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.

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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Oscar Health Aims to More Than Double Membership by 2027
Oscar Health Aims to More Than Double Membership by 2027
June 07, 2024  |  Healthcare

Oscar Health reportedly aims to expand its presence in the employer market by providing more affordable health plans for small- and medium-sized businesses (SMBs). Using...

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FinTech IPO Index Ticks Down as Earnings Season Wraps Up
FinTech IPO Index Ticks Down as Earnings Season Wraps Up
June 07, 2024  |  Fintech Investments

The first week of June brought scant movement for the FinTech IPO Index overall, as the group moved 0.6% lower, and earnings continued to trickle...

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New Report: Younger Consumers Could Make Buying Insurance From a Financial Institution Cool
New Report: Younger Consumers Could Make Buying Insurance From a Financial Institution Cool
June 06, 2024  |  Insurance

Most consumers get their insurance from various providers, but data shows that consumers want to simplify the process. PYMNTS Intelligence finds that 44% of all...

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FDIC Notes More ‘Problem’ Banks; Sparks Debate Over Deposit Insurance
FDIC Notes More ‘Problem’ Banks; Sparks Debate Over Deposit Insurance
June 03, 2024  |  Banking

The Federal Deposit Insurance Corp.’s (FDIC) first-quarter assessment on the banking industry takes note of several trends: Declining loan demand, delinquencies that were higher than...

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FintechOS Raises $60 Million to Expand Financial Product Management Platform
FintechOS Raises $60 Million to Expand Financial Product Management Platform
May 31, 2024  |  Investments

FintechOS has raised $60 million in a Series B+ investment round to accelerate the global expansion of its financial product management platform. The company’s platform...

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Insurance Provider Apollo Forms Subsidiary to Offer BNPL in Canada
Insurance Provider Apollo Forms Subsidiary to Offer BNPL in Canada
May 27, 2024  |  Investments

Canadian digital insurance provider Apollo has raised $18.5 million Canadian dollars (about $13.6 million) to launch a wholly owned subsidiary that will allow Canadians to...

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Vitesse Raises $93 Million to Expand Platform for Insurance Industry
Vitesse Raises $93 Million to Expand Platform for Insurance Industry
May 21, 2024  |  Insurance

Vitesse has completed a $93 million Series C funding round aimed at growing its treasury and payment solutions for the insurance industry. The company will use...

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Cover Genius Raises $80 Million to Grow Embedded Protection Offering
Cover Genius Raises $80 Million to Grow Embedded Protection Offering
May 15, 2024  |  Investments

InsurTech Cover Genius has raised $80 million in Series E funding to grow its embedded protection offering. The company will use the fresh capital to...

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