Your Daily InsurTech Briefing – 2024-06-02

June 2, 2024
1 min read

Let’s see what’s in the news today.

The Biggest Tech Trends in Asia’s Insurance Sector

In 2024, the insurance industry faces challenges caused by the rise in property and auto rates due to inflation, geopolitical uncertainties, and increasing regulatory scrutiny. Technology is emerging as a key driver for insurers navigating the turbulent landscape.

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QuoteWell partners with IIAT to revolutionise insurance brokerage experience

QuoteWell, a tech-driven insurance wholesale broker, and the Independent Insurance Agents of Texas (IIAT) have joined forces to enhance the wholesale brokerage experience for IIAT’s extensive network of over 9,000 agency members.

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Aflac teams up with Nayya to revolutionise supplemental health benefits access

Aflac Incorporated, a prominent provider of supplemental health insurance in the U.S., has announced a strategic partnership with Nayya.

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Evolving insurance with digital efficiency

How Applied Systems developed solutions to streamline commercial lines

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Paytm withdraws general insurance licence application; to focus on distribution-only model

Paytm will increase focus on insurance distribution. It had earmarked Rs 950 crore to invest in the entity applying for the general insurance licence, and now expects to conserve that cash. The Noida-headquartered company will focus on distributing small ticket sized insurance products such as life, health, motor, shop and gadgets.

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