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.
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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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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