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.

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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Cyber Insurance Premiums Fall Despite Ransomware Wave
Cyber Insurance Premiums Fall Despite Ransomware Wave
July 01, 2024  |  Cybersecurity

Despite a recent wave of ransomware attacks, cyber insurance premiums are declining around the globe. That’s because businesses have gotten better at dealing with losses...

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Why More Banks Say Yes to Insurance as a Consumer Product
Why More Banks Say Yes to Insurance as a Consumer Product
June 28, 2024  |  Insurance

As consumers increasingly look to their financial institutions for insurance products, banks have an opportunity to meet this growing demand. A recent report from PYMNTS...

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One Inc Partners With Zurich to Digitize Claims and Payouts
One Inc Partners With Zurich to Digitize Claims and Payouts
June 26, 2024  |  Disbursements

One Inc has teamed with insurer Zurich North America to help digitize claim payments. The insurance industry payments network announced Wednesday (June 26) that Zurich...

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Buy Insurance Through Banks? Gen Z Says Yes
Buy Insurance Through Banks? Gen Z Says Yes
June 17, 2024  |  Consumer Insights

Forty-four percent of U.S. consumers are interested in purchasing insurance products directly through their financial institutions (FIs), and this interest is especially strong among younger...

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