The California FAIR Plan, through the Fair Access to Insurance Requirements (FAIR) Plan, has partnered with ZestyAI, a leading provider of property intelligence, to utilize ZestyAI’s innovative Z-FIRE wildfire risk analytics tool. This collaboration aims to revolutionize the assessment of wildfire threats in California, offering more accurate risk assessment and tailored premium rates for policyholders. The Purpose of the Union
Leading insurance core technology provider Socotra has recently made headlines as it steps into its role as the title sponsor of InsureTech Connect 2023 in Las Vegas. This significant move comes on the back of the company’s aggressive growth and steady recognition for its efforts within the insurance industry. Socotra’s commitment to delivering innovative solutions, exceptional customer experiences, and operational
In a breakthrough move, Shippo, the leading shipping and logistics platform, has introduced Shippo Total Protection, a game-changing solution that provides merchants with comprehensive protection, global coverage, and seamless claims handling. This enhanced insurance offering opens up a world of possibilities for Shippo’s vast network of 100k+ merchants, enabling them to cover not only an order’s total value but also
Insurtech Pattern has made an exciting announcement with the launch of FlexIt, a groundbreaking service that aims to revolutionize the concept of cancellation flexibility for non-refundable bookings. This innovative solution provides customers with an immediate and hassle-free cancellation option, effectively transforming non-refundable bookings into refundable ones. Overview of FlexIt Service FlexIt has been meticulously designed to address the pain points
The Israeli InsurTech Accelerator program has emerged as a transformative force, driving innovation and propelling the growth of startups within the country. It has established Israel as a thriving hub for InsurTech, with nearly 200 active startups and an impressive lineup of six unicorn companies. This accelerator program has not only fostered an environment of innovation but has also facilitated
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
