Aviva, a prominent UK insurance and financial services company, has recently become a partner member of FinTech Wales, joining renowned firms such as Barclays and Go.Compare.This partnership marks a significant step toward enhancing innovation within the Welsh fintech sector. FinTech Wales, an independent membership association inaugurated in 2019, focuses on fostering growth and innovation by uniting entrepreneurs, businesses, technology suppliers,
One of the core tenets of Wisconsin’s Social Media Protection Act is the prohibition against employers requesting or demanding personal account login information from employees. This includes access to private content on social media accounts, private online communications, direct messages, and personal emails. The Act unequivocally forbids employers from refusing to hire, terminating, or discriminating against individuals who resist providing
Classifying workers as either employees or independent contractors is a critical decision for businesses, as it carries significant legal and financial implications.Incorrect classification can lead to penalties, back payments, and other liabilities. Understanding the criteria for this classification and implementing proper management practices can help businesses navigate these challenges efficiently. Criteria for Classifying Workers Understanding the Basics One of the
The transformative impact of artificial intelligence (AI) on the insurance industry has become a topic of significant discussion.At the 2025 Insurtech Insights Europe conference, experts highlighted how AI—especially generative AI (GenAI)—is reshaping general insurance, from initial pilots to scaled implementations. The session, moderated by Guidewire’s Laura Drabik, featured Tom Wilde, CEO of Indico Data, and Terry Buechner, global insurance core
The revolution in artificial intelligence (AI) is profoundly transforming the insurance industry in Australia and New Zealand, as insurers adopt advanced technologies to modernize operations and cater to evolving market needs. The 2024 ISG Provider Lens Insurance Services report by Information Services Group (ISG) highlights several key trends, including economic pressures, climate-related risks, and rising consumer expectations, that are reshaping
The digital transformation in the insurance industry has become more crucial than ever, with studies highlighting the varying levels of digital maturity among insurance carriers.Despite the clear advantages of digitalization and AI integration, a considerable fraction of the industry remains in the nascent stages of adoption. A notable revelation from a comprehensive ACORD study reveals that only a quarter of
In today’s rapidly evolving insurance landscape, the integration of artificial intelligence (AI) and advanced climate data models has become imperative. Property insurance underwriters are increasingly facing challenges in accurately assessing evolving risks due to the surge in natural disasters, such as wildfires and severe storms. To address these challenges, Cytora, a leading digital risk processing platform, has entered into a
The considerable impact of delayed health insurance claims processing is a persistent issue affecting many UK consumers, leading to significant stress, sleep disturbances, and even deterring individuals from seeking necessary medical treatment. According to a comprehensive report by Sprout.ai, an alarming number of Britons face lengthy waits for their claims to be processed, with delays stretching from several months to
The boundary between employers’ need to monitor employee performance and employees’ right to privacy has become increasingly blurred with advancements in technology.As tracking methods become more sophisticated, concerns about privacy and ethical implications grow exponentially. This evolving landscape raises a crucial question: how far should employers go in tracking their employees? By examining the latest trends and legal considerations surrounding
In an era where digital transformation is reshaping industries, Ando Insurance Group is taking significant strides to enhance its technological capabilities.The company has announced a strategic move to upgrade its digital platform in collaboration with the insurtech company SSP. This initiative aims to bolster operational efficiency and accelerate the group’s digital transformation efforts. Notably, Ando plans to implement the latest
The mounting challenge for the insurance industry to manage rising risks and sustain profitable growth is becoming increasingly evident. As new threats like natural disasters, cyberattacks, and economic volatility continue to escalate, there is growing concern about whether the protection gaps in insurance coverage will widen significantly by 2030.Bain & Company’s recent report underscores this alarming trend, noting that insurance
The recent certification of EIS OneSuite™ by the MACH Alliance stands as a groundbreaking development in the insurance industry.Recognized for its alignment with Microservices, API-first, Cloud-native, and Headless (MACH) principles, EIS OneSuite is setting new standards for innovation and transformation in insurance technology. This article delves into the advantages of adopting MACH principles, how EIS OneSuite harnesses these principles for
