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.

InsurTech Firm Vitesse Closes on $26M in Series B Funding
InsurTech Firm Vitesse Closes on $26M in Series B Funding
February 10, 2022  |  Investments

Vitesse, the United Kingdom-based FinTech, secured $26 million in Series B funding, the company announced Thursday (Feb. 10). This latest round will enable the global...

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Consumers Prefer Transparency in Paying for Healthcare
Consumers Prefer Transparency in Paying for Healthcare
February 02, 2022  |  Healthcare

While many consumers expect to have to shell out money for a copay when they see a doctor, they still approach the visit with the...

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Revolut Enters European InsurTech Space With the Launch of Pet Insurance
Revolut Enters European InsurTech Space With the Launch of Pet Insurance
February 02, 2022  |  Insurance

As they seek to gain a competitive advantage over other players in the field, digital banks are expanding their product offerings with insurance and boosting...

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Tesla Aims to Expand Telematics Auto Insurance Nationwide
Tesla Aims to Expand Telematics Auto Insurance Nationwide
January 27, 2022  |  Insurance

Tesla auto insurance is now available in five states, and the company plans to continue its rollout nationwide, company executives said Thursday (Jan. 27). “Our...

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Report: Only One-Third of Patients Get Healthcare Cost Estimates Before Visits
Report: Only One-Third of Patients Get Healthcare Cost Estimates Before Visits
January 27, 2022  |  Healthcare

Wellness has become paramount as consumers return to office visits with their healthcare providers and undergo elective procedures put off during the pandemic. Ninety percent...

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Workers’ Comp Insurance Carriers Move to Payroll Billing
Workers’ Comp Insurance Carriers Move to Payroll Billing
January 26, 2022  |  B2B Payments

The traditional billing model for workers’ compensation insurance was shown to be flawed during the pandemic. Typically, a 12-month estimate of payroll is made up...

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Telematics Put Auto Insurers in the Premiums Driver’s Seat
Telematics Put Auto Insurers in the Premiums Driver’s Seat
January 21, 2022  |  Insurance

When the pandemic hit and consumers suddenly found that their cars were sitting in their driveways, many wondered why they were still paying for auto...

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EMEA Daily: Amazon UK Changes Course, Decides to Accept Visa After All; UK’s FCA Issued $775M in Fines in 2021
EMEA Daily: Amazon UK Changes Course, Decides to Accept Visa After All; UK’s FCA Issued...
January 17, 2022  |  International

In today’s top Europe, Middle East and Africa news, Amazon U.K. is changing course and has decided to accept Visa after all, and the U.K.’s...

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Demand for Faster Payouts Drives Digitization in Europe’s Insurance Space
Demand for Faster Payouts Drives Digitization in Europe’s Insurance Space
January 17, 2022  |  Insurance

In the past two years, the pandemic-induced digital shift has forced payment providers and other organizations to improve their payout processes, especially as consumers seek...

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