TDI Daily Newswire - 21st September 2021

Published: Tue, 09/21/21

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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Branch Insurance Partners with Safekeep to Maximize Claims Recovery

Branch Insurance, a startup insurer offering instantly-bundled home and auto insurance has engaged Safekeep, an InsurTech that uses AI to maximize net recovery through its Claims Profitability Platform, to enhance the claims experience for Branch members.

IIR

AXA Mansard and SympliFi to offer bundled insurance in Nigeria

AXA Mansard, a part of AXA, and UK-based fintech firm SympliFi have joined forces to offer financial services through the latter’s digital platform in Nigeria. The fintech will leverage this partnership to offer loan protection insurance and health cover to Nigerians.

TECH ECONOMY

Farmers to use mobile robot for catastrophe claims and property inspections

Farmers is announcing that it plans to use Spot to assist with in-field catastrophe claims handling and non-catastrophe property inspections, helping to improve the safety and efficiency of both while becoming “one of the first national P&C insurers to deploy a robotic quadruped.”

COVERAGER

Prudential to raise $2.25bn via share offering

British insurance giant Prudential has unveiled plans to raise approximately $2.25bn (HK$22.5bn) through a share offering on the Hong Kong Stock Exchange. Prudential stated that 6.5 million shares issued through the public offer will be available to local investors.

LIFE INSURANCE INTERNATIONAL

Speciality Re/Insurer Convex Launches European Subsidiary

Convex Group Ltd. announced the launch of a Luxembourg-based European insurance entity, Convex Europe SA (CES). Convex received regulatory approval on Sept. 15, 2021 from the Luxembourg regulator, the Commissariat aux Assurances. This development provides Convex with a fully regulated insurance subsidiary within the European Economic Area.

INSURANCE JOURNAL

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