Lemonade is an insurtech company that leverages artificial intelligence and behavioral economics to offer homeowners, renters, and pet insurance. Lemonade provides quick and transparent policy purchases, claims processing, and payments by streamlining the insurance process through its app. The company uses ...
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Local fintech start-ups are addressing not only payments, lending, insurtech, and investments but also additional consumer and business needs such as home buying, payment apps and wallets, and merchant payment solutions. International fintech firms. Established international fintech firms have launched...
4.5 Insurtech Lastly, we have Insurtech. Fintech is not just limited to the financial institutions or the banking industry, it has created a huge impact on the insurance industry as well. Insurtech is the name being reckoned with again and again. And why not since this one has left no sto...
Are you still insured if you miss an insurance payment? If you miss a car insurance company by a few days, you may still be in your auto policy grace period. A grace period is the timeframe your insurer forgives a late payment. Grace periods usually last seven to 30 days, but it ...
Fintech is an abbreviation for “financial technology,” which refers to any technology used for financial services. Fintech is a broad term that encompasses many different applications, all serving the interests of consumers and businesses. From online and mobile banking to cryptocurrency and ...
Read more: Nimble insurtechs driving change in car insurance The cost of insurance will then depend on how far a car is driven, but may also extend to correlate to an individual’s driving behaviours. In the pay-per-mile option, a driver gets charged a specific amount each time they reac...
Abasketof 22 insurtech companies has lost more than a quarter of its value so far this year, according to the HSCM Public Insurtech Index. Several of the worst-performing companies in the index, including Hippo and Root, focus on personal lines of insurance such as home and auto. “Compani...
Across the road from the finance ministry, Shift Technology has just moved in to a new building to accommodate its rapidly expanding team, which has grown from three people when it launched in 2014 to 150 people today. Shift is an “insurtech” company that uses AI algorithms to root out i...