The insurance industry, like many others, is undergoing a significant transformation with the upcoming implementation of Blueprint Two. As industry players gear up for this shift, brokers find themselves at the forefront of discussions. The main focus of the discourse has been the readiness of brokers to embrace the first phase of Blueprint Two, with a mandated deadline of July
Norton Rose Fulbright, a global law firm, is currently inviting entries for its seventh Insurathon, an illustrious competition that fosters innovation in the InsurTech sector by supporting start-up and scale-up technology businesses. This initiative is not just a contest; it is a cradle of technological advancements in the insurance industry, pushing the boundaries of what is possible. Support for Start-up
Global law firm Norton Rose Fulbright has opened the doors to its seventh Insurathon competition, offering support and investment to start-ups and scale-ups in the insurance sector. The competition aims to foster technological advancements and innovation within the industry, providing a platform for emerging businesses to showcase their ideas and solutions. Past Support and Investment Since the launch of the
Keystone Agency Partners (KAP), a leading insurance brokerage platform, has achieved a significant milestone by securing an additional $330 million in financing. This recent capital injection has propelled KAP’s total raised capital to a remarkable $1 billion, attracting oversubscription from existing lenders. The company’s financial success and steady growth are a testament to its strong position in the industry. Financial
Diversity, equity, and inclusion (DEI) programs have become an integral part of corporate efforts to create more inclusive work environments. These initiatives aim to address historical inequalities and promote equal opportunities for underrepresented groups. However, the legal landscape surrounding DEI programs has become increasingly complex, as exemplified by Pfizer’s recent experience. This article delves into the lawsuit brought against Pfizer
Newgen, a leading provider of content services and digital transformation solutions, has recently announced the availability of their state-of-the-art Guidewire Cloud-validated accelerators on the Guidewire Marketplace. This collaboration between Newgen and Guidewire opens up a world of possibilities for users of Guidewire ClaimCenter and PolicyCenter on Guidewire Cloud, offering them enhanced experiences and improved efficiency in their daily operations. Collaboration
In a significant ruling, Administrative Law Judge Susannah Merritt has ordered UWM, a prominent mortgage lender, to rescind unlawful portions of its employment contract and distribute a revised version to both current and former employees. Merritt concurred with federal prosecutors, concluding that large sections of the contract were overly broad, ambiguous, and discriminatory. This decision stems from a case that
Less than two months remain before the March 11 effective date of the U.S. Department of Labor’s independent contractor final rule, and legal challenges are mounting. The rule, which institutes a “totality-of-the-circumstances” framework for analyzing independent contractor status based upon six nonexhaustive factors, has faced criticism and pushback from various groups. These challenges highlight potential financial implications for workers and
Erie Strategic Ventures, the venture capital arm of Erie Insurance, has recently announced investments in three innovative startups operating in the personal and commercial insurance value chain. This move reinforces the company’s commitment to supporting technological advancements and enhancing the insurance experience for its customers. The investments span across tech-enabled pet wellness and insurance, AI-powered insurance operations, and digital estate
North Star Mutual, a leading insurance company, made a significant stride in underwriting by deploying Kalepa’s Copilot in June of 2023. The implementation of Copilot has revolutionized their underwriting processes across property, liability, and umbrella lines of business. This article delves into the impact of Copilot on North Star Mutual’s underwriting operations and its commitment to providing long-lasting coverage for
In a bid to improve medical outcomes for injured workers, the workers’ compensation insurance provider MEMIC has partnered with CLARA Analytics. By leveraging CLARA Optics, a cutting-edge AI platform, MEMIC aims to streamline claims management processes, reduce administrative burdens, and ultimately enhance the overall experience for injured workers and their employers. CLARA Optics: Improving Efficiency and Reducing Administrative Burden One
The Canadian Automobile Association (CAA) has joined forces with Securian Canada to introduce a new range of life, health, and dental insurance solutions. This partnership aims to provide CAA’s membership base of over seven million members with innovative insurance products and a digital-first customer experience. The collaboration between Securian Canada and CAA aims to bring forth a suite of insurance
