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The report said that key themes would be embedded insurance and data and analytics. -
The initiative is designed to improve trading efficiency and reduce data double-entry.
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The panel will ‘guide’ the business and help speed up the digitisation of the insurance industry.
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Insurance penetration in India represented 3.76% of GDP in 2019.
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The new funding round values the InsurTech at $1.75bn.
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The InsurTech has also hired Amir Massoudi as global chief revenue officer.
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$600mn round values Stripe at $95bn making the company one of the world’s most valuable private companies.
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The commercial motor specialist raises $150mn from a consortium of investors.
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The new recruit is a former global corporate CEO at Zurich.
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Chancellor Rishi Sunak announces the extension in his budget.
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The venture plans to target auto cover before using M&A to expand into other lines.
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The fourth quarter, while down on Q3 and a year earlier, was the sixth-highest three-month period since tracking began in 2010.
