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.

Rakuten Could Combine Bank and FinTech Operations
Rakuten Could Combine Bank and FinTech Operations
April 01, 2024  |  Banking

Japanese conglomerate Rakuten is considering merging its financial operations into one unit. The plan, announced Monday (April 1), would consolidate the company’s bank, insurance, securities,...

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PayPal Ventures Backs $47 Million Fundraise for InsurTech Qoala
PayPal Ventures Backs $47 Million Fundraise for InsurTech Qoala
March 27, 2024  |  Investments

InsurTech Qoala has raised $47 million in a funding round led by PayPal Ventures and MassMutual Ventures.  The Series C round, announced Wednesday (March 27), will let the Malaysia-based Qoala expand its...

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GM Ends OnStar Data Sharing Following Public Protest
GM Ends OnStar Data Sharing Following Public Protest
March 24, 2024  |  Data

Consumer outcry has led General Motors to cease sharing connected car data with brokers. “As of March 20th, OnStar Smart Driver customer data is no...

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Privacy Vs. Convenience: Connected Car Data Sharing Draws Debate 
Privacy Vs. Convenience: Connected Car Data Sharing Draws Debate 
March 19, 2024  |  Transportation

Findings from a recent New York Times report have brought to light a concerning reality for drivers: their every trip detail, from speeding to sudden braking, is meticulously...

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Bottomline Makes Legal Bill Review Service Available for More Platforms
Bottomline Makes Legal Bill Review Service Available for More Platforms
March 19, 2024  |  B2B Payments

Bottomline expanded the availability of its legal bill review service for property and casualty (P&C) insurance carriers and corporate legal organizations. The service is now available to organizations...

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Nordic Capital to Invest in Insurance Payment Platform One Inc
Nordic Capital to Invest in Insurance Payment Platform One Inc
March 14, 2024  |  Investments

Nordic Capital is making a strategic investment in One Inc, a digital payments platform for the North American insurance industry. Nordic Capital will join Great...

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Virtual Cards Streamline Healthcare Claims as Insurers’ Digital Transformation Gains Momentum
Virtual Cards Streamline Healthcare Claims as Insurers’ Digital Transformation Gains Momentum
March 11, 2024  |  Insurance

Insurance claims have long been associated with paperwork, delays and frustrations. Whether it’s for auto accidents or healthcare needs, the process has often been cumbersome...

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Silicon Valley Bank’s Downfall: Lessons Learned and Unanswered Questions
Silicon Valley Bank’s Downfall: Lessons Learned and Unanswered Questions
March 11, 2024  |  Banking

It’s said that those who don’t learn from history are doomed to repeat it. The spectacular flameout of Silicon Valley Bank (and other banks subsequently), happened March...

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Porch Group Earnings Show Resilience for InsurTech Category
Porch Group Earnings Show Resilience for InsurTech Category
March 07, 2024  |  Insurance

InsureTech companies are showing financial resiliency. After a February that featured 40 funding deals in the category, Porch Group, a leader in the homeowners insurance...

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