Aon collaborates with Nayms on cryptocurrency launch

spike

Aon has announced what it calls a “first-of-its-kind” offering to secure capital through a collaboration with Nayms, an insurtech platform that supports cryptocurrency investors in insuring crypto risk.

Aon and Nayms will conduct a pilot programme with Teller Finance, a decentralised lending protocol, to highlight the ability to scale cover efficiently by matching assets to liability when underwriting crypto risk. The underwriter will be Bermudian specialist insurer Relm Insurance. The pilot programme will be the first tokenised, or blockchain-enabled, placement of insurance ever conducted with regulated, professional insurance agencies, Aon said.

“Aon is committed to embracing technology and is constantly

Read More

Aviva unveils full-year financial results and announces market exit

spike

“Since I announced our new strategy in August last year, we have announced seven divestments that will generate over £5 billion of cash proceeds,” said Aviva group CEO Amanda Blanc. “This rapid progress allows us to focus on transforming and growing our already strong businesses in the UK, Ireland and Canada. The sale of our Italian operations to high quality buyers is a positive outcome for our customers, employees, distributors and shareholders. We promised that we would deliver quickly and we are.”

Indeed, that plan to deliver quickly has also seen Aviva part company with Aviva France in 2021, while

Read More

Prudential Plc declares full-year financial results

spike






Metric

2020 result

2019 result

Life new business profit from continuing operations

US$2.8 billion

US$4.4 billion

Operating free surplus generated from continuing operations

US$2.89 billion

US$2.86 billion

Adjusted operating profit from continuing operations

US$5.5 billion

US$5.3 billion

IFRS profit after tax from continuing operations

US$2.2 billion

US$1.95 billion

 

“With COVID-19 continuing to have a major

Read More

FWD completes investment in BRI Life Indonesia

spike

FWD Group has completed its acquisition of a significant minority stake in PT Asuransi BRI Life, the insurance arm of Bank Rakyat Indonesia (BRI).

Following the investment, which was first announced in June 2020, BRI Life has entered into a long-term life insurance distribution agreement with BRI.

According to a statement by FWD, the investment and partnership will bring insurance to more customers in the highly underpenetrated, rapidly growing market of Indonesia. BRI Life will be able to leverage FWD’s digital infrastructure and expertise and help boost wider financial inclusion.

FWD also announced that BRI Life’s brand will remain unchanged

Read More