Insurtech startup QuoteWell has emerged from stealth mode, unveiling its “innovative” approach to the insurance industry. Led by CEO and Founder Joey Bouchard, the company aims to address the underserved segment of the insurance industry while leveraging the power of technology. QuoteWell’s unique semi-automated approach combines human expertise with advanced technological solutions, promising to streamline processes and deliver exceptional outcomes.
The United States has a large and intricate insurance system that plays a crucial role in safeguarding individuals and businesses from various risks. However, insurance policies, especially those relating to health and property insurance, have become notorious for their complexity. In response to these challenges, insurtech firms are utilizing advanced data analytics and artificial intelligence (AI) to simplify insurance plans,
In the current work landscape, where remote work has become the norm, employers are faced with the challenge of accommodating employee requests related to returning to the office. However, amid this shift, a staggering disconnect has emerged. Data from Slack indicates that while only 12% of employees want to be in the office full time, a surprising 50% of leaders
Cutting-edge travel insurance provider battleface has announced an exciting new partnership with Stella Insurance, an Australian company created by and for women. This strategic collaboration aims to revolutionize the travel insurance industry by offering a customizable and seamless travel experience through battleface’s modular API functionality and Stella Insurance’s innovative digital approach. Strategic Collaboration The partnership between battleface and Stella Insurance
On August 2, 2023, a significant development occurred in labor law as the National Labor Relations Board (NLRB) adopted a new standard for evaluating the legality of workplace rules under the National Labor Relations Act (NLRA). This landmark decision will have far-reaching implications for employers in both unionized and nonunionized settings. It is imperative for employers to carefully review their
The updated Davis-Bacon and Related Acts Regulation officially took effect earlier this week, following the publication of the final rule in the Federal Register in August 2023. This significant development reflects the commitment of the Biden-Harris administration to ensure fair wages and benefits for workers in federally funded construction projects nationwide. By modernizing the Davis-Bacon and Related Acts (DBRA), the
Leading insurance core technology provider Socotra, in collaboration with eight members of its Partner Network, is set to host a unique networking event at this year’s InsureTech Connect conference in Las Vegas, Nevada. The event, titled Insurtech on Tap, aims to foster communication, camaraderie, and creativity among the finest minds in insurance and technology. Insurtech on Tap Taking place on
In recent years, there has been a significant shift in marijuana laws across the United States. Currently, 18 states (plus Washington, D.C.) have implemented laws that permit the cultivation, possession, and use of marijuana for all adults, while 39 states have legalized some form of medical marijuana program. As the cannabis legalization debate moves from the states to the halls
Canopy Connect, a leading provider of insurance data verification solutions, has recently concluded a successful Series A funding round, raising an impressive $6.5 million. The funding was led by Naut Ventures, with participation from notable investors such as Elefund, Nimble Partners, LocalGlobe, 9Yards Capital, and Global FinTech Venture Partners. This significant investment marks a pivotal moment for Canopy Connect as
In a significant leap towards revolutionizing the Indian insurance industry, Plum, a leading InsurTech platform, has unveiled its groundbreaking digital-first solution called “e-imburse”. This innovative platform aims to simplify and expedite the reimbursement claims process, promising to cut down the average time from 7 days to just one hour. With its user-friendly interface and robust security features, ‘e-imburse’ sets a
DGTAL, a Software-as-a-Service (SaaS) platform known for providing cutting-edge artificial intelligence (AI) solutions for insurance portfolios, has announced the launch of its latest tool, GRABBER. Designed as an Intelligent Document Processing tool, GRABBER aims to revolutionize data understanding, extraction, and validation. Leveraging the power of optical character recognition (OCR), natural language processing (NLP), computer vision, machine learning (ML), and AI,
CoverForce, an innovative InsurTech company, has made waves in the insurance industry with its dynamic suite of products tailored for agency networks, wholesalers, and software firms. The company’s objective is to digitize the traditionally offline insurance market, offering swift and accurate insurance comparisons and purchases with just a single click. In this article, we will explore how CoverForce is revolutionizing
