MIS, a leading geospatial intelligence provider, is delighted to announce the extension of its successful partnership with the Lloyd’s market. As a pioneer in providing advanced data and imagery solutions for the global insurance industry, MIS has equipped the Lloyd’s market with its innovative Global Events Observer (GEO) platform. Accessible to all qualifying Lloyd’s Managing Agents, GEO expedites claims decisions,
In a recent investment round led by Eos Venture Partners, Mulberri, a rising player in the insurance industry, has successfully raised a substantial sum of $6.75 million. This fresh injection of capital serves as a pivotal moment for the company, expressing the unwavering confidence investors have in its innovative business model and future growth prospects. Significance of Investment The significant
The National Labor Relations Board (NLRB) has recently taken a series of actions that favor employees, raising concerns among employers about the potential consequences. These moves include invalidating confidentiality and nondisparagement provisions in employment agreements, asserting the position that most noncompete agreements are illegal, and imposing stricter scrutiny on workplace rules. In this article, we will delve into each of
In response to the escalating global threat of cyber-attacks and the increasing importance of the cyber insurance market, KYND Limited and Consilium have formed a strategic partnership. This collaboration aims to equip insurance brokers with cutting-edge cyber risk assessments from KYND, enabling them to gain in-depth insights into prospective and existing clients’ exposure to cyber risks. With an anticipated market
As Ukraine continues to grapple with the consequences of an ongoing war, Marsh McLennan’s new facility, Unity, offers a glimmer of hope for the country’s struggling economy. This innovative insurance solution aims to support Ukrainian grain exports and alleviate the challenges posed by the blockade of Ukrainian grain ports by Russia. By providing affordable and comprehensive coverage for shipowners and
In a significant development aimed at broadening connections across various industries, Turkish President Recep Tayyip Erdogan and Greek Prime Minister Kyriakos Mitsotakis have joined forces in an agreement, with a particular focus on the reinsurance sector. This partnership holds great potential for enhancing bilateral relations and fostering mutual growth and development between Turkey and Greece. Friendship Declaration and Enhanced Tourism/Cultural
In an era of technological advancements and an increasingly connected world, the insurance market is witnessing a surge in the use of data collection from alternative sources. Insurers, alongside insurtech ventures, have traditionally relied on insureds’ information obtained through proposal forms to assess risks and set policy prices. However, the rise of wearable technology and other innovative data sources has
CyberCube, a leading provider of analytics for the cyber insurtech industry, has released Account Manager v5, a new version of their portfolio modelling product called Portfolio Manager. This latest update further enhances the capabilities of Account Manager, allowing clients to quantify the impact of individual accounts on their overall portfolio’s loss profile. With this powerful tool at their disposal, underwriters
In a groundbreaking move, VOOM Insurance, an innovative Insurtech company at the forefront of the future of mobility, is set to launch its latest offering – VOOM & Drive. This usage-based insurance auto policy is designed specifically to cater to the needs of rideshare and delivery drivers in the gig economy. With personalized rates and a focus on affordability, VOOM
With the rise of fraudulent insurance claims, Allianz, a leading insurance company, remains committed to staying one step ahead through the implementation of artificial intelligence (AI) technology. By leveraging their innovative tool, “Incognito”, Allianz aims to effectively identify and tackle potentially fraudulent claims, ensuring the protection of their genuine customers and their premiums. The Role of Incognito in Identifying Potential
Marble, the innovative insurance platform, is on a mission to simplify insurance for its members. In collaboration with Fletch, a leading provider of insurance solutions, Marble takes this mission a step further by offering a wider range of pet insurance providers through their shopping marketplace. This partnership aims to ensure that Marble members can easily access trusted pet insurance options
The U.S. Supreme Court recently engaged in a thought-provoking discussion on the actions that should be classified as actionable discrimination against workers under Title VII of the 1964 Civil Rights Act. This examination aimed to determine how the court should distinguish between various types of discriminatory workplace policies and establish when they can be deemed injurious under Title VII. The
