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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| | Lloyd’s and London Market service provider Advent Insurance Management has launched its technology business, Ecliptic. Ecliptic was created to partner with and challenge Lloyd’s and London market businesses to help realise their ambitions through technological innovation.
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Tokio Marine Holdings is reportedly acquiring a US-based insurer operating in the employee benefits space, in a deal that could be worth US$184 million. This will give Tokio Marine access to the American SME employee benefits market.
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| | Pegasystems Inc., a provider of customer engagement- and case management-focused software, has announced Pega Process AI, a new set of Pega Platform capabilities designed to help organizations optimize their business and customer operations. The new solution seeks to address rapidly intensifying
digital expectations, in response to which organizations are turning to process automation.
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| | Milwaukee-based provider of smart packaging technology for high-value products PAXAFE has raised $2.25 million in a seed round of funding led by Ubiquity Ventures, with Fintech Ventures Fund, Greenlight Re Innovations, and Sure Ventures as participants.
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| | Abry Partners, a private equity firm, has acquired High Street Insurance Partners, a full-service insurance brokerage. High Street Insurance Partners provides a broad array of business insurance and risk management, employee benefits and human capital management, financial and retirement
services.
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