LegalTech Nuvalaw has made significant strides in the field of claims resolution through its online negotiation and arbitration platform. The company recently announced that it has successfully raised $3 million in a pre-Series A financing round. This funding will be instrumental in further enhancing Nuvalaw’s presence in the UK market and expanding its cloud-based claims resolution platform to tackle a
In a recent case, a federal court in Ohio granted summary judgment in favor of an asphalt company, dismissing an employee’s age discrimination claims. The court ruled that while the supervisor’s comments about the employee’s age were offensive and unprofessional, they alone were not sufficient evidence to prove that the company’s stated reason for termination was pretextual. Background The case
Blink Parametric, a leading provider of real-time parametric solutions, has recently announced a partnership with MAWDY, a global insurance, reinsurance, and services company affiliated with the renowned MAPFRE Group. This collaboration aims to integrate and deliver real-time parametric travel insurance solutions across the extensive MAWDY network, revolutionizing the travel insurance industry. Integration of Parametric Travel Insurance Solutions The agreement between
Insurtech company Lexasure has recently announced its upcoming launch of a cutting-edge business-to-business (B2B) risk management portal for general reinsurance. The portal, named Atlas, aims to revolutionize the reinsurance industry by offering innovative features built on the powerful LexasureCloud 1.0 platform. With its exclusive reinsurance-as-a-service (RaaS) function, Lexasure believes Atlas will enhance underwriting outcomes and provide insurers with a significant
In a significant development, the National Labor Relations Board (NLRB) has announced its long-awaited final rule on joint employer relationships. More than a year after the agency proposed revisiting its framework for analyzing joint employer relationships, this final rule is set to have far-reaching implications for employers across various industries. Overview of NLRB’s Decision to Revisit Joint Employer Framework The
Dai-ichi Life Holdings Inc. and YuLife Limited have joined forces to introduce the innovative YuLife Wellbeing Model in Japan. This collaboration marks the first step towards implementing the model since Dai-ichi Life invested in the UK-based InsurTech startup. The pilot project aims to pioneer groundbreaking life insurance products and services by leveraging the power of technology and behavioral sciences. Background
11Onze, a prominent European fintech company, has ventured into the vehicle insurance sector through an exciting partnership with Mussap, a mutual insurance company serving the Catalan community in Spain. Building on the success of their recently launched home insurance product, 11Onze has identified the need for a fair and cost-effective option for vehicle insurance among their community members. With a
Coincover, a prominent blockchain protection company, has partnered with AlphaPoint, a global financial technology company, to provide an additional layer of protection for AlphaPoint customers. This collaboration aims to give AlphaPoint clients access to Coincover’s leading Asset Protection technology, enhancing the overall security and credibility of AlphaPoint as a safety-conscious exchange. Coincover’s Asset Protection Technology Coincover’s cutting-edge Asset Protection technology
The California FAIR Plan, through the Fair Access to Insurance Requirements (FAIR) Plan, has partnered with ZestyAI, a leading provider of property intelligence, to utilize ZestyAI’s innovative Z-FIRE wildfire risk analytics tool. This collaboration aims to revolutionize the assessment of wildfire threats in California, offering more accurate risk assessment and tailored premium rates for policyholders. The Purpose of the Union
Leading insurance core technology provider Socotra has recently made headlines as it steps into its role as the title sponsor of InsureTech Connect 2023 in Las Vegas. This significant move comes on the back of the company’s aggressive growth and steady recognition for its efforts within the insurance industry. Socotra’s commitment to delivering innovative solutions, exceptional customer experiences, and operational
In a breakthrough move, Shippo, the leading shipping and logistics platform, has introduced Shippo Total Protection, a game-changing solution that provides merchants with comprehensive protection, global coverage, and seamless claims handling. This enhanced insurance offering opens up a world of possibilities for Shippo’s vast network of 100k+ merchants, enabling them to cover not only an order’s total value but also
Insurtech Pattern has made an exciting announcement with the launch of FlexIt, a groundbreaking service that aims to revolutionize the concept of cancellation flexibility for non-refundable bookings. This innovative solution provides customers with an immediate and hassle-free cancellation option, effectively transforming non-refundable bookings into refundable ones. Overview of FlexIt Service FlexIt has been meticulously designed to address the pain points
