Insurance Sector Reaping Benefits of Intelligent Automation Greg Fritsky, Martin West, and Ben DiNapoli of EisnerAmper and Sathya Sethuraman of UiPath presented an insightful August webcast on insurance transformation using intelligent automation. They provided expert insight on the reasons companies implement intelligent automation, how insurance companies can start the transformation process, and a variety of real-life case studies. The group presented countless benefits a company could obtain by implementing intelligent automation. Whether you are an executive or an entry-level employee, you can see its positive impact. Robotic process automation can take a defined repetitive process and...
Continue reading...
NEW YORK, July 30, 2020 /PRNewswire/ -- eBaoTech Corporation (eBaoTech), a global leader in digital insurance solutions, announced that Aegon Life has joined more than 10 new clients across the US, Brazil, India, Botswana, Philippines, Indonesia, and Singapore - ranging from insurance carriers, insurtech startups, and digital channel partners - that have turned to InsureMO™ on Amazon Web Services (AWS) for increased agility and innovation, including faster product launches and new channel integrations. Aegon Life India chose InsureMO on AWS, to help extend investments in core systems without wholesale replacement of those systems. Core systems are often a barrier to digital innovation,...
Continue reading...
The COVID-19 pandemic has sparked an unprecedented economic crisis, during which tens of millions of Americans have relied on state and federal unemployment benefits as a lifeline of economic support. While unemployment programs are delivering billions of dollars of aid to families and the economy, the process of applying for and receiving that aid has been frustrating, with the millions seeking aid experiencing excruciating wait times at the hands of overwhelmed state systems. The TCF–New America pandemic unemployment insurance dashboard seeks to shed light on the impacts of and challenges facing this critical safety net. How Many Americans Filed for Benefits This Week? Figure 1 is a...
Continue reading...
(KHN Illustration/Getty Images) ST. LOUIS — Haley Organ thought she had everything figured out. After graduating from a small private college just outside Boston, she earned her master’s degree, entered the workforce and eventually landed a corporate job here as a data analyst. Life seemed to be going as planned until the national retailer that Organ worked for announced furloughs during the coronavirus pandemic. After nine weeks of mandatory leave, the 35-year-old was laid off. The company gave her a severance package and put an expiration date on her health insurance plan. “I haven’t slept the whole night since about March,” Organ said earlier this summer. “I can’t turn my brain off, just...
Continue reading...
Beazley launches cyber and financial lines insurance offering in Colombia London, July 20, 2020 (GLOBE NEWSWIRE) -- Specialist insurer Beazley has launched a suite of innovative cyber and financial lines insurance products to protect against the risks facing businesses and senior executives in Colombia. Beazley has applied its global expertise in managing cyber threats to tailoring an information security and privacy (InfoSec) policy that protects against a wide range of cyber and data security risks impacting Colombia-based businesses. The core policy provides first and third party protection and e-crime cover as well as costs for managing a data breach. In the event of a cyber incident,...
Continue reading...
Both the ongoing demonstrations for racial justice and the COVID-19 pandemic have focused national conversations on the generational wealth gap between Black and white Americans. A slice of that conversation? Insurance ownership. “Marketplace” host Kai Ryssdal spoke to Robert Weems, a professor of business history at Wichita State University in Kansas, about the history of Black-owned insurance agencies and the ramifications of their decline on Black wealth and communities. The following is an edited transcript of their conversation. Kai Ryssdal: Black-owned insurance companies started their operations in a deeply segregated America. How did they do as a business proposition?...
Continue reading...
For more than 20 years, I’ve studied this question—at first, in a very personal sense when I was laid off the day before 9/11, and later, as I studied best practices and researched my book Reinventing You . In a time of so much uncertainty, many professionals feel a bit unmoored. We can’t control the public health situation or the broader economy. But when it comes to our careers, we don’t have to sit back and wait for things to happen to us. Here are four steps every professional can take now to create their own long-term career insurance that will help protect them—regardless of broader instability: Develop “bridging capital” Most...
Continue reading...
THE Durban University of Technology has come under the spotlight after a former staff member was sentenced for committing insurance fraud worth R850 592. The National Prosecuting Agency said several staff members at DUT have been arrested for submitting fraudulent claims. Ntombizandle Ndlovu, DUT Alumni Coordinator, was sentenced to six years imprisonment at the Durban Specialised Commercial Crimes Court after pleading guilty to fraud and money laundering. Ndlovu had taken advantage of a DUT life insurance policy by claiming for her dead husband even though she was unmarried. She used the details of an unknown man. The fraudulent claim of R850 592 was paid out by insurance company,...
Continue reading...
Winnipeg woman fighting insurance policy preventing her from housing international students A Winnipeg woman says her long-time home insurance policy is no longer allowing her to house international students, despite having done so for decades. Vicki Rempel has been opening her home to international students for 20 years. For most of that time, she said, CAA Manitoba has been her home insurance provider, but she recently got a call from an agent saying the company will no longer provide her coverage as long as she has the students. “I was shocked,” Rempel told Global News. Rempel, who currently has two teenage students from Nigeria and Austria living with her, said she asked the...
Continue reading...
