Perficient

MARCH 3, 2023

In this blog, we’re going to stay in the world of finance, but pivot to embedded insurance. Recall flying back in the 1970s, when airlines began offering life insurance at the airport to folks before they boarded their flight. Furniture sellers often offer protection for a premium on the products they sell. i-Insurance anyone?

Meeting 275

Meeting Customer Experience Apple Innovation 275

Perficient

APRIL 25, 2022

In our previous blogs , we’ve documented how insurance is a complicated product for the traditional commerce process. Let’s recap what we’ve covered: It’s a product that is mandated by the state, financial institutions, and professions for many parts of life – driving, homeownership, rental, professional liability, and others.

Strategy 419

Strategy Analysis US Technology 419

Perficient

MAY 23, 2022

In our final blog on insurance commerce, we build on the previous insights on strategy, customer needs, and internal readiness. We’ve always advocated a process-first mentality – and once these key inputs are ready, technology can be a great accelerator or activator of your strategy.

Strategy 294

Strategy Technology Customer Experience Innovation 294

Bank Innovation

MAY 24, 2017

Insurance has definitely been in the fintech spotlight, with startups like Lemonade and Ladder striving to make a traditionally painful experience as seamless as possible.

blockchain 231

blockchain Fintech Industry Technology 231

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.

Trends 221

Trends Industry Operations Customer Experience 221

Bank Innovation

AUGUST 19, 2019

Better.com, a New York-based mortgage lending startup, raised $160 million in a Series C funding round on Monday to develop new products, hire new employees and launch new partnerships.

New York 186

New York Lending Capital 186

PYMNTS

AUGUST 1, 2016

AXA , the global insurance company, Alibaba , the eCommerce giant, and its Ant Financial Services unit are teaming up to distribute AXA’s insurance products and services via Alibaba’s online platforms. com, AXA will offer small and medium-sized businesses that are trading on the two platforms insurance products.

Strategy 100

Strategy US Customer Experience Online 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 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 at this point where the product is most differentiated and pricing most premium.

social media 477

social media Analytics Maine Study 477

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.

Strategy 491

Strategy Company Marketing Strategies Marketing 491

The Paypers

JULY 4, 2022

Singapore-based neobank YouTrip has launched an in-app travel insurance product backed by HL Assurance.

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CB Insights

JULY 9, 2020

For insurers, the value of IoT lies in the constant stream of real-time data it provides. IoT devices such as machine sensors, environmental monitors, and wearables can provide insurers greater visibility into the risks customers face. Want the full post? Become a CB Insights customer. Become a CB Insights customer.

Data 62

Data System Operations Industry 62

The Paypers

APRIL 16, 2021

Fintech startup N26 has planned to launch N26 Insurance to offer insurance products that you can access from the company’s mobile app and website, according to TechCrunch.

Fintech 31

Fintech Mobile Company 31

CB Insights

AUGUST 19, 2020

The post This Week In Insurance Tech: Kin Insurance Raises $35M, Duck Creek Raises $405M In IPO, Haven Life Launches New Product appeared first on CB Insights Research. Some highlights: Want the full post? Become a CB Insights customer. If you’re already a customer, log in here.

Company 64

Company 64

Perficient

SEPTEMBER 19, 2023

The world’s largest gathering of insurance innovation, InsureTech Connect (ITC) , is right around the corner. Following last year’s conference, Perficient Insurance Principal Brian Bell shared three key takeaways from the 2022 event: First, data and analytics investments still topped many insurers’ list of operational priorities.

Conference 221

Conference Strategy Innovation Industry 221

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

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

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

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

PYMNTS

JULY 16, 2020

Admittedly, it might seem like a strange time to be launching an innovative travel insurance product given how much the tourism industry has contracted in the wake of the global pandemic. Weyl said Koala aims to make travel insurance a new journey toward reliability as tourism attempts to get on the road to recovery.

Policies 254

Policies Examples Innovation Customer Experience 254

Perficient

JANUARY 25, 2023

2023 has commenced, and rates are climbing, inflation is bubbling, and banking customers are continuing to demand hyper-personalized products and experiences from their institutions. Banks have a heightened interest in customer-first initiatives regarding overdraft fees, non-sufficient funds, and loan products.

