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.

More Consumers Chose Instant Payout Options for Insurance Disbursements in 2022
More Consumers Chose Instant Payout Options for Insurance Disbursements in 2022
May 31, 2023  |  Disbursements

While 2022 was something of a banner year in that $1.37 trillion in insurance claim payouts were sent, and $277 billion — or 20% —...

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Gainbridge to Launch B2B Insurance-as-a-Service Platform for FinTechs
Gainbridge to Launch B2B Insurance-as-a-Service Platform for FinTechs
May 26, 2023  |  Insurance

Gainbridge Insurance Agency will launch a B2B insurance-as-a-service platform for FinTechs later this year. The platform will offer turnkey savings and retirement solutions for FinTechs’...

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Teradata and FICO Partner to Develop AI-Powered Decision Management Solutions
Teradata and FICO Partner to Develop AI-Powered Decision Management Solutions
May 18, 2023  |  Partnerships

Teradata and FICO have partnered to develop artificial intelligence (AI)-powered decision management solutions. The first solutions created by this partnership will focus on real-time payments...

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Berlin-Based InsurTech wefox Raises $110 Million to Build International Business
Berlin-Based InsurTech wefox Raises $110 Million to Build International Business
May 17, 2023  |  Insurance

Berlin-based InsurTech wefox has raised $110 million to further strengthen its insurance and distribution business. That total includes $55 million in a revolving credit facility from J.P....

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Obie Raises $26 Million for Real Estate-Focused Embedded Insurance Solutions
Obie Raises $26 Million for Real Estate-Focused Embedded Insurance Solutions
May 17, 2023  |  Insurance

Obie has raised $26 million in Series B funding to expand its embedded insurance offering for real estate investors. The firm will use the new funding...

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CCC and Verisk Team to Tackle Auto Insurance Fraud
CCC and Verisk Team to Tackle Auto Insurance Fraud
May 09, 2023  |  Fraud Prevention

CCC Intelligent Solutions and Verisk have partnered to combat a $308 billion problem: insurance fraud. The companies announced their partnership Tuesday (May 9), saying it...

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TempusDirect and CCC Intelligent Solutions Integrate Third-Party Casualty Solutions
TempusDirect and CCC Intelligent Solutions Integrate Third-Party Casualty Solutions
May 04, 2023  |  Insurance

TempusDirect and CCC Intelligent Solutions are now working together on third-party casualty solutions. With TempusDirect’s repricing services integrated into CCC’s cloud platform for the property...

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Lemonade Expects Generative AI to Improve Business Processes and Profits
Lemonade Expects Generative AI to Improve Business Processes and Profits
May 03, 2023  |  Artificial Intelligence

Insurance company Lemonade expects generative AI to automate and improve 100 of its business processes. Lemonade — which says artificial intelligence (AI) is the foundation...

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26% of Consumers Want All Disbursements to be Instant
26% of Consumers Want All Disbursements to be Instant
April 28, 2023  |  Disbursements

We’ve all gotten used to speed, to getting what we want on demand, through digital channels. In research done in collaboration between PYMNTS and Ingo...

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