Broker Insights, a Dundee-based insurtech firm, has made a strategic move to expand its operations to the US following thorough research and development. The company’s flagship platform, Vision, has been instrumental in helping insurance brokers efficiently manage and understand their client base while fostering connections with insurers. After analyzing nearly $1 billion in gross written premiums (GWP) in the US
Embroker, a forward-thinking digital insurance company, has partnered with Everspan, a renowned underwriting firm, to reshape the commercial insurance landscape through advanced digitization. By integrating Everspan’s underwriting expertise into Embroker’s state-of-the-art ONE platform, this collaboration has led to the creation of specialized industry programs targeted at sectors like real estate, consulting, and finance. This strategic alliance has multiple benefits, enabling
The collaboration of Prudential and Reinsurance Group of America, Incorporated (RGA) marks a significant milestone in the evolution of the insurance industry with the introduction of MedScreen+, a state-of-the-art digital underwriting tool. Leveraging the powerful capabilities of optical character recognition (OCR) and artificial intelligence (AI), MedScreen+ aims to expedite the traditionally prolonged and cumbersome task of medical report assessment. This
In a move that signifies the growing impact of AI on the insurance industry, Bishop Street Underwriters, owned by RedBird Capital Partners, has partnered with InsurTech leader Kalepa to implement advanced AI technologies. This partnership focuses on improving underwriting accuracy, risk assessment, and portfolio strategy. Bishop Street’s Managing General Agents (MGAs) will utilize Kalepa’s AI Copilot to make more informed
The legality and conditions under which employers can terminate an employee for testing positive for marijuana, particularly when the drug was consumed outside of the workplace, form the crux of employer drug-free workplace policies. The question delves deep into employee rights and employer obligations, especially within the context of state-specific regulations such as those found in Wisconsin. Drug-Free Workplace Policies
Mastercard is pioneering a transformative approach to healthcare payments, addressing some of the sector’s most persistent inefficiencies. Their innovative solution centers on virtual cards, bringing significant advancements in payment speed and transparency. This initiative promises to ease cash flow troubles for healthcare providers, who have long grappled with manual, fragmented payment systems. By collaborating with key partners like India’s financial
AXA, a global leader in insurance and asset management, and Amazon Web Services (AWS) have announced a groundbreaking collaboration to develop the AXA Digital Commercial Platform (DCP). This sophisticated platform aims to enhance risk management by integrating industry, business, and environmental data with cutting-edge geospatial analytics and artificial intelligence technologies. The AXA DCP will help clients worldwide monitor assets and
The insurance industry often conjures images of traditional risk assessment and underwriting, but Westfield Insurance’s 1848 Ventures is challenging that narrative through the innovative use of artificial intelligence (AI) and machine learning. Launched in January 2018, 1848 Ventures operates beyond the conventional insurance sector, aiming to provide AI-powered B2B SaaS solutions tailored for small and medium-sized businesses (SMBs). Under the
A proposal by Betsey Stevenson, a professor at the University of Michigan, seeks to amend the Fair Labor Standards Act (FLSA) to ensure U.S. workers receive paid time off (PTO). This proposed amendment, published in a white paper by The Brookings Institution’s Hamilton Project, intends to create a fairer and more consistent PTO policy across the nation. Proposal Mechanics Stevenson’s
A recent incident involving Ernst & Young (EY) in the United States has brought to light the complex dynamics between corporate policy enforcement and employee behavior. Dozens of EY employees were terminated for attending multiple online training sessions simultaneously, deemed a violation of EY’s Global Code of Conduct and US Learning Policy. EY emphasized that integrity and ethics are integral
The Department of Labor (DOL) has released new guidelines aimed at steering the deployment of artificial intelligence (AI) technologies in workplaces across the United States. Reflecting the Biden administration’s commitment to balanced AI integration, the guidelines emphasize employee rights and job quality. Issued on October 16, 2024, these principles respond to the 2023 executive order on AI and highlight the
Navigating the complexities of the Fair Labor Standards Act (FLSA) is critical for employers, particularly when determining which employees are exempt from overtime. Many may be familiar with the “white-collar” exemptions covering executive, administrative, and professional roles, but misclassifications remain a significant risk. The recent Mayfield v. U.S. Department of Labor ruling from the 5th U.S. Circuit Court of Appeals
