Indemn, a pioneering insurtech platform, recently announced the successful closure of a $1.9 million pre-seed funding round. The funding round was led by Markd, a venture capital company, with significant contributions from Afterwork Ventures, Everywhere Ventures, and a group of prominent entrepreneurs and insurance leaders from Australia and the US. This funding not only demonstrates investor confidence in Indemn’s vision
In a significant case highlighting the persisting challenges of gender discrimination and retaliation in the corporate world, a former equities analyst has filed a lawsuit against Nomura Securities. The analyst alleges that she was subjected to discriminatory treatment throughout her time at the financial services firm simply because she is a woman. Furthermore, she claims that she was terminated after
In today’s rapidly evolving Information Age, the insurance industry faces significant challenges and opportunities. Experts warn that insurers risk being left behind if they fail to embrace the transformative power of new technologies and customer-centric approaches. This article explores the need for a new type of muscle in insurance, highlighting the importance of understanding and meeting consumer demands, harnessing the
In today’s digital landscape, small businesses face an increasing and critical need for comprehensive protection against cyber threats. Recognizing this, BOXX Insurance has developed a user-friendly solution aimed at helping businesses better predict and prevent potential cyber attacks. By offering advanced cyber risk prevention tools in partnership with AXA, small businesses can now safeguard their operations and stay one step
CarbonPool aims to address the urgent need to expedite investment in carbon credits, which play a crucial role in achieving net zero emissions. By offering carbon credit insurance with claims payments made in-kind, CarbonPool seeks to provide enhanced confidence and assurance to investors, regulators, and other stakeholders. Challenges in the Carbon Credit Market The carbon credit market has experienced considerable
In a significant move towards digital transformation, Nirvana Insurance has selected Ascend, the industry-leading platform for financial operations automation, to streamline its financial operations and enhance its direct bill processing capabilities. This collaborative integration between Ascend and Nirvana Insurance marks a milestone in Nirvana’s journey to expedite reconciliations, modernize billing experiences, and maximize operational efficiencies. A Milestone for Nirvana Insurance
In today’s increasingly diverse and inclusive workplaces, age is often a forgotten facet of diversity, equity, and inclusion (DEI) work. However, age discrimination is a significant issue faced by many older workers, one that is protected by federal law. This article delves into the importance of addressing age as a vital component of DEI efforts and explores the measures that
In a shocking incident that has raised concerns about workplace safety and youth employment laws, a 16-year-old worker has tragically lost both of his legs on a construction site. The Washington State Department of Labor & Industries has fined the construction company, Rotschy Inc., a staggering $156,259 for allegedly allowing the teenager to operate a walk-behind trencher without supervision or
A clinical social worker has filed a lawsuit against a Seattle-based cancer center, alleging discrimination and retaliation based on her race, religion, and political beliefs. The lawsuit highlights the importance of diversity, equity, and inclusion (DEI) efforts within the organization, as well as the significance of fostering inclusive discussions and providing training that embraces diverse backgrounds and viewpoints. Allegations of
A group of aerospace companies has reached a settlement with workers who claimed that the companies were engaged in an illegal no-poach agreement. In a significant development, Cyient Inc. has agreed to pay $7.4 million to resolve the allegations. This settlement comes after a lawsuit by the U.S. Department of Justice (DOJ) in 2021, which accused a former executive at
In the fiercely competitive insurance industry, pricing plays a crucial role in determining the success of insurers. To stay ahead, the Spanish insurance company MAPFRE has embarked on an exciting partnership with insurtech firm Akur8. With the aim of strengthening their pricing capabilities, MAPFRE has chosen Akur8’s RISK and RATE modules to revolutionize their actuarial efforts and establish a robust
BigPay, the leading finance app in Southeast Asia, has recently announced the launch of BigPay TravelEasy, a comprehensive travel insurance product underwritten by Tune Protect Malaysia. With a focus on enhancing the traveler payment experience, BigPay TravelEasy aims to provide seamless and affordable coverage to travelers. This article will explore the various features and benefits of BigPay TravelEasy, highlighting the
