Priya PatelParento has launched parental leave insurance on the Joshu platform, which provides the technology needed to introduce new insurance products to market. Parento’s insurance offering aims to alleviate the financial and logistical burden on employers by offering up to 16 weeks of paid parental leave, complemented by leave management and parent support services. Only 27% of private employees in the US have access to paid parental leave, according to the Bureau of Labor Statistics.
Parento introduces parental leave insurance alongside Joshua.
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