Insurance

Sapiens Joins Forces with LifeScore Labs to Innovate Life Insurance Underwriting

Thursday, December 3, 2020 - 1:05pm

HOLON, Israel, Dec. 3, 2020 /PRNewswire/ -- Sapiens International Corporation , (NASDAQ:SPNS)and (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today a partnership with LifeScore Labs , a wholly owned insurtech subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual), to offer life insurers advanced machine learning capabilities for more accurate risk assessment and underwriting.

Key Points: 
  • HOLON, Israel, Dec. 3, 2020 /PRNewswire/ -- Sapiens International Corporation , (NASDAQ:SPNS)and (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today a partnership with LifeScore Labs , a wholly owned insurtech subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual), to offer life insurers advanced machine learning capabilities for more accurate risk assessment and underwriting.
  • The automation provided by LifeScore Labs improves risk assessment, reduces underwriting costs and improves efficiency while delivering a better customer experience.
  • "ML, AI and big data are transforming insurance underwriting as we know it," said Roni Al-Dor, President and CEO at Sapiens.
  • LifeScore Labs delivers a toolkit of data-driven risk-scoring models that make underwriting more efficient while generating results that are easier to interpret for both insurers and consumers.

Sapiens Joins Forces with LifeScore Labs to Innovate Life Insurance Underwriting

Thursday, December 3, 2020 - 1:05pm

The automation provided by LifeScore Labs improves risk assessment, reduces underwriting costs and improves efficiency while delivering a better customer experience.

Key Points: 
  • The automation provided by LifeScore Labs improves risk assessment, reduces underwriting costs and improves efficiency while delivering a better customer experience.
  • "ML, AI and big data are transforming insurance underwriting as we know it," said Roni Al-Dor, President and CEO at Sapiens.
  • Sapiens UnderwritingPro provides a complete Straight-Through Processing (STP) underwriting environment with its intuitive user interface, real-time dashboard, sophisticated rules engine, and advanced workflow and analytics.
  • LifeScore Labs delivers a toolkit of data-driven risk-scoring models that make underwriting more efficient while generating results that are easier to interpret for both insurers and consumers.

First American Title and Lone Wolf Technologies integrate to offer title insurance orders directly to 1.4 million real estate agents in the U.S.

Thursday, December 3, 2020 - 1:00pm

Partnership to bring digital title insurance orders directly to 1.4 million real estate agents in the U.S.

Key Points: 
  • Partnership to bring digital title insurance orders directly to 1.4 million real estate agents in the U.S.
    With this integration, real estate agents using Lone Wolf Transactions will be able to complete digital title orderswith their local First American Title office.
  • "It's more important than ever for real estate professionals to conduct business digitally," said Jimmy Kelly, president and CEO of Lone Wolf.
  • "Marketplace's purpose is to revolutionize the real estate transaction experience," said Jason Cheverton, vice president of strategic channels at Lone Wolf.
  • First American Title provides comprehensive title insurance coverage and professional services for real estate purchases, construction, refinances and equity loans.

Hunton Andrews Kurth Expands National Insurance Coverage Practice With Leading Insurance Recovery Partner Koorosh Talieh

Thursday, December 3, 2020 - 1:00pm

Washington, D.C., Dec. 03, 2020 (GLOBE NEWSWIRE) -- Koorosh Talieh (KT), a nationally recognized trial lawyer with more than three decades of experience handling complex commercial insurance disputes, has joined Hunton Andrews Kurth LLP as a partner in Washington, D.C.

Key Points: 
  • Washington, D.C., Dec. 03, 2020 (GLOBE NEWSWIRE) -- Koorosh Talieh (KT), a nationally recognized trial lawyer with more than three decades of experience handling complex commercial insurance disputes, has joined Hunton Andrews Kurth LLP as a partner in Washington, D.C.
    KT joins the firms insurance coverage practice from Perkins Coie LLP, where he was a partner.
  • KTs outstanding national reputation as a trial lawyer and his experience representing clients in a range of high stakes business insurance disputes perfectly complement the existing strengths of our coverage practice and provides us with important additional subject matter depth as our national insurance coverage practice continues to expand, said Walter Andrews , head of Hunton Andrews Kurths insurance coverage practice.
  • Some of his notable representations include:
    Represented a heavy equipment manufacturer in a mass tort asbestos bodily injury insurance coverage action under certain general liability insurance policies.
  • Hunton Andrews Kurths insurance coverage practice has decades of experience helping policyholders maximize insurance recoveries through insurance program reviews, claims presentation and negotiation, litigation, alternate dispute resolution, trials and appeals.

