3 Signs Your Policy Management Software is Not a Good Fit

Shefali Vasave | August 9, 2022 | 617 views | Read Time : 02:13 min

3 Signs Your Policy Management Software is Not a Good Fit
Policy management assists insurance companies in staying on track to meet their client objectives by selling more policies and collecting more premiums. However, organizations using inadequate or fractured policy management software may be leaving a lot on the table. According to a study by Accenture, automation could save the insurance industry a cumulative $5-7 billion.

Are you facing hurdles in processing policies? Are some of the tasks like policy renewal, policy issuance, policy binding etc., that are supposedly automated still taking up time and resources away from the company? If so, it might be time to rethink your policy management. Here are three signs to look out for when this happens.


There are Hiccups in Your Policy Processing Processes

Being able to make universal changes and synergize different processes is a crucial aspect of policy management. If your insurance policy management tool isn’t able to keep up with the information or automate tasks like making updates and syncing information in real-time, it may be time to reconsider it and seek a solution that integrates Robotic Process Automation, or RPA. RPA tools enable organizations to reduce processing time for issuing, updating and cancelling a policy.

The Underwriting Stage Takes Up a Lot of Time

Underwriting can be a tedious, time-consuming process. With modern policy management solutions, it is possible to automate a number of tasks within underwriting. If your application is contributing to negligible or no reduction in the time it takes for underwriters to process everything. From the applicant’s credit history and scores to savings and loos-run reports, the underwriter needs to manually process this data. However, before that, the data needs to be reached in a streamlined manner. If your platform doesn’t support intelligent automation, digitalizing the underwriting process isn’t possible, in turn hampering the ability to access information when needed.

It is Difficult to Keep Up with Claims Processing

Claims management is an integral part of any insurance workflow, and its automation adds immense business value. If your claim settlement process is slow, filled with bottlenecks, and is impacting consumer experience, your existing platform isn’t doing any favours. Advanced claims processing solutions let you integrate features that align with the workflows of the insurer.

Customer Experience Isn’t Up to the Mark

Poor policy management processes are always reflected in the overall customer experience. Are you inundated with customer complaints, feedback about slow processing, and injured employee morale from poor performance and higher work load? The key is to take a good look at your current workflow and how it is affecting the end consumer. In a high-stress service like insurance, nothing less than an impeccable customer experience is a base expectation. The lack of responsiveness in your communication can result in a high customer churn rate. With a good policy management solution, your teams are able to stay on track and automate tasks when needed in order to keep customers updated.

Final Word

The insurance sector is a fast-paced business world and requires insurtech solutions that can handle the tremendous pressures and demands of customers. The four signs indicate that it might be time to introspect and, if needed, jumpstart your digital transformation journey.

Spotlight

Euler Hermes

We are the global leader in trade credit insurance and a recognised specialist in the areas of surety, collections, structured trade credit and political risk. Our proprietary intelligence network means we track and analyse companies in markets representing 92% of the world's GDP.

OTHER ARTICLES
INSURANCE TECHNOLOGY

How InsurTech-Insurance Partnership Delivers New Product Innovations

Article | July 7, 2022

In 2019, InsurTech funding reached $6 billion, acknowledging the pace that technology can bring to overcome the age-old Insurance problems, the State of AI in Insurance 2020 says. While Incumbents are known for their core competencies in end-to-end insurance processes (from underwriting to claims settlement and reinsurance), InsurTechs are enticing millennials with fully digital innovative products and solutions.

Read More
INSURANCE TECHNOLOGY

The role of AI in enhancing claims experience for Insurance customers

Article | July 13, 2022

Insurance customers are most vulnerable when they file a claim. Be it life or general insurance, claims are filed in distress. This is also a critical moment for Insurers. The claims experience they deliver determines customer loyalty, which also influences referral customers in the long run. In the Insurance industry, where products and pricing among the competitors are almost the same, customer experience becomes the main differentiator.

Read More
INSURANCE TECHNOLOGY

5 Deep Learning Use Cases for the Insurance Industry

Article | July 19, 2022

In 2010, with the launch of the Image Net Competition, a vast dataset of about 14 million labeled images was made open-source to inspire the development of cutting-edge image classifiers. This was when Deep Learning technology got it’s a real breakthrough and since then there’s been no looking back for advancements in this field.

Read More

DOES YOUR INSURANCE COMPANY ACTUALLY NEED BLOCKCHAIN RIGHT NOW?

