In today’s rapidly evolving digital landscape, businesses across industries are recognizing the need to modernize their operations and systems. This is particularly true for insurance carriers, which face the challenges of outdated on-premises legacy systems. However, a trailblazing solution has emerged – Korr’s cloud-native core operating system. It offers a transformative approach to migrate on-premises legacy systems to the cloud,
Marsh, a leading insurance brokerage and risk management firm, has announced the launch of ReadyCell, a groundbreaking solution aimed at simplifying risk financing strategies for organizations. Leveraging the power of artificial intelligence (AI) technology, ReadyCell allows for swift establishment of personal insurance entities within Marsh’s esteemed Mangrove Protected Cell Facility. This innovative platform significantly simplifies the usually complex and time-consuming
In a bid to revolutionize travel insurance solutions, Blink Parametric, an InsurTech company specializing in parametric insurance, has forged a partnership with Baloise, a leading Swiss insurance service provider. This collaboration aims to integrate Blink Parametric’s advanced travel insurance solutions into Baloise’s single-trip travel insurance policies, creating a more comprehensive and proactive approach to protecting travelers. Integration of Advanced Travel
Roadzen Inc., a leading auto insurance company leveraging artificial intelligence (AI) to transform the industry, has announced the appointment of Jean-Noël Gallardo as its new Chief Financial Officer (CFO). With a strong background in financial planning, analysis, treasury management, compliance, fundraising, and mergers and acquisitions (M&A), Gallardo is expected to play a key role in Roadzen’s continued growth and expansion.
London-based pricing decision intelligence (PDI) software provider, Hyperexponential, has successfully closed its Series B funding round, securing $73 million. Led by Battery Ventures, a global technology-focused investment firm, the round also saw participation from Silicon Valley investor a16z and existing Series A investor Highland Europe. This substantial funding will enable Hyperexponential to drive its U.S. expansion plans, including the opening
In a groundbreaking collaboration, Blink Parametric and Baloise, one of the leading Swiss insurance service providers, have joined forces to introduce a suite of innovative travel insurance solutions. This partnership aims to transform the travel insurance landscape by providing customers with real-time, tailor-made digital travel assistance products. With a focus on meeting the evolving needs of travelers, Baloise is rolling
Checkatrade, the UK’s largest trade directory, has announced a strategic collaboration with Superscript, a leading small business and startup insurance distributor. This partnership aims to provide comprehensive insurance coverage to Checkatrade’s extensive network of 47,000 members. With a commitment to meeting The Checkatrade Standard and undergoing diligent vetting checks, these members are now required to have appropriate insurance coverage. Superscript
A social worker who shared gender-critical beliefs online has emerged victorious in her claim against both her employer and a professional regulator for harassment. This groundbreaking case highlights the importance of upholding the freedom of thought and the manifestation of beliefs, as protected by Articles 9 and 10 of the Human Rights Act. Background Information The case revolves around a
The U.S. Department of Labor recently made a significant announcement regarding Beyond Yoga contractors. These contractors have been ordered to pay a total of $1.1 million in back wages and damages to 165 Los Angeles-based garment workers. The investigation conducted by the department revealed that four contractors associated with the popular apparel brand “willfully failed to pay” overtime wages to
The U.S. Department of Labor (DOL) recently unveiled its final rule, revising the interpretation of the Fair Labor Standards Act’s classification provision to determine whether a worker should be considered an independent contractor. This rule holds significant implications for employers and workers, aiming to establish a consistent framework for determining employment status and ensuring fair treatment. The Final Rule and
In the fast-paced insurance industry, customer experience (CX) reigns supreme. Insurers are increasingly recognizing that providing a superior CX is the key to success. In this article, we explore the importance of CX, consumer preferences, the power of Generative AI (GenAI), and how it can transform the industry. We’ll also delve into the specific tenets for an efficient CX platform
DigitalOwl, an insurance technology company, has recently secured a significant $12 million investment from Reinsurance Group of America, Incorporated (RGA). This investment marks a strategic partnership between the two companies and paves the way for the integration of DigitalOwl’s advanced AI technology into RGA’s systems through a long-term global partnership. The collaboration aims to further aid platform development and enhance
