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.

European Insurance Giants See Share Prices Swoon From COVID-19
European Insurance Giants See Share Prices Swoon From COVID-19
August 17, 2020  |  International

The stock prices of Europe’s big commercial insurers are taking it on the chin as claims mount amid the coronavirus pandemic. The EURO STOXX Insurance...

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Kount Offers Anti-Fraud Product Aimed At Insurance Industry
Kount Offers Anti-Fraud Product Aimed At Insurance Industry
August 11, 2020  |  Security & Fraud

Idaho-based Kount has released a new product aimed at preventing insurance fraud as the industry increasingly turns to digital, and even mobile, setups. In a...

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Lemonade CFO On The Insurance Industry’s ‘Innovator’s Dilemma’
Lemonade CFO On The Insurance Industry’s ‘Innovator’s Dilemma’
July 27, 2020  |  Innovation

The insurance industry has been bogged down by sluggish service and even slower payouts for decades, and while policyholders have certainly weathered their fair share...

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Now Available On Amazon In India: Auto Insurance
Now Available On Amazon In India: Auto Insurance
July 23, 2020  |  Amazon

At last check, Amazon Inc. sells more than 353 million products — but that number has risen by one. Reuters reported the mega eCommerce website...

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InsurTech Hippo Closes On $150M On $1.5B Valuation
InsurTech Hippo Closes On $150M On $1.5B Valuation
July 21, 2020  |  Investments

Hippo, the tech startup that provides home insurance digitally, has raised $150 million in a funding round that brings its valuation to $1.5 billion, the...

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India’s InsurTech Policybazaar Eyes IPO
India’s InsurTech Policybazaar Eyes IPO
July 20, 2020  |  IPO

Policybazaar is gearing up for a $500 million initial public offering (IPO) as the online insurance platform drives a wave of rising demand for coverage...

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How One Startup Is Reinventing Travel Insurance For The Post-Pandemic World
How One Startup Is Reinventing Travel Insurance For The Post-Pandemic World
July 16, 2020  |  Travel Payments

Admittedly, it might seem like a strange time to be launching an innovative travel insurance product given how much the tourism industry has contracted in...

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Walmart Forms Company To Sell Insurance Amid Healthcare Push
Walmart Forms Company To Sell Insurance Amid Healthcare Push
July 08, 2020  |  Healthcare

As it grows its healthcare offerings beyond low-cost clinics and technology to help patients manage their medications, Walmart has formed a new company to sell insurance...

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