The Taiwanese insuteche industry is undergoing significant changes as the regulatory authority makes adjustments to the solvency framework. These revisions aim to ease the burden on insurers by reducing capital charges on various asset categories and extending phase-in periods. Furthermore, the industry is witnessing a rise in digital distribution channels, enabling insurers to obtain insurance policies more easily. This article
Aktia Life, a leading life insurer in Finland, has made a strategic decision to collaborate with Sapiens, a renowned provider of software solutions for the insurance industry, for their core system transformation project. This partnership aims to support Aktia Life’s growth and renewal goals, improve customer and employee experience, and drive digitization within the organization. The Chosen Partner for Complex
In the highly competitive insurance industry, agencies face numerous challenges when it comes to efficiently managing their operations. To address these challenges, Ascend, an innovative financial operations automation platform, has partnered with Get Me Insured, a leading insurance agency, with the goal of revolutionizing agency management systems. This collaboration aims to automate post-placement administrative tasks associated with agency bill policies,
In a move to enhance efficiency and adapt to policy management trends driven by digitization, First Tier Underwriters (FTU), a Georgia-based specialty insurance wholesaler, has made the decision to replace its proprietary policy system with Cogitate DigitalEdge Policy (DEP). DEP, developed by Cogitate Technology Solutions, offers a comprehensive suite of solutions that empower insurance carriers and intermediaries to streamline their
Novidea, a leading global InsurTech firm, has recently made a significant hire with the inclusion of Duncan Baker as its new Reinsurance Product Manager. This strategic move reflects Novidea’s commitment to driving innovation in the insurance domain and expanding its reinsurance product portfolio. With Duncan Baker’s expertise and experience in the industry, Novidea aims to reinforce its position as a
In a bold move to revolutionize the takaful market, insurtech platform Ouch! has recently unveiled its game-changing digital takaful product, Pusara Pro. This innovative term life product offers a comprehensive death benefit of up to RM500,000, coupled with an additional compassionate benefit of 10% of the total sum assured. With the aim of providing accessible and affordable life protection for
In the realm of personal injury claims, employees often rely on workers’ compensation benefits as their exclusive remedy for recovery. This article delves into a specific case where an employee’s personal injury claim was dismissed in favor of seeking workers’ compensation benefits from the insurance carrier. The plaintiff, an on-duty employee, alleged that the defendant failed to provide a safe
Insurtech, a fusion of insurance and technology, is transforming the insurance industry through the innovative use of advanced technologies. From startups to established companies, the insurance sector is harnessing cutting-edge tools such as artificial intelligence (AI), machine learning, blockchain, and big data to streamline operations, enhance customer experiences, and improve overall efficiency. In this article, we will explore how insurtech
In today’s fast-paced world, digital transformation has become a necessity for businesses across various industries, and insurance companies are no exception. To assist insurers in their digital journey, Praxent has forged a strategic partnership with Insurance Systems Inc. (ISI), a leading provider of enterprise software solutions to the professional liability insurance industry. This article explores the benefits of digital transformation
Nubank, a leading global digital financial services platform, has recently introduced Nubank Lar Seguro, an innovative home insurance offering developed in collaboration with Chubb. This partnership aims to provide Nubank customers with a personalized and comprehensive insurance solution for their homes. By leveraging Chubb’s expertise in the insurance industry and Nubank’s customer-centric approach, Nubank Lar Seguro promises to revolutionize the
In an effort to revolutionize the insurance industry, InsurTech Praxent has formed a strategic partnership with Insurance Systems Inc. The collaboration aims to offer insurers custom digital experiences that improve customer satisfaction and increase market share. By utilizing the powerful capabilities of the ISI Enterprise API, Praxent will lead the design, development, and integration of advanced customer portals. Leveraging the
Vitech Systems Group has once again been recognized as a leader in the U.S. life and retirement (L&R) policy administration systems. This acknowledgement comes from the esteemed ISG Provider Lens Insurance Platform Solutions report, further solidifying Vitech’s position as an industry leader in L&R PAS. With a comprehensive analysis and comparison of L&R PAS providers, the report highlights the strengths,
