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.
Cyber Insurers Escape Impact of CrowdStrike Outage
Cyber Insurers Escape Impact of CrowdStrike Outage
August 13, 2024  |  Insurance

Last month’s worldwide tech outage disrupted organizations from airlines to banks to hospitals. However, one sector that seems to have escaped the impact of the...

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Personalized Digital Campaigns Drew 600,000 Members to Oscar Health
Personalized Digital Campaigns Drew 600,000 Members to Oscar Health
August 07, 2024  |  Earnings

The U.S. healthcare system is a thorny, complex and at times highly inefficient ecosystem. Against this backdrop, new disruptive healthcare technologies and platforms are stepping...

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Competitive Data Builds Competitive Moats for InsurTech Porch
Competitive Data Builds Competitive Moats for InsurTech Porch
August 06, 2024  |  Insurance

The insurance industry, long perceived as a slow-moving behemoth, is experiencing a seismic shift thanks to the emergence of InsurTech companies. These tech-driven firms are...

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One Inc Appoints Flywire Veteran Michael Ellis as CFO
One Inc Appoints Flywire Veteran Michael Ellis as CFO
August 06, 2024  |  CFO

One Inc has named former Flywire Chief Financial Officer (CFO) Michael Ellis as its new CFO. Ellis will oversee the financial activities of the digital payments network...

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One Inc CEO Says Insurance Market Is Ripe for Embedded Payments
One Inc CEO Says Insurance Market Is Ripe for Embedded Payments
August 05, 2024  |  Insurance

In the connected economy, there are simple business models (think subscriptions), complex business models (think platforms like Uber), and then there’s insurance. The insurance sector...

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Lemonade’s ‘Tech Obsession’ Sees AI Handling 30% of Interactions
Lemonade’s ‘Tech Obsession’ Sees AI Handling 30% of Interactions
July 31, 2024  |  Earnings

Digital insurance provider Lemonade is continuing to incorporate artificial intelligence (AI) into its business. “Investors and analysts often ask about the practical impact of our investments in...

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New Data: Insurance Industry Adopts Instant Payments Amid Rising Consumer Demand
New Data: Insurance Industry Adopts Instant Payments Amid Rising Consumer Demand
July 25, 2024  |  Money Mobility

Receiving insurance disbursements in a timely fashion can be crucial. This is especially true if the expense was unexpected and for a sizeable amount. That...

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Microsoft Outage Could Produce ‘Insurance Catastrophe’
Microsoft Outage Could Produce ‘Insurance Catastrophe’
July 19, 2024  |  Business

Insurers reportedly could be facing hundreds or thousands of business interruption claims resulting from the Microsoft outage that began late Thursday (July 18). Economic damages from the...

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They Said That: Notable Quotables From the Week of July 14
They Said That: Notable Quotables From the Week of July 14
July 19, 2024  |  Connected Economy

This week featured insights from JOOR CEO Kristin Savilia on the necessity of experiential retail for luxury brands, discussions with One Inc CEO Ian Drysdale...

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