Recent InsurTech Obstacles And Their Potential Solutions

By Shawn Hanson and Crystal Roberts, Akin Gump Strauss Hauer & Feld LLP (December 16, 2016, 4:28 PM EST) -- Shawn Hanson

Crystal Roberts On Nov. 23, 2016, the Washington insurance commissioner ordered Zenefits to cease providing free access to software,[1] following a nearly two-year investigation that began in February 2015 and a separate $100,000 fine in October 2016 for employing unlicensed producers to sell insurance in Washington.[2]

California-based Zenefits offers an online, cloud-based, software-as-a-service platform that integrates "apps" for the administration of human resources, payroll and employee benefits. The core HR apps, which include hiring and terminating employees, managing employee information, tracking employee paid time off, generating Affordable Care Act filings, helping to ensure ACA compliance, and generating various employer...

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