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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.

Visa, Insurers Partner On Real-Time Claims Payouts
Visa, Insurers Partner On Real-Time Claims Payouts
September 13, 2019  |  VISA

Visa has struck a number of new partnerships to digitize and accelerate insurance claims payouts, the company said in a press release Friday (Sept. 13)....

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How AI, ML Are Revitalizing The Insurance Claims Process
How AI, ML Are Revitalizing The Insurance Claims Process
September 09, 2019  |  Disbursements

The insurance industry has a reputation for slow procedures and even slower payments, and the claims process still often requires customers to deal with depositing...

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The Quick And Quiet Evolution Of Insurance Toward Instant Payments 
The Quick And Quiet Evolution Of Insurance Toward Instant Payments 
September 09, 2019  |  Faster Payments

Hurricane Dorian may be officially over, but for those in the Southeastern United States and the Bahamas, the rebuild is just getting started. According to the...

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Speeding Up Gig Economy Disbursements
Speeding Up Gig Economy Disbursements
September 06, 2019  |  Disbursements

Uber drivers and Airbnb hosts expect to be paid instantly, yet insurance claims payouts for their car accidents or home repairs are still a slow,...

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How AI Makes Claims Payouts Faster And Smarter
How AI Makes Claims Payouts Faster And Smarter
September 05, 2019  |  Disbursements

Seventy percent of gig economy workers are still living paycheck to paycheck, despite pulling in more money than ever. Instant payments and disbursements are therefore...

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Tractable Taps AI For Faster Auto Insurance Claims
Tractable Taps AI For Faster Auto Insurance Claims
August 05, 2019  |  Disbursements

For roughly 6 million Americans who get into car accidents each year, another harrowing experience awaits when it comes to the insurance claim. After an...

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Putting AI In The Auto Insurance Claims Drivers Seat
Putting AI In The Auto Insurance Claims Drivers Seat
August 02, 2019  |  Disbursements

Financial institutions (FIs) and merchants worldwide understand how instant payments and disbursements could change the way customers and businesses operate and disrupt numerous industries such...

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Travelers Companies Now Sends Insurance Claim Payments Via PayPal
Travelers Companies Now Sends Insurance Claim Payments Via PayPal
July 31, 2019  |  Digital Payments

The Travelers Companies, Inc. says its insurance customers can now receive claim payments through the digital platform PayPal. Auto, property and general liability claims can...

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Previse Bolsters Reverse Factoring Underwriting With Beat
Previse Bolsters Reverse Factoring Underwriting With Beat
July 26, 2019  |  Partnerships / Acquisitions

Lloyd’s syndicate Beat Syndicate 4242 is collaborating with trade finance solution provider Previse to underwrite those invoices financed by third parties so suppliers can get...

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