In a transformative move, industry leaders LexisNexis Risk Solutions and Agenium have joined forces to integrate data and analytics into the life insurance application process. This alliance aims to enhance the application journey by leveraging advanced technology to detect fraud, collect accurate consumer data, and create a seamless experience for both consumers and producers. Importance of Integration The integration of
In a significant move towards ensuring workplace safety, California Governor Gavin Newsom signed Senate Bill 553 on September 30, 2023. This bill creates new workplace violence prevention standards in the state. Under Labor Code Section 6401.9, California employers are now obligated to implement workplace violence prevention plans tailored to their specific workplaces. With the law set to go into effect,
Discrimination in hiring practices is not only unjust but also detrimental to workforce diversity and the talent pool. Kforce, a national staffing agency, recently found itself in hot water when it was charged with violating the Immigration and Nationality Act (INA) by engaging in hiring discrimination based on citizenship status. The Department of Justice (DOJ) has since reached a settlement
In an effort to simplify the integration process for its B2B2C partner companies, Chubb has unveiled its latest innovation, Chubb Studio. This cutting-edge developer portal aims to enhance accessibility and streamline the testing of Chubb’s diverse digital insurance products and capabilities. With this launch, Chubb is taking a significant stride towards transforming the insurance landscape, empowering its partners to deliver
Kita, a leading provider of carbon insurance products, has announced the appointment of James Brown as their new Technical Underwriting Advisor. With decades of experience in technical underwriting, James will play a crucial role in assisting Kita in assessing risk and developing innovative insurance solutions for carbon removal projects. This appointment marks a significant step forward for Kita as they
In the United States, mid-market companies are gravely underestimating the risks associated with flooding, leaving themselves vulnerable to significant financial losses and business disruptions. Despite the increasing frequency and severity of floods, a shocking number of companies are unaware and ill-prepared for such events. This article sheds light on the misconceptions surrounding insurance coverage, explores the staggering costs of flooding,
In a shocking revelation, it has emerged that every McDonald’s branch in London has received a complaint regarding sexual harassment and discrimination. The Bakers, Food and Allied Workers’ Union (BFAWU) has been at the forefront of addressing these issues and has reported over 1,000 complaints from McDonald’s employees. The gravity of the situation is underscored by the nature and extent
Anansi, a pioneering insurtech firm, has announced a groundbreaking collaboration with Tokio Marine HCC, Liberty Mutual, and Arch Insurance to introduce a unique parametric goods-in-transit insurance solution for large retailers. This innovative partnership aims to revolutionize the goods-in-transit insurance sector by offering unparalleled coverage and flexibility. By leveraging Anansi’s data-centric platform and parametric claims solution, this collaboration significantly eases the
In a strategic collaboration, INSTANDA, a leading digital insurance platform provider, has joined forces with Farmsure, a renowned agricultural risk management company. The collaboration aims to revolutionize the insurance landscape in the farming community by delivering innovative and tailored insurance solutions. With INSTANDA’s cutting-edge technology and Farmsure’s deep expertise in agricultural risk management, farmers and agribusinesses can now access advanced
Prodigy Health Insurance Services, a leading provider of medical stop loss insurance, has announced a strategic partnership with Gradient AI to leverage its underwriting solution and bolster its offerings. The collaboration will utilize Gradient AI’s SAIL solution for group health underwriting, enabling more accurate quoting for new business and facilitating the transition of clients to more cost-effective self-insured plans. This
Farmsure, a trusted agricultural insurance specialist, and INSTANDA, a global leader in life insurance distribution and policy administration SaaS platform technology, have announced a strategic partnership. This collaboration aims to revolutionize insurance solutions for the agricultural sector by combining INSTANDA’s state-of-the-art technology with Farmsure’s extensive expertise in agricultural risk management. Challenges in the agricultural industry The agricultural industry is currently
Foresight, a leading provider of workers’ compensation insurance, has announced a new strategic partnership with QBE North America, a global insurance company. This partnership enables Foresight to write on select QBE entities’ paper, effective from November 1, 2023. The collaboration between Foresight and QBE aims to revolutionize workers’ compensation coverage, enhance workplace safety, and drive savings on insurance costs for
