Types of insurance

Guros Receives $5.8M USD in Seed Funding to Accelerate the Digitization of the Insurance Industry in Latin America

Retrieved on: 
Wednesday, July 28, 2021
Technology, Professional services, Automotive, Transportation, General Automotive, Travel, Other Transport, Trucking, Transport, Other Technology, Software, Retail, Internet, Insurance, Electronic design automation, Data management, Office Products, Types of insurance, Insurance, Vehicle insurance, Business law, Economy, Service industries, InsWeb, Expatriate insurance

Guros allows consumers to gain control over their insurance policies, regardless if they are a Guros policyholder or not.

Key Points: 
  • Guros allows consumers to gain control over their insurance policies, regardless if they are a Guros policyholder or not.
  • In under one minute, Guros enables individual insurance buyers to receive an auto insurance quote and compare between leading insurance products in a fully digital environment.
  • In the last 12 months, at a time when the auto insurance industry was impacted by the pandemic, we grew +580%.
  • Guros is a digital insurance marketplace in Mexico thats transforming the entire insurance experience, from purchasing to managing vehicle insurance.

Tuman Global Solutions A Division of Trawick International Announces a New Insurance Industry Partnership with Hotspot Cover

Retrieved on: 
Wednesday, July 28, 2021
Insurance, Types of insurance, Health insurance, Travel insurance, Critical illness insurance, The Travelers Companies

"The offering that Hotspot Cover and Tuman Global Solutions will provide travelers is a rare opportunity in the insurance industry," said Dan Tuman, CEO, Tuman Global Solutions.

Key Points: 
  • "The offering that Hotspot Cover and Tuman Global Solutions will provide travelers is a rare opportunity in the insurance industry," said Dan Tuman, CEO, Tuman Global Solutions.
  • Hotspot Cover will provide travel insurance, medical insurance, and terrorism coverage for areas typically excluded on most travel insurance policies.
  • "Hotspot Cover's comprehensive travel insurance combined with Tuman Global Solutions' commercial insurance abilities is a game-changer for international organizations," said Mark Butler, CEO, Hotspot Cover.
  • In addition, Tuman Global Solutions will provide comprehensive personal insurance plans for expatriates ranging from Personal Accident Insurance to Critical Illness Insurance.

PCF Insurance Services Continues Industry-Leading Growth With Gordon Insurance Partnership

Retrieved on: 
Wednesday, July 28, 2021
Types of insurance, Insurance, Home insurance

SALT LAKE CITY, July 28, 2021 /PRNewswire-PRWeb/ --PCF Insurance Services (PCF) announced the completion of a strategic partnership with Gordon Insurance, located in Redwood City, California.

Key Points: 
  • SALT LAKE CITY, July 28, 2021 /PRNewswire-PRWeb/ --PCF Insurance Services (PCF) announced the completion of a strategic partnership with Gordon Insurance, located in Redwood City, California.
  • Gordon Insurance specializes in a majority of commercial lines and has niche product offerings such as apartment building insurance, HOA insurance, and high-value homes.
  • David Gordon, founder, owner, and agency principal of Gordon Insurance will continue to lead all operations for Gordon Insurance while becoming an owner and partner of PCF Insurance Services.
  • Gordon brings extensive experience in the industry and has achieved great success in growing Gordon Insurance since its founding in 1997.

AM Best to Host Briefing on How Market Forces Are Driving Interest in Captive Insurance

Retrieved on: 
Tuesday, July 27, 2021
Insurance, Professional services, Finance, Money, Economy, Types of insurance, Captive insurance, Offshore finance, Insurance, Alternative risk transfer, AM Best, Analytics, Credit rating agency

A panel of AM Best analysts and industry leaders will discuss the state of the captive insurance market and the regulatory and risk issues affecting the captive sector at AM Bests Captive Market Briefing, which will take place on Aug. 4 at 2:00 p.m. (EDT).

Key Points: 
  • A panel of AM Best analysts and industry leaders will discuss the state of the captive insurance market and the regulatory and risk issues affecting the captive sector at AM Bests Captive Market Briefing, which will take place on Aug. 4 at 2:00 p.m. (EDT).
  • They also will discuss market trends affecting the sector, including the impacts from COVID-19 and hard market conditions in the commercial lines insurance sector on uses and formations, as well as opportunities to grow into new lines of business.
  • For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

CopperPoint Names Kris Mathis Chief Workers' Compensation Claims Officer

Retrieved on: 
Tuesday, July 27, 2021
Insurance, Types of insurance, Actuarial science, Liberty Mutual, Mutual insurance, Safeco, Workers' compensation

PHOENIX, July 27, 2021 /PRNewswire/ -- CopperPoint Insurance Companies, a western-based commercial insurance company, today announced that Kris Mathis has been appointed Senior Vice President and Chief Workers' Compensation Claims Officer.Mathis will succeed Ginny Arnett Caro who plans to retire at year-end after 21 years with the company.