Article | February 10, 2020

Blockchain has great potential to create value for insurance organizations. But these are the three questions to ask before you make the investment. In my last post, I spoke about why teamwork is the key to unlocking blockchain’s true value. Today I want to talk about the key things to consider before pulling the trigger on investing in blockchain. Not because I want to deter you, but because it might not be the right solution for you at this time.

Read More

Spotlight

Euler Hermes

We are the global leader in trade credit insurance and a recognised specialist in the areas of surety, collections, structured trade credit and political risk. Our proprietary intelligence network means we track and analyse companies in markets representing 92% of the world's GDP.

Related News

CORE INSURANCE, INSURANCE TECHNOLOGY

Insurance Leader Lemonade Selects the Talon Enterprise Browser

Businesswire | June 09, 2023

Talon Cyber Security, the leader in enterprise browser technology, today announced that Lemonade, Inc. (NYSE: LMND) has chosen the Talon Enterprise Browser to more easily navigate post-acquisition business integrations and to secure unmanaged devices in use across its environment. Lemonade, the digital insurance company powered by AI and social impact, offers renters, homeowners, car, pet and life insurance. The company uses machine learning to make insurance instant and simple for individuals and is expanding globally. Dealing with a complex, distributed workforce and business integration efforts following an acquisition in July 2022, Lemonade made the decision to simplify its security stack by deploying the Talon Enterprise Browser. Lemonade evaluated other browser security solutions, and ultimately selected Talon due to its advanced protection capabilities, granular control features, superior user experiences, and the wide range of use cases the solution addresses. “As a company that prides itself on its ability to make life easier for our customers, we could not consider any solution that was going to hinder the productivity of our workforce,” said Jonathan Jaffe, Chief Information Security Officer, Lemonade. “We needed a technology that was easy to use, did not change how our users work, and would give us the enhanced protection we were looking for. The transition from Chrome to Talon’s browser was frictionless for our users, and has helped us better secure our environment.” As a growing company, Lemonade may use third-party partners to support its business and scale operations. These third parties may work from unmanaged devices that Lemonade’s security team would have little visibility into if not for Talon. By requiring access from Talon’s non-invasive browser on these devices, Lemonade’s security team gains pivotal visibility and control, extending the security of the organization to these users. “We can secure any user across the organization, irrespective of the type of device used,” added Jaffe. “This allows us to onboard more people, more quickly, and simplify the process. With Talon, we can improve onboarding in a way that prioritizes security.” Talon’s Enterprise Browser simplifies and improves security by allowing organizations to secure any user, in any location, on any device. With Talon, security teams benefit from deep visibility into and control over browser and web activity, including protections around screenshots, copy and paste, downloads and uploads, and enterprise-grade security features like authentication, data loss prevention and Zero Trust controls. Based on Chromium, Talon’s Enterprise Browser drastically reduces the cost and complexity of security programs, while protecting end-user privacy and delivering superior user experiences. “To be entrusted with securing Lemonade’s workforce is an honor,” said Ofer Ben-Noon, co-founder and CEO, Talon Cyber Security. “We are confident that Talon’s approach of securing users at the very point they interact with corporate applications and data – the browser – will be a competitive advantage for Lemonade going forward. We look forward to working closely together to ensure that their team realizes unmatched value from our solution.” About Talon Cyber Security Talon Cyber Security enables customers to secure any user, in any location, on any device with its market leading enterprise browser. Built on Chromium, the Talon Enterprise Browser provides customers with the consistent user experiences, deep security visibility, and control over SaaS and web applications needed to simplify security for the modern enterprise. Talon was named the Most Innovative Startup of 2022 at the prestigious RSA Conference Innovation Sandbox Contest. For more information, visit Talon at talon-sec.com, or connect on LinkedIn and Twitter. AboutLemonade Lemonade is digital insurance built on social impact. That means you can sign up instantly to cover your stuff, home, pets, family and car all within one app. It also means your unused premiums are donated to a charity of your choice through Lemonade’s Giveback, which has given over $4 million to non-profit organizations around the world.

