Insurtech

The number of initial claims for unemployment insurance dropped, but insured unemployment reached its highest ...

Nasdaq has introduced technology to calculate investment portfolio risk using machine learning. The new functionality, announced Thursday (Oct. 17), ...

Paymentus has introduced a tool to help insurers offer instant digital disbursements. The Paymentus Disbursements Accelerator, announced Tuesday (Oct. ...

Insurance industry payments network One Inc has launched a collaboration with J.P. Morgan Payments. The new partnership integrates J.P. Morgan Payments’ ...

Consumer financing company Synchrony has begun rolling out a reimbursement process designed to provide an ...

In the high-stakes world of healthcare retail, CVS Health finds itself at a crossroads, navigating ...

The Consumer Financial Protection Bureau (CFPB) is targeting illegal practices among medical debt collectors. The practices ...

Artificial intelligence is transforming the financial sector, with regulators highlighting potential “uninsurable” risks while innovative ...

Banks face a digital shift, pressures on deposits and competition for customer loyalty, so they ...

The hyper-personalization of insurance enabled by artificial intelligence could benefit some customers but render others ...

In an era where digital transformation is reshaping industries across the board, the insurance sector ...

Cultivating a culture of adaptability positions firms to thrive despite economic wild cards, Franklin Madison ...

Where there’s smoke, there’s usually fire. And across the business landscape, where there’s paper, there ...

French embedded insurance startup Neat has raised 50 million euros (about $55 million). This total includes ...

Last-mile delivery management firm Onfleet has integrated with fleet insurance firm Fairmatic. “Businesses that take advantage ...

Technology has long had a profound impact on farming practices. With the advent of artificial ...

PYMNTS Intelligence’s data makes it clear enthusiasm for financial institutions (FIs) as insurance providers is ...

Last month’s worldwide tech outage disrupted organizations from airlines to banks to hospitals. However, one sector ...

The U.S. healthcare system is a thorny, complex and at times highly inefficient ecosystem. Against this ...

The insurance industry, long perceived as a slow-moving behemoth, is experiencing a seismic shift thanks ...

One Inc has named former Flywire Chief Financial Officer (CFO) Michael Ellis as its new CFO. Ellis will ...

In the connected economy, there are simple business models (think subscriptions), complex business models (think ...

Digital insurance provider Lemonade is continuing to incorporate artificial intelligence (AI) into its business. “Investors and analysts often ...

Receiving insurance disbursements in a timely fashion can be crucial. This is especially true if ...

Insurers reportedly could be facing hundreds or thousands of business interruption claims resulting from the Microsoft outage ...

This week featured insights from JOOR CEO Kristin Savilia on the necessity of experiential retail ...

Simply Business has expanded its workers’ compensation insurance offering for small businesses by partnering with ...

As the second half of 2024 unfolds, the insurance sector finds itself in the midst ...

Artificial intelligence (AI) is set to change the health insurance industry, potentially slashing costs and ...

Insurers’ use of artificial intelligence (AI) must not discriminate against consumers, New York State Department ...

InsurTech firm AutoRek has partnered with J.P. Morgan Payments to help insurance companies overcome data challenges with a ...

Despite a recent wave of ransomware attacks, cyber insurance premiums are declining around the globe. That’s ...

As consumers increasingly look to their financial institutions for insurance products, banks have an opportunity ...

One Inc has teamed with insurer Zurich North America to help digitize claim payments. The insurance ...

Forty-four percent of U.S. consumers are interested in purchasing insurance products directly through their financial ...

Oscar Health reportedly aims to expand its presence in the employer market by providing more ...

The first week of June brought scant movement for the FinTech IPO Index overall, as ...

Most consumers get their insurance from various providers, but data shows that consumers want to ...

The Federal Deposit Insurance Corp.’s (FDIC) first-quarter assessment on the banking industry takes note of ...

FintechOS has raised $60 million in a Series B+ investment round to accelerate the global ...

Canadian digital insurance provider Apollo has raised $18.5 million Canadian dollars (about $13.6 million) to ...

Vitesse has completed a $93 million Series C funding round aimed at growing its treasury and ...

InsurTech Cover Genius has raised $80 million in Series E funding to grow its embedded ...

Agile Premium Finance and ePayPolicy have teamed to offer insurance industry clients checkout financing options. “With ePayPolicy’s latest feature release, ...

Porch Group, a U.S. homeowners insurance and home inspection software company, reportedly sued China Construction Bank (CCB), ...

InsurTech firm Cover Genius has formed a new partnership with Adyen, tapping the FinTech as ...

Porch Group has found that unique data provided by its home services software and partnerships has ...

Insurance platform Oscar Health recorded its first-ever net profit amid record customer enrollment in Affordable Care ...

Digital insurance platform Lemonade said its AI investments continue to bear fruit. The company’s latest shareholder letter — while ...

