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.

CaixaBank Buys Bankia Insurance From Mapfre
CaixaBank Buys Bankia Insurance From Mapfre
December 29, 2021  |  Insurance

Spanish insurance firm Mapfre has sold Bankia’s insurance platform to CaixaBank for 571 million euros ($645 million), although the sides noted that an ongoing arbitration...

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Edelweiss General Insurance, PhonePe Partner on Digital Motor Insurance 
Edelweiss General Insurance, PhonePe Partner on Digital Motor Insurance 
December 22, 2021  |  Partnerships

Indian InsurTech Edelweiss General Insurance (EGI) recently partnered with digital payments platform PhonePe to offer digital motor insurance products.  Get the Full Story Complete the...

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Midwest Tornadoes Could Cost $5B in Insurance Payouts 
Midwest Tornadoes Could Cost $5B in Insurance Payouts 
December 17, 2021  |  Disbursements

Insurance companies could make payouts of up to $5 billion from last week’s deadly tornadoes in the Midwest.  Get the Full Story Complete the form...

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Embedded Insurance Streamlines Auto Refinancing Experience for Consumers
Embedded Insurance Streamlines Auto Refinancing Experience for Consumers
December 16, 2021  |  Insurance

In the markets for new and used cars, costs are up and discounts are down. On the recent Black Friday, discounts were at record lows....

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InsurTech Startup Trellis to Team With FinTechs on Auto Insurance
InsurTech Startup Trellis to Team With FinTechs on Auto Insurance
December 14, 2021  |  Insurance

Insurance tech firm Trellis will offer financial technology companies a new way for users to compare and purchase auto insurance, according to a Tuesday (Dec....

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BOXX Insurance Teams With Equifax for Identity Theft Protection
BOXX Insurance Teams With Equifax for Identity Theft Protection
December 07, 2021  |  Safety and Security

Cyber insurer BOXX Insurance is teaming up with Equifax to offer $1 million in identity theft protection coverage as holiday shopping gears up for record...

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Car Apps Add Vehicle Financing to Acquire, Retain Customers
Car Apps Add Vehicle Financing to Acquire, Retain Customers
December 06, 2021  |  Consumer Payments

It’s been a turbulent 18 months for car owners. Since March 2020, there have been huge swings in the number of miles driven, rapid inflation...

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Top Competitors Hold Their Spots in Monthly Provider Ranking of Insurance Apps 
Top Competitors Hold Their Spots in Monthly Provider Ranking of Insurance Apps 
November 29, 2021  |  Insurance

Insurance providers are all about managing risk. In this month’s edition of the PYMNTS Provider Rankings of Insurance Apps, the leaders are managing risk by sitting right where they...

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Insurtech Firm Lemonade Acquires Metromile, Pet Business ‘Outperforms Expectations’ in Q3
Insurtech Firm Lemonade Acquires Metromile, Pet Business ‘Outperforms Expectations’ in Q3
November 09, 2021  |  Insurance

After the recent launch of Lemonade car insurance, AI-powered insurance company Lemonade has announced its first-ever acquisition, purchasing the online insurance platform and pay-per-mile vehicle...

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