In today’s digital age, data has become the lifeblood of the insurance and reinsurance industry. The ability to access and analyze real-time data has revolutionized decision-making processes and has set the best insurers and reinsurers apart from their competitors. This article explores the vital role that data plays in driving success and innovation within the insurance and reinsurance landscape. We’ll
In a significant setback for Boston Market, the state of New Jersey has issued stop-work orders to 27 of its locations due to alleged wage violations. The state’s Department of Labor received nearly three dozen complaints about these locations, prompting an investigation that uncovered a range of issues concerning fair compensation for workers. With over $600,000 in back wages owed
Pharmaceutical manufacturer Eli Lilly has agreed to settle a class action suit that alleged the company’s hiring process for sales representatives discriminated against older job applicants. The settlement, announced in the U.S. District Court for the Southern District of Indiana, comes shortly after the company paid $2.4 million to settle a similar suit filed by the U.S. Equal Employment Opportunity
In recent years, the Private Attorneys General Act (PAGA) claims in California have been a cause for concern among employers. With the recent ruling by the California Supreme Court in Adolph v. Uber Technologies, Inc., the landscape for PAGA claims compelled to arbitration has undergone significant changes. This article delves into the impact of these changes on employers, explores the
In today’s fast-paced digital landscape, insurance companies are constantly looking for ways to stay competitive and meet the evolving needs of their customers. One solution that is gaining significant traction is the adoption of industry cloud platforms. These platforms offer a wide range of benefits that can revolutionize the way insurance companies operate, providing them with a scalable and flexible
The insurtech sector in the UK has rapidly emerged as a global leader, as highlighted by a recent study conducted by McKinsey. The study revealed that London, specifically, has positioned itself as the epicenter of insurtech innovation, boasting the same number of insurtech unicorns as the rest of Europe combined. This article delves into the factors contributing to London’s success
Charles Taylor InsureTech, a leading provider of technological solutions for the global insurance market, is thrilled to unveil the latest version of InHub. This native cloud platform, specialized in insurance, aims to revolutionize the industry by fostering digital transformation and modernization. With comprehensive tools and innovative integrations, InHub offers insurers the key to optimizing performance and achieving success in today’s
In today’s fast-paced insurance industry, independent agencies are constantly looking for ways to streamline their processes and provide better service to their clients. Fize, a technology-driven platform, offers a solution that enables agencies to efficiently and securely capture prior or existing coverage information from prospective clients. This article will explore the various features and benefits of Fize, as well as
Novidea, a leading technology provider in the insurtech industry, has been selected by Mivtach Simon, Israel’s largest insurance, pension, and financial planning company, as its technology partner to implement an innovative insurance distribution platform. This strategic collaboration aims to centralize operational processes and services, marking a significant milestone in Mivtach Simon’s digital transformation program. Mivtach Simon’s role in the insurance
In a groundbreaking collaborative effort, Reask and Cytora have joined forces to incorporate state-of-the-art natural catastrophe risk analytics APIs into Cytora’s platform. This strategic partnership aims to provide insurers with unmatched tools to assess and manage the threats that natural disasters pose. By merging the potent risk analytics APIs with Cytora’s platform, insurers gain a gateway to intricate risk evaluations
Nearly 70 Indian nationals have recently filed a lawsuit against the Department of Homeland Security (DHS), accusing the agency of unfairly denying their visas on the grounds of employer fraud. These individuals were employed through the Optional Practical Training (OPT) program, which provides foreign graduates of US colleges and universities with temporary work authorization. Background The plaintiffs argue that they
In today’s highly competitive market, life insurers must have an effective customer communications strategy to stay ahead of the competition. This article explores the correlation between an improved policy management system and effective customer communications, the limitations of current legacy systems, the benefits of cloud-based CCM software, the importance of every touchpoint in the life insurance journey, the limitations of
