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.
77% of Real Estate Companies Plan to Adopt Real-Time B2B Payments
77% of Real Estate Companies Plan to Adopt Real-Time B2B Payments
October 12, 2023  |  Real-Time Payments

Real-time payments are becoming a major player across industries. Large retail, manufacturing and insurance firms recognize the significance of real-time payments for business-to-business (B2B) operations....

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82% of Small Insurance Firms Forgo Instant Payments
82% of Small Insurance Firms Forgo Instant Payments
October 05, 2023  |  Real-Time Payments

The insurance industry is witnessing a surge in the adoption of real-time payments, with nearly 40% of all firms surveyed in a PYMNTS study planning...

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INSHUR Expands Partnership With Uber to Scale On-Demand Insurance
INSHUR Expands Partnership With Uber to Scale On-Demand Insurance
September 29, 2023  |  Partnerships

INSHUR, an on-demand insurance platform, has expanded its strategic partnership with Uber as it launches insurance products for on-demand livery drivers in Arizona. This move follows...

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Google and CCC Partner to Speed Online Car Repair Appointments
Google and CCC Partner to Speed Online Car Repair Appointments
September 28, 2023  |  Partnerships

Google and insurance industry cloud platform CCC teamed up to streamline online car repair appointments. The partnership is open to repair shops that use CCC’s...

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Progressive and State Farm Reach No. 1 in PYMNTS’ Provider Ranking of Insurance Apps
Progressive and State Farm Reach No. 1 in PYMNTS’ Provider Ranking of Insurance Apps
September 25, 2023  |  Insurance

There are ties at the top and bottom of this edition of PYMNTS Provider Ranking of Insurance Apps. State Farm climbs to the top this...

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InsurTech Downturn Proves Promise of Disruption Is Sometimes Derailed
InsurTech Downturn Proves Promise of Disruption Is Sometimes Derailed
September 15, 2023  |  Insurance

FinTech platforms promise to disrupt entire verticals, bringing ease and speed to sectors that have traditionally been marked by complexity and paper-based interactions. And yet...

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Insurance Claims Optimization Company CLARA Analytics Raises $24 Million
Insurance Claims Optimization Company CLARA Analytics Raises $24 Million
September 07, 2023  |  Investments

CLARA Analytics, a provider of artificial intelligence (AI) technology for insurance claims optimization, has completed a $24 million Series C funding round, bringing its total...

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Natural Disasters Highlight Insurers’ Need For Faster Payments
Natural Disasters Highlight Insurers’ Need For Faster Payments
September 06, 2023  |  Disbursements

Real-time payment ability may take on new importance amid a growing need for instant disbursments.  Property insurance has made many headlines in the past few...

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BIS Finds Risks and Rewards in Insurance Industry as Big Tech Makes Digital Inroads
BIS Finds Risks and Rewards in Insurance Industry as Big Tech Makes Digital Inroads
September 06, 2023  |  Insurance

Big Tech and big data have the opportunity to remake entire industries. The Bank for International Settlements (BIS) noted in its Aug. 31 paper, “From Clicks to...

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