In a rapidly evolving insurance landscape where specialization and innovation are becoming paramount, Global Indemnity Group has made a bold move by launching its first reinsurance managing general agency (MGA) through its subsidiary, Penn-America Underwriters, LLC (PAU). This strategic step into the reinsurance sector signals a significant shift for the company, positioning it to address niche market demands with tailored
As we dive into the transformative world of insurance technology, I’m thrilled to sit down with Bobbie Shrivastav, CEO of Solvrays, and David Shaw, CEO of Penn River, to discuss their groundbreaking partnership. Solvrays is at the forefront of AI-powered workflow orchestration, while Penn River offers a cutting-edge, cloud-native platform for life and annuity policy administration. Together, they’re tackling persistent
Imagine a world where insurance brokers, once bogged down by cumbersome paperwork and outdated systems, can now process claims and serve clients with the speed and precision of a tech giant. This transformation is no longer a distant vision but a reality fueled by artificial intelligence (AI) in the insurance broking sector. The rapid integration of AI-driven solutions is revolutionizing
Imagine a small business owner watching their annual budget erode, not due to market fluctuations or declining sales, but because of an unseen force: the escalating cost of employee sick leave. Recent research reveals that long-term absences alone can cost employers a staggering $25,000 per worker annually, a figure that has sent shockwaves through boardrooms across the US. This growing
In an era where the insurance industry grapples with mounting operational complexities and the urgent need for precision, a groundbreaking partnership has emerged to address these challenges head-on. Gradient AI, a leading provider of artificial intelligence solutions tailored for insurance, has joined forces with Connexure, an Atlanta-based innovator in quoting, underwriting, and administrative software for the self-funded insurance market. This
In an era where the insurance industry grapples with mounting operational costs and inefficiencies, a staggering statistic emerges: nearly 60% of insurers report that manual processes still dominate their back-office operations, leading to delays, errors, and frustrated customers. This persistent reliance on outdated systems has created a pressing need for digital transformation, particularly in the life and annuities sector, where
Imagine a federal agency tasked with safeguarding workplace equality, yet filing fewer lawsuits than it has in a decade, leaving employers and employees alike questioning the future of discrimination enforcement. In 2025, the U.S. Equal Employment Opportunity Commission (EEOC) has reported a historic drop to just 93 lawsuits in the fiscal year ending September 2024, sparking widespread debate among legal
Allow me to introduce Jonathan Crystal, a seasoned insurance industry veteran who, after over two decades as an operator, has now turned his expertise into a powerful force for innovation with the launch of Crystal Venture Partners. With the recent close of a $33 million Fund I, Jonathan is on a mission to back early-stage tech founders who are reimagining
Setting the Stage for AI Regulation in Employment Imagine a workplace where critical decisions—hiring, promotions, or even terminations—are made not by human managers but by algorithms, with little to no oversight. This scenario is becoming increasingly common as mid- to large-sized for-profit employers in California turn to artificial intelligence (AI) and automated decision-making tools to streamline operations. However, the potential
Imagine a world where booking an international flight feels as effortless as buying a coffee down the street, with payments processed instantly across borders, no matter the currency or platform, transforming the travel experience. This vision is rapidly becoming reality as cross-border payment innovations reshape the global travel landscape. In an era of booming international tourism, the ability to execute
Introduction Imagine a small insurance broking firm struggling to keep up with endless paperwork, outdated systems, and ever-changing regulatory demands while trying to meet the rising expectations of tech-savvy clients in a competitive market. This scenario is all too common in an industry where digital transformation has become a pressing need rather than a luxury. For small and mid-sized brokers,
Imagine a world where a simple phone call can determine the legitimacy of an insurance claim in minutes, saving companies millions while ensuring honest customers receive swift resolutions, and this scenario is no longer a distant dream but a reality powered by voice technology. This innovation is making waves across various sectors, and surprisingly, one of the most transformative applications
