Why Small Business Liability Insurance Must Be Advanced Into the Digital Age

Insurance Journal | December 30, 2019

Liability insurance as we know it no longer suits a large fraction of today’s and tomorrow’s small-business owners. Brokers and insurers are at a crossroads on how to serve small businesses’ changing needs in the on-demand economy. The industry’s one-size-fits-all approach to liability coverage has largely ignored the generational change at hand, the rise of the gig economy and evolving demands of modern workers. This model not only leaves brokers burdened by time-consuming paperwork and faced with a series of complicated hoops to jump through in order to qualify customers — above all, it renders them unable to deliver tailored coverage to adequately fit client goals and enable their own professional growth. The modern consumer (and broker) expects an instant, on-demand product. Not days. Not hours. Not minutes. Seconds.

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Get to know Why Buy Insurance Through an Insurance Advisor. Insurance advisor knows about various schemes and plans available in the market. He keeps himself updated with the various market trends. Thus, he can help his client in making the right decision.  Insurance advisors understand your risk and estimate the coverage needed. They study various aspects related to insurance while suggesting a plan.

Spotlight

Get to know Why Buy Insurance Through an Insurance Advisor. Insurance advisor knows about various schemes and plans available in the market. He keeps himself updated with the various market trends. Thus, he can help his client in making the right decision.  Insurance advisors understand your risk and estimate the coverage needed. They study various aspects related to insurance while suggesting a plan.

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Battleface Announced the Launch of its Partnership with TripActions

Battleface | April 29, 2022

Battleface announced the launch of its partnership with TripActions, which is an all-in-one travel, corporate card, and expense management solutions providing company. TripActions helps companies and their employees’ traveling management in terms of expenditure, safety, accounts and drives productivity. The novel collaboration brings Battleface with TripActions to provide a more user-friendly travel security expertise. Customers can now access highly customizable travel insurance options through the Battleface Discovery product. The product range would cover all the expenses and an exclusive elevated Rental Car Injury safety provision. TripActions vacationers can also benefit from the partnership by receiving advanced customer service and assistance. We are delighted to join forces with TripActions' innovative team. The new modular travel insurance option will give TripActions' Lemonade users the ability to protect their trip with vast relevant coverage options tailored to each traveler's specific needs. This will ultimately be saving money by eliminating unwanted and unnecessary benefits." Alex Lazcano, Battleface's director of partnerships. We are excited to propose TripActions users a customizable travel insurance offering in collaboration with Battleface. This offering enhances our users' personal travel experiences and gives them additional peace of mind related to their next adventure in protecting by cutting-edge insurance technology." Laura Mighdoll, TripActions' Director of Partner Marketing.

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INSURANCE TECHNOLOGY

Bridge Mutual Starts Offering Decentralized Insurance on Stablecoins

Bridge Mutual | November 21, 2020

Decentralized insurance supplier Bridge Mutual has begun the first-since forever insurance inclusion offering in one of the quickest developing computerized resource markets: stablecoins. Bridge Mutual depends on a decentralized, discretionary insurance application that permits users to guarantee one another and get repaid in case of a market decline or an assault. The administration one-ups the competition by offering to guarantee stablecoins and trades, not simply brilliant contracts. Additionally, Bridge Mutual is based on the Polkadot network, which offers fork-less, on-chain updating capacities and an unrivaled transaction expense structure. Users can join the Bridge Mutual biological system by buying BMI tokens and marking BMI in Bridge inclusion pools. Assets inside the inclusion pools are naturally put on-chain in different stages, for example, Compound and Aave to create yields for users. Statements are produced on-chain by an actuarial recipe; users may connect their Web 3 wallet (Metamask and others) to pay for the inclusion subsequent to getting the statement. Part of the charges paid by users purchasing inclusion is part among users giving that inclusion as a benefit sharing motivator. Stablecoin insurance claims are settled immediately. All different cases experience a 3-stage casting a ballot cycle that settles claims in about a month and a half or less. Motivating force frameworks are set up to guarantee that each guarantee is arbitrated reasonably and precisely without misrepresentation or collusion. “Our platform does not require any form of identification from its users. All funds within our ecosystem are held in smart contracts; Bridge is entirely non-custodial. No Bridge team member ever has access to the funds being staked on the system,” said Bridge Mutual Founder and CEO Michael Miglio. Miglio, an accomplished blockchain lawyer, has offered legitimate types of assistance to various profoundly noticeable blockchain ventures, including Akropolis, Certik, Kinesis, NOIA, QTUM, FABRK and Gate.io. Bridge Mutual has collected a heavenly group of insurance and monetary specialists, just as software engineers and different legal counselors. Bridge Mutual plans to be the main stage to give inclusion to the enormous $20B+ stablecoin economy, which is developing at an exponential rate. The task appreciated oversubscribed holy messenger and seed adjusts, and is at present in negotiations with top-level blockchain assets to fill its private round. About Bridge Mutual Bridge Mutual provides a decentralized, scalable and comprehensive system of smart contracts to insure smart contracts, stablecoins, centralized exchanges, and other crypto and DeFi products. It offers transparent, auditable, on-chain investment strategies to return yields and profit-sharing to its users and does not require KYC or personally identifying information.

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INSURANCE TECHNOLOGY

Guidewire Software Announces Promotion of PartnerConnect Consulting Partner, Exavalu, Inc.

Guidewire | June 10, 2021

Exavalu, Inc. is promoted to PartnerConnect Consulting Select partner by Guidewire Software, Inc.; the platform P&C insurers rely on to engage, innovate, and expand effectively. There are three relationship tiers in the PartnerConnect Consulting partner program: Select, Advantage, and Global Premier. The levels are designed to award partners based on their accomplishments and contributions, such as insurance sector expertise, the number of Guidewire certified employees, and specialization achievement. Exavalu, Inc. is a consulting company focused on the insurance industry that serves as a trusted adviser to significant property and casualty insurers on core and digital transformation. Exavalu’s global Guidewire practice comprises seasoned experts with several years of implementation expertise in the Guidewire suite of products, including InsuranceSuite, Digital, Data, and InsuranceNow, along with Guidewire Cloud, Guidewire’s cloud services. “We congratulate Exavalu, Inc. on its well-deserved promotion to Select partner within our PartnerConnect program,” stated Lisa Walsh, vice president of Alliances at Guidewire Software. “We are delighted to recognize Exavalu Inc.’s proven implementation experience throughout Guidewire’s suite of products, and we look forward to strengthening our collaboration in serving our mutual and valued customers.” About Exavalu, Inc. Exavalu, Inc. is a consulting firm focusing on the insurance business that serves as a trusted advisor to leading Property & Casualty insurers on Core and Digital Transformation. We assist insurance carriers in executing their market growth, profitability, cost-cutting, risk management, and innovation strategies. Our global team of highly experienced Insurance business and technology SMEs provides carriers with advisory and implementation services on core modernization, customer experience enhancement, integration, automation, data analytics, artificial intelligence, and cloud migration and engineering. About Guidewire PartnerConnect Guidewire PartnerConnect Consulting partners offer business transformation and strategy consulting and implementation and related solution and delivery services. Guidewire Consulting practices now have over 12,000 consultants globally that have been trained or have expertise with Guidewire products. Guidewire PartnerConnect is a program that is exclusively available via invitation.

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