AXA

AXA Gulf adopts eBaoTech's Technology Enablement Platform to digitize fleet business across the region

Wednesday, October 27, 2021 - 7:00am

Following the completed acquisition of AXA's operations in the Gulf region by Gulf Insurance Group (GIG), AXA Gulf is currently in the process of becoming GIG Gulf.

Key Points: 
  • Following the completed acquisition of AXA's operations in the Gulf region by Gulf Insurance Group (GIG), AXA Gulf is currently in the process of becoming GIG Gulf.
  • As one of the largest multi-lined one-stop shop insurers in the Gulf region, AXA Gulf is embracing new technologies and concepts to create seamless and efficient user experiences for its customers and partners.
  • With the launch of its Fleet business, AXA Gulf has now become the first general insurer in the GCC region to automate processes of its Motor Fleet Business and greatly improve the connectivity with channel partners.
  • This digital transformation has allowed AXA Gulf to increase the volumes of new inquiries by 40% with a conversion ratio of 30%.

James River Announces Director Elections and Appointment

Tuesday, October 26, 2021 - 9:15pm

PEMBROKE, Bermuda, Oct. 26, 2021 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (James River or the "Company") (NASDAQ: JRVR) today announced that Patricia H. Roberts and Thomas L. Brown have been elected to its Board of Directors (the Board), and the additional appointment of Kirstin M. Gould to the Board.

Key Points: 
  • PEMBROKE, Bermuda, Oct. 26, 2021 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (James River or the "Company") (NASDAQ: JRVR) today announced that Patricia H. Roberts and Thomas L. Brown have been elected to its Board of Directors (the Board), and the additional appointment of Kirstin M. Gould to the Board.
  • We are very pleased to welcome Tom and Kirstin to our board, said J. Adam Abram, James River Non-Executive Chairman.
  • About James River Group Holdings, Ltd.
    James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of specialty insurance and reinsurance companies.
  • Visit James River Group Holdings, Ltd. on the web at www.jrgh.net.

Digital Transformations in Service of Growth are More Successful Than Those Focused on Technology and Digitalization per New Report

Tuesday, October 26, 2021 - 4:16pm

SAN FRANCISCO, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Companies that view digital transformation as simply upgrading technology to keep up with the times will be in a perpetual state of catching up according to a new report from Altimeter, the research and advisory arm of global consultancy Prophet. Companies that are achieving success with digital transformation have strategies rooted in purpose such as business growth, innovation or reinvention, rather than just improving operational efficiencies.

Key Points: 
  • The 2021 State of Digital Transformation Report identifies the key differences between the businesses that succeeded at digital transformation, and those that are still struggling.
  • Fifty-seven percent of high performers cited core business growth as their top digital transformation goal.
  • Companies less successful at digital transformation were far more focused on reducing operating costs (59%) and updating technology (53%).
  • Digital transformation strategies of successful transformation companies are led from the top with 34% saying their CEO officially owns or sponsors the digital transformation initiative.

Pacific Prime Dubai wins AXA-GIG’s “SME Rising Star” award in 2021

Tuesday, October 26, 2021 - 8:00am

Pacific Prime Dubai , a global health insurance brokerage and employee benefits specialist, is extremely delighted to announce that they have been presented with AXA-GIGs SME Rising Star award at the insurers annual broker event at the French Pavilion Expo in Dubai on 17 October, 2021.

Key Points: 
  • Pacific Prime Dubai , a global health insurance brokerage and employee benefits specialist, is extremely delighted to announce that they have been presented with AXA-GIGs SME Rising Star award at the insurers annual broker event at the French Pavilion Expo in Dubai on 17 October, 2021.
  • Laura Gerstein, Chief Employee Benefits Officer at AXA-GIG, said: During our 2021 VIP Broker event at EXPO 2020 French Pavilion, we were delighted to recognize Pacific Prime with our Rising Star SME award 2021.
  • This award reflects the substantial growth of SME group business policies that have been placed over the past 12 months.
  • David Hayes, Regional CEO at Pacific Prime Dubai, said: I would like to extend a huge congratulations to everyone on the team for this well-deserved award.

The expert.ai NL API Now Available in AWS Marketplace

Monday, October 25, 2021 - 2:00pm

The expert.ai NL API is a powerful way to structure unstructured language data leveraging deep language intelligence with minimal effort.

Key Points: 
  • The expert.ai NL API is a powerful way to structure unstructured language data leveraging deep language intelligence with minimal effort.
  • "The availability of our NL API in the AWS Marketplace expands this opportunity to more users: we are excited to offer all of the insights the NL API provides to enrich business data, understanding it in less time, at scale and in the most precise way."
  • AWS customers can quickly begin extracting insight from their unstructured language data by using the expert.ai NL API with their existing AWS account.
  • 310,000+ active AWS Marketplace customers can develop new apps or enhance their tools by using the expert.ai NL API capabilities via the catalog in AWS Marketplace.

