Tag : insurance

Candor Technology Enhances Pre-Close Underwriting Efficiency and Helps Lenders and Investors Quickly Review Portfolios and Reduce Buybacks
Lending Mortgage News

Candor Technology Enhances Pre-Close Underwriting Efficiency and Helps Lenders and Investors Quickly Review Portfolios and Reduce Buybacks

PR Newswire
by PR Newswire0
Recent study of more than 500k funded loans revealed zero repurchases Candor Technology, Inc., a leading provider of automated underwriting technology and other technology-enabled solutions for the mortgage industry, announced it has completed a study of more than 500,000 funded loans and zero had repurchases. Thirteen repurchase claims were defended because the......
OneShield Announces Partnership with One Inc to Enhance Digital Payment Solution Offering
Digital Payments InsurTech News

OneShield Announces Partnership with One Inc to Enhance Digital Payment Solution Offering

PR Newswire
by PR Newswire0
OneShield, a leader in insurance technology solutions, is pleased to announce its partnership with One Inc, a leading provider of digital payment solutions for the insurance industry. One Inc’s payment products integrations will now be accessible through OneShield’s extensive customer-facing marketplace of products. This will empower insurance carriers to harness......
Bold Penguin Teams Up With Salesforce Financial Services Cloud To Automate Commercial Insurance Lifecycle
InsurTech News

Bold Penguin Teams Up With Salesforce Financial Services Cloud To Automate Commercial Insurance Lifecycle

PR Newswire
by PR Newswire0
Bold Penguin products are now available on Salesforce AppExchange, allowing customers to more easily transfer data between Salesforce Financial Services Cloud (FSC) and Bold Penguin in near real time Bold Penguin announced a collaboration with Salesforce, launching Bold Penguin Terminal and SubmissionLink on Salesforce AppExchange, a leading enterprise marketplace for partner apps and experts. The new product......
Cowbell Introduces Prime Tech with Cowbell Co-Pilot, a Generative AI Solution to Optimize Underwriting Workflows
Artificial Intelligence News

Cowbell Introduces Prime Tech with Cowbell Co-Pilot, a Generative AI Solution to Optimize Underwriting Workflows

PR Newswire
by PR Newswire0
Cowbell delivers Prime Tech through an existing partnership with Obsidian, now providing customers with Technology E&O Primary coverage  Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), introduces Prime Tech with Cowbell Co-Pilot, Cowbell’s artificial intelligence (AI) solution for efficient underwriting. Prime Tech is Cowbell’s adaptive cyber......
Aurionpro Solutions Acquires arya.ai, to Power Next Generation Enterprise AI Platforms for Financial Institutions
Banking News

Aurionpro Solutions Acquires arya.ai, to Power Next Generation Enterprise AI Platforms for Financial Institutions

PR Newswire
by PR Newswire0
Aurionpro Solutions Limited announces the acquisition of Banking and Insurance focused PaaS startup, Arya.ai. With Arya.ai, Aurionpro will enhance its portfolio of enterprise fintech offerings to expedite adoption of AI that is responsible, accurate, and auditable. Aurionpro Solutions Ltd. will acquire a majority stake (67%) in Arya.ai. This acquisition will......
Kanguro Insurance Expands into Renters Insurance in Texas Market
InsurTech News

Kanguro Insurance Expands into Renters Insurance in Texas Market

PR Newswire
by PR Newswire0
Kanguro Insurance, known for its innovative AI-driven pet health insurance plans, has announced its expansion into renters insurance, starting with the Texas market. The company is actively seeking partnerships with insurance agencies and property managers while offering a streamlined tech-forward product directly to consumers, particularly within Texas’s Latino community. “We recognize the need for......
Ally Financial Declares Dividend on Common Stock and Series B and Series C Preferred Stock
Digital Payments Fintech News

Ally Financial Declares Dividend on Common Stock and Series B and Series C Preferred Stock

PR Newswire
by PR Newswire0
Additionally, a dividend payment was declared on Ally’s 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C, of approximately $11.8 million, or $11.75 per share, and is payable to shareholders of record as of April 30, 2024. The board of directors of Ally Financial declared a quarterly cash dividend of $0.30 per......
Parametric Insurance: Revolutionizing Traditional Insurance Models
Guest Posts InsurTech

Parametric Insurance: Revolutionizing Traditional Insurance Models

Neha Batra
by Neha Batra0
Parametric insurance, a novel approach to risk management, represents a departure from traditional insurance methods. In contrast to indemnity-based insurance, where claims are assessed based on actual losses, parametric insurance operates on the principle of predefined triggers, typically related to weather benchmarks or other quantifiable parameters. This innovative model offers......
$50 Billion Opportunity Emerges for Insurers Worldwide From Generative AI’s Potential to Boost Revenues and Take out Costs
InsurTech News

$50 Billion Opportunity Emerges for Insurers Worldwide From Generative AI’s Potential to Boost Revenues and Take out Costs

PR Newswire
by PR Newswire0
As generative AI continues to evolve, Bain urges insurance companies to take several critical steps to adapt to the fast-developing technology. Insurance businesses worldwide have a $50 billion dollar financial opportunity from generative AI to harness the technology in ways that could boost their revenues by as much as 20% and cut......
Policybazaar Emerges as Preferred Choice for NRIs
InsurTech News

Policybazaar Emerges as Preferred Choice for NRIs

Fintech News Desk
by Fintech News Desk0
The demand among the 18-60 age group has seen an impressive 130% year-on-year growth, with India emerging as the preferred choice for NRIs residing in the US, Canada, and select European countries. Policybazaar, one of India’s online insurance marketplaces, is witnessing a significant increase in non-resident Indians (NRIs) choosing term......
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