Read More

LIFE INSURANCE, INSURANCE TECHNOLOGY

Empathy and Majesco Partner to Provide Innovative Tech to Benefit Life Insurance Carriers and Beneficiaries

Businesswire | June 01, 2023

Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced a new partnership with Empathy, the innovator behind the leading platform that helps families navigate the emotional and logistical challenges of loss. This partnership will provide life insurers with tech-powered services to aid them in delivering comprehensive bereavement support to beneficiaries. Empathy’s recently published installment of its annual Cost of Dying Report sheds light on the financial and emotional demands of loss, finding that the average bereaved family spends close to $5,000 on all legal matters, yet under 15% of these families have access to life insurance or dedicated funds to settle the estate. The strain faced by bereaved families presents both a challenge and an opportunity for life insurance carriers, as they work with families struggling through these burdens every day. Insurance providers are in a unique position to go beyond a financial payout and act as a source of support, guidance, and information for grieving beneficiaries. “If you want to build a relationship of trust and generational loyalty with beneficiaries, the first step is providing valuable support that acknowledges the nature and significance of the burden they face,” said Ron Gura, Co-Founder & CEO of Empathy. “Our experience has taught us that the burden of loss is both broad and deep, and life insurers can play a leading role in supporting bereaved families as they navigate emotional and logistical challenges. Partnering with industry leaders like Majesco further simplifies the implementation of our services with insurers of all sizes, meeting beneficiaries where they are. Together, we are transforming transactions into relationships and sticking around with families in the days, weeks, and months following their loss.” Both Empathy and Majesco provide unique solutions for insurance companies seeking to better support their beneficiaries. Over 350 insurers, from startups to some of the world’s largest insurance companies, use Majesco’s SaaS solutions to anticipate what’s next and deliver customized experiences that customers rely on. Empathy’s bereavement care platform accentuates that support, ensuring that beneficiaries have access to comprehensive grief care and helping them wind down their loved one’s affairs with full administrative assistance. “The life, annuity and health market is evolving in its understanding of ways in which insurance providers can improve operationally and create long-term value for beneficiaries especially during their most difficult and critical moments,” said Ray Law, SVP & GM of Products at Majesco. “As a company focused on delivering outstanding experiences for customers, we pride ourselves on selecting innovative partners like Empathy to maximize the support we are able to offer to the people we serve.” About Empathy Empathy is the comprehensive support system for loss, offering bereaved families holistic guidance and care for all of the administrative, emotional, legal, and financial challenges they face after their loved one passes away. Empathy's award-winning app and care team are trusted by leading employers and insurance carriers to support their employees and beneficiaries through life's greatest challenges, saving them time, money, and stress. Headquartered in New York and recognized as a Top Digital Health Company by CB Insights, as well as a Most Innovative Company by FastCompany, Empathy has raised $43 million in funding from leading investors including General Catalyst, Aleph VC, and Entrée Capital. To learn more about Empathy, visit us at empathy.com. About Majesco Majesco is the partner P&C and L&AH insurers choose to create and deliver outstanding experiences for customers. We combine our technology and insurance experience to anticipate what’s next, without losing sight of what’s important now. Over 330 insurers, from greenfields and startups to some of the world’s largest insurers, rely on Majesco’s SaaS platforms solutions of core, data, analytics, digital, and rich ecosystem of partners to create their next now. As an industry leader, we don’t believe in managing risk by avoiding change. We embrace change, even cause it, to get and stay ahead of risk. With 825+ successful implementations we are uniquely qualified to bridge the gap between a traditional insurance industry approach and a pure digital mindset. We give customers the confidence to decide, the products to perform, and the follow-through to execute.

Read More

WORKERS COMPENSATION, INSURANCE TECHNOLOGY

NEXT Insurance and Gusto Expand Partnership to Modernize Embedded Payroll Experience

