Company insurance

South African company JaSure sees a gap for on-the-go insurance

South African company JaSure, started in 2017, has introduced an on-demand insurance product. Co-founder and COO Jaclyn Prior (34) answers our questions. 1. Give us your elevator pitch. JaSure disrupted the South African insurance industry when it took to market a first of its kind on-demand insurance solution. The JaSure app launched last year with cover for single items, such as bicycles, cameras, laptops and cellphones. Sign up in seconds, and in two minutes, add your first asset for an instant quote. Switch your insurance on and off when you need it, at the tap of a button. 2. How did you finance your startup? The startup was originally funded by Constantia Insurance Company Limited. In...

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AM Best Affirms Credit Ratings of New York Life Insurance Company and Its Subsidiaries, Business Wire

OLDWICK, N.J.--( BUSINESS WIRE )--AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aaa” of New York Life Insurance Company and its wholly owned subsidiary, New York Life Insurance and Annuity Corporation (collectively referred to as New York Life). Additionally, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) on the funding agreement-backed securities (FABS) programs, the outstanding notes issued thereunder and the Long-Term IRs on the existing surplus notes of New York Life Insurance Company. The outlook of the Credit Ratings (rating) is stable. All companies are headquartered in New York, NY. (See...

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Aspera Wins $1 Million SaaS and Services Contract with Large US Insurance Company

BOSTON, July 13, 2020 /PRNewswire/ -- Aspera, a leading provider of solutions and services for Software Asset Management (SAM) and part of the USU Group, today announced a $1 Million SaaS contract with an enterprise US-based mutual life insurance company ("The Customer"). The three-year agreement is for Aspera SmartTrack license management technology, Aspera data collection tools, and Aspera license management services. A key decision point for The Customer was Aspera's successful analysis of their real-world data in a two-week evaluation and onsite user case demo. The Customer also recognized Aspera's solid integration with their ServiceNow ticket request (ITSM) system and hardware asset...

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Medicare supplement companies: Overview, lists, and plans

What are Medicare supplement companies? People choose a supplement company for various factors, including coverage, costs, and effective customer service. The preferred supplier in one state may not be the same across all states. In this article, we look at Medigap and the various policies. Then we examine how the Medicare supplement plan works. We also discuss costs and list some Medicare supplement companies. We may use a few terms in this piece that can be helpful to understand when selecting the best insurance plan: Deductible: This is an annual amount that a person must spend out of pocket within a certain time period before an insurer starts to fund their treatments. Coinsurance: This...

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Parametric insurance: plugging the gaps in business interruption cover

Parametric insurance: plugging the gaps in business interruption cover Business interruption cover has been a hot topic since COVID-19 hit, with the pandemic making the owners of small medium enterprises (SMEs) painfully aware of the value of clearly defined, easy to understand coverage - but this was already a growing issue before coronavirus, according to Alastair Speare-Cole, president and general manager of the insurance division of QOMPLX. QOMPLX, which is taking part in an Intelligent Insurer webinar on parametric business interruption cover on July 21, has carved a niche providing small businesses with parametric insurance solutions addressing the coverage gap for cyber and terror....

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Aspera Wins $1 Million SaaS-Contract with US Insurance Company

Aspera Wins $1 Million SaaS and Services Contract with US Insurance Company Aspera, a leading provider of solutions and services for Software Asset Management (SAM) and part of the USU Group, today announced a $1 Million SaaS contract with an enterprise US-based mutual life insurance company (“The Customer”). The three-year agreement is for Aspera SmartTrack license management technology, Aspera data collection tools, and Aspera license management services. A key decision point for The Customer was Aspera’s successful analysis of their real-world data in a two-week evaluation and onsite user case demo. The Customer also recognized Aspera’s solid integration with their ServiceNow ticket...

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Future Group looks to exit all its insurance businesses

Debt-ridden Future Group has two insurance subsidiaries -- Future Generali India Insurance for general insurance business and Future Generali Life Insurance for life insurance Future Group looks to exit all its insurance businesses 3 min read . Updated: 10 Jun 2020, 09:58 PM IST Anirudh Laskar Future Group has held discussions with private equity fund True North, Sunil Munjal-promoted Hero Corporate Services and Azim Premji-promoted private equity fund PremjiInvest to sell off its promoter holding in the two insurance subsidiaries Two people aware of the ongoing plans of Future Group confirmed this. According to them, Future Group has held discussions with private equity fund True North...

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BUSINESS INSURANCE - Life Secure

We live in a volatile world where settings are unanticipated. Therefore, it is important to protect the smooth running of your business. We know that you need tailor-made solutions as you are perhaps not covered well to meet the exhaustive demands of your business. The business insurance is your safety strap during the crisis. How can a business insurance help? Shareholder’s interest Absence of key business person from work Prevent major interruptions Personal guarantee against business loans Our experts can guide you with expert risk protection and business advice to select the best cover or personalize a cover for your business as per your requirements. The business insurance solution...

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ASSAR Selects Beyontec to Implement Platform Ecosystems for Rwanda Insurance Industry, Business Wire

DUBAI, United Arab Emirates--( BUSINESS WIRE )--Beyontec, a leading global provider of insurance technology solutions, announced today that it had been selected by the Insurance Association of Rwanda (ASSAR) to implement a digital ecosystem of different platform solutions for the insurance industry in Rwanda. Founded in 1992, ASSAR has been at the forefront of driving rapid transformation across the regional insurance markets in Rwanda. Through this partnership, Beyontec will assist ASSAR to accomplish its vision of synergizing and empowering the insurers and other constituents to seamlessly interact and promote business with each other while delivering consistent customer experiences....

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COVID-19 and Business Insurance Claims: 3 Important Questions for Restaurants, QSR magazine

Among the most tangible disruptions to regular life caused by the coronavirus pandemic is the current prohibition on dining in restaurants. Restaurants play a central role in our communities and are where we celebrate, commiserate, commune and network. For restaurant owners, the closures have set off a devastating chain of events, from layoffs to unpaid bills to, in some cases, permanent closures. The disruption to the restaurant industry will continue for the foreseeable future, even after restaurants reopen because their operations will be subject to significant restrictions. Restaurant owners purchased insurance coverage for business disruption in anticipation of these desperate times...

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