Insurance

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.

Nasdaq Turns to AI to Improve Bank and Insurance Risk Assessment
Nasdaq Turns to AI to Improve Bank and Insurance Risk Assessment
October 17, 2024  |  artificial intelligence

Nasdaq has introduced technology to calculate investment portfolio risk using machine learning. The new functionality, announced Thursday (Oct. 17), will be woven into Nasdaq’s Calypso platform, used by...

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Paymentus Debuts Instant Insurance Claim Disbursement Accelerator
Paymentus Debuts Instant Insurance Claim Disbursement Accelerator
October 15, 2024  |  Insurance

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...

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One Inc and JPMorgan Team to Bolster Insurance Claims Payments
One Inc and JPMorgan Team to Bolster Insurance Claims Payments
October 15, 2024  |  Insurance

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...

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Synchrony Launches Flexible Financial Solution for Pet Care
Synchrony Launches Flexible Financial Solution for Pet Care
October 09, 2024  |  Insurance

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...

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Can CVS Health’s Strategic Overhaul Revitalize Its Market Position?
Can CVS Health’s Strategic Overhaul Revitalize Its Market Position?
October 02, 2024  |  Retail

In the high-stakes world of healthcare retail, CVS Health finds itself at a crossroads, navigating turbulent waters amid investor pressures and a stock price that...

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CFPB Targets Double Billing in Medical Debt Collection
CFPB Targets Double Billing in Medical Debt Collection
October 01, 2024  |  Regulation

The Consumer Financial Protection Bureau (CFPB) is targeting illegal practices among medical debt collectors. The practices include “double-dipping” to get paid for services covered by...

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FCA Wary of AI in Insurance; Harmonic Aims for Mathematical Breakthrough
FCA Wary of AI in Insurance; Harmonic Aims for Mathematical Breakthrough
September 26, 2024  |  Artificial Intelligence

Artificial intelligence is transforming the financial sector, with regulators highlighting potential “uninsurable” risks while innovative applications emerge in small business money management and mathematical problem-solving....

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Beyond Traditional Banking: Insurance Emerges as Key to Diversifying Revenue
Beyond Traditional Banking: Insurance Emerges as Key to Diversifying Revenue
September 26, 2024  |  Insurance

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...

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FCA Head Nikhil Rathi Says AI Has Benefits and Risks for Financial Inclusion
FCA Head Nikhil Rathi Says AI Has Benefits and Risks for Financial Inclusion
September 19, 2024  |  Artificial Intelligence

The hyper-personalization of insurance enabled by artificial intelligence could benefit some customers but render others “uninsurable,” Nikhil Rathi, CEO of the United Kingdom’s Financial Conduct...

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