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.

Consumers Would Pay a Fee for Faster Insurance Payouts
Consumers Would Pay a Fee for Faster Insurance Payouts
April 14, 2023  |  Disbursements

Consumers’ need for speed when it comes to insurance payouts may be at odds with common practices in the sector.  When consumers are owed money,...

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ePayPolicy Debuts Payables Reconciliation Automation Tool for Insurance Industry
ePayPolicy Debuts Payables Reconciliation Automation Tool for Insurance Industry
April 05, 2023  |  Insurance

ePayPolicy has added a payables reconciliation automation tool to its insurance payment and reconciliation products suite. The new Payables Connect leverages the company’s existing integrations and machine...

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81% of Healthcare and 67% of Insurance Firms Use ePayables
81% of Healthcare and 67% of Insurance Firms Use ePayables
March 28, 2023  |  Digital Payments

Digital innovation is coming to corners of the economy that need it but haven’t necessarily taken those steps yet. That fact is creating a new...

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Provider Ranking of Insurance Apps Shakes It Up With New Names and Numbers
Provider Ranking of Insurance Apps Shakes It Up With New Names and Numbers
March 17, 2023  |  Insurance

Keep those policies current. That’s all we have to say. Except for everything we’re about to say. Welcome to PYMNTS Provider Ranking of Insurance Apps. We’re...

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Insurance Carriers Use Digital Payments and AI to Shorten End-to-End Claims Process
Insurance Carriers Use Digital Payments and AI to Shorten End-to-End Claims Process
March 16, 2023  |  Artificial Intelligence

Like many industries, insurers are also being rocked by macro pressures. “What we’re seeing are resource challenges and supply chain issues across the insurance industry,”...

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InsurTech Cover Genius Buys Clyde to Move Into Midsized eCommerce
InsurTech Cover Genius Buys Clyde to Move Into Midsized eCommerce
March 15, 2023  |  Insurance

Cover Genius has purchased the warranty provider Clyde to deepen into midsized eCommerce market share. The InsurTech announced the acquisition Wednesday (March 15), saying it...

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FinTech IPO Index Extends Earnings-Led Downdraft as Marqeta Sheds 24%  
FinTech IPO Index Extends Earnings-Led Downdraft as Marqeta Sheds 24%  
March 03, 2023  |  Fintech Investments

Investors were in a “shoot first, ask questions later” frame of mind this past week. As for the FinTech IPO Index, earnings reports helped send...

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Lack of Instant Insurance Claims Payout Options Risks Customer Loyalty
Lack of Instant Insurance Claims Payout Options Risks Customer Loyalty
March 02, 2023  |  Insurance

Giving customers less payout options is an odd loyalty play for the insurance sector, yet that is the industry-wide strategy currently in play, as noted...

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Vindicia Says Failed Payments Threaten Healthcare and Insurance Customer Experience
Vindicia Says Failed Payments Threaten Healthcare and Insurance Customer Experience
March 01, 2023  |  Opinion

The problem of failed transactions has yet to be fully addressed in industries such as healthcare, insurance and utilities, Vindicia Chief Strategy Officer Trace Galloway...

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