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.

One Inc and JPMorgan Team to Bolster Insurance Claims Payments
One Inc and JPMorgan Team to Bolster Insurance Claims Payments
October 15, 2024  |  Insurance

Insurance industry payments network One Inc has launched a collaboration with J.P. Morgan Payments. The new partnership integrates J.P. Morgan Payments’ capabilities with One Inc’s PremiumPay and ClaimsPay solutions, giving...

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Synchrony Launches Flexible Financial Solution for Pet Care
Synchrony Launches Flexible Financial Solution for Pet Care
October 09, 2024  |  Insurance

Consumer financing company Synchrony has begun rolling out a reimbursement process designed to provide an easy and flexible financial solution for pet care. This solution...

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Can CVS Health’s Strategic Overhaul Revitalize Its Market Position?
Can CVS Health’s Strategic Overhaul Revitalize Its Market Position?
October 02, 2024  |  Retail

In the high-stakes world of healthcare retail, CVS Health finds itself at a crossroads, navigating turbulent waters amid investor pressures and a stock price that...

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CFPB Targets Double Billing in Medical Debt Collection
CFPB Targets Double Billing in Medical Debt Collection
October 01, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) is targeting illegal practices among medical debt collectors. The practices include “double-dipping” to get paid for services covered by...

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FCA Wary of AI in Insurance; Harmonic Aims for Mathematical Breakthrough
FCA Wary of AI in Insurance; Harmonic Aims for Mathematical Breakthrough
September 26, 2024  |  Artificial Intelligence

Artificial intelligence is transforming the financial sector, with regulators highlighting potential “uninsurable” risks while innovative applications emerge in small business money management and mathematical problem-solving....

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Beyond Traditional Banking: Insurance Emerges as Key to Diversifying Revenue
Beyond Traditional Banking: Insurance Emerges as Key to Diversifying Revenue
September 26, 2024  |  Insurance

Banks face a digital shift, pressures on deposits and competition for customer loyalty, so they must constantly fine-tune their operations, embracing new revenue streams and...

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FCA Head Nikhil Rathi Says AI Has Benefits and Risks for Financial Inclusion
FCA Head Nikhil Rathi Says AI Has Benefits and Risks for Financial Inclusion
September 19, 2024  |  Artificial Intelligence

The hyper-personalization of insurance enabled by artificial intelligence could benefit some customers but render others “uninsurable,” Nikhil Rathi, CEO of the United Kingdom’s Financial Conduct...

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Insurance Needs to Be as Digital as the Millennials and Gen Zs It Wants as Customers
Insurance Needs to Be as Digital as the Millennials and Gen Zs It Wants as...
September 17, 2024  |  Insurance

In an era where digital transformation is reshaping industries across the board, the insurance sector is no exception. One of the companies with a stake...

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Could Generational Change Be The Next Wild Card For Financial Services?
Could Generational Change Be The Next Wild Card For Financial Services?
September 11, 2024  |  Opinion

Cultivating a culture of adaptability positions firms to thrive despite economic wild cards, Franklin Madison Chief Financial Officer Preston Porter writes in a new PYMNTS...

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