The German InsurTech startup ELEMENT has successfully raised €50 million in funding, demonstrating strong investor confidence in its innovative approach to digital insurance. Key contributors included Versorgungswerk der Zahnärztekammer Berlin K.d.ö.R. and Alma Mundi, supporting ELEMENT’s vision of reshaping the insurance landscape with technology. Although the initial goal was to secure €100 million, the substantial capital raised by ELEMENT endorses
The Americans with Disabilities Act (ADA) is a critical piece of civil rights legislation that seeks to ensure individuals with disabilities are granted the same rights and opportunities as everyone else. At the heart of the ADA, regarding employment, is Title I, which prohibits discrimination against people with disabilities in several areas including job application procedures, hiring, firing, advancement, compensation,
Amid the surge of cryptocurrency thefts, M2 Recovery has innovatively developed the first insurance plan specifically tailored to shield cryptocurrency investors from the financial burden of legal expenses incurred while reclaiming stolen digital assets. This pioneering insurance policy is a strategic response to a growing concern within the cryptocurrency community, providing a much-needed safety net against the volatility and risks
As climate change elevates the risk of extreme weather events, the need for innovative disaster risk mitigation is more critical than ever. Enter Faura, an insurtech startup, which has recently gathered $500K in seed funding to tackle this challenge head-on. Under the leadership of Valkyrie Holmes, CEO, Faura aims to disrupt how homeowners approach the growing menace of natural disasters.
Verisk welcomes Greg Hendrick as its newest independent director, bringing over three decades of rich experience in insurance and reinsurance. Hendrick’s deep industry knowledge, honed through his time at Vantage Group and other leading institutions, makes him well-equipped to guide Verisk through the evolving landscape of insurance. His appointment is a strategic move by Verisk to enhance its analytical capabilities
In a world where cyber threats are constantly evolving, companies face a significant challenge in protecting their financial interests through risk management. The insurance landscape is no less volatile, prompting a need for more flexible and resilient solutions. Marsh’s subsidiary, Edgware Re Ltd., is a pioneering response to this need, offering a group captive that is reshaping the cyber insurance
Clearcover is pioneering change within the auto insurance sector by integrating Generative AI technology into their claims procedure. This transformative approach focuses on refining the way statements are collected—a crucial but often protracted and error-prone stage. The advent of this technology is set to expedite the claims process by eliminating inefficiencies and improving accuracy. Clearcover’s innovation not only aims to
The landscape of transgender rights within the workplace has taken a monumental turn with the Supreme Court’s landmark decision in Bostock v. Clayton County, Ga. This ruling heralded the interpretation of Title VII of the 1964 Civil Rights Act to include sexual orientation and gender identity among the protected classes against employment discrimination. Consequently, employers are prohibited from firing, refusing
South Korea’s insurance sector is experiencing a significant shift, driven by the tech-savvy approaches of Kakao and Naver—companies initially famed for their messaging and search engine capabilities. By venturing into insurance, these digital behemoths are setting new standards for the industry, harnessing the power of cutting-edge technologies to craft services that are deeply attuned to the modern consumer’s needs. With
The U.S. Department of Labor (DOL) has taken a staunch stance on upholding labor laws, significantly impacting the lives of workers at the Naval Air Weapons Station China Lake. By carrying out thorough investigations, the DOL has successfully identified and addressed instances where labor laws were not being followed, ultimately recovering over $1.5 million in wages for 413 employees. These
The insurance sector is currently undergoing a profound change due to the increasing unpredictability of weather stemming from climate change. This is generating a need for new insurance products that can offer swift claims resolutions and transparent processes. In response to this need, Chaucer has stepped up by introducing innovative parametric weather insurance solutions. These products are on the cutting
In a groundbreaking move within FinTech, Qover, a leader in Insurtech, has teamed up with Yonder, a prominent UK-based credit card FinTech. This strategic partnership exemplifies innovation by uniting two distinct sectors. It’s an ambitious effort to revolutionize the landscape of insurance and financial services. For customers, this means an exciting new range of combined offerings that promise to deliver
