Insurance DECODED
Latest edition: 20 May 2024
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Spotlight
Erste Bank Hungary, Companjon launch new flight delay insurance
Erste Group’s subsidiary Erste Bank Hungary, in partnership with European insurtech company Companjon, has rolled out Erste Flight Delay Insurance, a novel insurance service for its customers.
Latest news
China motor insurance industry to surpass $158 billion by 2028
The motor insurance industry in China is expected to grow at a CAGR of 4.5% from CNY871.2bn ($129.1bn) in 2023 to CNY1.1trn ($171.9bn) in 2028 in terms of gross written premiums (GWP).
MDS Brazil intends to buy Brazilian broker D'Or Consultoria
MDS Brazil, a reinsurance broker subsidiary of Ardonagh-owned MDS Group, intends to acquire D'Or Consultoria, a Brazilian broker specialising in health, dental, life insurance and pensions, from insurance company Rede D’Or Sao Luiz.
Insurity, Certificate Hero tie up to lower certificate issue time
P&C cloud insurance software provider Insurity has teamed up with Certificate Hero, a software-as-a-service (SaaS) platform specialising in the management of certificates of insurance.
Brown & Brown expands UK presence with new acquisitions
Brown & Brown (Europe), a division of insurance broker Brown & Brown, has announced the acquisition of two UK-based companies to expand its retail operations.
European Mental Health Week: Insurers must improve access to mental health services
The protection insurance sector must ensure individuals have access to the mental health counselling services they offer and work towards destigmatising mental health discussions. Events such as European Mental Health Week 2024 (13–19 May) bring an opportunity for insurers to reignite client conversations and work towards mental illness prevention.
AXA XL names new chief client & distribution officer for APAC, Europe
AXA XL, a division of AXA specialising in property & casualty and specialty risk, has appointed Robert Riha as chief client & distribution officer for the Asia-Pacific and Europe regions.
Nippon Life targets global growth through more acquisitions
Nippon Life Insurance Company (Nippon Life) is actively exploring opportunities to acquire stakes in insurers and asset managers in the US and Asia, reported BNN Bloomberg.
In our previous edition
Insurance Decoded
Dutch insurer Aegon appoints new CFO and issues trading update
17 May 2024
Insurance Decoded
Allianz registers 21.8% growth in Q1 profit
16 May 2024
Insurance Decoded
UK insurance group Jensten announces business restructuring
15 May 2024
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