Banking Trends 474

Banking Trends Trends United States FDIC 474

PYMNTS

DECEMBER 18, 2020

Intuit’s financial services platform Credit Karma has introduced a tool called Karma Drive to help people save money on car insurance with a usage-based product. . Karma Drive, which is being launched in collaboration with Zendrive and Progressive, bases the price of insurance on how much a person drives. Intuit closed its $8.1

Tools 242

Tools Taxes Regulation Innovation 242

The Paypers

SEPTEMBER 14, 2017

(The Paypers) AXA , a large French insurance company, has launched a new flight delay insurance product based on the public Ethereum blockchain to store and process payouts.

blockchain 40

blockchain Company 40

PYMNTS

JANUARY 21, 2021

Insurance provider Chubb has rolled out a new insurance partnership with digital banking services FinTech Revolut , according to a press release. We are looking forward to working with the Revolut team to deliver valuable insurance solutions to their customers.”. customers could expect from their everyday accounts.

Regional 280

Regional Digital Banking Regulation Fintech 280

CB Insights

AUGUST 2, 2016

Want to receive a weekly deep dive into all things insurance? Click here to subscribe to our new insurance tech newsletter. Need for speed Hi there, Last Friday, AXA entered into a global partnership to develop new insurance products for … Continued.

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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.

Policies 229

Policies Marketing Strategies Industry Payments 229

PYMNTS

JANUARY 27, 2021

But that is exactly the type of person that Richmond-based on-demand accident insurer Buddy is looking to serve, by offering up supplemental insurance plans that are super easy to fill out and can take the burn out of crash and burn for as little as $9 per day. “We Flat Rates, Stackable Benefits. Nuts And Bolts.

Las Vegas 287

Las Vegas Conference Examples Marketing 287

PYMNTS

APRIL 9, 2020

Amid millions lost in box office receipts and production costs due to the coronavirus pandemic, Hollywood studios are now aiming to collect on their insurance policies. Allianz, in one case, notes it sees a rise in claims while studios have needed to put a stop to large productions, CNBC reported.

Policies 167

Policies Industry Report Company 167

PYMNTS

JUNE 18, 2020

The Transfer Protect service offered by Western Union and French insurer AXA includes numerous features aimed at benefitting immigrant workers who send remittances to family members and friends in their origin countries. Life insurance and disability policies would provide funds should the expatriate workers die or lose the ability to work.

Policies 211

Policies Branding Online Company 211

Bank Innovation

OCTOBER 11, 2017

The company, which provides quick and easy home insurance via mobile, will now allow developers to access their platform through the Lemonade API. This will allow developers to add Lemonade Insurance alongside their main products, according to the company. […].

Maine 305

Maine Mobile Company Fintech 305

PYMNTS

OCTOBER 14, 2020

Six-year-old insurance technology firm Cover Genius has reportedly raised A$15 million ($10.7 Sydney, Australia-based Cover Genius focuses on providing insurance products to digital-age corporate customers. million USD) in capital, including funds from King River Capital and Leap Capital, according to published reports.

Capital 186

Capital United States Survey Branding 186

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.

Security 175

Security California Capital Policies 175

PYMNTS

NOVEMBER 24, 2020

Digital auto insurer Metromile plans to go public by merging with publicly traded INSU II (Nasdaq: INAQ), a special purpose acquisition entity sponsored by Cohen & Company (NYSE: COHN). The company says its model allows customers, on average, to save about 47 percent over what they would pay with a traditional insurer.

Arizona 264

Arizona Pennsylvania Capital Washington 264

CB Insights

MAY 23, 2023

Embedded insurance — the integration of insurance into a digital product on a third-party platform or marketplace — is becoming more popular as a way to boost revenues and improve customer experiences. For consumers, these products can provide faster, more convenient, and more accessible insurance options.

Company 90

Company Customer Experience Data Marketing 90

PYMNTS

DECEMBER 20, 2020

One of the tools Razorpay will offer small- to medium-sized businesses (SMBs) is health insurance, Mint reported. CEO and Co-Founder Harshil Mathur told Mint in an interview that the new products, including health insurance, are a sign of the growing innovation on the part of companies serving businesses in India.

Innovation 210

Innovation Community Tools Report 210

PYMNTS

JULY 6, 2020

Paytm, the eCommerce payment system and financial technology company based in India, has announced plans to purchase Raheja QBE General Insurance Co. Today, the Mumbai-based insurer is owned by the building materials company Prism Johnson at 51 percent and 49 percent by QBE Australia, one of the country’s largest global insurers.

Financial Technology 181

Financial Technology Strategy Groups Innovation 181

American Banker

DECEMBER 21, 2023

The Federal Deposit Insurance Corp. finalized rules governing display of the FDIC logo Wednesday, requiring a new digital FDIC sign on online banking platforms beginning in 2025, conspicuous physical signs in nontraditional bank facilities and explicit labeling of insured and non-deposit products.

FDIC 84

FDIC Online Compliance Regulation 84