In a strategic move to revolutionize the insurance sector, wefox has announced the appointment of Mr. Onnen as the company’s Chief Technology Officer. Additionally, Sergi Banos has been promoted to the role of Chief Platform Officer as the company prepares to launch its innovative platform connecting the insurance ecosystem. These developments underscore wefox’s commitment to leveraging technology to reshape the
Retailers face a significant challenge when it comes to transit-related complaints. These complaints not only cause frustration for customers but also impact the retailers themselves, often resulting in the loss of valuable customers. However, with the support of Vitesse, Anansi is stepping in to provide relief and transform the transit insurance experience. Impact on Retailers When it comes to complaints
PYREG, a leading provider of carbonization technology, and Kita, an innovative carbon insurance company, have signed a Memorandum of Understanding (MOU) to develop the world’s largest durable biochar carbon removal project pool. This collaboration aims to utilize biochar, a carbon-negative product that removes and stores carbon from the atmosphere for thousands of years, as a versatile climate mitigation solution. In
In a strategic partnership aimed at enhancing the travel experience for passengers, Cover Genius, a leading insurtech for embedded protection, has teamed up with SAS, Scandinavia’s renowned airline, to introduce a new, exclusive, and customized protection program. This exciting collaboration will revolutionize the way travellers safeguard themselves during their journeys, offering comprehensive coverage and a seamless claims process. Coverage Scope
Mercer, a subsidiary of Marsh McLennan, has successfully finalized a significant longevity hedge, marking a milestone in risk reduction for the MMC UK Pension Fund. This groundbreaking hedge, valued at approximately £2bn, extends longevity risk transfer to encompass over 14,500 pensioner, deferred, and active defined benefit (DB) members. Details of the Longevity Hedge The longevity hedge implemented by Mercer covers
In a groundbreaking partnership that aims to transform the insurance industry, One Inc, a leading digital payments network exclusively focused on the insurance sector, has joined forces with J.P. Morgan Payments, a global leader in payment processing. With a shared mission to revolutionize Property and Casualty (P&C) insurance claims payments, the collaboration leverages J.P. Morgan’s extensive liquidity and payment capabilities
The Providing Urgent Maternal Protections for Nursing Mothers Act, or PUMP Act, has brought about significant changes in federal law, expanding protections for nursing employees. In a recent webinar, Susana Sanchez, a wage-and-hour investigator for the U.S. Department of Labor, shed light on the Act’s impact. Previously, only nonexempt workers were entitled to time and space to pump, but the
In today’s highly competitive business world, protecting sensitive information has become a top priority for organizations. One legal instrument that plays a crucial role in safeguarding your organization’s interests is a confidentiality statement. This article aims to provide a comprehensive understanding of what a confidentiality statement entails, its importance, and how to draft an effective one. Definition of a Confidentiality
In a recent employment case, an employee who used cannabis for back pain was unfairly dismissed. This article explores the conflicting drug test results that played a crucial role in the case, the subsequent impact on the employee’s mental health, an assessment of the claimant’s conduct, the violation of company policy and contract, the justification for dismissal by the employer,
Hyperexponential, a leading provider of pricing decision intelligence (PDI) solutions, and Akur8, a specialist in Transparent Artificial Intelligence technology, have announced their strategic partnership. The collaboration aims to integrate their complementary capabilities to offer insurers an automated, data-driven system for accurately pricing commercial and specialty insurance products. This article delves into the details of this groundbreaking partnership and the benefits
Pro MGA Global Solutions (Pro MGA) has been appointed by technology-led underwriter Arbol Inc to support its UK launch and international MGA expansion strategy. This partnership aims to bolster Arbol’s presence in the UK and offer innovative climate risk solutions to international insurance markets outside the U.S. Arbol’s UK Expansion Arbol is expanding into the UK by launching a London-based
Anzen, the AI platform for underwriting and reducing corporate risk, has recently announced the launch of its Anzen Specialty Marketplace. This marketplace serves as a one-stop solution for all things Executive Risk, delivering on the company’s promise to provide comprehensive and efficient risk management services. Background of Anzen Originally established as a Management Liability MGU and risk management platform, Anzen
