Insurtech

The latest insurtech trends and technologies, and their applications across the insurance industry.

Live from ITC 2024 — Special Video Section

Advertisement

Featured Insurtech

More Insurtech

MARA Holdings Sells $1.5 Billion Bitcoin As It Pushes Into A.I. Data Centres

Cryptocurrency miner MARA Holdings (NASDAQ: $MARA) has sold $1.5 billion U.S. worth of Bitcoin (CRYPTO: $BTC) as it expands into artificial intelligence (A.I.) data centres. In its first-quarter earnings statement, the company said it sold the BTC to improve its liquidity and retire debt associated with its pivot to running A.I. data centres.

Fidelity is growing its workforce. Blame AI.

When Fidelity Investments announced a workforce restructuring last week, the Boston company was adamant: Artificial intelligence played no role in its decision to cut about 1,000 employees. Perhaps more surprising was that the family-controlled company led by Abigail Johnson also plans to hire 2,000 early-career workers— the very type of workers…

Record Lows and Highs for Medicare Advantage and PDPs by Mark Farrah Associates

Medicare Advantage market penetration remains strong; however, the growth rate has slowed to a record low, of 2.4%; while Prescription Drug Plan enrollment soared to its highest growth rate level since 2013, according to a new analysis by Mark Farrah Associates, www.markfarrah.com. Over half, 51.8%, of people eligible for Medicare have decided on Medicare…

WHY POLITICAL PRESSURE ON CENTRAL BANKS CAN RAISE YOUR BORROWING COSTS

The following information was released by the University of Virginia's Darden Graduate School of Business Administration:. Over the past year, President Trump has intensified pressure on the Federal Reserve and Chair Jerome Powell to lower interest rates in a bid to boost the economy and cut borrowing costs. The question of central bank independence came up…

Tesla Promises Lower Insurance Premiums With 'Every Mile' Of Supervised FSD Driving: Here's How To Avail It

Tesla Inc. owners can avail lower insurance premiums with the Supervised Full Self-Driving technology. The Tesla North America handle posted on X on Tuesday, saying that the company will offer a“ score of 100” to drivers for“ every mile” driven with Supervised FSD with the Safety Score v3.0.“ This allows you to maintain a higher average safety score over time,…

AI Editing Tools Are Fueling a New Era of Insurance Fraud, According to New Research from Verisk

–From adjusting the lighting in a photo to repairing a blurry image, AI‑ powered image editing tools have become part of everyday life– and increasingly, part of the insurance claims process. Verisk, a leading global data analytics and technology provider to the insurance industry, commissioned the Verisk State of Insurance Fraud study to provide insights into…

TD eyes $150M in cost reductions – with help from AI

–TD expects to cut insurance claims costs by $150 million "in the medium term" through AI deployment, vendor optimization, fraud detection and process reengineering, CFO Kelvin Tran said Thursday during the bank’ s quarterly earnings call.– The firm’ s investments in process improvement, digital and artificial intelligence capabilities will reduce timelines…

Block to cut more than 4,000 jobs amid AI disruption of the workplace

Fintech company Block said Thursday that it's cutting more than 4,000 workers or nearly half of its workforce as artificial intelligence disrupts the way people work. The Oakland parent company of payment services Square and Cash App saw its stock surge by more than 23% in after-hours trading after making the layoff announcement. Jack Dorsey, the co-founder…