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.

Bottomline Makes Legal Bill Review Service Available for More Platforms
Bottomline Makes Legal Bill Review Service Available for More Platforms
March 19, 2024  |  B2B Payments

Bottomline expanded the availability of its legal bill review service for property and casualty (P&C) insurance carriers and corporate legal organizations. The service is now available to organizations...

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Nordic Capital to Invest in Insurance Payment Platform One Inc
Nordic Capital to Invest in Insurance Payment Platform One Inc
March 14, 2024  |  Investments

Nordic Capital is making a strategic investment in One Inc, a digital payments platform for the North American insurance industry. Nordic Capital will join Great...

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Virtual Cards Streamline Healthcare Claims as Insurers’ Digital Transformation Gains Momentum
Virtual Cards Streamline Healthcare Claims as Insurers’ Digital Transformation Gains Momentum
March 11, 2024  |  Insurance

Insurance claims have long been associated with paperwork, delays and frustrations. Whether it’s for auto accidents or healthcare needs, the process has often been cumbersome...

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Silicon Valley Bank’s Downfall: Lessons Learned and Unanswered Questions
Silicon Valley Bank’s Downfall: Lessons Learned and Unanswered Questions
March 11, 2024  |  Banking

It’s said that those who don’t learn from history are doomed to repeat it. The spectacular flameout of Silicon Valley Bank (and other banks subsequently), happened March...

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Porch Group Earnings Show Resilience for InsurTech Category
Porch Group Earnings Show Resilience for InsurTech Category
March 07, 2024  |  Insurance

InsureTech companies are showing financial resiliency. After a February that featured 40 funding deals in the category, Porch Group, a leader in the homeowners insurance...

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Lemonade Chief Pushes Back Against Insurance Firm’s Doomsayers
Lemonade Chief Pushes Back Against Insurance Firm’s Doomsayers
March 03, 2024  |  Insurance

Digital insurance firm Lemonade says predictions of its demise have been greatly exaggerated. The company’s stock has fallen more than 70% since it went public in 2020,...

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AI Moves From GPS to Copilot for the Insurance Industry
AI Moves From GPS to Copilot for the Insurance Industry
February 29, 2024  |  Artificial Intelligence

In many ways, the insurance industry helped hone the algorithms behind artificial intelligence technology. From actuarial science, Bayesian statistics and generalized linear models, to cloud...

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Coverdash Raises $13.5 Million to Expand Embedded Insurance Offering
Coverdash Raises $13.5 Million to Expand Embedded Insurance Offering
February 28, 2024  |  Investments

Coverdash has raised $13.5 million in Series A funding to expand its embedded insurance offering. The company will use the new funding to expand its...

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Lemonade Says AI Improved Insurance Loss Ratio
Lemonade Says AI Improved Insurance Loss Ratio
February 28, 2024  |  Artificial Intelligence

Digital insurance platform Lemonade said artificial intelligence helped it improve its loss ratio. The figure, the ratio of losses to premiums earned, improved by 12...

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