Life insurance

The transaction, which involves Cigna’s businesses in Hong Kong, Indonesia, Korea, New Zealand, Taiwan and Thailand as well as its interest in a joint venture in Turkey, comes months after Chubb was repeatedly rebuffed in its bid to take over Hartford Financial Services Group Inc. for about $25 billion.

Haven Technologies will make the platform behind MassMutal’s Haven Life available as a software-as-a-service insurtech.

The Chinese insurance giant is working with financial advisers on the potential sale, which could value Founder’s life insurance unit at as much as $1 billion, the people said, asking not to be identified because the matter is private.

The Palo Alto, California-based company is now valued at $900 million, according to people with knowledge of the matter.

Resolution and Allianz have been working with advisers on a deal that could be announced as early as this week pending regulatory approval, the people said, asking not to be identified because the information is private. The transaction would affect roughly $6 billion in liabilities that would be ceded to Resolution Life, which is run by former GE Insurance executive Clive Cowdery, they said.

Europe’s largest insurer is discussing a potential reinsurance deal for a portfolio with tens of billions of dollars in assets and liabilities, according to the people. It is working with advisers on the possible transaction, the people said, asking not to be identified because the information is private.

In other news: Hippo launches Builders Program; handdii wins the 2021 ACORD Insurtech Innovation Challenge New York; Blockchain-backed title insurance launches in five states.

In other news: Cowbell Cyber releases API; Discount Tire, Motorq offer data analytics platform; and Roamly announces new hire and expansion plan.

Multi-channel approach integrated with product design holds the key to a new era of protection products.

Permanent life insurance has a bad reputation. Here’s what financial advisors think about its potential for retirement planning if taxes rise under Biden.

A spike in applications during 2020 will require aggressive digitalization to continue.

Carriers can integrate with partners offering specialized capabilities and provide a comprehensive customer experience through a single unified platform.

MassMutual-owned Haven taps startup to bolster distribution.

By tackling specific problems, carriers were able to keep the lights on during the pandemic.

The company is accelerating what it's been doing over the past four years to meet rapidly changing customer needs, says Ken Solon

Led by industry veteran Ramneek Gupta, PruVen’s first fund will invest $300 million in transformational startups.

Carriers who succeed will have found ways to harness their customer-interactions and data to optimize product pricing and features to address customer need.

According to research from Life Happens, 67 percent of Americans say the pandemic has been a wake-up call for them to examine their finances – and to look into life insurance.

How she leverages American Express experience to transform life insurer.

I see the insurance industry going through many of the same challenges that we faced early on in e-commerce.