The insurance industry, often perceived as lagging in innovation and adapting to consumer needs, is ...

OneShield has partnered with One Inc to deliver a digital payment solution for the insurance industry. One Inc’s payment product integrations designed ...

Amazon Web Services (AWS) and AXA are jointly developing a global business-to-business (B2B) risk management and prevention ...

In the age of smartphones and instant access to information, it’s no surprise that even ...

Japanese conglomerate Rakuten is considering merging its financial operations into one unit. The plan, announced Monday ...

InsurTech Qoala has raised $47 million in a funding round led by PayPal Ventures and MassMutual Ventures.  The Series C round, announced Wednesday ...

Consumer outcry has led General Motors to cease sharing connected car data with brokers. “As of ...

Findings from a recent New York Times report have brought to light a concerning reality for drivers: their ...

Bottomline expanded the availability of its legal bill review service for property and casualty (P&C) insurance carriers and ...

Nordic Capital is making a strategic investment in One Inc, a digital payments platform for ...

Insurance claims have long been associated with paperwork, delays and frustrations. Whether it’s for auto ...

It’s said that those who don’t learn from history are doomed to repeat it. The spectacular ...

InsureTech companies are showing financial resiliency. After a February that featured 40 funding deals in ...

Digital insurance firm Lemonade says predictions of its demise have been greatly exaggerated. The company’s stock has fallen ...

In many ways, the insurance industry helped hone the algorithms behind artificial intelligence technology. From actuarial ...

Coverdash has raised $13.5 million in Series A funding to expand its embedded insurance offering. The ...

Digital insurance platform Lemonade said artificial intelligence helped it improve its loss ratio. The figure, the ...

Insurance companies are crucial in helping consumers with essential needs. They may provide funds to ...

Michael Boeke, VP of Payment Product Management Enterprise at CCC Intelligent Solutions, told PYMNTS that ...

Small business insurance provider TruShield Insurance is collaborating with Visa to give eligible businesses protection against cybersecurity threats.   “Not having ...

In all industries, what happens after the sale can be as critical as the initial ...

Everyone needs insurance, whether its for your car, your home or your personal possessions. There ...

In the connected economy, InsurTech sprouted as a relatively new category that removed some of ...

Insurance industry cloud platform CCC Intelligence Solutions debuted a new data security tool for collision ...

The co-CEOs of digital insurance company Lemonade will return to their previously held positions on Jan. 1. Shai ...

“Insurance is a personal and custom purchase,” Melissa Hurd, vice president and general manager of the ...

For almost all FinTechs — and especially for publicly traded firms — it has been ...

Humana and Cigna are reportedly in talks for a potential merger that could reshape the health insurance ...

Progressive and State Farm tied for No. 1 in last month’s edition of PYMNTS Provider ...

One Inc, a digital payments network serving the insurance sector, has partnered with J.P. Morgan ...

Intuit has partnered with Allstate Health Solutions to provide expanded insurance options for small businesses ...

American workers are ditching the traditional waiting game and opting to receive their income and ...

Digital insurance company Lemonade says its platform now has 2 million customers. The company announced that milestone ...

The generation gap does not make headlines as much as it used to, but one ...

Generation Z and millennial consumers have a high level of digital expectations that transcend multiple ...

PYMNTS Intelligence interviews Ian Drysdale, CEO of insurance industry digital payments network One Inc, on ...

Generation Z and millennials have different insurance needs from their elders, yet they are already ...

Navigating insurance policies can be a daunting and complex process, especially since we only use ...

CCC Intelligent Solutions has unveiled a tool it says lets collision repair shops launch websites. CCC Amplify, announced Monday ...

The sale of car insurance industry software firm CCC Intelligent Solutions is reportedly in limbo. According to published reports Tuesday ...

Stere Pay unveiled its buy now, pay later (BNPL) gateway for the insurance industry. The initiative ...

Shipping platform Shippo and InsurTech Cover Genius have joined forces to introduce an insurance solution for eCommerce merchants ...

CCC Intelligent Solutions (CCC) added new artificial intelligence (AI)-based photo analysis capabilities to its cloud ...

Legacy payment systems in the financial and insurance industries have often resulted in delays, errors ...

Real-time payments are becoming a major player across industries. Large retail, manufacturing and insurance firms recognize ...

The insurance industry is witnessing a surge in the adoption of real-time payments, with nearly ...

INSHUR, an on-demand insurance platform, has expanded its strategic partnership with Uber as it launches insurance ...

Google and insurance industry cloud platform CCC teamed up to streamline online car repair appointments. The ...

There are ties at the top and bottom of this edition of PYMNTS Provider Ranking ...

FinTech platforms promise to disrupt entire verticals, bringing ease and speed to sectors that have ...

