Risk management is a critical aspect of running a successful business, as it helps protect companies against potentially detrimental events. The findings of Aon’s Global Risk Management survey, which involved 3,000 business leaders worldwide, shed light on the key concerns facing organizations. These concerns include cyber risk, business interruption, supply chain disruption, and failure to attract and retain talent. In
Floodbase, a leading provider of flood data and analytics, and Oneglobal, a re/insurance intermediary, have announced a strategic partnership to develop and distribute parametric flood insurance solutions across Asia. This collaboration aims to close the flood insurance gap in the region by offering innovative and cutting-edge insurance products. Closing the Flood Insurance Gap One of the primary goals of this
Cover Genius, a leading insurtech for embedded protection, and Catawiki, the renowned online marketplace for unique objects, have announced an exclusive partnership aimed at safeguarding the shipping of valuable and unique items. This collaboration will offer Catawiki sellers the convenience of embedded protection within the online shipping process, ensuring peace of mind for both sellers and buyers. Embedded Protection for
Regional insurtech company Igloo recently announced the successful closure of a $36 million pre-Series C funding round. This substantial investment was led by global investment firm Eurazeo, which operates an insurtech fund backed by leading insurer BNP Paribas Cardif. Eurazeo’s investment aligns with its insurtech fund’s focus on disruptive technologies and innovative business ideas that are revolutionizing the insurance industry.
Novidea, the market-leading InsurTech company, has recently announced the appointment of Ido Peled as its new Senior Vice President of Product. This move aims to bolster the strategic direction of Novidea’s insurance management platform and further solidify its position in the industry. Roles and Responsibilities of Ido Peled Peled’s primary responsibility as the Senior Vice President of Product will be
Novidea, a leading provider of insurance technology solutions, has recently appointed Ido Peled as Senior Vice President of Product. With his extensive experience and expertise in driving product development and strategic direction, Peled will play a crucial role in enhancing Novidea’s insurance management platform and reinforcing its position as a top innovator in the global insurance technology landscape. Peled’s Role
Markel Group Inc.’s insurance operation, Markel, has recently hired Isaac Meek as a Cyber Senior Underwriter. This move exemplifies Markel’s long-term commitment to recruiting top-tier underwriting talent. With Meek on board, Markel is poised to further enhance its cyber offering and expand its footprint in the Middle East and Asia-Pacific (APAC) regions. Markel’s Commitment to Recruiting High-Level Underwriting Talent Markel
Insly, a leading low/no-code insurance software platform, announced its acquisition of the insurance arm of TubaPay, a popular application that enables insurance agents to process premium payments via credit card and online. The strategic move expands Insly’s service offering and aligns with the company’s long-term plan to provide managing general agents (MGAs), insurers, brokers, and agents with all the technology
Frontier Airlines, a major U.S. carrier, has agreed to a settlement with the U.S. Equal Employment Opportunity Commission (EEOC) and five pilots over allegations of pregnancy discrimination. The airline was accused of forcing pregnant and lactating pilots to take unpaid leave, denying reasonable accommodations, and restricting their ability to pump at work. This landmark settlement marks a significant victory for
The global insurtech (insurance technology) industry has been experiencing significant growth in recent years. As emerging technologies continue to disrupt traditional insurance models, the demand for innovative insurtech products and services has been on the rise. This report aims to provide a comprehensive overview of the market, focusing on key segments, their growth rates, and market sizes. Additionally, it will
In a major development for the digital asset industry, Wert, the payment solution provider enabling fiat payments in Web3, has announced a partnership with Avata, an InsurTech service provider and expert in digital asset insurance solutions. This partnership aims to offer customers a first-of-its-kind protection for consumers purchasing non-fungible tokens (NFTs) on platforms leveraging Wert’s checkout solution. With the opt-in
Novidea, a leading insurance technology provider, has recently announced the launch of its cutting-edge insurance platform in Southeast Asia. With a focus on Hong Kong and Singapore, this expansion aims to fill the technology gap that exists for global brokers and carriers in the region. As the demand for cloud-based insurance management platforms continues to rise, Novidea’s entry into Southeast