PRnewswire | June 08, 2023

NEXT Insurance, a leading digital insurtech transforming small business insurance, today announced its expanded partnership with Gusto Embedded. The strengthened partnership will exclusively offer NEXT's pay-as-you-go workers' compensation to the small business customers of Gusto Embedded partners through NEXT's industry-leading, fully embedded insurance solution, NEXT Connect. Users can benefit from NEXT's technologically advanced, in-house pay-as-you-go offering for workers' compensation which enables better cash flow management for small businesses and ensures they only pay for the coverage they need. This solution marks the first time workers' compensation insurance is being offered through an embedded payroll experience. Available now, small business owners can get a free quote within minutes and sign up for a pay-as-you-go workers' compensation policy to protect their businesses from unexpected expenses, all within the third-party SaaS platforms, taking advantage of this unique embedded fintech partnership. "NEXT and Gusto Embedded unite under the shared goal of supporting small businesses across the U.S. with the tools they need to simplify two of the most complex functions they'll face at work: insurance and payroll," said Eran Liron, Chief Strategy Officer at NEXT Insurance. "Offering this digital embedded payroll experience together with Gusto allows us to streamline this process, making it easier and more convenient for small business owners to stay compliant and protect themselves, all from the partners they trust most." With NEXT Connect, signing up for workers' compensation can be seamlessly integrated into a third-party software at the time of payroll onboarding or elsewhere in the user interface. This enables more contextual offers for payroll and workers' compensation based on customer data or activity, including in-app notifications about the next steps that should be taken once you've hired your first employee. NEXT and Gusto Embedded's partnership enables a more convenient way for small businesses to stay compliant and protect themselves. "Allowing small businesses to access reliable payroll and pay-as-you-go workers' comp products embedded in the software solutions they use already saves them time, reduces errors, and gives them peace of mind," said Yi Liu, General Manager of Gusto Embedded. "The expanded solution with NEXT allows our partners to offer small businesses workers' compensation seamlessly and quickly, while also advancing our goal of helping businesses create great places to work and helping our partners grow revenue." NEXT Connect enables small business partners in industries including payroll, POS (point of sale), accounting, e-commerce, banking and others to purchase fast and affordable insurance coverage in a way that is convenient for them, either entirely online or with the assistance of a licensed insurance agent. About NEXT Insurance NEXT Insurance is transforming small business insurance with simple, digital and affordable coverage tailored to the self-employed. Trusted by over 450 thousand business owners, NEXT offers policies that are easy to buy and provides 24/7 access to Live Certificates of Insurance, Additional Insured, and more, with no extra fees. Revolutionizing a historically complicated insurance industry, NEXT utilizes AI and machine learning to simplify the purchasing process and provide more affordable coverage. Founded in 2016, the company is headquartered in Palo Alto, has received a total of $881 million in venture capital funding, is rated "A- Excellent" by AM Best and has been recognized by CNBC Disruptor 50, Forbes Fintech 50, Inc.'s Best-Led Companies, and Forbes Best StartUp Employers. To learn more about partnering with NEXT and the value of embedded insurance, please visit NEXT's partner page. Stay up to date on the latest with NEXT on Twitter, LinkedIn, Facebook and our blog. About Gusto Gusto is a modern, online people platform that provides more than 300,000 SMBs with the tools and services they need to hire, pay, insure, and support their teams. Gusto Embedded, a developer platform and support infrastructure, enables software platforms to offer in-app, modern payroll products to their customers as well. With Gusto Embedded, SaaS developers can leverage Gusto's 10+ years of experience as well as Gusto's tax filing, payments, and compliance infrastructure in order to build deeply integrated, tailored payroll products that improve the user experience and drive revenue.

Read More

CORE INSURANCE, INSURANCE TECHNOLOGY

Insurance Leader Lemonade Selects the Talon Enterprise Browser

Businesswire | June 09, 2023

Talon Cyber Security, the leader in enterprise browser technology, today announced that Lemonade, Inc. (NYSE: LMND) has chosen the Talon Enterprise Browser to more easily navigate post-acquisition business integrations and to secure unmanaged devices in use across its environment. Lemonade, the digital insurance company powered by AI and social impact, offers renters, homeowners, car, pet and life insurance. The company uses machine learning to make insurance instant and simple for individuals and is expanding globally. Dealing with a complex, distributed workforce and business integration efforts following an acquisition in July 2022, Lemonade made the decision to simplify its security stack by deploying the Talon Enterprise Browser. Lemonade evaluated other browser security solutions, and ultimately selected Talon due to its advanced protection capabilities, granular control features, superior user experiences, and the wide range of use cases the solution addresses. “As a company that prides itself on its ability to make life easier for our customers, we could not consider any solution that was going to hinder the productivity of our workforce,” said Jonathan Jaffe, Chief Information Security Officer, Lemonade. “We needed a technology that was easy to use, did not change how our users work, and would give us the enhanced protection we were looking for. The transition from Chrome to Talon’s browser was frictionless for our users, and has helped us better secure our environment.” As a growing company, Lemonade may use third-party partners to support its business and scale operations. These third parties may work from unmanaged devices that Lemonade’s security team would have little visibility into if not for Talon. By requiring access from Talon’s non-invasive browser on these devices, Lemonade’s security team gains pivotal visibility and control, extending the security of the organization to these users. “We can secure any user across the organization, irrespective of the type of device used,” added Jaffe. “This allows us to onboard more people, more quickly, and simplify the process. With Talon, we can improve onboarding in a way that prioritizes security.” Talon’s Enterprise Browser simplifies and improves security by allowing organizations to secure any user, in any location, on any device. With Talon, security teams benefit from deep visibility into and control over browser and web activity, including protections around screenshots, copy and paste, downloads and uploads, and enterprise-grade security features like authentication, data loss prevention and Zero Trust controls. Based on Chromium, Talon’s Enterprise Browser drastically reduces the cost and complexity of security programs, while protecting end-user privacy and delivering superior user experiences. “To be entrusted with securing Lemonade’s workforce is an honor,” said Ofer Ben-Noon, co-founder and CEO, Talon Cyber Security. “We are confident that Talon’s approach of securing users at the very point they interact with corporate applications and data – the browser – will be a competitive advantage for Lemonade going forward. We look forward to working closely together to ensure that their team realizes unmatched value from our solution.” About Talon Cyber Security Talon Cyber Security enables customers to secure any user, in any location, on any device with its market leading enterprise browser. Built on Chromium, the Talon Enterprise Browser provides customers with the consistent user experiences, deep security visibility, and control over SaaS and web applications needed to simplify security for the modern enterprise. Talon was named the Most Innovative Startup of 2022 at the prestigious RSA Conference Innovation Sandbox Contest. For more information, visit Talon at talon-sec.com, or connect on LinkedIn and Twitter. AboutLemonade Lemonade is digital insurance built on social impact. That means you can sign up instantly to cover your stuff, home, pets, family and car all within one app. It also means your unused premiums are donated to a charity of your choice through Lemonade’s Giveback, which has given over $4 million to non-profit organizations around the world.

