PYMNTS-MonitorEdge-May-2024

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.

AMTD Digital: Is It All Just Sizzle or Is There Meat That Matters?
AMTD Digital: Is It All Just Sizzle or Is There Meat That Matters?
August 03, 2022  |  Markets

AMTD Digital is having its 15 minutes of meme stock fame. The Chinese company you’d probably never heard of until very recently blew up the...

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Lemonade Sells Metromile Enterprise Business Solutions Platform
Lemonade Sells Metromile Enterprise Business Solutions Platform
August 01, 2022  |  Insurance

Artificial intelligence (AI)-powered insurance company Lemonade has officially divested online insurance platform and pay-per-mile vehicle insurer Metromile’s Enterprise Business Solutions (EBS) to digital insurance platform...

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FDIC’s Warning to Voyager Spotlights Broader Concerns about Insuring Crypto
FDIC’s Warning to Voyager Spotlights Broader Concerns about Insuring Crypto
July 29, 2022  |  Cryptocurrency

The Federal Deposit Insurance Corporation (FDIC) just issued bankrupt crypto lender Voyager Digital a stern warning to stop “making false or misleading representations” implying that...

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Harford Mutual Insurance Group Chooses One Inc’s ClaimsPay for Streamlined Reimbursement
Harford Mutual Insurance Group Chooses One Inc’s ClaimsPay for Streamlined Reimbursement
July 21, 2022  |  Insurance

Harford Mutual Insurance Group tapped digital payments network One Inc’s ClaimsPay to process claims payments and synchronize the company’s workflow, according to a joint press...

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Cyberinsurance Firm Coalition Raises $250M at $5B Valuation
Cyberinsurance Firm Coalition Raises $250M at $5B Valuation
July 08, 2022  |  Investments

Cyberinsurance company Coalition closed a $250 million Series F funding round last month that has valued the provider at $5 billion, according to a Friday...

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Health Insurance Disruptor YuLife Raises $119M to Expand InsurTech
Health Insurance Disruptor YuLife Raises $119M to Expand InsurTech
July 07, 2022  |  Investments

London-based InsurTech startup YuLife has secured more than 117 million euros (about $119 million) in a Series C funding round to expand its global operations...

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B2B InsurTech Platform Pazcare Raises $8.2M for Expanded Insurance Products
B2B InsurTech Platform Pazcare Raises $8.2M for Expanded Insurance Products
June 17, 2022  |  Investments

Employee benefits and B2B InsurTech company Pazcare has announced it has raised $8.2 million in Series A funding round, The Economic Times reported. The company...

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Faster Payments Take Sole Proprietors From Survival to Success
Faster Payments Take Sole Proprietors From Survival to Success
June 15, 2022  |  Faster Payments

Consumers are struggling under growing economic burdens exacerbated by such problems as inflation rising more than 8% in the past year. As the digital transformation...

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Connected Car Data Incentivizes Safer Driving
Connected Car Data Incentivizes Safer Driving
June 08, 2022  |  Connected Economy

Data from connected cars and devices in cars can be used in many applications, but before it can be used in a meaningful way, it...

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