Perficient

FEBRUARY 27, 2024

This blog was co-authored by Perficient’s Insurance Principal and expert: Brian Bell As we step into 2024, the insurance industry faces significant transformations driven by technological advancements and evolving customer expectations. Digitizing functional processes can lead to significant cost savings and efficiency gains.

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Trends Industry Operations Customer Experience 221

Perficient

SEPTEMBER 19, 2023

The world’s largest gathering of insurance innovation, InsureTech Connect (ITC) , is right around the corner. And our team of industry experts is excited to connect, collaborate, and address the most pressing business needs of national and regional carriers. What Matters Most to Insurers in 2023?

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PYMNTS

NOVEMBER 23, 2016

Business operations have long gone digital. But what about insurance? With nearly 30 million small businesses across the U.S. today, which all need insurance in one form or another, the opportunity is there to digitize the insurance space and help address the pain points that can come with offline brick-and-mortar agencies.

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Online Industry User Experience New York 100

BankInovation

JULY 29, 2020

Acrisure LLC, an insurance brokerage, agreed to purchase an artificial-intelligence business from Tulco LLC in a transaction valued at $400 million, the buyer’s largest deal ever. The stock-for-stock purchase makes Tulco a significant minority shareholder in the insurance broker, the companies said Wednesday in a statement.

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PYMNTS

NOVEMBER 7, 2017

The Business Email Compromise (BEC) scam is jeopardizing millions of dollars for businesses of all sizes and industries. As instances of the BEC scam continue to rise, a new challenge for companies could be on the horizon, too, as questions mount over whether such cyberattacks are covered by cybersecurity insurance.

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Fraud Report Payments Company 101

Perficient

NOVEMBER 21, 2023

With nearly three decades of experience directing commercial lending, corporate finance, and insurance for leading brands, Perficient’s Insurance Principal, Brian Bell, stands at the forefront of our financial services practice. Brian believes insurance serves a noble purpose and is a great source of pride.

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Industry Conference Meeting Maine 221

Perficient

MAY 2, 2022

Last week, we introduced our blog series on insurance commerce. For insurance commerce, desired outcomes should consider converting the customer to a policyholder and delivering a journey that makes them confident in their purchase and more likely to become loyal to your brand. First, You’ll Need a Strategy.

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Strategy Company Marketing Strategies Marketing 491

ABA Community Banking

JULY 19, 2019

Three insurance products where banks are finding success with customers—and the bottom line. The post Opportunities for Growing Today’s Bank-Insurance Business appeared first on ABA Banking Journal.

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Community Bank Community Management 68

Perficient

NOVEMBER 1, 2023

Perficient was honored to participate in the inaugural Banking, Financial Services, and Insurance (BFSI) event hosted by Kofax. With more than 50 financial services and insurance professionals in attendance, this event showcased the industry’s unwavering commitment to practical innovation.

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Industry Operations Compliance Strategy 251

Perficient

DECEMBER 29, 2023

Since that blog was published, the FDIC has issued an update on its Restoration Plan for the Deposit Insurance Fund (DIF). The Federal Deposit Insurance Act (FDI Act) requires the FDIC Board to adopt a restoration plan when the DIF’s reserve ratio—the ratio of the fund balance relative to insured deposits—falls below 1.35

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FDIC Leadership Compliance US 221

Perficient

OCTOBER 7, 2022

Hurricane Ian slammed into Florida’s gulf coast and Georgetown, South Carolina, on September 28, leaving countless businesses and homes — if not wholly destroyed — drowned with flood water and without power. The Insurance Information Institute, an industry-funded research group, estimates that Ian has caused at least $30 billion in damage.

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Community South Carolina America Groups 275

Perficient

DECEMBER 21, 2023

Earlier this year, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Fed), and the Federal Deposit Insurance Corporation (FDIC) unveiled a proposed rule that would reshape the landscape for certain financial institutions.

