Sagicor has been operating in the life insurance market for almost 60 years. Recently, it launched simplified issue whole life and no lapse universal life insurance products specifically designed for healthy individuals, ages 18 to 65 years. Through the PEMCO acquisition, Sagicor will acquire approximately 10,000 term and whole life policies and 7,500 new clients.
The transaction is subject to approval by the Office of the Insurance Commissioner of the State of Washington.
The specialty insurer is changing up its requirements for some positions, about one-third of jobs don't require a four-year college degree.
Fortune and Great Place to Work analyzed 1.3 million survey responses, ranking the best companies in the U.S.
"Lax regulation and monitoring of property insurers makes Florida mortgage markets far more exposed to climate risk than people might think," said Parinitha Sastry, an author of a working paper by researchers at Harvard University, Columbia University and the Federal Reserve.
By collaborating, cybersecurity professionals and insurance providers can share insights, best practices, and trends in cyberthreats, creating a more secure environment for all.
The insurtech development program, seeing frequent participation from Americas-based startups, dedicates latest cohort to regional entries.
AI has great risks for underwriters but also great potential benefits, according to Randy Paez, chief information officer of Ambac. Paez spoke with Digital Insurance about how to leverage data and integrate AI into insurance operations.
