The global InsurTech sector experienced a significant boost in funding during the third quarter of 2023, reaching a total of $1.1 billion. A major driver of this growth was the remarkable surge in Property & Casualty (P&C) InsurTech investment, which saw a quarter-on-quarter increase of 25.5%. However, despite the overall increase in funding, the average deal size fell to a
In response to the evolving dynamics of the modern workplace, the Equal Employment Opportunity Commission (EEOC) has recently issued new guidance on workplace harassment. The guidance incorporates updates reflecting current case law and aims to address the pervasiveness of digital technology and the impact of social media postings, as well as other off-work conduct that could contribute to a hostile
Pathpoint, the modern wholesaler for insurance agents, has revolutionized the insurance industry by offering bindable small commercial Excess & Surplus (E&S) quotes in mere minutes. With over 14,000 registered agents and a compounded monthly growth of 20% in submission volume, Pathpoint’s success is bolstered by its partnership with Novidea, a cloud-based insurance management platform. This article explores how Pathpoint’s integration
Shift Technology, a leading provider of AI-powered decision optimization solutions for the global insurance industry, has announced the integration of generative artificial intelligence (AI) functionality across its suite of products. This exciting development promises targeted and accurate insights that significantly enhance decision-making speed and accuracy, revolutionizing underwriting and claims in the insurance sector. Generative AI refers to the use of
In a strategic move to improve its claims payment process, MAPFRE Insurance has selected One Inc’s ClaimsPay® digital payment solution. This innovative technology aims to streamline the outbound claims payment process and provide policyholders with new and improved options for receiving their funds. Enhancing the Outbound Claims Payment Process The implementation of One Inc’s ClaimsPay solution is set to revolutionize
Novidea, the renowned creator of a cloud-based, data-driven enterprise insurance management platform, has announced a significant new release of its award-winning software. This latest update showcases Novidea’s dedication to continuous innovation and maintaining a competitive edge in the industry. The release introduces a range of enhancements designed to propel insurance organizations forward, enabling them to expand their businesses, explore new
NEXT Insurance, a leading insurtech company, recently achieved a significant milestone by surpassing 500,000 active small business customers. This accomplishment reflects the company’s unwavering commitment to simplifying insurance for entrepreneurs. With a focus on leveraging technology and providing a seamless customer experience, NEXT Insurance has captured the trust and loyalty of small business owners across various industries. Impressive growth numbers
Duck Creek Technologies, a leading provider of insurance software solutions, has announced its exciting partnership with ICEYE, a global provider of natural catastrophe solutions and insights. This collaboration aims to leverage ICEYE’s reliable earth observation data to strengthen disaster response efforts and reduce costs for policy and claims users on the Duck Creek platform. With the growing risks associated with
Arturo, the esteemed property intelligence company, has unveiled its highly anticipated claims module, promising to transform and streamline the insurance industry’s claims processes. By harnessing the power of artificial intelligence (AI), this innovative module empowers carriers to prioritize claims efficiently, proactively engage with customers, assess damage caused by natural disasters, and gauge the potential financial impact on their entire portfolio.
The ability to use sick days for child care is a prominent issue for working parents in the United States. Juggling work responsibilities with the care of sick children is a challenging task, and the availability of sick leave can greatly alleviate this burden. In this article, we will explore the parameters surrounding the use of sick days for child
In a recent tribunal case that has sparked significant attention, troubling incidents of racial harassment and constructive dismissal have been brought to light. The case involves employees at Boots, one of the UK’s leading pharmacy chains. The tribunal found that a staff member, Mr. Famojuro, had been subjected to racial harassment and constructively dismissed due to his race. The tribunal
In a significant development, a federal court has approved a preliminary injunction forbidding three poultry companies in California from violating a range of child labor and wage laws. The court’s decision comes as a result of an investigation that uncovered shocking violations, including underage workers using sharp knives in the deboning and cutting of chicken. The defendants, which include Tony
