Tag : insurance

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......
Unisource Joint Ventures Acquires MFI Data, Launches Unisource Credit
Mortgage News

Unisource Joint Ventures Acquires MFI Data, Launches Unisource Credit

PR Newswire
by PR Newswire0
With the acquisition of MFI Data, Unisource can pair MFI’s credit reporting services with the extensive offering of title and escrow services of Unisource National Lender Services for a comprehensive customer experience that reduces costs and increases loan production for lenders. Unisource Joint Ventures, the parent company of Unisource National......
IPQ 6.0 Reveals South Zone Leads in Financial Security With 8 in 10 Urban Residents Insured
InsurTech News

IPQ 6.0 Reveals South Zone Leads in Financial Security With 8 in 10 Urban Residents Insured

PR Newswire
by PR Newswire0
As per the survey, South India continues to be India’s most financially protected zone with a Protection Quotient of 49, with progress made across all three aspects Knowledge Index at 65 points (increase of 8 points), Life Insurance ownership levels at 80% (increase of 2%), Security levels at 77% (equal......
Clearcover Launches Generative AI Insurance Tool to Expedite Claims Processing and Improve Customer Experience
InsurTech News

Clearcover Launches Generative AI Insurance Tool to Expedite Claims Processing and Improve Customer Experience

PR Newswire
by PR Newswire0
The leading insurtech is rolling out a series of AI solutions, including Digital Statement Collection at FNOL. Clearcover, a next-generation car insurance company, announces the launch of its revolutionary generative AI solution that further digitizes statement collection, significantly streamlining the insurance claims process and customer experience. The AI-driven solution utilizes......
South Korean Insurtech Carrot has Secured BBI (Behavior Based Insurance) Solution Project of Lippo General Insurance, Indonesia
InsurTech News

South Korean Insurtech Carrot has Secured BBI (Behavior Based Insurance) Solution Project of Lippo General Insurance, Indonesia

PR Newswire
by PR Newswire0
Leveraging its accumulated data capabilities and experience, Carrot plans to create integral systems to facilitate LGI’s introduction of BBI product in Indonesia. Carrot General Insurance Corp. (“Carrot” or the “Company”) has taken its first step on the journey to becoming a global insurtech company. Carrot, South Korea’s largest digital insurance carrier, has announced......
Sure Released the 2024 State of Digital Insurance Report
InsurTech News

Sure Released the 2024 State of Digital Insurance Report

Fintech News Desk
by Fintech News Desk0
The new survey highlights the difficulties that organizations face as they develop new insurance programs in a market that has long been dominated by a handful of incumbent RSOs. Sure, the insurance technology company that unlocks the potential of digital insurance, released the 2024 State of Digital Insurance Report, revealing......
Cost of Living in the U.S. Grows 4% Year over Year as Consumers Now Spend Nearly $26k Annually on Essential Household Bills
Finance Fintech News

Cost of Living in the U.S. Grows 4% Year over Year as Consumers Now Spend Nearly $26k Annually on Essential Household Bills

Business Wire
by Business Wire0
The report found that the average U.S. household spends $25,513 per year, or 34% of income on the ten most essential household bills, and also breaks out the household spending market size for each of these bill categories, percentage of households that pay each bill, and average monthly and annual......
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