Federato, an innovative InsurTech firm, has made waves in the insurance sector with its RiskOps underwriting platform. The company recently announced the successful completion of a $25 million Series B fundraising round, positioning itself as a leader in applying AI technology to underwriting and portfolio optimization. Application of AI Technology in Underwriting and Portfolio Optimization Federato’s RiskOps platform has carved
The California court recently ruled in favor of the California Department of Human Resources (CalHR) in a case brought by a state employee regarding the State’s Employee Suggestion Program. The program offered cash awards to state employees who submitted suggestions that improved government efficiency or saved the state money. The case highlights the importance of following proper procedures when filing
Insurtech firm Accelerant has launched its Risk Exchange platform to support specialty underwriters. The platform aims to connect specialty underwriters with a group of capacity providers, thanks to the help of Accelerant-owned insurance companies. This innovative platform provides access to a range of risk capital, allowing underwriters to write the risks they want. Connecting specialty underwriters with capacity providers Specialty
Exdion Solutions, a leading provider of software and data analytics solutions for the insurance industry, has recently appointed S. Steven Salar as the President and Head of Insurance Operations. Salar will be responsible for overseeing the company’s North American business, which includes managing the sales and delivery of the company’s innovative data analytics software and suite of products designed to
The insurance industry has undergone significant transformation over the years. However, despite the advancements, consumers still face the problem of increased premium rates each year. In this regard, Rnwl, a UK-based startup, is looking to transform the insurance industry through an automated price comparison solution. Rnwl has launched a funding campaign to raise growth capital, and this article examines the
The issue of underinsurance has been a persistent problem in the property insurance market for years. Commercial property owners are often unaware of the correct rebuild cost of their buildings, leading to undervaluation and underinsurance. This creates exposure for insurers and brokers who must pay out large sums for claims that may be underinsured. A recent study by insurance broker
Human resources (HR) compliance ensures that the company adheres to all applicable employment laws, regulations, and policies. It is the responsibility of HR personnel to protect both the organization and employees by maintaining strict compliance with all legal obligations. In this article, we will examine the importance of HR compliance, the consequences of non-compliance, the need for confidentiality in HR,
The global insurance industry has undergone a significant shift with the emergence of insurtech disruptors. Insurtech companies leverage advanced technologies like artificial intelligence (AI), data analytics, and the Internet of Things (IoT) to provide innovative solutions that streamline insurance processes and simplify customer experiences. In this article, we’ll take a closer look at how insurtech is impacting the expense and
Colorado recently amended its Equal Pay for Equal Work Act to modify employers’ pay transparency obligations for job postings and internal promotional opportunities. This newly amended law increases the statute of limitations for wage discrimination claims from three years to six years and creates new mandates for Colorado’s Department of Labor and Employment with respect to the investigation, mediation, and
Thinksurance, a digital insurance consultation firm in Frankfurt, has raised $24 million in new funding. The funding, which comes from new investors as well as existing shareholders, will enable Thinksurance to expand its position in the market and cover additional aspects of consultation and distribution of commercial insurance. Leading the funding round are international insurtech investors, including Viewpoint Ventures, M-Tech
HAYAH Insurance Company, the UAE’s digital insurance company, has announced the launch of a new savings plan that provides easy and affordable access to world-class wealth management expertise. Through its new ‘Simple Saver’ plan, HAYAH aims to break down barriers to investment, making wealth accumulation and financial planning tools accessible to all UAE residents. This pioneering plan allows customers to
Employers have a duty to adequately supervise and retain their employees, especially in the financial sector where large sums of money are at stake. When employers fail to fulfill this duty, they may face liability for the damages caused by their employees. The Moore Charitable Foundation v. PJT Partners case is a perfect example of this type of negligence liability.