Idomoo Signs Six New Insurance Carriers, Expanding Relationships With Other Market Leaders

Saturday, October 23, 2021 - 3:12am

Many of todays leading insurers are now using Idomoo Personalized Video to effectively communicate with their customers, driving satisfaction and sales.

Key Points: 
  • Many of todays leading insurers are now using Idomoo Personalized Video to effectively communicate with their customers, driving satisfaction and sales.
  • Personalized Video insurance campaigns have resulted in a 30% boost in retention and an 8x lift in conversions.
  • This year, insurance providers such as 21st Century Insurance, Amica Mutual Insurance, Samaritan Ministries and Travelers all partnered with Idomoo to embrace Personalized Videos as part of their communications strategy.
  • The tech company also branched into new insurance verticals this year, ranging from pet insurance to healthcare sharing to professional liability coverage.

Leading Climate Change Risk Analysis Platform Risilience Raises £6m Series A Funding Round Led by IQ Capital to Scale Net Zero Transformation for Business

Thursday, October 21, 2021 - 2:00pm

CAMBRIDGE, England, Oct. 21, 2021 /PRNewswire/ -- Risilience, the leading climate change business platform, has announced a Series A investment of 6m from international investors led by IQ Capital.

Key Points: 
  • CAMBRIDGE, England, Oct. 21, 2021 /PRNewswire/ -- Risilience, the leading climate change business platform, has announced a Series A investment of 6m from international investors led by IQ Capital.
  • The investment will be used to develop Risilience's leading analytics and SaaS platform for corporate businesses to assess their climate change risks and manage their transformation to reach net zero emissions.
  • Risilience's ambitious growth trajectory aligns well with businesses as they take action to combat climate change risks.
  • The Series A funding round included lead investor IQ Capital, insurance multinational Tokio Marine, and US MIT alumni investment fund Castor Ventures.

AXA XL Appoints Francisco Arias As Senior Underwriter, War, Terrorism & Political Violence

Thursday, October 21, 2021 - 2:00pm

NEW YORK, Oct. 21, 2021 /PRNewswire/ -- AXA XL's Crisis Management and Specialty Risk business has appointed Francisco Arias as Senior Underwriter for War, Terrorism & Political Violence .

Key Points: 
  • NEW YORK, Oct. 21, 2021 /PRNewswire/ -- AXA XL's Crisis Management and Specialty Risk business has appointed Francisco Arias as Senior Underwriter for War, Terrorism & Political Violence .
  • Based in Atlanta, Ga., Mr. Arias reports to Morgan Shrubb, Head of Terrorism in the US.
  • Commenting on the appointment, Ms. Shrubb, said: "Francisco brings specialized knowledge and excellent underwriting skills.
  • AXA XL offers worldwide insurance for assets that are exposed to war, terrorism and political violence attacks.

Idomoo Signs Six New Insurance Carriers, Expanding Relationships With Other Market Leaders

Thursday, October 21, 2021 - 2:00pm

Many of todays leading insurers are now using Idomoo Personalized Video to effectively communicate with their customers, driving satisfaction and sales.

Key Points: 
  • Many of todays leading insurers are now using Idomoo Personalized Video to effectively communicate with their customers, driving satisfaction and sales.
  • Personalized Video insurance campaigns have resulted in a 30% boost in retention and an 8x lift in conversions.
  • This year, insurance providers such as 21st Century Insurance, Amica Mutual Insurance, Samaritan Ministries and Travelers all partnered with Idomoo to embrace Personalized Videos as part of their communications strategy.
  • The tech company also branched into new insurance verticals this year, ranging from pet insurance to healthcare sharing to professional liability coverage.

AXA Gulf, A Leading Insurance Provider In The GCC, Selects GEP SMART Unified Procurement Software Platform To Transform Its Sourcing

Wednesday, October 20, 2021 - 3:15pm

GEP SMART will enable AXA GULF to manage its sourcing, contracting and supplier management.

Key Points: 
  • GEP SMART will enable AXA GULF to manage its sourcing, contracting and supplier management.
  • AXA Gulf will use GEP SOFTWARE to transform procurement and manage its entire source-to-contract (S2C) process for direct and indirect spend.
  • GEP SMART is a unified, cloud-native source-to-pay platform, built on a data-centric foundation with AI at its core and user-first design.
  • GEP SOFTWARE is part of Clark, NJ-based GEP the world's leading provider of procurement and supply chain strategy, software and managed services.