The dawn of a digital revolution posed an imperative challenge for a major Fortune 500 insurer, faced with the escalating demands of data management. The existing on-premises systems burgeoned under the weight of terabytes of incoming data daily and manual processes that had become increasingly inefficient. To counteract these hurdles, they embarked on an ambitious transformation, focusing on building a
In a significant development poised to impact the U.K. insurance sector, LexisNexis® Risk Solutions has expanded its partnership with TransUnion to introduce enhanced credit reporting and affordability solutions. This collaboration aims to provide U.K. insurance providers with more comprehensive tools to make informed decisions that align with customers’ financial circumstances. By integrating TransUnion’s Affordability Report into its range of LexisNexis
The partnership between ZestyAI, an AI-driven property and climate risk analytics provider, and Standard Casualty Company, a specialized property insurer for manufactured homeowners, marks a significant advancement in risk assessment and policyholder engagement. By leveraging advanced analytics solutions, this collaboration addresses the growing complexities of property risks due to climate change. As natural disasters become more common and severe, the
In a move that promises to revolutionize the UK insurance market’s approach to affordability, TransUnion has expanded its strategic relationship with LexisNexis Risk Solutions. This collaboration aims to equip insurance providers with enhanced affordability insights that could prove crucial in these economically challenging times. Integrating TransUnion’s Affordability Report into the LexisNexis Informed Quotes platform marks a significant step toward addressing
The human resources industry has witnessed notable shifts in various aspects over the past week, reflecting evolving worker preferences, technological adoption, and regulatory changes. Among the significant developments are the National Labor Relations Board’s landmark ruling against Amazon, the ongoing gap between the demand and supply of flexible jobs, the sluggish pace of artificial intelligence integration in workplaces, concerning trends
Favoritism in the workplace is a complex issue that can significantly impact employee morale and productivity. While rewarding high-performing employees is a common practice, it is crucial to distinguish between lawful favoritism based on performance and unlawful favoritism based on discriminatory factors. This article delves into the legal boundaries of favoritism and offers best practices for employers to navigate this
The National Labor Relations Board (NLRB) recently made a significant decision, ruling that captive audience meetings, where employers present their views about unionization to employees, are unlawful. This practice has been a contentious issue, with employers historically relying on a precedent set in 1948 by Babcock and Wilcox Co. However, the NLRB’s new ruling finds that these meetings violate Section
Previsico, a specialist in surface water flood forecasting, has announced the launch of Instacasting, a next-generation flood mitigation solution. This innovative tool leverages the most accurate observed rainfall data available in the market to predict surface water flood risk more quickly and precisely. Instacasting complements Previsico’s existing flood data by employing exact rainfall data, thus enhancing flood resource allocation, loss
Oyster has unveiled a suite of AI-powered digital products aimed at revolutionizing the property and casualty (P&C) insurance experience for small and medium-sized businesses (SMBs). Leveraging advanced artificial intelligence (AI) and large language models (LLMs), this new offering seeks to help business owners more effectively manage their insurance needs and risk management on a single platform. Enabling Digital-First Insurance Solutions
In an era where natural disasters are becoming increasingly frequent and severe, the need for timely and accurate data in the insurance sector has never been more critical. Addressing this imperative, Insurity and ICEYE have partnered to enhance real-time catastrophe insights for the property and casualty (P&C) insurance industry. This collaboration integrates ICEYE’s advanced synthetic aperture radar (SAR) satellite technology
Intermittent Family and Medical Leave Act (FMLA) leave can be a challenging aspect for employers to manage due to its unpredictable nature, often associated with chronic health conditions that cause episodic symptoms, thus making it difficult to predict and plan for absences. Effective management of intermittent FMLA leave requires clear communication, rigorous documentation, and proactive policy enforcement. The complexity of
In an era where customer experience can make or break a business, Glia is reshaping the landscape of the insurance industry through advanced customer interaction technology. This technology is enabling insurance companies to communicate more effectively with policyholders and agents, transforming standard interactions into competitive advantages. Recently, Glia reported continued momentum within the insurance sector with expanded partnerships, groundbreaking product
