In the highly competitive insurance industry, agencies face numerous challenges when it comes to efficiently managing their operations. To address these challenges, Ascend, an innovative financial operations automation platform, has partnered with Get Me Insured, a leading insurance agency, with the goal of revolutionizing agency management systems. This collaboration aims to automate post-placement administrative tasks associated with agency bill policies,
In a significant step towards inclusivity, the Office of Federal Contract Compliance Programs (OFCCP) has mandated an updated form for applicable federal contractors and subcontractors subject to Section 503 of the Rehabilitation Act. This form came into effect on July 25, 2023, and brings about several changes. Not only does it expand the list of disabilities, but it also enhances
In a move to enhance efficiency and adapt to policy management trends driven by digitization, First Tier Underwriters (FTU), a Georgia-based specialty insurance wholesaler, has made the decision to replace its proprietary policy system with Cogitate DigitalEdge Policy (DEP). DEP, developed by Cogitate Technology Solutions, offers a comprehensive suite of solutions that empower insurance carriers and intermediaries to streamline their
Novidea, a leading global InsurTech firm, has recently made a significant hire with the inclusion of Duncan Baker as its new Reinsurance Product Manager. This strategic move reflects Novidea’s commitment to driving innovation in the insurance domain and expanding its reinsurance product portfolio. With Duncan Baker’s expertise and experience in the industry, Novidea aims to reinforce its position as a
In a bold move to revolutionize the takaful market, insurtech platform Ouch! has recently unveiled its game-changing digital takaful product, Pusara Pro. This innovative term life product offers a comprehensive death benefit of up to RM500,000, coupled with an additional compassionate benefit of 10% of the total sum assured. With the aim of providing accessible and affordable life protection for
In a recent federal district court case, Braa v. Costco Wholesale Corp., an important question was raised: did Costco fail to provide reasonable accommodations for a cashier experiencing pain and migraines? This article delves into the details of the case and examines the court’s ruling that a jury should decide whether Costco fulfilled its duty to accommodate the cashier’s condition.
Illinois Governor J.B. Pritzker, a Democrat, recently signed into law pay transparency legislation aimed at promoting fairness and transparency in pay practices within the state. The new law requires employers to include pay ranges and benefits in job postings, providing job seekers with crucial information up front. In this article, we will delve into the details of the legislation, explore
In the realm of personal injury claims, employees often rely on workers’ compensation benefits as their exclusive remedy for recovery. This article delves into a specific case where an employee’s personal injury claim was dismissed in favor of seeking workers’ compensation benefits from the insurance carrier. The plaintiff, an on-duty employee, alleged that the defendant failed to provide a safe
Life insurance is a crucial aspect of financial planning, providing individuals and their families with financial security in the event of unexpected circumstances. However, navigating the complexities of life insurance can be a daunting task, both for consumers and financial advisors. Recognizing this challenge, LifeBid has emerged with an innovative approach to provide and manage life insurance advice. With a
SureIn, a Berlin-based insurtech startup, recently announced that it has successfully raised €4 million in a seed funding round. The startup aims to reshape the SMB insurance landscape by eliminating opacity and offering tailored insurance solutions to small and medium-sized businesses (SMBs). The funds raised will be used to enhance product automation and expand into healthcare and pension plans, further
Insurtech, a fusion of insurance and technology, is transforming the insurance industry through the innovative use of advanced technologies. From startups to established companies, the insurance sector is harnessing cutting-edge tools such as artificial intelligence (AI), machine learning, blockchain, and big data to streamline operations, enhance customer experiences, and improve overall efficiency. In this article, we will explore how insurtech
In today’s fast-paced world, digital transformation has become a necessity for businesses across various industries, and insurance companies are no exception. To assist insurers in their digital journey, Praxent has forged a strategic partnership with Insurance Systems Inc. (ISI), a leading provider of enterprise software solutions to the professional liability insurance industry. This article explores the benefits of digital transformation
