Vu will report to Alex Cook, senior vice president and head of strategic capabilities.
"Considering Don's impressive experience and track record of success, we are delighted to welcome him to the team at this exciting point in our innovation journey," said Cook, in a statement. "We look forward to the role Don will play in furthering our digitization efforts and leveraging AI to provide industry-leading experiences for our customers, agents, advisors, and employees."
Vu joins New York Life from
Because of its soil and its status as the world's fastest-warming continent, Europe is particularly exposed. The European Central Bank estimates the region's potential damage from sinking land at more than €2.5 trillion ($2.9 billion) across all euro-area financial institutions.
(Bloomberg) --California's insurance regulator has launched a formal investigation into State Farm's handling of claims related to January's Los Angeles wildfires, after groups of survivors complained that the process could lead to confusion and delayed payouts.
Pet insurance needs to do more than reimburse. It must actively support pet owners in predicting problems and delivering real-time value.
Insurers that invest in modernizing how funds are held, moved, and monitored will be the best positioned.
The insurance industry is seeing a disproportionate increase in liability claims compared to a rise in general inflation.
There were about 48 funding events in the insurtech sector in May, according to a review by Digital Insurance.