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DC FDIC Washington Compliance 221

MyBankTracker

OCTOBER 28, 2020

One option to help companies survive a key employee’s unexpected death is key person life insurance. What is Key Person Life Insurance and How Does It Work? Key person life insurance is a life insurance policy taken out by a company. When the insured key person dies, the company receives a death benefit payment.

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Policies Company Resources How To 52

Perficient

APRIL 25, 2022

In our previous blogs , we’ve documented how insurance is a complicated product for the traditional commerce process. Insurance is one of the few products that is purchased that one hopes to never have to use – fulfilling a claim means something bad has happened.

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Strategy Analysis US Technology 419

South State Correspondent

MAY 9, 2023

In the wake of regional bank failures, one potential answer to equity shorting and bank runs is having the FDIC increase deposit insurance. The regulators are considering three options: raising the limit above $250k, raising the cap for only certain accounts (such as banks’ business accounts), or eliminating the cap entirely.

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FDIC Regulation Capital Management 195

Perficient

SEPTEMBER 26, 2022

Our insurance team is just returning from InsureTech Connect (ITC). ITC is one of the, if not largest, industry gatherings of insurance carriers, solution provers, implementation partners, and startups. Data and analytics remain key investment areas for insurance operations. What a great week in the desert!

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Data Conference Analytics Industry 275

CB Insights

FEBRUARY 5, 2020

Paris-based Alan provides tech-centric health insurance offerings. The post Fintech Business Model Spotlight: Alan Insurance appeared first on CB Insights Research. Its target audience includes startups, freelancers, and individuals. We analyze Alan’s: Want the full post? Become a CB Insights customer.

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Fintech Regional System Company 42

Payments Dive

MAY 2, 2023

Under the agency’s targeted coverage scenario, accounts used for payment purposes — specifically, business payment accounts— would merit higher deposit insurance coverage.

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FDIC Payments 221

Perficient

SEPTEMBER 8, 2021

Harvard Business Review defines the New Experience Economy as the fourth evolution of economic value, which includes commodities, products, services, and now, experiences. It is estimated that insurers can automate 50-60% of back-office operations and displace 46% of processing roles.

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social media Analytics Maine Study 477

PYMNTS

AUGUST 12, 2020

For decades, the insurance industry is quite literally a lifeline for those affected by unfortunate events. As service providers in the business of disasters and disruptions, insurance companies have had a front-row seat to the ways the pandemic has affected their small business policyholders.

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Policies Marketing Strategies Industry Payments 229

Perficient

JULY 26, 2021

Insurance serves a noble purpose: to protect individuals & businesses and their property, liability, and financial obligations. At their roots, many of the large, well-known carriers today began by serving the distinctive needs of businesses and individuals who could not find coverage elsewhere.

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Customer Experience Apple Study Google 294

American Banker

FEBRUARY 20, 2024

The Charlotte, North Carolina, company has agreed to sell its remaining 80% stake in its insurance brokerage unit to raise billions of dollars in cash and extra capital. The "wild card" is how Truist will deploy them, one analyst says.

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North Carolina Charlotte Capital Cards 41

Perficient

MAY 16, 2022

It’s hard to believe we are more than halfway through our blog series on commerce for the insurance industry. Reflecting on opportunities to improve commerce in the insurance industry and find ways to positively impact this industry with new opportunities with my colleague Beth Duerr has been exciting. .

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Strategy How To Industry Marketing 294

FICO

JUNE 26, 2017

We therefore expected that cyber risk insurance would be an increasingly important way in which organizations are mitigating their risk. Across the industries surveyed, financial services firms were the most likely to be insured (71%), and healthcare the least likely (26 percent). Risk Measure Is Key to Cybersecurity Insurance.

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Survey Data Analytics Security 49

American Banker

NOVEMBER 26, 2023

has been a prolific acquirer, purchasing the insurance brokerages from multiple banks over the last year. Gallagher & Co. Its management has indicated it has another $3.5 billion that it can use for more deals.

