Bobsguide

JUNE 11, 2020

Insurers face new threats as impact of coronavirus challenges tech stacks and complicates customer contracts. While the shock of the pandemic is being felt across all industries, insurers are grappling not only with the need to revamp legacy technology, but the potential loss of trust from.

Industry 135

Industry Report Technology 135

Perficient

APRIL 3, 2024

Insurers are constantly striving to improve their operations, provide better experiences for customers, and minimize risks. Monica Gernert, a project manager, and insurance expert at Perficient, provided a critical perspective around genAI that’s quoted in the report. This kind of intelligence proves the noble purpose of insurance.”

Technology 221

Technology Report social media Industry 221

PYMNTS

JUNE 24, 2020

Property and casualty (P&C) is a massive insurance segment that includes auto, home, renters and powersports, among other subcategories. trillion in premiums for 2018, according to one recent report , a notable portion of the wider industry’s approximately $5 trillion in revenue that year. It represented $1.6 billion profit.

Industry 152

Industry Payments Examples System 152

PYMNTS

MARCH 17, 2017

Blockchain technology has the potential to impact nearly every industry involving money. One area in which we’ve seen innovation break through recently may come as a surprise: insurance. If there was any industry that could be viewed as the definition of mundane and stuck in its ways, it would be insurance.

blockchain 127

blockchain Industry Bitcoin Innovation 127

Perficient

FEBRUARY 28, 2024

With new risks, shifting market dynamics, and the unstoppable march of technology, the insurance industry finds itself at a crossroads. The imperative for transformation has never been clearer, and this is highlighted in Forrester’s report, The Future Of Insurance.

Innovation 251

Innovation Regional Strategy Trends 251

PYMNTS

SEPTEMBER 10, 2018

Are you ready to say goodbye to the insurance agent? It has launched a direct-to-consumer insurance service that underscores not only the enduring appeal of cutting out the middleman, but also represents one of the most recent developments in the move away from paper and analog processes for that industry.

Industry 100

Industry Millennials Online Video 100

Perficient

APRIL 14, 2022

The connection between technology and consumers in the insurance industry has never been more relevant. Although the insurance industry was already facing rising competition and customer expectations, the global pandemic forced our industry to take legacy processes and technologies, and transition to “digital” seemingly overnight. .

Strategy 332

Strategy Tools Industry Customer Experience 332

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?

Conference 221

Conference Strategy Innovation Industry 221

Bobsguide

APRIL 16, 2019

While a stern warning issued by the UK's Financial Conduct Authority (FCA) to the insurance sector affects a small slice of the industry, the regulator is displaying a welcome willingness to use innovation to drive change, according to market participants. “[The FCA] is being very.

Industry 87

Industry Regulation Innovation Marketing 87

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!

Data 275

Data Conference Analytics Industry 275

PYMNTS

JUNE 1, 2017

June’s PYMNTS.com Disbursements Tracker™ , powered by Ingo Money, follows the latest trends and developments on how disbursements are shifting old business habits and reshaping different industries and the challenges involved with getting companies to adopt new payment solutions. Tapping Payment Rails to Innovate the Insurance Industry.

Industry 101

Industry Innovation Report Tools 101

PYMNTS

NOVEMBER 3, 2016

Of the displaced masses, the Consumer Federation of America expects more than 100,000 insurance claims to be filed and anticipates insurance payments to top $7.5 In the interview, Hauff discussed how insurance companies are trying to expedite the payments process using aging technology platforms. Overcoming the antiquated.

Training 100

Training Industry Payments System 100

CFPB Monitor

SEPTEMBER 16, 2020

As previously reported , unable to agree on long-term reforms for the National Flood Insurance Program (NFIP), at the end of last year Congress extended the NFIP through September 30, 2020, which is the end of the current federal government fiscal year. With that date looming, in a letter to majority and minority leaders in the U.S.

National 78

National Groups Industry Report 78

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.

Strategy 419

Strategy Analysis US Technology 419

Perficient

JULY 19, 2023

In today’s rapidly evolving technological landscape, artificial intelligence (AI) has emerged as a game-changer for various industries. One such industry that will be forced to utilize AI solutions to gain a competitive advantage is the regional insurance carrier industry.

Regional 221

Regional Customer Experience Strategy Policies 221

Let's Talk Payments

DECEMBER 28, 2016

“InsurTech is here to stay, and it will bring fundamental change to the insurance industry,” said Andrew Rear, Head of Munich Re’s Digital Partners. Indeed, in the recent history of.

Industry 110

Industry US 110

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. Increasing insurance coverage on bank deposits will have unintended consequences and results contrary to what those in the banking industry want and what the U.S. economy needs.

FDIC 195

FDIC Regulation Capital Management 195

CB Insights

JULY 21, 2020

In the first half of this year, 3 insurtech startups have made major moves towards becoming licensed, full-stack insurers: Bestow , a Texas-based life insurance startup, raised a $50M Series B in April and announced it had obtained an insurance carrier license, with aims to launch its own product later this year.

