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Citi's global commercial bank head talks about why understanding your clients is critical for bankers.

Proceeds from the sale provide the bank with "flexibility to evaluate and pursue various strategic initiatives to redeploy capital in support of our core banking business," Evans CEO David Nasca said.

Global insurtech funding increased from about $917 million in the second quarter of this year to about $1.1 billion in the third quarter.

The top three companies have combined net premiums written of more than $53 billion.

In a report published Monday, the International Association of Insurance Supervisors outlined key areas where supervisors can help improve the affordability, availability and uptake of insurance against natural disasters.

More news: Markel appoints digital and portfolio executive in distribution strategies and business development.

Climate change is driving an increasing reliance on electric vehicles and the means to charge them.

The transaction is expected to close early next year.

Adam Fox, MassMutual's head of distribution technology & data science, spoke with Digital Insurance about the main objectives of its Health and Wellness Program.

Leveraging telematics can improve risk assessments, streamline operations and improve fleet safety.

A wage gap as soon as women enter the workforce — along with life-long financial hurdles like caregiving — prevent this demographic from prioritizing their long-term savings.

Technology is enabling the creation of new products to enhance existing services and provide solutions to old problems.

As insurers automate more aspects of the insurance experience, it expands how services are provided and priced for policyholders.

There were about 50 funding events in the insurtech sector in October, according to a review by Digital Insurance.

The first step: every agency needs a disaster plan which outlines a course of action if an event occurs. Owners should identify the most likely disasters and determine key steps to take. Will employees evacuate or stay put? How will they communicate with customers? How can they begin working again?

Cota Capital developed a framework of six pillars to evaluate the viability of embedded insurance opportunities.

By capturing employee attention with popular benefits, employers can piggyback communication about the most valuable enhancements for their workforce.

Michael Shashoua, senior editor of Digital Insurance, reported on developments from ITC Vegas Oct. 31-Nov. 2, 2023.

The digital lender's product comes amid soaring expenses for homeowner's coverage.