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.
Lemonade Looks to Partnerships and Generative AI to Close Cash Flow Gap
Lemonade Looks to Partnerships and Generative AI to Close Cash Flow Gap
August 03, 2023  |  Earnings

Artificial intelligence (AI)-driven insurance company Lemonade has announced second-quarter 2023 earnings results, driven by a growing top line, oversubscribed reinsurance and acceleration in rate approvals....

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Codoxo Introduces AI Tool to Automate Healthcare Claim Audits
Codoxo Introduces AI Tool to Automate Healthcare Claim Audits
July 31, 2023  |  Artificial Intelligence

Health-focused artificial intelligence (AI) company Codoxo has debuted a new tool to automate claim audits. In releasing its ClaimPilot product, the company can address the “most dire need” facing...

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Unlocking Healthcare’s New Digital Age Involves More Streamlined Patient Refunds Processes
Unlocking Healthcare’s New Digital Age Involves More Streamlined Patient Refunds Processes
July 28, 2023  |  Healthcare

Healthy money movement is essential to the healthcare industry. The knock-on effects of quick and seamless transactions move beyond the payment occasion to encompass the...

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Automobile Claims Process Gets Digital Makeover With Cues From Amazon and Domino’s
Automobile Claims Process Gets Digital Makeover With Cues From Amazon and Domino’s
July 13, 2023  |  Insurance

The auto claims process is changing as manual steps and paper-based interactions are shifting to mobile and digital channels. CCC Intelligent Solutions Vice President Kelli Svymbersky and The Hanover...

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Papara Becomes Turkey’s First FinTech Unicorn With Beka Finance Deal
Papara Becomes Turkey’s First FinTech Unicorn With Beka Finance Deal
July 12, 2023  |  Digital Payments

Papara has become Turkey’s first FinTech unicorn company. The achievement — reaching a valuation over $1 billion — follows a major deal with Spain’s Beka...

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Biden Administration Proposes Rules Targeting ‘Junk Fees’ in Health Insurance
Biden Administration Proposes Rules Targeting ‘Junk Fees’ in Health Insurance
July 07, 2023  |  Regulation

The President Joe Biden administration has proposed restrictions on “junk insurance” plans that don’t meet the standards of the Affordable Care Act. These short-term plans have taken advantage...

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‘Intelligent Automation’ Helps Insurers Streamline Auto Claims Payouts
‘Intelligent Automation’ Helps Insurers Streamline Auto Claims Payouts
July 07, 2023  |  Disbursements

In the auto claims industry, the payments tech stack is complex, and the total cost of ownership is expensive. As Michael Boeke, vice president of payments...

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Report: JPMorgan Chase Files Insurance Claim on Frank Acquisition
Report: JPMorgan Chase Files Insurance Claim on Frank Acquisition
June 21, 2023  |  Acquisitions

J.P. Morgan Chase reportedly aims to collect on an insurance policy after its acquisition of college aid platform Frank. The bank and Frank founder Charlie Javice...

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Banking Crisis Saps FDIC Insurance Fund
Banking Crisis Saps FDIC Insurance Fund
June 01, 2023  |  Banking

The recent banking crisis has strained the U.S. government’s deposit insurance fund. That’s according to data released by the Federal Deposit Insurance Corp. (FDIC) Wednesday...

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