Industry 71

Industry DC Texas Washington 71

Perficient

JULY 26, 2021

Insurance serves a noble purpose: to protect individuals & businesses and their property, liability, and financial obligations. Rural residents paying city insurance rates, government employee affinities, and experiences tailored for military families are just a few examples of these beginnings.

Customer Experience 294

Customer Experience Apple Study Google 294

Perficient

OCTOBER 7, 2022

The Insurance Information Institute, an industry-funded research group, estimates that Ian has caused at least $30 billion in damage. Now that the storm has passed, residents are scrambling to assess damages to their homes and businesses and, if insured, begin the claims processes with their insurers. Community outreach.

Community 275

Community South Carolina America Groups 275

Bobsguide

APRIL 23, 2019

At its peak in January 2018, the combined market capitalisation of cryptocurrency hit $830bn. While that figure has since declined to just over $113bn, many businesses and individuals have accrued fortunes into the hundreds of millions. The rapid escalation of cryptocurrency’s market.

cryptocurrency 124

cryptocurrency Industry Marketing 124

Perficient

APRIL 4, 2022

Recently, Digital Insurance issued the findings from Keynova Group on the 2022 Mobile Insurance Scorecard. While mobile has long been a part of the carrier offering – pay a bill, get an ID card, file a claim – this survey reflects the evolution of insurers from transactional into personalized servicing.

Mobile 294

Mobile Survey User Experience Analytics 294

PYMNTS

JULY 27, 2020

The insurance industry has been bogged down by sluggish service and even slower payouts for decades, and while policyholders have certainly weathered their fair share of friction from the sector’s legacy incumbents, those insurance companies themselves have also suffered from a lack of digitization and automation.

Innovation 247

Innovation User Experience Industry Fraud 247

Let's Talk Payments

MAY 27, 2016

The insurance industry is no exclusion as professionals are. While blockchain technology is no news anymore, a range of possible application seems to be piling up at an impressive pace.

blockchain 75

blockchain Industry Technology US 75

Let's Talk Payments

NOVEMBER 24, 2019

We’ve witnessed bite-sized financial instruments being provided by lending companies in the form of micro/nano loans and investment companies in the form of micro-investments. Read more

Industry 85

Industry Lending Company 85

Perficient

DECEMBER 18, 2023

Reputation Management Trust is the cornerstone of the financial industry. Technological Advancements and Cybersecurity As the financial industry embraces technological advancements, the risk of cyber threats and data breaches has escalated. Any erosion of trust can have severe consequences, including loss of customers and investors.

Regulation 473

Regulation Compliance Exercises Guidelines 473

PYMNTS

JUNE 24, 2020

The insurance industry is all about risk mitigation, and not only when it comes to underwriting policies. Averse to the risk of change, the property and casualty (P&C) insurance arena has been resistant to embrace electronic payments when disbursing funds to claimants. Considering Digital Alternatives. Easing The Migration.

Strategy 285

Strategy Industry Payments Policies 285

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. Now, take a wild guess as to a chief culprit behind pandemic-era insurance payment delays.

Innovation 250

Innovation Industry Payments System 250

Perficient

JUNE 1, 2023

As the financial services industry continues to evolve, companies are looking for ways to stay ahead of the competition and increase their market share. We understand the complexities of the industry and are here to make the process of integrating Generative AI as seamless as possible.

Compliance 251

Compliance Industry Regulation Data 251

CB Insights

OCTOBER 23, 2017

China’s internet giants, including Ant Financial and Tencent, are making their ambitions clear that they are out to win the country’s online insurance industry. Because China’s online insurance sales are set to see massive growth over the next five years and beyond. Why does this matter? Why does this matter?

Industry 57

Industry Online Capital Comparison 57

Bobsguide

SEPTEMBER 19, 2017

Average car insurance premiums have gone up by 11 percent in the past year, according to recent data from the Association of British Insurers (ABI). Insurance has always been a grudge purchase, but with prices soaring, consumers are questioning the value for money they’re getting with their.

Industry 136

Industry Data 136

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.

DC 221

DC FDIC Washington Compliance 221

Let's Talk Payments

NOVEMBER 26, 2016

No other industry has a bigger impact on the improvement of national welfare than insurance. In 2015, insurance premium volume worldwide reached $5.265 trillion, attracting ever-expanding attention to insurance business.

Industry 40

Industry National US Innovation 40

FICO

OCTOBER 22, 2018

Let’s face it – while many see digital disruption as the future in insurance, in fact new entrants into the space have been hindered by the product complexity, distribution systems and legacy infrastructure that the insurance industry carries with it. Is the software to blame?

Industry 40

Industry Analytics Strategy Policies 40

Payments Source

APRIL 22, 2020

Business payments gateway Cashfree has established new features for its insurance, web aggregator and broker clients in India to streamline policy premium collection, claim settlement and payouts to agents and hospitals.

Tools 79

Tools Industry Payments Policies 79

Let's Talk Payments

DECEMBER 19, 2016

Being one of the most exciting areas of innovation, the insurance industry by-product, InsurTech, attracted more than $1.2 billion in investments in 2015 – six times the amount invested in.

Industry 40

Industry Innovation US 40