TDI Daily Newswire - 08th June 2020

Published: Mon, 06/08/20

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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Insular Life to invest P500M in digitization

INSULAR Life Assurance Co. Ltd. (InLife) has set aside some P500 million for its digitization efforts as it adapts to the changing environment and consumer behavior.

BUSINESSWORLD

Astaara opens doors promising to modernise cyber insurance for the maritime industry

A new insurance services business called Astaara Company has launched to protect maritime companies from cyber threats. Astaara’s platform, AstaaraCyber, enables shipowners and ports operators to improve their cyber resilience.

CAPTIVE INTERNATIONAL

Introducing Poncho Insurance

Australian insurer IAG has recently launched a personal lines insurance brand called Poncho Insurance. Poncho currently offers car insurance on a monthly basis with no cancellation fees. Coverage is offered for multiple vehicles and multiple drivers.

COVERAGER

USAA Leverages NEOS To Propel New Distribution of Annuities

USAA Life Insurance Company, a provider of a wide range of insurance products and services and NEOS, a management consulting and delivery services firm specializing in insurance and financial services, recently worked to facilitate USAA's expansion into third-party distribution.

INSURANCENEWSNET

PIB Group snaps up Marx Re-Insurance Brokers in Germany

PIB Group has acquired Munich-based Marx Re-Insurance Brokers for an unknown sum, expanding its into the reinsurance market. The move aligns with PIB’s existing scheme for international expansion.

LIFE INSURANCE INTERNATIONAL

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