Insurance technology company DGTAL has announced securing €3 million in strategic funding to scale its AI-powered audit and tools for insurance portfolios. Anchor investors in this round include 1750 Ventures and Gossmann & Cie, along with DEON and the DGTAL team. This funding is expected to support the company’s growth and further development of its innovative solutions for the insurance
In an effort to address and rectify violations of child labor laws, popular fast-casual chain Chipotle has reached a settlement with Washington, D.C. The settlement amount of $322,400 will resolve numerous instances where Chipotle allegedly failed to comply with legal restrictions on the number of hours minors are allowed to work. Additionally, the company has committed to implementing a comprehensive
Milepost Insurance Agency, a subsidiary of Berkshire Hathaway, has recently become a part of the Truckstop Partner Marketplace in a collaboration aimed at offering reliable and comprehensive insurance coverage to independent truck owner-operators. This partnership seeks to provide operators with easy access to insurance quotes, online policy purchase, and digital insurance certificates, enabling them to keep their freight moving without
Partners Life, one of the leading private life and health insurance companies in New Zealand, has recently achieved a significant milestone by successfully launching medical claims on the FINEOS Platform. This cloud-native and purpose-built platform enables Partners Life to revolutionize claims processing, enhance customer experience, and minimize claims leakage for its base of 300,000 Kiwis. Background on Partners Life In
Qover, a leader in embedded insurance orchestration, is celebrating a significant milestone in its journey as it secures full authorization from the Financial Conduct Authority (FCA). This achievement holds particular importance as it comes after seven years of successful operation in the UK and marks Qover’s continued growth trajectory across Europe, following Brexit. With uncertainties surrounding Brexit, obtaining FCA authorization
With an escalating number of cybersecurity incidents in India – reporting a staggering 13.91 lakh incidents in 2022 – the urgency for effective cyber insurance solutions has surged. SMEs, irrespective of their digital proficiency, now find cyber insurance indispensable. In response to this growing need, Onsurity has launched a Cyber Insurance product specifically designed to provide SME businesses with robust
State Farm, one of the leading insurance companies in the United States, has followed in the footsteps of USAA by incorporating crash detection capabilities into its mobile application. This move aims to enhance the claims process and provide greater assistance to customers during emergencies. State Farm recently launched its new Accident Assistance feature, initially rolling it out to customers located
In a significant move forward for civil rights, legislators in California voted 31-5 on Tuesday to make it illegal to discriminate against individuals based on their caste. The bill aims to address the social stratification issues prevalent in certain communities and extend protection against caste-based discrimination. This landmark legislation, if enacted, will empower individuals to report and combat discriminatory practices
The MAPFRE Group, a leading international insurance group, continues to dominate the Latin American insurance market with remarkable growth. Operating in various countries within the region, the company has achieved significant milestones in both the Non-Life and Life insurance segments, contributing to its overall success. In this comprehensive article, we will explore the key factors driving MAPFRE’s success, including the
Bluevine, a leading provider of online banking solutions for small businesses, has recently made an exciting announcement regarding its expanded FDIC insurance coverage. This development aims to offer greater security and convenience to business owners, allowing them to focus on their operations without worrying about the safety of their funds. Let’s delve into the details of this new offering and
Novidea, a leading technology provider for the insurance industry, has recently announced its membership in the Wholesale and Specialty Insurance Association (WSIA), a non-profit organization dedicated to the development and enhancement of the wholesale and specialty insurance distribution system. This significant step reaffirms Novidea’s commitment to supporting the growth and success of the wholesale and specialty insurance sector. In this
In a groundbreaking collaboration, Akur8, a next-generation insurance pricing solution, has joined forces with SGI CANADA, a prominent property and casualty insurance division, to enhance the insurance pricing process in Canada. With a shared vision of harnessing cutting-edge technology, this partnership aims to optimize SGI CANADA’s insurance pricing process by utilizing Akur8’s revolutionary RISK module for property and casualty lines.
