Insurance firms face a conundrum when digitalizing operations, as they accept and disburse payments that have multiple points of contact. Are they going to be tech experts, and take the bulk of infrastructure and security challenges in-house? Do they buy other firms that have the...
One Inc, a digital payments network for the insurance industry, announced Tuesday (June 3) the launch of its advanced 835 Electronic Remittance Advice (ERA) solution. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Artificial intelligence is increasingly being used by insurers, rental car companies, vehicle auction houses and others to more accurately assess vehicle damage, automate claims processing and avoid disputes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
At its core, the insurance industry has a business model that’s been around for decades, at least on the service side of the equation. Essentially there are two sides of the market, as thousands of independent agents are on one side, and carriers are on...
The groundwork is being laid for the movement of the insurance industry fully into the digital age. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
The digital transformation of the insurance industry is a work in progress. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
InsurTech startup 1Fort has raised $7.5 million in a funding round to enhance the artificial intelligence (AI) capabilities of its platform for business insurance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Insurance is one of the most complex industries, marked by multiple touch points among several stakeholders — from carriers to customers, claims adjusters to contractors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The commercial insurance industry, an economic linchpin valued in the hundreds of billions, has long been bogged down by antiquated, paper-based processes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
