TDI Daily Newswire -17th Oct 2019

Published: Thu, 10/17/19

Welcome to The Digital Insurer Newswire, a daily updated selection of curated InsurTech and digital insurance news from around the web.

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Pacific Life launches advisory variable annuity through Schwab

Pacific Life has announced that Pacific Odyssey®, the company’s fee-based, advisory variable annuity, is now available to independent RIAs through Schwab Advisor Services.

COVERAGER

Applied Systems acquires Policy Works

Applied Systems announced Tuesday it has acquired Policy Works, a major platform for commercial lines business in Canada. The acquisition will extend Applied’s position within the commercial lines market segment.

CANADIAN UNDERWRITER

Sompo International Enhances Cyber Insurance Capabilities with Insurance Industry’s First Email Security Review Services

Sompo International Holdings Ltd., announced today that they have partnered with SecurIT360, and The Crypsis Group, a leading cyber risk management firm, to offer all eligible cyber policyholders in the U.S. complimentary cyber risk management services for email security protection. The service is the first of its kind offered in the insurance industry.

GLOBE NEWSWIRE

Munich Re Automation Solutions Targets Mid-Tier Life Insurers with Hosted Automated Underwriting

Munich Re Automation Solutions Ltd (Dublin), a subsidiary of the Munich Re group, has launched ALLFINANZ SPARK for general availability. The SaaS solution aims at helping mid-tier life insurers automate their underwriting processes in order to explore profitable opportunities and improve customer experience.

IIR

Fintech investments in Singapore climb 69% in first 9 months of 2019

FINTECH investments in Singapore for the nine months ended Sept 30 jumped 69 per cent to US$735 million from US$435 million in the same year-ago period.

THE BUSINESS TIMES

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