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’s ‘Tech Obsession’ Sees AI Handling 30% of Interactions
Lemonade’s ‘Tech Obsession’ Sees AI Handling 30% of Interactions
July 31, 2024  |  Earnings

Digital insurance provider Lemonade is continuing to incorporate artificial intelligence (AI) into its business. “Investors and analysts often ask about the practical impact of our investments in...

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New Data: Insurance Industry Adopts Instant Payments Amid Rising Consumer Demand
New Data: Insurance Industry Adopts Instant Payments Amid Rising Consumer Demand
July 25, 2024  |  Money Mobility

Receiving insurance disbursements in a timely fashion can be crucial. This is especially true if the expense was unexpected and for a sizeable amount. That...

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Microsoft Outage Could Produce ‘Insurance Catastrophe’
Microsoft Outage Could Produce ‘Insurance Catastrophe’
July 19, 2024  |  Business

Insurers reportedly could be facing hundreds or thousands of business interruption claims resulting from the Microsoft outage that began late Thursday (July 18). Economic damages from the...

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They Said That: Notable Quotables From the Week of July 14
They Said That: Notable Quotables From the Week of July 14
July 19, 2024  |  Connected Economy

This week featured insights from JOOR CEO Kristin Savilia on the necessity of experiential retail for luxury brands, discussions with One Inc CEO Ian Drysdale...

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Simply Business Expands Workers’ Compensation Offering With Employers Partnership
Simply Business Expands Workers’ Compensation Offering With Employers Partnership
July 17, 2024  |  Insurance

Simply Business has expanded its workers’ compensation insurance offering for small businesses by partnering with workers’ compensation provider Employers. With this expansion of its offering,...

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Insurance Industry $500 Billion Digital Shift Driven by Gen Z Expectations
Insurance Industry $500 Billion Digital Shift Driven by Gen Z Expectations
July 17, 2024  |  Digital Payments

As the second half of 2024 unfolds, the insurance sector finds itself in the midst of a profound shift. How profound? According to at least...

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AI Gets Positive Prognosis for Health Insurance Industry
AI Gets Positive Prognosis for Health Insurance Industry
July 15, 2024  |  artificial intelligence

Artificial intelligence (AI) is set to change the health insurance industry, potentially slashing costs and boosting revenues for payers grappling with economic pressures. As insurers...

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NYDFS Issues Guidance for Insurance Companies’ Use of AI
NYDFS Issues Guidance for Insurance Companies’ Use of AI
July 11, 2024  |  Insurance

Insurers’ use of artificial intelligence (AI) must not discriminate against consumers, New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris said Thursday...

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AutoRek and J.P. Morgan Payments Partner on Insurance Company Receivables
AutoRek and J.P. Morgan Payments Partner on Insurance Company Receivables
July 07, 2024  |  B2B Payments

InsurTech firm AutoRek has partnered with J.P. Morgan Payments to help insurance companies overcome data challenges with a more connected, streamlined infrastructure. With these capabilities, insurance companies can...

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