The partnership announcement between Norwich-based insurtech company Pikl, Prestige Underwriting, and Aviva marks a significant milestone in the insurance industry, particularly for the vacation rental and short-term rental markets in the UK. This collaboration intends to bridge the gaps left by standard home insurance policies and provide even more robust and tailored coverage solutions for property owners venturing into the
The rebranding of ZA Tech to Peak3, coupled with a successful Series A fundraising, marks a transformative period for the company. With fresh capital and a new identity, Peak3 is poised to drive innovation and growth in the insurance technology sector. The $35 million funding, led by EQT and Alpha JWC Ventures, underscores investor confidence in Peak3’s vision and strategic
Peak3, formerly known as ZA Tech, is making waves in the insurance industry with its innovative approach to digital transformation. Founded in 2018, the company has quickly risen to prominence, particularly in the realm of cloud-native, modular insurance core and distribution systems. This rebranding comes on the heels of a highly successful $35 million Series A fundraising round, led by
Guardian Life Insurance Company of America, in collaboration with Pelago, has introduced a groundbreaking partnership aimed at promoting a tobacco-free lifestyle among its members. This novel initiative integrates digital health solutions with traditional dental insurance benefits, emphasizing both oral and overall well-being. The partnership reflects a broader trend toward preventive health measures within insurance products, which is increasingly significant in
In a significant move within the InsurTech sector, Anterior, a company specializing in AI-enhanced health insurance approvals, has successfully secured $20 million in a Series A funding round predominantly led by NEA, a well-regarded venture capitalist firm. The round also saw participation from established investors like Sequoia and Neo, along with contributions from several angel investors, including notable industry figures
DrinkPAK, a producer of canned beverages based in California, has initiated legal action against Paylocity, a cloud-based payroll software company. At the heart of this legal dispute lies the crux of serious compliance issues caused by Paylocity’s software, which reportedly contains significant errors. These software challenges were severe enough to lead DrinkPAK to settle two class action lawsuits involving wage
The enforcement of the U.S. Equal Employment Opportunity Commission’s (EEOC) regulation mandating employer accommodations for elective abortions as part of pregnancy-related conditions has sparked significant legal and ideological debates. Emerging from the Pregnant Workers Fairness Act (PWFA), this rule, which also includes provisions for pregnancy, childbirth, and related medical conditions, has faced substantial resistance and legal pushbacks, culminating in a
The automotive and insurance sectors are undergoing significant transformations, driven by technology and evolving customer expectations. In a notable development, Stellantis Financial Services US and bolt have teamed up to redefine the auto insurance purchasing experience. This collaboration aims to leverage advanced technologies to offer customized, efficient, and accessible insurance solutions directly to customers. With this partnership, Stellantis aims to
The collaboration between OpenRoad Insurance and Majesco marks a significant development in the InsurTech sector, focusing on the unique needs of collector vehicle owners. By leveraging Majesco’s advanced technological solutions, this partnership aims to enhance OpenRoad’s market reach and operational efficiencies, delivering a state-of-the-art digital experience that combines comprehensive coverage with fair pricing. This strategic alliance promises not only to
The non-payment insurance sector has long contended with notable inefficiencies, especially in managing the myriad broker inquiries that underpin the underwriting process. Recognizing this challenge, Allianz Trade, a global insurer, and BPL, a specialist credit and political risk insurance (CPRI) broker, have embarked on a transformative collaboration to develop an innovative API-integration inquiry system. By leveraging the capabilities of Verisk’s
Sapiens International Corporation has unveiled its latest innovation, a next-gen intelligent insurance platform that integrates advanced AI technologies and is cloud-native. This platform signifies a pivotal development for insurers, empowering them to leverage sophisticated digital tools to enhance efficiency, customer engagement, and operational agility. The collaboration with Microsoft further strengthens the platform’s potential, underscoring its transformative impact on the insurance
Columbia Insurance Group has announced a transformative partnership with Guidewire, a leading provider of insurance software solutions. This strategic alliance aims to modernize Columbia’s technological infrastructure, enhancing operational efficiency and customer service to meet rapidly evolving market demands. Known for its tailored insurance solutions for small and medium businesses across various U.S. states, Columbia Insurance Group has built a reputation
