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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Today’s top selected digital insurance content
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| | Shift Technology, a provider of AI-driven decision automation and optimization solutions for the global insurance industry, announced today that Amica, the longest-standing mutual insurer of automobiles in the United States, will deploy three solutions from the Shift Insurance
Suite.
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MMG Insurance Company, a long-term client of Majesco has launched a next-generation agent portal built on Majesco Digital1st Insurance, which the vendor describes as a low-code/no-code digital insurance platform that seamlessly integrates with MMG’s implementation of Majesco P&C core Suite.
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| | Switzerland-based reinsurance company Swiss Re plans to invest $127m in Paytm’s general insurance business to acquire a 23% stake on a fully diluted basis. Swiss Re will invest by way of equity shares and compulsorily convertible preference shares.
LIFE INSURANCE INTERNATIONAL
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| | French mutual insurer Covéa has now agreed and signed a Memorandum of Understanding to acquire Bermuda headquartered global reinsurer PartnerRe from Italian holding company EXOR, at the same $9 billion valuation.
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| | UNest, the startup helping parents invest and save for their kids’ future, is partnering with Avibra, the insurance startup that has yet to find its true purpose, to offer families access to “valuable services” including no-cost life insurance policy and a 15% discount on Avibra’s Dollar Benefits
Store.
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