In a recent case involving a workplace injury, a judge has determined that the plaintiff was not an employee at the time of the incident. This decision has been upheld by the appeals panel, leaving the plaintiff with limited options for seeking compensation. Let’s delve into the details of this case and explore the implications for both the plaintiff and
Authentic, a turnkey insurance platform specializing in captive insurance, has successfully closed a $5.5 million seed round. This significant funding will enable the company to launch its innovative ‘Captive in a Box’ platform, which aims to support vertical SaaS companies, franchises, and other groups in reaping the numerous benefits of captive insurance. Introducing the “Captive in a Box” platform Captive
In a strategic move to enhance coverage options for small businesses, insurance technology provider Bold Penguin has announced a partnership with NEXT Insurance. The collaboration aims to provide a comprehensive suite of insurance products to users of the Bold Penguin Terminal, making it easier and more efficient for small business owners to protect their ventures. Access to NEXT Insurance’s general
In a move to enhance customer experience and streamline business operations, industry leaders Glia and Insurity have joined forces to create a powerful partnership within the insurance industry. By integrating Glia’s Customer Interaction Platform into Insurity’s solution, the companies aim to improve customer and agent relationships, reduce servicing costs, and provide a competitive edge for insurance providers. Insurity’s Inclusion of
In a significant announcement, Akur8, a leading insurtech company, and Wüstenrot Gruppe, a prominent financial services provider, have revealed their collaboration aimed at enhancing Wüstenrot’s pricing capabilities in Austria. This partnership is set to introduce a cutting-edge risk modelling and rate-making platform that is designed to serve all lines of business. With the introduction of Akur8’s innovative solution, pricing teams
In today’s digital age, the ability to work remotely has become a game-changer for businesses and employees alike. It offers flexibility, increased productivity, and cost savings. However, along with these benefits come significant risks. When employees are “out of sight, out of mind,” it becomes crucial for businesses to prioritize compliance and security in remote work environments. In this article,
Transamerica, a prominent financial services corporation, has announced a strategic partnership with Bestow Inc., a cutting-edge digital life insurance startup. This collaboration aims to enhance Transamerica’s financial protection offerings by leveraging Bestow’s intuitive digital platform with enhanced self-service options. The shared vision of empowering individuals to create a better future through saving, investing, and protecting their loved ones has united
In an era of rapid technological advancement, insurers are increasingly turning to artificial intelligence (AI) solutions to enhance their operations. One such successful partnership is between Markel and Cytora, a leading AI-powered insurtech. This article delves into the remarkable achievements of their collaboration, highlighting a staggering 113% increase in productivity for Markel’s underwriting team. Increased Productivity Highlighting the impact of
The insurance industry is experiencing a significant transformation thanks to the integration of artificial intelligence (AI) technology. As AI becomes more sophisticated, it is revolutionizing various aspects of the industry. This article explores the role of AI in detecting fraudulent claims, offering personalized policies, reshaping the industry, introducing innovative services, and transforming the insurance landscape, among other topics. AI in
In a significant development in the insurtech sector, the international company bolttech has welcomed the leading impact investment firm LeapFrog Investments as a strategic investor in an extension of its Series B funding round. With LeapFrog’s US$50 million investment, the total funding for the round now amounts to an impressive US$246 million, making it the largest ever Series B round
BriteCore, a leading provider of SaaS core administration solutions for property/casualty (P&C) insurance carriers, has announced a wave of innovative product features to meet the evolving needs of P&C insurers. With a focus on delivering greater efficiency, productivity, and a modern customer experience, BriteCore aims to empower insurers through its cloud-native platform. This article explores the new features offered by
Insurify, a leading InsurTech company, has recently announced a partnership with embedded insurance startup Fletch to expand its platform offerings by introducing pet insurance. This strategic collaboration comes in response to research conducted by Insurify, which showcases that pet care costs are a top concern for their clients. Research Findings According to the research conducted by Insurify, pet care costs
