Caitlyn Jones, Author at B2Bdaily.com

FinTech Insurance

InsurTech Startups Pivot to Profitability Amid Economic Challenges

In an increasingly challenging economic landscape, InsurTech startups face significant pressure to recalibrate their strategies to ensure sustainability and profitability. With tightening venture capital (VC) funding cycles and growing recessionary pressures, these companies must reassess their business models, shifting towards approaches that are both sustainable and customer-focused. Insights from various industry experts reveal current funding trends and outline the strategic

January 24, 2025

FinTech Insurance

Transforming Pet Care: The Rise of Convenient Online Pet Insurance

Financial aspects of pet care have been significantly altered with the advent of online pet insurance, revolutionizing the practices of managing and accessing veterinary services for pets. No longer restricted by the burdens of traditional insurance models, pet owners are now embracing these advanced platforms which make high-quality medical attention for their beloved dogs and cats more seamless and attainable.

January 23, 2025

FinTech Insurance

Transforming P&C Insurance with Scalable Cloud-Based Platforms

The insurance industry has been undergoing a significant transformation, with property and casualty (P&C) insurance companies in particular leveraging technology to meet the challenges posed by evolving consumer demands, increasingly complex risks, and a rapidly changing market environment. Central to this transformation is the shift from legacy systems to modern, cloud-based core insurance platforms. These platforms offer the scalability, flexibility,

January 23, 2025

Employment Law

How Does the Cemex Ruling Impact Union-Organizing Efforts?

In recent months, employers across the United States have been significantly impacted by a wave of union-organizing petitions that have surged in response to the National Labor Relations Board’s (NLRB) decision in the Cemex Construction Materials Pacific LLP case. This landmark ruling has fundamentally altered the labor law landscape, shifting the balance of power in union recognition efforts and compelling

January 23, 2025

FinTech Insurance

WTW Appoints Mark Mamone to Lead Technology Strategy and Delivery

In a strategic move to bolster its technological prowess, WTW (NASDAQ: WTW), a renowned global advisory, broking, and solutions company, has appointed Mark Mamone as Head of Technology Delivery and Strategy for its Insurance Consulting and Technology (ICT) division. Mamone brings with him an impressive 37-year career spanning various industries and technological roles, having previously held key positions at Serco,

January 23, 2025

FinTech Insurance

How Does AI-Driven Visual Intelligence Improve Claims Management?

The insurance industry has long grappled with the complexity of efficiently managing claims while maintaining a high level of customer satisfaction. This challenge has become more pronounced with rapid technological advancements and ever-increasing consumer expectations for speedy service. In light of this, S&G Response, a leading claims management company, partnered with Bdeo, a technology firm specializing in Visual Intelligence, to

January 23, 2025

FinTech Insurance

Percayso Inform Unveils Enhanced Quote Intelligence Platform for Insurers

Percayso Inform, a prominent insurance intelligence provider, has launched an enhanced version of its Quote Intelligence platform, which has been operational for over four years. Since its initial release, the platform has processed hundreds of millions of quotes, collecting extensive data on various insurance providers’ unique needs and procedures. This vast dataset has allowed Percayso Inform to identify significant gaps

January 23, 2025

FinTech Insurance

BOXX Insurance Expands in US with Key Appointments in Cyber Solutions

As digital threats continue to evolve, it is crucial for businesses to stay ahead of cyber risks to protect their operations and customers. BOXX Insurance, a leading global cyber Insurtech company, is accelerating its expansion plans in the US with the strategic appointment of three key leaders in product and distribution management. The company has brought on board Erik Tifft

January 23, 2025

FinTech Insurance

How Can Businesses Mitigate Flood Risks with Advanced Technologies?

Flood risk is one of the significant challenges that businesses in the UK and Ireland face today. The increasing frequency and intensity of flood events, driven largely by climate change, necessitate innovative solutions to protect businesses and maintain resilience. One noteworthy development is the partnership between Previsico, flood forecasting specialists, and Descartes, a leader in corporate parametric insurance solutions. This

January 23, 2025

FinTech Insurance

How Is Insurance-as-a-Platform Transforming the Insurance Industry?

The insurance industry is undergoing a significant transformation, driven by technological advancements and the rise of Insurtech. At the core of this change is the concept of Insurance-as-a-Platform (IaaP), a model that is revolutionizing traditional insurance practices. This comprehensive article explores the significance of IaaP, its benefits for consumers and insurance companies, real-life examples of its implementation, the challenges it

January 22, 2025

FinTech Insurance

How Is Embedded Insurance Transforming the Purchase Experience?

Embedded insurance is revolutionizing the way consumers secure coverage by integrating insurance options directly into the purchase process of products and services. This innovative approach simplifies the insurance acquisition process, making it more accessible and tailored to individual needs. For instance, the ability to add insurance while booking a flight or purchasing a high-end gadget eliminates the need for separate

January 22, 2025

FinTech Insurance

Top Five Innovations in InsurTech Revolutionizing the Insurance Industry

In the rapidly evolving digital age, consumers expect convenience and efficiency in all aspects of their lives, and the insurance industry is no exception. The integration of cutting-edge technology with traditional insurance practices, known as InsurTech, is essential in meeting these expectations. InsurTech is revolutionizing the insurance landscape by enhancing customer experience, streamlining processes, and introducing new efficiencies in risk

January 22, 2025