In a significant move, Governor Gavin Newsom of California has signed legislation to increase the minimum wage for healthcare workers in the state. This step aims to address the issue of fair compensation for these essential workers who play a vital role in providing quality care to patients. The new law recognizes the importance of ensuring that healthcare employees receive
In Southeast Asia, the insurtech industry is gaining momentum as the region leans towards a digital future. However, numerous challenges hinder its growth and adoption. This article explores the key obstacles faced by insurtech in Southeast Asia and highlights strategies to overcome them, ultimately paving the way for a thriving insurtech landscape in the region. Disparity between Insurance and Financial
TSB, a leading UK bank, has recently entered into a partnership with Superscript, a digital insurance provider, to offer customized business insurance solutions to its small business banking customers. This exclusive collaboration with Superscript aims to address the lack of tailored insurance options for small businesses and provide optimal coverage for TSB customers. With this partnership, TSB is further developing
Howden Ventures, with the approval of Lloyd’s, has announced its launch with an impressive £500m of delegated underwriting capacity. This innovative platform incorporates a world-first delegated underwriting authority, making it a game-changer in the insurance industry. Howden Ventures’ Commitment to Insurtech Sector To further drive innovation in the insurance sector, Howden Ventures has initially committed £10m of new funding to
Matic, a prominent embedded InsurTech platform, recently announced a successful fundraising round of $20 million as an extension to its Series B. The financing round saw participation from previous backers and was predominantly driven by new investors. Matic’s Embedded Insurtech Platform Matic is known for its seamless integration within the homeownership journey, offering consumers a convenient way to save both
In a move to revolutionize the insurance industry, Acturis has joined forces with FullCircl to integrate their cutting-edge SmartBroker solution into the Acturis platform. This integration aims to deliver a rich, contextualized, and connected data solution for brokers, insurers, and Managing General Agents (MGAs). By leveraging the SmartBroker API, Acturis users will gain access to next-generation data enrichment, driving growth,
In today’s fast-paced world, insurance agents are constantly on the move, meeting clients, and handling various paperwork. Among the valuable features that insurance agent apps offer, the ability to scan ID documents on the go stands out. This article explores the importance of integrating mobile ID document scanning capabilities into insurance agent apps and the benefits it brings for agents
California employers have less than nine months to comply with the state’s new law requiring workplace violence prevention plans. The law, the first of its kind in the country, establishes general industry workplace violence prevention safety requirements. With workplace violence on the rise, California is taking proactive steps to ensure the safety and well-being of its workers. Background on the
The cyber insurance market is rapidly evolving, and the need for effective risk management has become paramount. A recent survey highlights the current state of the market, with over 89% of respondents acknowledging the rapid evolution of cyber insurance. However, more than half of the respondents deemed the current state of the market unsustainable. In this article, we delve into
In a significant collaborative move, Bluezone and Shepherds Friendly have joined forces to launch an upgraded version of their life insurance policy specifically tailored for individuals with Type 2 diabetes. The partnership aims to address the growing need for accessible life insurance options through the utilization of advanced technology solutions and personalized coverage. Advantages of the Partnership To the delight
India-based insurtech firm InsuranceDekho recently secured $60 million in Series B funding, a combination of equity and debt capital. This funding round aims to propel the company’s growth and expand its market presence. Led by Eurazeo, Mitsubishi UFJ Financial Group, and Beams Fintech Fund, this investment comes as InsuranceDekho seeks to supercharge its operations and revolutionize the insurance sector in
French InsurTech company Orus has recently announced that it has raised €11m in a Series A funding round, led by Notion Capital and VR Ventures/Redstone. The funding will be instrumental in Orus’s mission to provide modular insurance solutions tailored for SMBs (small and medium-sized businesses) across the European market. Orus’s Modular Insurance Solutions for SMBs Orus has built a reputation
