With our greatest-promoting course Begin-a-Business one hundred and one. An entity looking for to transfer risk (an individual, company, or affiliation of any kind, and so on.) becomes the “insured” celebration once threat is assumed by an “insurer”, the insuring party, by means of a contract , known as an insurance coverage coverage Generally, an insurance contract consists of, at a minimum, the next components: identification of participating events (the insurer, the insured, the beneficiaries), the premium, the interval of protection, the actual loss occasion lined, the amount of coverage (i.e., the quantity to be paid to the insured or … Read More
Global reinsurance broker Gallagher Re has announced the launch of Gallagher Automated Insurance Analytics (GAIA), a proprietary automated analytics platform.
GAIA is a single integrated platform that houses all analytics capabilities in one place, Gallagher Re said. The company estimated that combining all capabilities into one platform could shave up to 80% off the time required to generate the same level of insights using multiple tools.
Benefits of the platform include:
- Scalability: Using cloud-based technology, GAIA will be able to scale quickly and globally, and can adapt in line with Gallagher Re’s growth plans, allowing for easy expansion across
Italian insurance giant Generali has issued a statement following reports suggesting that group chief executive Philippe Donnet is possibly facing non-renewal when his mandate at the insurer’s helm expires in 2022.
“The non-executive members of the board of Generali, in a meeting held on September 14, 2021, have taken note of the availability of the group CEO, Philippe Donnet, to remain chief executive officer for a third mandate,” said the Trieste-headquartered company, about 11% of which is reportedly owned by business tycoons Francesco Gaetano Caltagirone and Leonardo Del Vecchio.
“In light of this, the majority of the non-executive members of
TrueLayer has announced the launch of Payouts, a new solution to tackle the issues of slow withdrawals and refunds. Payouts is already being used by TrueLayer clients, including the UK’s leading online car retailer, Cazoo, to instantly pay customers when they sell their car via the platform.
Today, customers expect payments that arrive in their account in seconds. The five days it can take for card or Bacs payments to appear frustrates customers and leads to a lack of loyalty. This is made worse when businesses, as part of their due diligence, need to verify new user’s