Key Points: 
  • PHOENIX, July 27, 2021 /PRNewswire/ -- CopperPoint Insurance Companies, a western-based commercial insurance company, today announced that Kris Mathis has been appointed Senior Vice President and Chief Workers' Compensation Claims Officer.Mathis will succeed Ginny Arnett Caro who plans to retire at year-end after 21 years with the company.
  • In this role, Mathis will oversee all workers' compensation claims operations for the enterprise.
  • Prior to CopperPoint, Mathis served in a progression of managerial and executive leadership positions in claims and field services for insurance carriers including SAFECO, CompWest, SeaBright and the Liberty Mutual Group.
  • CopperPoint Mutual Insurance Holding Company is the corporate parent of CopperPoint Insurance Companies, Pacific Compensation Insurance Company and Alaska National Insurance Company.

LifeSecure Insurance Company Expands Portfolio with Simplified Issue Final Expense and Term Life Insurance Products

Retrieved on: 
Tuesday, July 27, 2021
Insurance, Types of insurance, Life insurance, Term life insurance

BRIGHTON, Mich., July 27, 2021 /PRNewswire/ -- Today, LifeSecure Insurance Company announced a strategic partnership with iptiQ to simplify the life insurance buying experience by launching simplified issue final expense and term life insurance products.

Key Points: 
  • BRIGHTON, Mich., July 27, 2021 /PRNewswire/ -- Today, LifeSecure Insurance Company announced a strategic partnership with iptiQ to simplify the life insurance buying experience by launching simplified issue final expense and term life insurance products.
  • *The final expense and term life insurance products are both underwritten by iptiQ's insurance carrier, Lumico Life Insurance Company.
  • Based in Brighton, Mich., LifeSecure Insurance Company is dedicated to its mission of delivering an exceptional insurance experience.
  • The company offers supplemental health, long term care and life insurance products.

2021 Outstanding CSR Of The Year State Winners Announced

Retrieved on: 
Tuesday, July 27, 2021
Insurance, Types of insurance

AUSTIN, Texas, July 27, 2021 /PRNewswire/ --Each year, a group of exceptional insurance professionals are chosen by The National Alliance for Insurance Education & Research to compete for the National Outstanding CSR of the Year Award.

Key Points: 
  • AUSTIN, Texas, July 27, 2021 /PRNewswire/ --Each year, a group of exceptional insurance professionals are chosen by The National Alliance for Insurance Education & Research to compete for the National Outstanding CSR of the Year Award.
  • To be eligible for this award, candidates must be an insurance customer service representative or have primary responsibility for insurance customer service duties.Celebrating the 30th Anniversary of the Outstanding CSR of the Year Award, the competition started in 1991 to honor customer service representatives and account managers who have made significant contributions to the insurance and risk management industry as demonstrated by the following individuals.

DGAP-News: The SME bond market in the first half of 2021: significant increase in number of transactions and placement volume

Retrieved on: 
Tuesday, July 27, 2021
Finance, Money, Financial markets, Financial economics, Bond, Corporate finance, Types of insurance

The SME bond market in the first half of 2021: significant increase in number of transactions and placement volume

Key Points: 
  • The SME bond market in the first half of 2021: significant increase in number of transactions and placement volume
    The issuer is solely responsible for the content of this announcement.
  • The SME bond market in the first half of 2021: significant increase in number of transactions and placement volume
    Average coupon of 5.21% p.a.
  • These are the results of a review of the German SME bond market in the first six months of 2021 conducted by investor relations consultancy IR.on AG.
  • With nine fully placed issues (50%), the SME bond market performed significantly better than in the prior-year period (four issues; 29%).

Property & Casualty Insurers’ Q1 Net Income Grows, Profitability Ratios Worsen

Retrieved on: 
Monday, July 26, 2021
Types of insurance, Insurance, Financial services, Citizens Property Insurance Corporation, Insurance industry in China

Insurers net income after taxes increased to $20 billion in the first quarter of 2021, from $17.9 billion in the first quarter of 2020.

Key Points: 
  • Insurers net income after taxes increased to $20 billion in the first quarter of 2021, from $17.9 billion in the first quarter of 2020.
  • Insurers experienced $16.3 billion in net catastrophe LLAE for the quarter, up sharply from $6 billion in the first quarter of last year.
  • Representing nearly 60 percent of the U.S. property casualty insurance industry, the American Property Casualty Insurance Association (APCIA) promotes and protects the viability of a competitive private insurance market for the benefit of consumers and insurers.
  • APCIA represents the broadest cross section of home, auto, and business insurers of any national trade association.

Amid Wildfire Season, The Greenspan Co./ Adjusters International Launches Campaign to Encourage Homeowners to Check their Insurance Policy Twice a Year

Retrieved on: 
Monday, July 26, 2021
Insurance, Professional services, Types of insurance, Legal professions, Insurance, Economy, Service industries, Home insurance, Claims adjuster, Public adjuster

This means that typical homeowners insurance policies may not be enough to rebuild after a wildfire.

Key Points: 
  • This means that typical homeowners insurance policies may not be enough to rebuild after a wildfire.
  • Wildfire season is our new normal, and checking your insurance coverage routinely should be our new normal, too.
  • By reviewing your insurance coverage twice a year, you can verify that your policy is keeping up with the rapid cost increases.
  • To spread the word about the critical importance of reviewing your insurance policy, The Greenspan Co./ Adjusters International has launched its Check Your Insurance Twice a Year campaign.