AXA launches bots to assist claims and liability teams
French insurance major AXA has launched new artificial intelligence-(AI-)-powered bots to help its customer property claims, commercial property and liability…
Month: January 2019
Anbang Insurance plans to offload domestic health insurance business
Beijing-based Anbang Insurance Group is reportedly planning to divest its domestic insurance operations Hexie Health Insurance to Fujia Group as…
Pluto targets millennials with simple travel insurance policy
Pluto aims to decrease the number of millennials going abroad without travel insurance by selling “insurance for people who don’t…
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Global cyber attack could be catastrophic with expected losses of up to $200bn, says report
A planned global cyberattack caused by ransomware has potential to wreak havoc on the global economy with potential losses hitting…
Allianz introduces AI-based injury claims management system
Allianz Insurance has rolled out its latest artificial intelligence (AI)-based digital solution that allows its injury claims handlers to automate…
Chinese insurer Union Life plans to divest controlling stake
Union Life Insurance is reportedly considering to divest a majority stake that is expected to elicit interest from AIA and…
Protective Life to buy Great-West life/annuity business for $1.2bn
Protective Life Corporation, a wholly owned US subsidiary of Dai-ichi Life, has agreed to purchase via reinsurance all of Great-West…
CVS Health’s Aetna signs reinsurance protection deal with Vitality Re X
Aetna, the insurance business of American retail pharmacy chain CVS Health, has signed a four-year reinsurance arrangement with Vitality Re…