The insurance industry has faced challenges in implementing real-time payouts due to high costs and transparency issues, despite the potential benefits for insurers and customers, such as reduced delays and improved satisfaction. According to a PYMNTS Intelligence report, “Real Time Matters: The Imperative for Instant...
LendingTree has teamed with Coverdash to offer insurance coverage to its small business and startup customers. The collaboration, announced Wednesday (Nov. 20), expands LendingTree’s financial product suite to allow small and medium-sized businesses (SMBs) access to Coverdash’s fully embedded insurance offering. “This partnership marks an important step in LendingTree’s evolution...
Innovation is born in times of struggle. And in the aftermath of Hurricanes Helene and Milton, with insurers across the southeastern United States seeing a massive surge in claims as homeowners face the challenge of repairing and rebuilding their lives, digital innovations are helping shape...
Paymentus has introduced a tool to help insurers offer instant digital disbursements. The Paymentus Disbursements Accelerator, announced Tuesday (Oct. 15), has been added to the Guidewire ClaimCenter, and is designed to help insurers rapidly weave instant digital disbursement capabilities into their claims management processes. “For more than a...
Insurance industry payments network One Inc has launched a collaboration with J.P. Morgan Payments. The new partnership integrates J.P. Morgan Payments’ capabilities with One Inc’s PremiumPay and ClaimsPay solutions, giving insurance carriers access to One Inc’s suite of inbound and outbound digital payment services, the companies said in a Tuesday...
Consumer financing company Synchrony has begun rolling out a reimbursement process designed to provide an easy and flexible financial solution for pet care. This solution connects pet insurance and Synchrony’s CareCredit health and wellness credit card so that insurance claim reimbursements can go directly to...
Banks face a digital shift, pressures on deposits and competition for customer loyalty, so they must constantly fine-tune their operations, embracing new revenue streams and avenues of customer engagement. Insurance may seem like a natural fit for banks large and small. Consumers and commercial enterprises...
In an era where digital transformation is reshaping industries across the board, the insurance sector is no exception. One of the companies with a stake in the game is One Inc, and CEO Ian Drysdale told PYMNTS for the “What’s Next in Payments: How Do...
Where there’s smoke, there’s usually fire. And across the business landscape, where there’s paper, there tends to be countless inefficiencies, higher costs — and even fraud. This holds particularly true within the insurance industry, which has long been known for its reliance on paper, manual...
