Data analytics provider Verisk Analytics said on Aug. 21 that it has signed a definitive agreement to acquire London-based software provider Sequel from Capital and other Sequel shareholders for a purchase price of £250 million.
Allianz has agreed to acquire a 49 percent stake in LV’s general insurance business for £500mn, with the two carriers agreeing to launch a joint venture under the LV name.
Insurtech is set to disrupt an industry that is among the oldest and most complex in the world.
Subsidiary of global insurer Allianz Group, Allianz Global Corporate & Specialty (AGCS), has partnered with InsurTech firm, Visicover, and will now underwrite the company’s aircraft insurance solutions and provide the claims management service.
On Tuesday, the British Insurance Brokers’ Association (BIBA) announced it has teamed up with Insure Apps to launch a new insurtech app, called Claims Made Easy, that may reduce the average claims reporting of 23 days by up to 90%.