Operating at the Intersection of Technology and the Capital Markets
Tag: Insurance
We expect that Claims Processing technology providers will merge with one another (P&C with Health & Life) as well as with Policy Administration technology providers to better serve insurance company customers as insurance M&A continues its rapid pace (See the Chubb / Cigna A&H deal HERE). One hypothetical M&A example would be Solera (P&C) merging … Continue reading Insurance M&A Will Drive InsurTech M&A
Insurance company CIOs continue to use Alternative Assets to increase yield in this ultra-low interest rate environment. KKR Asset Management's Insurance CIO survey found similar results (chart below) to our recent TEK2day Spotlight report on the insurance industry which may be accessed HERE. We expect that the heavy use of Alternative Assets in the pursuit … Continue reading Leveraging Alternative Assets To Increase Yield
American National Group to Be Sold to Brookfield Reinsurance The WSJ reported that American National Group (ticker: ANAT), is to be sold to Brookfield Reinsurance (ticker: BAMR), for approximately $5 billion. Click HERE to read our recent Spotlight report: "The Evolving Insurance Industry".
Blackstone (ticker: BX) and AIG (ticker: AIG) announced a deal where Blackstone would pay $2.2 billion to acquire a 9.9% stake in AIG's life insurance and retirement services group ("AIG L&R"). The deal will take Blackstone's insurance business to approximately $150 billion AUM. We will have a TEK2day "Spotlight" report on this subject in the … Continue reading Private Equity Continues To Acquire Insurance Assets
Tickers Mentioned: Roper Technologies (tkr: ROP); SS&C Technologies (tkr: SSNC); Verisk (tkr: VRSK) Private Equity has ramped its exposure to the Life Annuity Insurance industry over the past decade with PE-owned or PE-sponsored insurer's admitted assets growing from $67.4 billion in 2011 to $604.1 billion at year-end 2020 (per AM Best), a 9x increase. If … Continue reading Private Equity and Life Annuity Insurance
With RPA pure play UiPath's (tkr: PATH) recent IPO and lofty valuation we suggest investors consider less expensive Enterprise Software companies that incorporate Robotic Process Automation ("RPA"), into their broader offerings. Pegasystems (tkr: PEGA) and SS&C Technologies (tkr: SSNC) come to mind. See below for links to additional TEK2day articles that cover RPA, IPA ("Intelligent … Continue reading A Cheaper Way To Play RPA
It is amazing what institutional investors - especially large holders - put up with. Do Portfolio Managers communicate with CEOs any longer? PMs used to speak with management teams to provide feedback around capital allocation decisions, financial disclosures and more. My sense is that less of this interaction occurs today. Below we cover a few … Continue reading Institutional Investors Forgot They Have A Voice. PLUS – Big Tech Regulation.
Broadly-defined Financial Services and Healthcare are two giant, slow growth industries that could potentially kick start revenue growth by leveraging a variety of video and audio-based technologies. Financial Services & Insurance contributed $1.2 Trillion to GDP in Q1 2020 and Healthcare contributed $2.4 Trillion during the same period (table 1). Both industries are bogged down … Continue reading Financial Services & Healthcare – Sleeping Giants Ready to Awake?
Facebook is using AI to turn 2D photos into 3D photos. Fun for consumers. The question is to what degree can Facebook's convolutional neural net-powered technology be used to disrupt legacy geospatial/GIS offerings from companies such as Verisk (tkr: VRSK), ESRI (private), Trimble (tkr: TRMB), Garmin (tkr: GRMN), Pitney Bowes (tkr: PBI) and many others? … Continue reading Facebook Is Using AI to Turn 2D Photos into 3D Images
Unless your name is Amazon, Apple, Facebook, Google or Microsoft, it is best to pursue vertical go-to-market and product strategies. Only the previously mentioned Technology giants have the requisite scale to take a horizontal approach. We provide examples of "Vertical Leaders" and "At-Risk Horizontal Players". Tickers mentioned: ACN, AMZN, AAPL, AVGO, BOX, CCC, CRM, CSCO, … Continue reading Go Vertical or Go HomePremium
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