The Taiwanese insuteche industry is undergoing significant changes as the regulatory authority makes adjustments to the solvency framework. These revisions aim to ease the burden on insurers by reducing capital charges on various asset categories and extending phase-in periods. Furthermore, the industry is witnessing a rise in digital distribution channels, enabling insurers to obtain insurance policies more easily. This article
SureIn, a disruptive insurtech startup, recently announced the successful closure of a seed funding round worth €4m. This funding comes at a crucial time for the company as it aims to revolutionize the historically tricky European SMB insurance landscape. With this significant infusion of capital, SureIn is poised to transform the status quo and provide tailored risk protection for SMBs.
Aktia Life, a leading life insurer in Finland, has made a strategic decision to collaborate with Sapiens, a renowned provider of software solutions for the insurance industry, for their core system transformation project. This partnership aims to support Aktia Life’s growth and renewal goals, improve customer and employee experience, and drive digitization within the organization. The Chosen Partner for Complex
In the highly competitive insurance industry, agencies face numerous challenges when it comes to efficiently managing their operations. To address these challenges, Ascend, an innovative financial operations automation platform, has partnered with Get Me Insured, a leading insurance agency, with the goal of revolutionizing agency management systems. This collaboration aims to automate post-placement administrative tasks associated with agency bill policies,
In a significant step towards inclusivity, the Office of Federal Contract Compliance Programs (OFCCP) has mandated an updated form for applicable federal contractors and subcontractors subject to Section 503 of the Rehabilitation Act. This form came into effect on July 25, 2023, and brings about several changes. Not only does it expand the list of disabilities, but it also enhances
In a move to enhance efficiency and adapt to policy management trends driven by digitization, First Tier Underwriters (FTU), a Georgia-based specialty insurance wholesaler, has made the decision to replace its proprietary policy system with Cogitate DigitalEdge Policy (DEP). DEP, developed by Cogitate Technology Solutions, offers a comprehensive suite of solutions that empower insurance carriers and intermediaries to streamline their
Novidea, a leading global InsurTech firm, has recently made a significant hire with the inclusion of Duncan Baker as its new Reinsurance Product Manager. This strategic move reflects Novidea’s commitment to driving innovation in the insurance domain and expanding its reinsurance product portfolio. With Duncan Baker’s expertise and experience in the industry, Novidea aims to reinforce its position as a
In a bold move to revolutionize the takaful market, insurtech platform Ouch! has recently unveiled its game-changing digital takaful product, Pusara Pro. This innovative term life product offers a comprehensive death benefit of up to RM500,000, coupled with an additional compassionate benefit of 10% of the total sum assured. With the aim of providing accessible and affordable life protection for
In a recent federal district court case, Braa v. Costco Wholesale Corp., an important question was raised: did Costco fail to provide reasonable accommodations for a cashier experiencing pain and migraines? This article delves into the details of the case and examines the court’s ruling that a jury should decide whether Costco fulfilled its duty to accommodate the cashier’s condition.
Illinois Governor J.B. Pritzker, a Democrat, recently signed into law pay transparency legislation aimed at promoting fairness and transparency in pay practices within the state. The new law requires employers to include pay ranges and benefits in job postings, providing job seekers with crucial information up front. In this article, we will delve into the details of the legislation, explore
In the realm of personal injury claims, employees often rely on workers’ compensation benefits as their exclusive remedy for recovery. This article delves into a specific case where an employee’s personal injury claim was dismissed in favor of seeking workers’ compensation benefits from the insurance carrier. The plaintiff, an on-duty employee, alleged that the defendant failed to provide a safe
Life insurance is a crucial aspect of financial planning, providing individuals and their families with financial security in the event of unexpected circumstances. However, navigating the complexities of life insurance can be a daunting task, both for consumers and financial advisors. Recognizing this challenge, LifeBid has emerged with an innovative approach to provide and manage life insurance advice. With a
