India’s government has initiated preliminary discussions with local insurers to develop a nationwide climate-linked insurance program, designed to streamline payouts following extreme weather events, including floods and heatwaves. The proposed model would adopt parametric insurance, which provides pre-determined payouts once specific weather thresholds — such as rainfall, temperature, or wind speed — are exceeded. Unlike… Continue reading India Explores Nationwide Climate-Linked Insurance Scheme
Author: Maria Valdez Haubrich
DOXA Promotes Kevin Wall to President
DOXA has announced the promotion of Kevin Wall to president, a move designed to enhance the organization’s leadership agility and support its continued growth as a community of excellence.
White Mountains to Sell Controlling Interest in Bamboo to CVC in $1.75 Billion Deal
White Mountains Insurance Group, Ltd. announced it has signed a definitive agreement to sell a controlling interest in Bamboo, a data-enabled insurance distribution platform, to funds advised by CVC Capital Partners.
Insurance Marketplace Realities 2026: Key Findings from the Latest WTW Report
The insurance landscape is entering a new phase of transformation, according to Insurance Marketplace Realities 2026, the latest report from WTW (Willis Towers Watson).
Commissioner Lara Calls for ‘Whole-of-Government’ Approach to Insurance Stability
California Insurance Commissioner Ricardo Lara responded to Governor Gavin Newsom’s executive order on insurance stability, emphasizing progress under the Sustainable Insurance Strategy and the need for statewide coordination.
Independent Insurance Agents Report Feeling Undervalued by Carriers, J.D. Power Study Finds
Many agents say they are not receiving the support they need from carriers, according to the J.D. Power 2025 U.S. Independent Agent Satisfaction Study.
AIG Announces U.S. Leadership Reshuffle as Don Bailey Retires
AIG has announced a series of leadership changes within its U.S. commercial insurance division following the upcoming retirement of Don Bailey.
Canal Insurance and Tech Mahindra Form Strategic Partnership to Advance Digital Transformation in P&C Commercial Auto Insurance
Tech Mahindra, a global provider of technology consulting and digital solutions, announced a strategic partnership with Canal Insurance Company, a subsidiary of Canal Financial Group. The collaboration aims to accelerate digital transformation in the Commercial Auto (Trucking) and Property & Casualty (P&C) insurance market across North America. Partnership Focus The partnership combines Tech Mahindra’s Guidewire,… Continue reading Canal Insurance and Tech Mahindra Form Strategic Partnership to Advance Digital Transformation in P&C Commercial Auto Insurance
Majesco Named to IDC FinTech Top 100 for the Third Year
Majesco, a provider of cloud-native, AI-driven software for the insurance industry, has been recognized in the IDC FinTech Top 100 Rankings for the third consecutive year.
Health Insurers Risk Higher Costs Without Modern Claims Adjudication
As healthcare costs rise and member expectations increase, many insurers face challenges due to outdated claims adjudication systems. A new report from Info-Tech Research Group emphasizes the need for modernization to improve accuracy, reduce administrative expenses, and meet regulatory and customer demands. Legacy Systems Create Inefficiencies According to Info-Tech Research Group, legacy adjudication systems remain… Continue reading Health Insurers Risk Higher Costs Without Modern Claims Adjudication