Allianz

Next Generation of Innovative Insurtech Companies to Join Accelerator

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Tuesday, August 16, 2022 - 7:28pm

The accelerator selected these five companies from more than 500 insurtech and fintech startups from across the world that applied to the program, making the selection process extremely competitive.

Key Points: 
  • The accelerator selected these five companies from more than 500 insurtech and fintech startups from across the world that applied to the program, making the selection process extremely competitive.
  • The Minneapolis-St. Paul based OnRamp Insurance Accelerator is a hybrid accelerator, which includes both in-person and virtual elements.
  • Each startup will receive a $100,000 investment and will work with gener8tor, Allianz Life and Securian Financial teams during the three-month accelerator.
  • Each year, the OnRamp Insurance Accelerator , with Allianz Life and Securian Financial, invests in five insurtech startups who participate in a three-month, concierge accelerator program in Minneapolis-St. Paul (hybrid).

Coalition Completes Acquisition of Insurance Carrier With Licenses In All 50 States

Retrieved on: 
Monday, August 15, 2022 - 2:00pm

SAN FRANCISCO, Aug. 15, 2022 /PRNewswire/ -- Coalition, the world's first Active Insurance provider designed to prevent digital risk before it strikes, announced today that it has received regulatory approval and completed the acquisition of Digital Affect Insurance Company from Munich Re Digital Partners US Holding Corporation. Digital Affect Insurance Company is a property and casualty insurer licensed in all 50 states. 

Key Points: 
  • Digital Affect Insurance Company is a property and casualty insurer licensed in all 50 states.
  • The acquisition will allow Coalition to offer insurance policies through its own admitted insurance carrier.
  • "This strategic move empowers Coalition to expand the reach of our market leading active cyber insurance offering together with other admitted insurance products," said Shawn Ram, Head of Insurance for Coalition.
  • Coalition now serves over 160,000 customers with Active Cyber Insurance, Active Executive Risks Insurance, P&C insurance, and cybersecurity capabilities.

ALLIANZ PARTNERS EXHIBITS AT 2022 GBTA CONVENTION

Retrieved on: 
Friday, August 12, 2022 - 3:00pm

RICHMOND, Va., Aug. 12, 2022 /PRNewswire/ -- Allianz Partners USA, a leader in travel insurance and travel assistance, will exhibit at the Global Business Travel Association convention scheduled for August 14 to 17 in San Diego. This is Allianz Partners' first time exhibiting at the annual conference, which is expected to draw thousands of travel industry professionals at its 53rd iteration. The company is attending the event to provide information to attendees on travel protection products that offer travel brands increased customer satisfaction and brand loyalty as well as significant opportunities for ancillary revenue.

Key Points: 
  • "We're thrilled to be exhibiting at the 2022 Global Business Travel Association's annual convention," said Richard Aquino, Vice President and Head of Sales at Allianz Partners USA.
  • Allianz Partners is located at booth 2050, directly across from the SkyTeam + Delta Partners booth.
  • About Allianz Partners:In the United States, Allianz Partners USA (AGA Service Company) offers Allianz Travel-branded travel protection plans and serves millions of customers each year.
  • Allianz Partners USA is part of the Allianz Partners group.

WEBFLOW NAMED TO 2022 FORBES CLOUD 100 FOR THIRD STRAIGHT YEAR

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Tuesday, August 9, 2022 - 6:48pm

SAN FRANCISCO, Aug. 9, 2022 /PRNewswire/ -- Webflow, the leading visual development platform for building powerful no-code websites, today has been named to the Forbes 2022 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures. Webflow was recognized as the #50 company on the list, up from #69 in 2021 and #95 in 2020.

Key Points: 
  • SAN FRANCISCO, Aug. 9, 2022 /PRNewswire/ -- Webflow, the leading visual development platform for building powerful no-code websites, today has been named to the Forbes 2022 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures .
  • For the seventh straight year, the Cloud 100 reviews submissions from hundreds of cloud startups and private companies each year.
  • "Despite the market correction in 2022, our confidence in the cloud economy continues to growtoday over 70% of the 2022 Cloud 100 Honorees have reached or exceeded $100 million in annual recurring revenue making them cloud Centaurs.
  • The Forbes 2022 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100 .

Growing Number of SMEs See Themselves “Too Small” for Insurance, Says Brisco Business Insurance

Retrieved on: 
Tuesday, August 9, 2022 - 2:00pm

Many SMEs reduced their coverage during lockdown, but interestingly many decided not to increase it when business picked up again, says Dean Laming, director of Brisco Business Insurance.

Key Points: 
  • Many SMEs reduced their coverage during lockdown, but interestingly many decided not to increase it when business picked up again, says Dean Laming, director of Brisco Business Insurance.
  • Brisco Business Insurance now has an insurance platform for SMEs to compare company policies from top insurance firms, supplying quotes for over 1,500 various trades for seven sectors: property owners insurance, shop insurance, office insurance, surgery insurance, pub insurance, restaurant insurance, and tradesman insurance.
  • The insurance brokerage offers SMEs packages that cover all aspects of business, including public liability insurance , employees liability insurance, product liability insurance, and professional indemnity insurance.
  • To find out more about what Brisco Business Insurance can offer for small and medium businesses, visit https://briscobusinessinsurance.co.uk/ .

