Prior to its release of initial public offerings (IPO), Chinese online insurance firm Waterdrop Inc. is receiving some scrutiny from the China Banking and Insurance Regulatory Commission (CBIRC), reported Reuters. The pushback is caused by its supposedly risky business...
On May 7, 2021, AIG tops the first-quarter revenue target. Good results in its insurance policies and life and retirement divisions offset the impact of storms and coronavirus-related casualty cases.
In the third quarter, the firm earned $73 million in...
According to S&P Global Ratings’ recent report, global multiline insurers have lost US$8 billion in 2020 as a result of the COVID-19 pandemic.
S&P Global Ratings tracked and calculated the net income for 16 GMIs. That income dropped by approximately...
Oyen, a Malaysia-based digital pet healthcare insurance company, has secured RM1.7 million in a seed funding round led by Hustle Fund. Other global investors that joined the funding include executives of Facebook, Airbnb, and Rocket Internet.
The funds will be...
To protect companies from the cyberattack’s financial consequences, including the expenses of addressing the issues, cyber insurance is created.
However, critics claim that insurance enables victims of ransomware to just make payments for the ransom instead of having proper cybersecurity...
Bolttech, a global InsurTech firm, has raised $180 million in a Series A funding round. The company, which debuted in Asia in 2020, now values over $1 billion, putting it on unicorn status.
Tony Fadell, Future Shape Principal, B. Riley...
MetLife, Inc., a financial services company, has introduced new pet insurance intending to expand pet insurance coverage and meet the diverse financial demands of pet owners.
MetLife's pet insurance provides a variety of benefits at very low prices for dogs...
Cancellation expenses of tourists who are instructed to self-isolate due to a close Covid-19 contact will not be covered by several travel insurance policies.
According to Defaqto, analysts of insurance data, the expense of vacations that are canceled if the...
Breeze, an insurtech business located in Omaha, has raised $10 million in a Series A round to further its objective of protecting Americans during their most financially difficult stage.
Northwestern Mutual Future Ventures, Silicon Valley Bank, M25, Fiat Ventures, and...
APOLLO Insurance, Canada's leading global insurance company, has teamed with LetUs by RentMoola to provide tenants and landlords with quick access to digital insurance solutions that are specially customized to the thousands of visitors to their website every month.
Through...