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Company Management 36

Cisco

MARCH 12, 2024

Those who experienced “then” and “now” first-hand in the Insurance Claim business might be even more amazed at the profoundly po… Read more on Cisco Blogs Think of how much digital channels and the contact center have evolved.

Customer Experience 118

Customer Experience 118

PYMNTS

JUNE 25, 2020

While they are among some of the world’s wealthiest corporations, insurance companies have nevertheless been clobbered by COVID-19, from travel cancellations to business disruption policies to a rising tide of property and casualty (P&C) claims.

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Innovation Industry Payments System 250

PYMNTS

FEBRUARY 21, 2020

As is often the case with technology adoption, small business (SMB) owners are seeking services and solutions that offer the same convenience and optimized user experiences provided in their personal lives. Unlike consumers, small businesses’ insurance needs are unique and complex.

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Policies Management System User Experience 141

CB Insights

APRIL 2, 2019

Root Insurance is a licensed auto insurer in 24 states that asks users to test drive for 2-3 weeks using the Root mobile app before receiving (or being denied) a potentially discounted quote. Business model and traction. The post Fintech Business Model Spotlight: Root Insurance appeared first on CB Insights Research.

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Fintech Strategy Mobile Marketing 29

South State Correspondent

APRIL 16, 2024

While some of these are stored at the banking-as-a-service banks such as Goldman Sachs, or The Bancorp, many digital wallets, like Starbucks, reside at the corporate level without interest or insurance. FDIC insurance doesn’t matter until it matters, and the funds in many digital wallets are not insured.

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FDIC Examples Study Samsung 195

CB Insights

SEPTEMBER 5, 2019

Hippo is a managing general agency providing homeowners insurance direct to consumers through a digital platform. The post Fintech Business Model Spotlight: Hippo Insurance appeared first on CB Insights Research. We analyze Hippo’s: Want the full post? Become a CB Insights customer.

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Fintech Software Digital Banking Online 28

PYMNTS

SEPTEMBER 18, 2020

Next Insurance , the online insurance provider for small businesses, is negotiating a deal to raise new capital in a round that would value the FinTech startup at $2.25 Google’s parent company, is in talks to lead the $250 million funding round for the Palo Alto, California-based insurer, the news service reported.

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Security California Capital Policies 175

PYMNTS

MARCH 17, 2020

The coronavirus continues to have reverberations across the global stage, and is especially impacting developed economies, and in particular, the small businesses that are a key foundation of those economies. Insurance . One thing’s for certain — that insurance claims will rise. Communicable diseases?

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Los Angeles Policies Course New York 161

PYMNTS

JUNE 3, 2020

Amid the social unrest dominating the country at the moment, will small- to mid-sized businesses (SMBs) face crippling losses tied to looting? Landlords mandate that business tenants carry basic liability insurance. The insurance typically covers inventory or equipment damaged during emergencies.

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Los Angeles New York City Seattle National 134

American Banker

SEPTEMBER 26, 2023

The indictment of Sen. Bob Menendez, D-N.J., is inconvenient for some Democratic priorities, but unlikely to impact a cannabis banking bill up for debate in the Senate Banking Committee.

Policies 41

Policies Compliance Regulation 41

Bobsguide

APRIL 3, 2017

Every day, businesses are discovering new ways to tap into the power and potential of big data. Due to access to unprecedented amounts of information on business performance and consumer behaviour, companies are now able to. Hugh Owen - Senior Vice President, Product Marketing, MicroStrategy.

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Big Data Data Marketing Company 110

TheGuardian

FEBRUARY 2, 2024

Company draws Greensill Capital founder and Gupta’s Liberty businesses into case at high court in London The Swiss insurer Zurich alleges it has been the victim of fraud in a counter-claim in London over the demise of the Greensill business empire, drawing the financier Lex Greensill and the metals magnate Sanjeev Gupta into a £320m court battle.

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Fraud Capital Company 87