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.

Beyond Traditional Banking: Insurance Emerges as Key to Diversifying Revenue
Beyond Traditional Banking: Insurance Emerges as Key to Diversifying Revenue
September 26, 2024  |  Insurance

Banks face a digital shift, pressures on deposits and competition for customer loyalty, so they must constantly fine-tune their operations, embracing new revenue streams and...

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FCA Head Nikhil Rathi Says AI Has Benefits and Risks for Financial Inclusion
FCA Head Nikhil Rathi Says AI Has Benefits and Risks for Financial Inclusion
September 19, 2024  |  Artificial Intelligence

The hyper-personalization of insurance enabled by artificial intelligence could benefit some customers but render others “uninsurable,” Nikhil Rathi, CEO of the United Kingdom’s Financial Conduct...

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Insurance Needs to Be as Digital as the Millennials and Gen Zs It Wants as Customers
Insurance Needs to Be as Digital as the Millennials and Gen Zs It Wants as...
September 17, 2024  |  Insurance

In an era where digital transformation is reshaping industries across the board, the insurance sector is no exception. One of the companies with a stake...

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Could Generational Change Be The Next Wild Card For Financial Services?
Could Generational Change Be The Next Wild Card For Financial Services?
September 11, 2024  |  Opinion

Cultivating a culture of adaptability positions firms to thrive despite economic wild cards, Franklin Madison Chief Financial Officer Preston Porter writes in a new PYMNTS...

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Rise In Huge Settlements Helps Insurance Industry Ditch Paper for Digital
Rise In Huge Settlements Helps Insurance Industry Ditch Paper for Digital
September 11, 2024  |  Insurance

Where there’s smoke, there’s usually fire. And across the business landscape, where there’s paper, there tends to be countless inefficiencies, higher costs — and even...

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French Startup Neat Raises $55 Million for Embedded Insurance Offering
French Startup Neat Raises $55 Million for Embedded Insurance Offering
September 10, 2024  |  Investments

French embedded insurance startup Neat has raised 50 million euros (about $55 million). This total includes about 60% in equity and 40% in debt, TechCrunch reported...

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Onfleet and Fairmatic Team on Reduced Fleet Insurance Rates
Onfleet and Fairmatic Team on Reduced Fleet Insurance Rates
September 04, 2024  |  Delivery

Last-mile delivery management firm Onfleet has integrated with fleet insurance firm Fairmatic. “Businesses that take advantage of the integration will develop a better understanding of...

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The Farm to Finance Revolution: How AI Is Transforming Agriculture
The Farm to Finance Revolution: How AI Is Transforming Agriculture
August 28, 2024  |  Artificial Intelligence

Technology has long had a profound impact on farming practices. With the advent of artificial intelligence, the growing intersection of AgTech, finance and robotics is...

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Can Banks Crack the Insurance Code? Customers Are Ready
Can Banks Crack the Insurance Code? Customers Are Ready
August 27, 2024  |  Insurance

PYMNTS Intelligence’s data makes it clear enthusiasm for financial institutions (FIs) as insurance providers is growing. In fact, three-quarters of consumers who have already purchased...

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