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 and vertical software platform sector, reported a solid Q4. As announced after the bell on Thursday, March 7, Porch surpassed...
Digital insurance firm Lemonade says predictions of its demise have been greatly exaggerated. The company’s stock has fallen more than 70% since it went public in 2020, and saw its shares fall again last week. But CEO and Co-Founder Daniel Schreiber told the Financial Times (FT) Sunday...
Michael Boeke, VP of Payment Product Management Enterprise at CCC Intelligent Solutions, told PYMNTS that the trillion-dollar property and casualty economy needs to continue its digital overhaul. An accident, he said, represents “an event that is often a major disruption to someone’s life.” The claims...
As the winter season is upon us, accidents happen! This is the best time to get everything in order and that includes insurance. PYMNTS is here to provide you with the top insurance apps to pick from, putting you in the driver’s seat with the...
“Insurance is a personal and custom purchase,” Melissa Hurd, vice president and general manager of the National Client Group, Everyday Spend at American Express, told PYMNTS. “It’s reflective of an individual’s lifestyle.” For younger generations, the desire is there for transparency, trust and information, Hurd said in...
Progressive and State Farm tied for No. 1 in last month’s edition of PYMNTS Provider Ranking of Insurance apps, but Progressive stands alone in the top spot this month. Also this month, Allstate Mobile, USAA Mobile and Safeco Mobile lost position. Here are the apps...
One Inc, a digital payments network serving the insurance sector, has partnered with J.P. Morgan Payments to further digitize and enhance property and casualty (P&C) insurance claims payments. The collaboration aims to simplify the claims experience for customers by leveraging J.P. Morgan’s liquidity and payments...
Intuit has partnered with Allstate Health Solutions to provide expanded insurance options for small businesses using QuickBooks Online Payroll. The collaboration between QuickBooks and Allstate Health Solutions reflects QuickBooks’ vision to offer businesses and their employees a comprehensive human capital management platform, the global technology...
Digital insurance company Lemonade says its platform now has 2 million customers. The company announced that milestone in a news release Wednesday (Nov. 8) as it reported its quarterly earnings, noting that the pace to reach its second million customers was 35% faster than the first million in...
