Lemonade has launched life insurance, powered by Bestow’s Protect API. Through the new offering, potential life insurance customers are greeted by Lemonade’s AI chatbot Maya, who guides them through a conversational application.
CXA Group Pte. Ltd. intends to sell its brokerage business in Singapore and Hong Kong to Pacific Prime Insurance Brokers Ltd. for an undisclosed value.The move is part of CXA's restructuring efforts as it aims to shift its focus to its enterprise software-as-a-service business.
Westpac is reportedly preparing to start a formal sale process for its life insurance unit.AIA Group, Dai-ichi Life Holdings, and Meiji Yasuda Life Insurance are among the companies that have been sounded out as potential buyers for the business.
MA-based MGA ShoreOne announced its official launch. Founded in 2019, the company combines traditional homeowners insurance with full flood coverage in a single policy.
Pen Underwriting has launched a revamped claims management proposition to further support its specialist fleet clients in the hazardous goods & environmental industries.
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