In the ever-twisting world of the insurance industry, the journey from stability to chaos and back seems almost cyclical. Recent years have accentuated this pattern, with the sector facing unprecedented challenges that call for an equally unprecedented response. It’s an environment that has forced insurers and actuaries alike to rethink traditional methods and embrace new strategies in order to not
Devonshire Underwriting’s expansion into the European market couldn’t be timelier. The continent is on the brink of a significant economic shift, underpinned by a resurgence in mergers and acquisitions (M&A) activity that suggests ripe opportunities for transactional risk (TR) solutions. Having secured approval from Lloyd’s, the renowned insurance market, Devonshire is now set to tap into key European regions bustling
As an entrenched player in the global insurance market, Lloyd’s has long been synonymous with robust financial services and strategic market engagement. Now, with eyes set on furthering their reach, the company has announced plans to establish a new office in Miami. This move is more than just a geographical expansion—it’s a strategic bid to tap into the burgeoning insurance
In the ever-evolving landscape of the InsurTech industry, Steadily has carved its niche as a versatile provider of insurance solutions tailored for landlords across America. Since its inception in 2020, it has sought to cover a wide array of property types, making it a go-to for those handling everything from single-family homes to extensive Airbnb rental networks. Parallel to this,
In a strategic move to enhance their service offerings in the global insurance sector, M&G Investments, a leading international asset management firm, has entered into a partnership with Clearwater Analytics, a trailblazer in investment management technology. This alliance is set to revolutionize the way M&G handles investment accounting, specifically catering to the needs of their third-party insurance clientele. By embracing
In the ever-evolving landscape of civil rights, a recent court ruling concerning the rights of a transgender individual has sparked a significant response from a coalition of Republican attorneys general. The ruling by the 11th U.S. Circuit Court of Appeals in Lange v. Houston County, Georgia has been met with disapproval from 23 state attorneys general who argue that it
In the complex terrain of employment law, the Fair Labor Standards Act (FLSA) often becomes a battlefield where job titles and duties are carefully examined to determine an employee’s right to overtime pay. A pivotal decision by the 11th U.S. Circuit Court of Appeals thrusts this intricate scrutiny into the spotlight, as former call center employees of a Florida auto
In a significant ruling that highlights the complexities of employment law and the scope of employee rights, the 11th Circuit Court of Appeals has made a decision that both employers and employees should take note of. This ruling involves a long-standing dispute between a professor and the administration of Alabama Agricultural and Mechanical University (AAMU), centering around the interpretation of
In a world where financial security is increasingly paramount, Katapult, a trailblazer in e-commerce-focused financial solutions, has teamed up with Harmonic Financial Technology to introduce an innovative safety net for consumers: Katapult Layoff Insurance. This pioneering product provides a cash benefit of up to $2,000, offering substantial support for individuals facing involuntary job loss. Accessible through Katapult’s mobile app and
In a world where digital innovation dictates the pace, the insurance industry is not falling behind. Professionals are adopting groundbreaking tools that augment their ability to sift through complex datasets with ease, transforming the arcane rituals of risk assessment into a modern analytical ballet. Foremost among these tools is “hx Renew,” introducing Custom User Interface Components (CUICs) to the market.
In recent years, businesses in South and Southeast Asia have been grappling with an escalation in cyber threats, prompting the necessity for advanced security measures. The strategic partnership between Lexasure Financial Group Limited and OneDegree Global marks a significant stride in the battle against cyber vulnerabilities. Through the inception of a novel cyber insurance platform, these businesses are poised to
In a bold move set to reshape the insurtech landscape, Honeycomb Insurance has launched a pioneering property qualification program, designed to greatly simplify the process for agents and brokers serving the commercial property sector. Specifically targeting condominiums and other commercial properties, Honeycomb’s “AQ” program is an ingenious integration of technology with the insurance domain, providing valuable insights at unprecedented speeds.
