Implementing a large-scale technology solution in a short timeframe is a challenging feat, yet Duck Creek Technologies achieved this remarkable milestone by delivering HDFC ERGO General Insurance’s new core insurtech solution in just nine months. This technological advancement marks significant progress in India’s digital insurance landscape. The collaboration between Duck Creek and HDFC ERGO aimed to create a more accessible,
The carbon market is a crucial component of global climate change mitigation efforts, yet it has been plagued by issues of credibility, trust, and effective risk management. The recent strategic partnership between Oka, The Carbon Insurance Company™, and Socotra signifies a transformative approach to addressing these challenges. By introducing innovative insurance solutions that mitigate risks associated with carbon credits, this
The fintech and insurance sectors are undergoing significant transformations driven by innovative product launches, strategic collaborations, and a shared focus on digital enablement. This evolution is marked by a confluence of emerging trends, pivotal engagements, and technological advancements aiming to enhance operational efficiency and risk management strategies. Partnership and Collaboration Driving Modernization through Strategic Alliances One of the hallmarks of
The recent ruling by the 5th U.S. Circuit Court of Appeals has drawn significant attention to a controversial issue involving the National Labor Relations Board (NLRB) and its interpretation of misconduct protection under the National Labor Relations Act (NLRA). The case in question scrutinizes the Board’s attempt to overturn an earlier decision regarding standards for assessing misconduct within the context
The topic of mandatory diversity, equity, and inclusion (DEI) training has become increasingly prevalent in today’s corporate landscape. Companies across various industries are implementing these programs to promote a more inclusive workplace culture. However, the question arises: Is failing to complete such training a justifiable reason for terminating an employee? The recent legal case of *Vavra v. Honeywell International, Inc.*
Brookfield Asset Management, one of the world’s largest private capital groups, is making headlines with its plan to establish a new insurance entity in the UK. This bold move is particularly significant as it aims to capture a substantial share of the UK’s burgeoning corporate pension sector. It’s a step that underscores the intricate relationship between rising interest rates, the
Medical tourism is experiencing exponential growth, with more people crossing borders to seek quality healthcare. However, the industry faces numerous challenges, particularly in the realm of cross-border payments. Traditional payment methods often lead to inefficiencies and problems such as hidden costs, exchange rate complexities, and fraud risks. Recently, Mastercard has teamed up with the Medical Tourism Association (MTA) in an
The landscape of digital payouts within the banking sector is poised for significant evolution with the partnership of Onbe, a leader in corporate payouts, and ZSuite Tech, a fintech innovator specializing in commercial escrow and subaccounting solutions. This collaboration aims to enhance the digital disbursement capabilities of banks, benefiting both the institutions and their clients in varied industries such as
The recently signed Memorandum of Understanding (MoU) between the Association of British Insurers (ABI) and Insurtech UK has ignited discussions about the future of innovation in the UK’s insurance sector. This strategic initiative aims to create a bridge between traditional insurance companies and dynamic insurtech startups, ensuring the UK remains a global leader in insurance technology and innovation. By fostering
In recent developments aimed at fortifying workplace safety, the Equality and Human Rights Commission (EHRC) is poised to release new guidance targeting the prevention of sexual harassment. As part of this initiative, set to align with the Worker Protection Act coming into force on October 26, 2024, the EHRC’s new measures are designed to instill a proactive approach in employers,
In an ambitious move to foster analytical skills and develop industry-leading talent, Howden Re and Moody’s have announced a three-month reciprocal early careers talent exchange program. Kicking off from July 1, 2024, to September 27, 2024, the initiative aims to broaden professional exposure and enrich the skill sets of young analysts through a unique cross-company experience. This strategic collaboration seeks
Aurora, an emerging managing general agent (MGA) in the insurance market, has recently launched a flagship commercial combined insurance product specifically designed for small and medium-sized enterprises (SMEs). This innovative product, supported by AXA insurance, aims to revamp how SMEs access and manage their insurance needs through automation and advanced technology. By leveraging contemporary tech solutions, Aurora aims to simplify,
