Lydia, the mobile banking application, has joined forces with insurtech Qover to introduce a seamless travel insurance experience. This collaboration, exclusively available to Lydia’s premium cardholders known as Black+ users in Belgium, France, Portugal, and Spain, aims to revolutionize the way users engage with insurance. Powered by Qover’s embedded insurance orchestration platform, backed by Zurich and Cover-More, this partnership creates
McDonald’s, the global fast-food giant, has recently announced its plans to conduct a comprehensive survey of its 2,000-plus U.S. franchisees regarding their employment practices concerning children. This initiative is part of McDonald’s People Brand Standards process, aimed at ensuring compliance with child labor laws and protecting the rights and well-being of young workers. The decision comes in the wake of
A jury has delivered a verdict against Thomas Jefferson University and Thomas Jefferson University Hospitals, Inc., ordering them to pay $15 million to a plaintiff—an orthopedic surgeon who held clinical privileges and a faculty appointment. The jury found the university guilty of violating Title IX by failing to conduct a proper investigation into the surgeon’s claims of sexual misconduct against
OneShield, a trailblazer in core systems for the insurance industry, has recently announced a strategic partnership with Coforge. This collaboration aims to revolutionize customer success on the OneShield Enterprise SaaS platform. With a shared commitment to empowering clients, the objective of this partnership is to enhance the user experience on the OneShield platform and drive innovation in the insurance sector.
AXA UK & Ireland has announced the appointment of Alain Zweibrucker as the CEO of AXA Retail, pending regulatory approval, effective from 2nd January 2024. This significant development comes as AXA UK & Ireland continues to reinforce its commitment to delivering innovative insurance solutions to meet the evolving needs of its customers. Zweibrucker’s new role will also include membership on
SimplePin, the pioneering cloud-based payments infrastructure provider tailored for the insurance industry, is delighted to announce the addition of Axis to its esteemed client portfolio. This strategic collaboration signifies a significant step forward in simplifying payment acceptance and enhancing the overall customer experience for Axis, leveraging SimplePin’s advanced FinTech solutions. CEO’s enthusiasm Metod Topolnik, Founder and CEO of SimplePin, expressed
ARMD, the award-winning InsurTech dedicated to serving the underserved tradespeople market in the UK, has announced the launch of a new insurance product aimed at providing comprehensive protection to tradespeople and opening doors for brokers and intermediaries. The product, known as “ARMD Tools In Transit”, offers up to £10,000 coverage for tools left securely in a van 24/7. This innovative
The European Union (EU) has taken a momentous step towards enhancing the rights and well-being of digital platform workers. Regulators from the EU have agreed to a “revolutionary” agreement that aims to improve their working conditions. Negotiators from the European Parliament and Council reached a provisional agreement last week over a bill that covers the first-ever EU rules on algorithmic
Activision Blizzard, a prominent video game company, has recently agreed to pay $54 million to settle allegations of maintaining a workplace culture rampant with harassment and discrimination. This settlement arises from a lawsuit filed by California’s Department of Fair Employment and Housing in 2021, which accused the company of fostering a pervasive ‘frat boy’ culture resulting in mistreatment of women
In today’s fast-paced business environment, companies are constantly seeking ways to streamline processes and improve efficiency. InsurePay’s Pay-as-you-go, a cutting-edge solution, aims to enhance the policyholder user experience for MEM by offering a streamlined payment process for businesses. By relying on real-time payroll data to calculate workers’ comp premiums, this innovative solution brings about more timely and accurate premium payments
In a recent settlement reached between a Wisconsin-based molecular diagnostics company, Exact Sciences, and the U.S. Equal Employment Opportunity Commission (EEOC), allegations of age discrimination in the hiring process have come to light. The EEOC filed a lawsuit against Exact Sciences, claiming that the company discriminated against a 49-year-old job applicant on the basis of age. This case sheds light
In today’s rapidly evolving digital landscape, the insurance industry is increasingly turning to artificial intelligence (AI) to revolutionize its operations. With insurance-facing AI capabilities predicted to reach a global market value of almost $80 billion by 2030, there is significant potential for insurers to discover new value-add use cases and revenue streams. This article explores the transformative power of AI
