ALTERNATIVE DISTRIBUTION

Cambodia

Prudential Upgrades Digital Platform to Issue Life Insurance Policies Within Minutes. Bhartiya Yojanaye, January 28, 2022.

Through Pulse by Prudential, Cambodia launched its elevated digital service. The insurer’s automated underwriting platform assesses new applications in seconds and issues policies within minutes. Pulse is an artificial intelligence (AI)-powered mobile app designed to bring solutions to Prudential’s customers in addition to helping them manage their policies.

Canada

KindHealth Delivers on Trend Toward All-Digital, Personalized Health Insurance GlobeNewswire, March 10, 2022.

KindHealth is a health insurance marketplace that uses AI to assess customers' needs and match them with the plans that fit their medical needs and personal budgets. KindHealth offers health insurance as well as ancillary products like dental, vision, accident, and gap insurance.

India

BSE Ebix, LIC Join Hands for Distribution of Insurance Products. BFSI, February 17, 2022.

Under this agreement, BSE Ebix will offer clients insurance products offered by LIC, such as life and health, using its omni-channel digital presence.

United Arab Emirates

Etisalat To Offer First Of Its Kind Digital Insurance Services Platform In UAE. Khaleej Times, January 20, 2022.

The Easy Insurance Program can be accessed through Etisalat’s digital channels, My Etisalat app, or the Etisalat website. Customers will now have full control to select and customise their insurance product of choice.

United Kingdom

Plum Life and London Underwriters Jointly Announce New Distribution Agreement. BusinessWire, January 24, 2022.

Plum Life Inc. and London Underwriters jointly announced a new distribution agreement that will give London Underwriters' 8,000 agents access to Plum Life's 100% digital selling platform. Plum Life's friction-free experience simplifies the selling process for agents and still provides highly competitive coverage for clients.

United States

Verisk's FAST Platform Powers Pacific Life's Launch of Level-Premium Term Life Insurance Product. Market Screener, February 7, 2022.

Verisk announced that Pacific Life’s level-premium term life insurance product – Pacific Elite Term – is in production with Verisks’s FAST platform for new business, policy administration, and claims.