In a landmark move, Weather Risk Management Services (WRMS) in collaboration with the United Nations World Food Programme (WFP) launched Iraq’s first parametric insurance pilot schemes, aiming to mitigate the financial risks faced by smallholder farmers and micro-entrepreneurs due to climate change-induced events like droughts and heatwaves. Traditional insurance models often exclude these vulnerable groups because of their high costs
In a rapidly evolving financial landscape where customer expectations are growing increasingly sophisticated, financial professionals face the challenge of staying ahead with modern solutions and personalized services. The recent partnership between Ensight, a sales enablement platform specializing in annuities, life, and long-term care (LTC) insurance, and Luma Financial Technologies, a provider of structured products and insurance solutions, promises transformative changes
Remote and hybrid work models have become increasingly popular, offering businesses flexibility and access to a broader talent pool. The shift to these models has been driven by technological advancements and the need for companies to adapt to evolving employee preferences. However, these models bring a host of compliance challenges that companies must address to avoid legal penalties, disputes, and
The introduction of President Donald Trump’s executive orders has significantly influenced the landscape of diversity, equity, and inclusion (DEI) programs within federal contractors and the private sector. These EOs have sparked new federal scrutiny, although they do not override existing workplace anti-discrimination laws, particularly Title VII of the Civil Rights Act of 1964. This article explores the immediate effects, legal
Olé Life, a prominent insurtech company in Latin America, recently secured $13 million in Series B funding, led by PayPal Ventures with significant contributions from Mundi Ventures, AV8, and Advent Morro. These funds will be instrumental in bolstering Olé Life’s expansion throughout Latin America, establishing operations in key markets, and broadening their insurance products. The company’s trajectory of success stems
The increasing frequency and intensity of severe weather events have not only raised public awareness but also redefined the priorities of consumers when it comes to selecting insurance policies. Recent findings from Insurity’s 2024 Severe Weather Consumer Pulse Survey shed light on this shift in consumer preferences, spotlighting how technological advancements, rather than cost, have emerged as critical factors in
The life insurance industry is facing a significant challenge as it prepares for an unprecedented wealth transfer. By 2040, policyholders over the age of 65 are expected to transfer $7.8 trillion in assets. However, the industry currently lacks the necessary preparedness to handle this massive shift. This article delves into the scope of the problem, economic and social headwinds, strategic
Spectrum.Life, a global provider of digital whole-of-health solutions, has made a significant move by appointing Ian Ranger as Head of Insurance for the UK and Ireland. With a robust background in the Protection market, boasting over 17 years of experience, Ranger’s new role aims to further solidify the company’s growth and expand its influence within these regions. His previous tenures
With growing uncertainty in the workforce and increasing anxiety among jobholders, recent policies implemented by President Donald Trump’s administration have caused significant unrest. This anxiety is not baseless, as a survey conducted by Resume Templates revealed that nearly half of the 1,200 workers surveyed expressed concern about potential layoffs. Trump, having assumed office on January 20, 2025, initiated several executive
No one likes to do it, but for HR personnel and managers, it’s part of the job: Sometimes, despite their best efforts to make things work, they have to let employees go. As stressful as a termination meeting can be for the departing employee, it can also produce significant stress for the staffer who has to deliver the news—whether that’s
The case of Kristina Kelley, a television producer who suffered a stroke and was subsequently terminated after taking Family and Medical Leave Act (FMLA) leave, raises significant legal and HR considerations. This article delves into the legal implications and the key takeaways for employers and HR professionals. Employee’s Situation and Initial FMLA Leave The Stroke and FMLA Leave Kristina Kelley,
In an effort to enhance the efficiency and scalability of their M&A insurance operations, Fusion Specialty has entered into a strategic partnership with Insly to leverage their specialized software platform. Fusion Specialty, established in 2018, is a globally recognized underwriting agency that provides a range of M&A insurance products, including warranty and indemnity, tax liability, and contingent risks. With a
