Distribution

Having raised nearly 20 billion yen ($175 million) in an offering that was priced at the top of its advertised range, got off to a bad start -- the biggest first-day decline in more than two decades for a company that raised at least $150 million. Daiwa Securities Co. and Mitsubishi UFJ Morgan Stanley Securities Co. were the lead managers for the listing.

Forty-six percent of consumers are open to pay-per-mile and 45% are interested in a program that rewards safe driving with discounts, according to a Nationwide survey. Yet only 45% of agents offer telematics to a quarter or fewer of customers.

In other news: Liberty Mutual launches insurance agency; Neptune Flood releases carbon-neutral plan; New York Life announces CEO-elect.

Willis Towers Watson Plc is adding four new members to its board after activist investors pushed for changes at the insurance brokerage following the collapse of a $30 billion planned sale to Aon Plc.

Five strategies that insurers can use to cut friction from the customer journey as they work towards digitally transforming their business.

Insurance blockchain working group The Institutes RiskStream Collaborative has partnered with Trustlayer to build out an insurance verification proof of concept.

Activist investor Starboard Value disclosed a new position in Willis Towers Watson Plc Thursday, and said it believes the insurance broker could nearly double its share price in the next three years.

In other news: Algorithm calculates number of good health years; Hiro rebrands to Locket; Alliant launches diversity initiative.

Insurance companies create curated collections of services to keep customers and win over new ones.

The insurer, part of Munich Re, says agents can now upload ACORD data directly from their management systems and the information interacts with HSB to provide an instant rate and quote.