Health benefit startup partners with brokers to expand offering

Health benefit startup HSARx has announced that it has partnered with two general agencies in Arizona to expand the reach of its offerings. Launched in 2022, HSARx offers traditional pharmacy benefit management savings directly to health savings account (HSA) subscribers. The company enables customers to pay for and obtain discounts on prescription medication […]

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Board tasks new Arturo leadership with scaling operations

“At the time, I was semi-retired and knew the investors and they asked me to come in and take a look and provide some advice on the business, which I did,” Oslan recalled. “They subsequently asked me to stay on and run it.” Arturo formally announced Oslan’s appointment as CEO on Sept. 1, noting he’ll […]

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Insurtech weekly news roundup: Sept. 30

The 10-week program brings together insurtechs, insurers and brokers to test out new insurance products that address issues and challenges facing the Lloyd’s market. It began on Sept. 26. The new crop of insurtechs include Altelium, an MGA focused on specialty battery insurance. There is also nPlan, a risk transfer product for construction delays, and […]

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Grim picture for January 1 property reinsurance renewals

“One of the factors impacting the degree of movement in price was tightening supply,” said Lara Mowery, global head of distribution, Guy Carpenter. “[at mid-year 2021], abundant capacity to foster an overall environment of stability for property renewals. This, however, has not been the case as we moved further into 2022. “Elevated catastrophe losses, which […]

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Progressive vs State Farm – world’s largest auto insurer revealed

Gross direct written premiums (GDWP) for the global auto insurance market rose to about $822.5 billion last year, with Progressive overtaking State Farm to become the world’s largest underwriting group in the sector, according to a new study by insurance marketing and consulting firm Insuramore. Berkshire Hathaway and China-based PICC and Ping An […]

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PCF swoops for Utah agency

PCF Insurance Services has announced the acquisition of Utah-based 1 Source Business Solutions, a professional employer organization (PEO) specializing in employee benefits, payroll administration, HR compliance and consulting, and workers’ compensation administration. “1 Source is an award-winning, high-growth professional employer organization that helps businesses manage complex employee-related matters,” said Peter C. Foy, founder, […]

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