United Kingdom (UK) Pet Insurance Market Report 2022: Growth Expected to Continue Through 2025 - ResearchAndMarkets.com

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Monday, August 8, 2022 - 4:26pm

The "United Kingdom (UK) Pet Insurance Market Analysis and Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "United Kingdom (UK) Pet Insurance Market Analysis and Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
  • This report analyzes the UK pet insurance market, looking at market size as well as changes in premiums, claims, medical costs, and pet ownership.
  • It discusses competitors in the market, explores how the market is likely to change, identifies opportunities in the pet insurance space, and provides future forecasts of market size up to 2025.
  • The pet insurance market experienced a 6.4% increase in gross written premiums (GWP), reaching a value of 1.3bn in 2020.

Blue Cross and Blue Shield of Minnesota Announces Two Appointees to Board of Trustees

Retrieved on: 
Monday, August 8, 2022 - 4:00pm

EAGAN, Minn., Aug. 8, 2022 /PRNewswire/ -- Blue Cross and Blue Shield of Minnesota (Blue Cross) today announced the appointments of Jasmine Jirele and Jim Pekarek to its Board of Trustees. Jirele is the president and CEO of Allianz Life Insurance Company of North America (Allianz Life), a leading provider of fixed index annuities, registered index-linked annuities and fixed index universal life insurance and part of Allianz SE, a global leader in the financial services industry. Pekarek is the executive vice president and chief financial officer at Agiliti, a Minneapolis-based medical equipment and health care company.  

Key Points: 
  • EAGAN, Minn., Aug. 8, 2022 /PRNewswire/ -- Blue Cross and Blue Shield of Minnesota (Blue Cross) today announced the appointments of Jasmine Jirele and Jim Pekarek to its Board of Trustees.
  • Pekarek is the executive vice president and chief financial officer at Agiliti, a Minneapolis-based medical equipment and health care company.
  • "Our board of directors is well-positioned to enable our strategic priorities with the addition of these two leaders, both of whom are well known and widely respected for their business acumen and community service," said Dana Erickson, president and CEO of Blue Cross and Blue Shield of Minnesota.
  • Blue Cross and Blue Shield of Minnesota is an independent licensee of the Blue Cross and Blue Shield Association.

DGAP-News: Allianz SE: Allianz achieves 3.5 billion EUR operating profit in 2Q - Group confirms full-year outlook

Retrieved on: 
Friday, August 5, 2022 - 7:01am

2Q 2022: Operating profit increased 5.3 percent to 3.5 (3.3) billion euros, driven by improved underwriting and investment results in the Property-Casualty segment.

Key Points: 
  • 2Q 2022: Operating profit increased 5.3 percent to 3.5 (3.3) billion euros, driven by improved underwriting and investment results in the Property-Casualty segment.
  • 6M 2022: Operating profit increased 1.2 percent to 6.7 (6.7) billion euros, driven by higher operating profit in the Property-Casualty and Asset Management business segments.
  • We confirm our full-year outlook of operating profit of 13.4 billion euros, plus or minus 1 billion euros.
  • Operating profit rose 5.2 percent to 3.0 (2.9) billion euros, largely driven by a significantly higher operating investment result.

NBA Champion Dwight Howard Launches Jayde Life Investment Group

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Thursday, August 4, 2022 - 2:00pm

ATLANTA, Aug. 04, 2022 (GLOBE NEWSWIRE) -- NBA Champion Dwight Howard launches Jayde Life Investment Group, a life insurance firm located in the Buckhead area of Atlanta, Georgia.

Key Points: 
  • ATLANTA, Aug. 04, 2022 (GLOBE NEWSWIRE) -- NBA Champion Dwight Howard launches Jayde Life Investment Group, a life insurance firm located in the Buckhead area of Atlanta, Georgia.
  • "Jayde Life has positioned itself as the go-to agency for financial education and tax-free investment strategies," states Kim M. Braud, Jayde Life Managing Partner.
  • Jayde Life Investment Group is a life insurance firm founded by NBA Champion Dwight Howard.
  • Jayde Life Investment Group is a privately owned company.

TRUST IN AND USE OF SHARING ECONOMY REBOUNDS IN 2022 AS CONSUMER TRAVEL SOARS

Retrieved on: 
Tuesday, August 2, 2022 - 5:45pm

RICHMOND, Va., Aug. 2, 2022 /PRNewswire/ -- The sharing economy industry shifted dramatically in 2020 when the COVID-19 pandemic hit, impacting ride-share services and non-traditional lodging businesses. Now that travel has returned with a vengeance in the Summer of 2022, Americans have jumped back into the sharing economy with both feet. 

Key Points: 
  • Now that travel has returned with a vengeance in the Summer of 2022, Americans have jumped back into the sharing economy with both feet.
  • The travel and assistance company found that yearly earnings significantly affect the likelihood of using shared economy as well.
  • Americans who make more than $100K annually are more likely to use sharing economy compared to those who make less than $50K (55% vs. 40% respectively).
  • Allianz Partners offers travel insurance through most major U.S. airlines, leading travel agents, online travel agencies, hotel companies, cruise lines and directly to consumers.