UnitedHealthcare Awards Nearly $100,000 in Community Builder Grants to Six Community Organizations in Michigan

Thursday, December 3, 2020 - 12:58pm

Amid the ongoing COVID-19 pandemic UnitedHealthcare Community Plan of Michigan has awarded nearly $100,000 in Community Builder Grants to six community organizations aimed at improving access to health care services and addressing social determinants of health.

Key Points: 
  • Amid the ongoing COVID-19 pandemic UnitedHealthcare Community Plan of Michigan has awarded nearly $100,000 in Community Builder Grants to six community organizations aimed at improving access to health care services and addressing social determinants of health.
  • Through the Community Builder Grant program, we are investing in community partnerships designed to break down barriers to health care services and improve quality of life among underserved populations, said Dennis Mouras, CEO, UnitedHealthcare Community Plan of Michigan.
  • Northeast Michigan Community Service Agency (NEMCSA) $10,000 for Alpena-based Northeast Michigan Community Service Agency to provide gap funding for emergency needs among community members in 11 northeast Michigan counties.
  • NEMCSA is grateful for the generosity of UnitedHealthcare, said Lisa Bolen, executive director and CEO, Northeast Michigan Community Service Agency.

Marsh & McLennan Agency Acquires INSPRO

Thursday, December 3, 2020 - 1:00pm

Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced the acquisition of INSPRO, a leading, full service, independent agency in Nebraska.

Key Points: 
  • Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced the acquisition of INSPRO, a leading, full service, independent agency in Nebraska.
  • Randall Eikmeier, Chairman and CEO at INSPRO, will lead local offices, along with current President, Samuel Gifford and Chief Operating Officer, Jeffrey Jorgensen.
  • Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market.
  • Marsh is a business of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people.

Noblr Car Insurance Launches In Pennsylvania

Thursday, December 3, 2020 - 11:55am

SAN FRANCISCO, Dec. 3, 2020 /PRNewswire/ --Behavior-based car insurance company Noblr is now available in Pennsylvania.

Key Points: 
  • SAN FRANCISCO, Dec. 3, 2020 /PRNewswire/ --Behavior-based car insurance company Noblr is now available in Pennsylvania.
  • Noblr provides an app-powered, personalized car insurance experience that rewards members' good driving behaviors with continuous, real-time competitive rates.
  • "We're excited to launch in our seventh state, and to bring an empowering car insurance experience to drivers across Pennsylvania," said Gary Tolman, Noblr Co-founder & CEO.
  • This makes Noblr unique in the market because it's the only car insurance product that rates in real time for the duration of the policy.

Berkshire Hathaway Inc. News Release

Thursday, December 3, 2020 - 11:45am

The 2021 Berkshire Hathaway Inc.

Key Points: 
  • The 2021 Berkshire Hathaway Inc.
  • Therefore, the format for the 2021 meeting will be very similar to the virtual meeting that we held earlier this year including worldwide streaming provided by Yahoo.
  • We hope that the 2021 meeting will be the last time that shareholders are unable to attend in person.
  • Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retailing and services.

United Arab Emirates (UAE) Life Insurance Market, Key Trends and Opportunities Report 2020-2023 - ResearchAndMarkets.com

Thursday, December 3, 2020 - 10:27am

The "United Arab Emirates (UAE) Life Insurance - Key trends and Opportunities to 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "United Arab Emirates (UAE) Life Insurance - Key trends and Opportunities to 2023" report has been added to ResearchAndMarkets.com's offering.
  • 'United Arab Emirates (UAE) Life Insurance - Key trends and Opportunities to 2023' report provides in-depth market analysis, information and insights into The UAE life insurance segment.
  • It offers a detailed analysis of the key categories in The UAE life insurance segment, and market forecasts to 2023.
  • It profiles the top life insurance companies in The United Arab Emirates and outlines the key regulations affecting them.

EneRate Credit Cover® awarded "New Underwriting Product of the Year" by Insurance Insider

Thursday, December 3, 2020 - 10:00am

BOSTON, Dec. 3, 2020 /PRNewswire-PRWeb/ -- Energetic Insurance , an insurtech firm based in Boston, announced that its EneRate Credit Cover product was selected as the New Underwriting Product of the Year.

Key Points: 
  • BOSTON, Dec. 3, 2020 /PRNewswire-PRWeb/ -- Energetic Insurance , an insurtech firm based in Boston, announced that its EneRate Credit Cover product was selected as the New Underwriting Product of the Year.
  • The EneRate Credit Cover product was selected among other innovative products chosen as finalists for the award by a panel of senior executives in the insurance industry.
  • Our first product, EneRate Credit Cover, unlocks solar project financing for unrated and below investment grade counter parties by covering counterparty credit risk.
  • EneRate Credit Cover and other insurance policies are issued by RE3 Energetic Insurance Solutions, LLC, a wholly owned subsidiary of Energetic Insurance, Inc.