Read More

LIFE INSURANCE, INSURANCE TECHNOLOGY

Empathy and Majesco Partner to Provide Innovative Tech to Benefit Life Insurance Carriers and Beneficiaries

Businesswire | June 01, 2023

Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced a new partnership with Empathy, the innovator behind the leading platform that helps families navigate the emotional and logistical challenges of loss. This partnership will provide life insurers with tech-powered services to aid them in delivering comprehensive bereavement support to beneficiaries. Empathy’s recently published installment of its annual Cost of Dying Report sheds light on the financial and emotional demands of loss, finding that the average bereaved family spends close to $5,000 on all legal matters, yet under 15% of these families have access to life insurance or dedicated funds to settle the estate. The strain faced by bereaved families presents both a challenge and an opportunity for life insurance carriers, as they work with families struggling through these burdens every day. Insurance providers are in a unique position to go beyond a financial payout and act as a source of support, guidance, and information for grieving beneficiaries. “If you want to build a relationship of trust and generational loyalty with beneficiaries, the first step is providing valuable support that acknowledges the nature and significance of the burden they face,” said Ron Gura, Co-Founder & CEO of Empathy. “Our experience has taught us that the burden of loss is both broad and deep, and life insurers can play a leading role in supporting bereaved families as they navigate emotional and logistical challenges. Partnering with industry leaders like Majesco further simplifies the implementation of our services with insurers of all sizes, meeting beneficiaries where they are. Together, we are transforming transactions into relationships and sticking around with families in the days, weeks, and months following their loss.” Both Empathy and Majesco provide unique solutions for insurance companies seeking to better support their beneficiaries. Over 350 insurers, from startups to some of the world’s largest insurance companies, use Majesco’s SaaS solutions to anticipate what’s next and deliver customized experiences that customers rely on. Empathy’s bereavement care platform accentuates that support, ensuring that beneficiaries have access to comprehensive grief care and helping them wind down their loved one’s affairs with full administrative assistance. “The life, annuity and health market is evolving in its understanding of ways in which insurance providers can improve operationally and create long-term value for beneficiaries especially during their most difficult and critical moments,” said Ray Law, SVP & GM of Products at Majesco. “As a company focused on delivering outstanding experiences for customers, we pride ourselves on selecting innovative partners like Empathy to maximize the support we are able to offer to the people we serve.” About Empathy Empathy is the comprehensive support system for loss, offering bereaved families holistic guidance and care for all of the administrative, emotional, legal, and financial challenges they face after their loved one passes away. Empathy's award-winning app and care team are trusted by leading employers and insurance carriers to support their employees and beneficiaries through life's greatest challenges, saving them time, money, and stress. Headquartered in New York and recognized as a Top Digital Health Company by CB Insights, as well as a Most Innovative Company by FastCompany, Empathy has raised $43 million in funding from leading investors including General Catalyst, Aleph VC, and Entrée Capital. To learn more about Empathy, visit us at empathy.com. About Majesco Majesco is the partner P&C and L&AH insurers choose to create and deliver outstanding experiences for customers. We combine our technology and insurance experience to anticipate what’s next, without losing sight of what’s important now. Over 330 insurers, from greenfields and startups to some of the world’s largest insurers, rely on Majesco’s SaaS platforms solutions of core, data, analytics, digital, and rich ecosystem of partners to create their next now. As an industry leader, we don’t believe in managing risk by avoiding change. We embrace change, even cause it, to get and stay ahead of risk. With 825+ successful implementations we are uniquely qualified to bridge the gap between a traditional insurance industry approach and a pure digital mindset. We give customers the confidence to decide, the products to perform, and the follow-through to execute.

