Caitlyn Jones, Author at B2Bdaily.com

FinTech Insurance

How Are Finance and Insurance Adapting to Digital Transformation Trends?

Digital transformation is sweeping across various industries, with finance and insurance being no exceptions. Companies within these sectors are increasingly inclined to embrace innovative technologies, strategic partnerships, and organizational restructuring to enhance operational efficiency, improve customer experience, and maintain their competitive edge. This multifaceted approach is not merely about adopting new tools but involves a fundamental shift in how these

July 10, 2024

Employment Law

Court Revives Manager’s Claims of Wrongful Firing Due to Diabetic Episode

The case involving a former Hardee’s restaurant store manager in Nebraska has drawn significant attention after the 8th U.S. Circuit Court of Appeals decided to revive her claims of wrongful termination. After experiencing a severe diabetic episode, resulting in her inability to comply with her employer’s call-in policy, she alleges her termination was a violation of her rights under the

July 9, 2024

Employment Law

Nonprofit to Pay Over $1M for Failing to Accommodate Deaf Workers

Didlake, a nonprofit government contractor based in Washington D.C., has recently encountered significant legal issues due to alleged failures in accommodating its deaf and hard-of-hearing employees. The organization, which is dedicated to employing people with disabilities, has been mandated to pay over $1 million to resolve these legal challenges. Legal actions were initiated by the U.S. Equal Employment Opportunity Commission

July 9, 2024

Employment Law

EEOC Plans New Pay Data Collection Rule Amid Employer Concerns

The U.S. Equal Employment Opportunity Commission (EEOC) is renewing its efforts to collect pay data from employers, marking a significant step in addressing wage disparities in workplaces across the country. This comes after a decade of alternating starts and stops regarding the collection of such data. Initially introduced during the Obama administration in 2017, the requirement for pay data collection

July 9, 2024

FinTech Insurance

How Will iA Financial and Clutch Transform Car Buying and Insurance?

The recently announced $10 million investment by iA Financial Group into Clutch Technology marks a monumental shift in the automotive and insurance industries. This strategic partnership aims to offer customers a cohesive car-buying and insurance experience, leveraging both companies’ strengths to create a seamless, digital platform. Strategic Partnership Overview iA Financial Group’s Expansion iA Financial Group’s recent investment into Clutch

July 9, 2024

FinTech Insurance

How Did Symfa Revolutionize Insurance Business Logic with Low-Code?

Symfa, a reputed software engineering firm, undertook a challenging project to transform and centralize the business logic for a major insurance company in the US. This project highlighted the potential of low-code platforms in revolutionizing operational processes within the insurance industry. Previously, the insurance company struggled for three years to develop an efficient Rules engine without success. Symfa’s intervention aimed

July 8, 2024

FinTech Insurance

Wopta Assicurazioni Secures €4.1M in Series A to Expand Insurance Offerings

Wopta Assicurazioni, an InsurTech MGA focused on delivering a broad array of insurance products tailored specifically for businesses and professionals, has successfully concluded a €4.1 million Series A funding round. This latest round of funding has brought the company’s total raised amount to approximately €8 million since its inception, underscoring Wopta’s rapid growth and strong market position. Esteemed Investors and

July 8, 2024

FinTech Insurance

How Will Brokerslink’s New Trade Credit Practice Impact Brokers?

Brokerslink, a global broking company renowned for its robust network of independent brokers, has recently embarked on a significant initiative with the launch of a dedicated Trade Credit Insurance (TCI) practice. This strategic move aims to enhance service offerings across its global network, addressing an increasing demand for trade credit solutions. With this backdrop, it is essential to explore the

July 8, 2024

FinTech Insurance

MAPFRE RE Receives Approval to Open New Branch in Beijing, China

MAPFRE RE, a globally recognized reinsurer, has achieved a significant milestone by obtaining approval from China’s National Financial Regulatory Administration to open a new branch in Beijing. This pivotal development, announced on July 2, 2024, highlights the culmination of MAPFRE RE’s decades-long collaboration and strategic initiatives within the Chinese market. The introduction of this new branch is set to enhance

July 8, 2024

FinTech Insurance

Lumera Expands UK Market Reach with Strategic Acquisition of ITM

In a major strategic move, Lumera, a pioneering InsurTech firm renowned for spearheading digital transformation within the European life and pensions sector, has announced its largest acquisition to date: ITM. This acquisition is poised to significantly enhance Lumera’s presence, capabilities, and service offerings, particularly within the UK policy administration systems (PAS) market. Lumera’s acquisition of ITM not only marks a

July 5, 2024

FinTech Insurance

Zurich and Aon Unveil Comprehensive Insurance for Clean Hydrogen Projects

The new partnership between Zurich Insurance Group and Aon plc is set to transform the insurance landscape for clean hydrogen projects. Targeting blue and green hydrogen initiatives, the duo’s groundbreaking insurance facility is poised to cover extensive capital expenditures, thereby facilitating a smoother global transition to clean energy solutions. Engaging with customers over the past two years, Zurich and Aon

July 5, 2024

FinTech Insurance

LB Forsikring Enhances Competitiveness with Akur8’s AI-Powered Pricing

The fintech and insurtech sectors are rapidly evolving, with companies continually seeking innovative solutions to enhance their competitiveness and efficiency. A significant development in this dynamic landscape is the partnership between LB Forsikring, a leading Danish property and casualty (P&C) insurance company, and Akur8, a cutting-edge insurance pricing solution powered by machine learning. This collaboration aims to leverage advanced technological

July 5, 2024