitment of providing value and service to clients through education and awareness. "We are thrilled to add Cornerstone First Financial to the Encompass Lending family, The acquisition enhances our lending platform and adds to our already growing footprint. We are excited to expand the Cornerstone First Financial model beyond being 'the voice' of mortgage lending in Washington, D.C. to being the voice of mortgage lending in the United States." -Sean Varin, president, Encompass Lending Group. About Fathom Holdings Inc. Fathom Holdings Inc. is a national, technology-driven, real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings to brokerages and agents by leveraging its proprietary cloud-based software, intelliAgent. The Company's brands include Fathom Realty, Dagley Insurance, Encompass Lending, intelliAgent, LiveBy, Real Results, and Verus Title.

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Roamly and Wheelbase Partner to Bring New Digital RV Insurance Offerings to Professional Rental Operators

Wheelbase | January 27, 2022

The insurtech company Roamly today announced its new professional insurance product for the rapidly growing market of professional RV rental companies worldwide. Wheelbase, the professional software product for RV fleet operators, will now embed Roamly into its software to make insurance painless, simple, and economical. New, tailored RV insurance product brings digital insurance to commercial RV operations. The new partnership offers Roamly, the only tailored RV insurance product, directly to commercial RV rental operators, tour companies, and booking agencies. In addition, Roamly is made available directly from the software for any consumer who books trips and vacations through a rental company utilizing the Wheelbase software. With embedded digital insurance, commercial RV operators and their customers no longer have to navigate insurance solutions that can be costly, cumbersome, and complex. Roamly also includes trip cancellation coverage and interior damage coverage for renters – making for a seamless and worry-free vacation for travelers. Roamly also provides benefits that reimburse the traveler for unused, prepaid, and non-refundable insured travel arrangements. "With the growth of commercial RV rental operations worldwide stemming from an environment where people want to travel, as well as the dominant position that Wheelbase enjoys in the professional market, this partnership made logical sense for consumers who want an easy-to-book and fully protected trip without the arduous task of sorting out insurance with agents and brokers," - Roamly's Chief Insurance Officer Aaron Ammar. Now consumers have a way to protect their trips, and fleet operators can focus on customer operations without chasing insurance products through insurance carriers, which are commonly expensive and complex to purchase. Operators utilizing Wheelbase software and Roamly insurance include Road Adventures by Mark Wahlberg, a rapidly expanding RV rental business in Ohio partially owned by Hollywood actor Mark Wahlberg. "When you dive into the RV rental business, it is a priority for your fleet to be insured both during and outside of rentals to mitigate all risks, It can be a bit gut wrenching to hand your keys over to a stranger, and hope they will properly care for your unit. However, utilizing Roamly insurance for both our renters and our company has cultivated a peace of mind for us. The transition was seamless and simple, and the Wheelbase team was there to help every step of the way." -Chris Haydocy, Managing Member of Road Adventures by Mark Wahlberg. In 2021, more than 240 new companies started using Wheelbase software to run their business – amounting to roughing one new RV rental business onboarded every other day. Roamly has grown rapidly over the past year. Having recently come out of beta, it's already produced more than $7M in written premium. About Roamly Roamly is the first RV-focused insurtech in the world, unlocking RV insurance to make owners' vehicles 'rent ready.' Roamly provides unique digital insurance products that eliminate the commercial use exclusion clause that prohibits online renting activity. Our insurance provides the clarity that owners need to ensure their vehicles which are affirmatively allowed to be rented on platforms like Outdoorsy. For more information, visit www.roamly.com. About Wheelbase Wheelbase is the RV industry's most powerful fleet management and rental software that streamlines the way small, medium, and large RV businesses operate. Wheelbase provides RV rental companies with a cloud-based complete suite of rental management tools to optimally run businesses from the first point of customer contact to key return. The software provides rental companies with fleet management, payment processing, web hosting, online booking, insurance protection for domestic and international renters — all from one simple dashboard. The software is used by 1,000+ companies in the US, Canada, Australia and throughout Europe.

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