CLARA Analytics, a provider of artificial intelligence (AI) technology for insurance claims optimization, has completed ...

Real-time payment ability may take on new importance amid a growing need for instant disbursments.  Property ...

Big Tech and big data have the opportunity to remake entire industries. The Bank for International Settlements (BIS) ...

Bluevine, a digital banking platform catering to small businesses, has expanded its Federal Deposit Insurance ...

GoodRx says it wants to offer health professionals greater insights into their patients’ insurance coverage. The digital ...

In the ever-evolving landscape of insurance mobile applications, PYMNTS Provider Ranking of Insurance Apps offers insights into ...

Ohio-based Peoples Bank has implemented Corserv‘s credit card program. This partnership aims to revolutionize the banking experience for Peoples ...

Insurance companies are embracing real-time payments when collecting customer premiums or receiving payments from other ...

GoHealth has seen consumers increasingly shop for Medicare plans, and it expects that trend to continue. The ...

Pet medical insurance provider Trupanion says its vet portal can now process a member’s invoice at ...

Victory Insurance has gone live on Insurity’s Sure Claims Payments platform to provide its policyholders, claimants and ...

Uber has teamed with insurtech Cover Genius to protect its drivers in Brazil. The partnership, announced Tuesday (Aug. 8), integrates Uber ...

Artificial intelligence (AI)-driven insurance company Lemonade has announced second-quarter 2023 earnings results, driven by a ...

Health-focused artificial intelligence (AI) company Codoxo has debuted a new tool to automate claim audits. In releasing its ClaimPilot product, ...

Healthy money movement is essential to the healthcare industry. The knock-on effects of quick and seamless ...

The auto claims process is changing as manual steps and paper-based interactions are shifting to ...

Papara has become Turkey’s first FinTech unicorn company. The achievement — reaching a valuation over $1 ...

The President Joe Biden administration has proposed restrictions on “junk insurance” plans that don’t meet the standards ...

In the auto claims industry, the payments tech stack is complex, and the total cost ...

J.P. Morgan Chase reportedly aims to collect on an insurance policy after its acquisition of college ...

The recent banking crisis has strained the U.S. government’s deposit insurance fund. That’s according to data ...

While 2022 was something of a banner year in that $1.37 trillion in insurance claim ...

Gainbridge Insurance Agency will launch a B2B insurance-as-a-service platform for FinTechs later this year. The platform ...

Teradata and FICO have partnered to develop artificial intelligence (AI)-powered decision management solutions. The first solutions ...

Berlin-based InsurTech wefox has raised $110 million to further strengthen its insurance and distribution business. That total includes ...

Obie has raised $26 million in Series B funding to expand its embedded insurance offering for ...

CCC Intelligent Solutions and Verisk have partnered to combat a $308 billion problem: insurance fraud. The ...

TempusDirect and CCC Intelligent Solutions are now working together on third-party casualty solutions. With TempusDirect’s repricing ...

Insurance company Lemonade expects generative AI to automate and improve 100 of its business processes. Lemonade ...

We’ve all gotten used to speed, to getting what we want on demand, through digital ...

Consumers’ need for speed when it comes to insurance payouts may be at odds with ...

ePayPolicy has added a payables reconciliation automation tool to its insurance payment and reconciliation products ...

Digital innovation is coming to corners of the economy that need it but haven’t necessarily ...

Keep those policies current. That’s all we have to say. Except for everything we’re about ...

Like many industries, insurers are also being rocked by macro pressures. “What we’re seeing are resource ...

Cover Genius has purchased the warranty provider Clyde to deepen into midsized eCommerce market share. The ...

Investors were in a “shoot first, ask questions later” frame of mind this past week. As ...

Giving customers less payout options is an odd loyalty play for the insurance sector, yet ...

The problem of failed transactions has yet to be fully addressed in industries such as ...

CyberSmart has raised 12.75 million pounds (about $15 million) in a Series B round. The company ...

Investments in digital systems for fraud prevention, working capital, and accounts receivable (AR) lead a ...

Lemonade says its first full year with all five insurance products in the market was ...

Businesses have dealt with unprecedented change in recent years and are preparing for what comes ...

South Africa’s Naked has raised $17 million to tap into the world’s growing InsurTech market. The ...

Instant payments are finding firm footing as way to get insurance claims paid out quickly. In ...

BNP Paribas Cardif and Lemonade have teamed up to offer digital renters’ insurance in France. The ...

As costs climb, it may finally be time for health insurance companies to grow out ...

Neobank Bunq has tapped Irish InsurTech startup Companjon to provide its users with embedded insurance. Through ...

In the face of ongoing market headwinds, the role of finance and accounting teams is ...

In a climate of economic uncertainty and consumer dissatisfaction, it is crucial that insurance companies ...

With customer satisfaction dropping and nearly one-third of policyholders switching providers in the past year, ...