Read More

WORKERS COMPENSATION, INSURANCE TECHNOLOGY

NEXT Insurance and Gusto Expand Partnership to Modernize Embedded Payroll Experience

PRnewswire | June 08, 2023

NEXT Insurance, a leading digital insurtech transforming small business insurance, today announced its expanded partnership with Gusto Embedded. The strengthened partnership will exclusively offer NEXT's pay-as-you-go workers' compensation to the small business customers of Gusto Embedded partners through NEXT's industry-leading, fully embedded insurance solution, NEXT Connect. Users can benefit from NEXT's technologically advanced, in-house pay-as-you-go offering for workers' compensation which enables better cash flow management for small businesses and ensures they only pay for the coverage they need. This solution marks the first time workers' compensation insurance is being offered through an embedded payroll experience. Available now, small business owners can get a free quote within minutes and sign up for a pay-as-you-go workers' compensation policy to protect their businesses from unexpected expenses, all within the third-party SaaS platforms, taking advantage of this unique embedded fintech partnership. "NEXT and Gusto Embedded unite under the shared goal of supporting small businesses across the U.S. with the tools they need to simplify two of the most complex functions they'll face at work: insurance and payroll," said Eran Liron, Chief Strategy Officer at NEXT Insurance. "Offering this digital embedded payroll experience together with Gusto allows us to streamline this process, making it easier and more convenient for small business owners to stay compliant and protect themselves, all from the partners they trust most." With NEXT Connect, signing up for workers' compensation can be seamlessly integrated into a third-party software at the time of payroll onboarding or elsewhere in the user interface. This enables more contextual offers for payroll and workers' compensation based on customer data or activity, including in-app notifications about the next steps that should be taken once you've hired your first employee. NEXT and Gusto Embedded's partnership enables a more convenient way for small businesses to stay compliant and protect themselves. "Allowing small businesses to access reliable payroll and pay-as-you-go workers' comp products embedded in the software solutions they use already saves them time, reduces errors, and gives them peace of mind," said Yi Liu, General Manager of Gusto Embedded. "The expanded solution with NEXT allows our partners to offer small businesses workers' compensation seamlessly and quickly, while also advancing our goal of helping businesses create great places to work and helping our partners grow revenue." NEXT Connect enables small business partners in industries including payroll, POS (point of sale), accounting, e-commerce, banking and others to purchase fast and affordable insurance coverage in a way that is convenient for them, either entirely online or with the assistance of a licensed insurance agent. About NEXT Insurance NEXT Insurance is transforming small business insurance with simple, digital and affordable coverage tailored to the self-employed. Trusted by over 450 thousand business owners, NEXT offers policies that are easy to buy and provides 24/7 access to Live Certificates of Insurance, Additional Insured, and more, with no extra fees. Revolutionizing a historically complicated insurance industry, NEXT utilizes AI and machine learning to simplify the purchasing process and provide more affordable coverage. Founded in 2016, the company is headquartered in Palo Alto, has received a total of $881 million in venture capital funding, is rated "A- Excellent" by AM Best and has been recognized by CNBC Disruptor 50, Forbes Fintech 50, Inc.'s Best-Led Companies, and Forbes Best StartUp Employers. To learn more about partnering with NEXT and the value of embedded insurance, please visit NEXT's partner page. Stay up to date on the latest with NEXT on Twitter, LinkedIn, Facebook and our blog. About Gusto Gusto is a modern, online people platform that provides more than 300,000 SMBs with the tools and services they need to hire, pay, insure, and support their teams. Gusto Embedded, a developer platform and support infrastructure, enables software platforms to offer in-app, modern payroll products to their customers as well. With Gusto Embedded, SaaS developers can leverage Gusto's 10+ years of experience as well as Gusto's tax filing, payments, and compliance infrastructure in order to build deeply integrated, tailored payroll products that improve the user experience and drive revenue.

Read More

Events