The insurance industry, often perceived as lagging in innovation and adapting to consumer needs, is undergoing a notable transformation. Traditionally reliant on agents for product sales, the industry is seeing a gradual shift away from this model, said Andrea Heger, senior vice president of insurance...
OneShield has partnered with One Inc to deliver a digital payment solution for the insurance industry. One Inc’s payment product integrations designed for the insurance industry will now be accessible through OneShield’s customer-facing marketplace of insurance technology solutions, the companies said in a Thursday (April 25) press release. “With One Inc’s industry-leading...
Amazon Web Services (AWS) and AXA are jointly developing a global business-to-business (B2B) risk management and prevention platform and associated software services. AXA, an insurance and asset management firm, will leverage AWS analytics capabilities to add services for existing clients and AWS clients through the AXA Digital...
In the age of smartphones and instant access to information, it’s no surprise that even the most traditional industries are undergoing a digital makeover. The insurance sector, once synonymous with stacks of paperwork and lengthy meetings with agents to get quotes, is no different. Today,...
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 and time-consuming. But the insurance landscape is rapidly evolving, with digital tools and innovative solutions paving the way for more...
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...
