search
insurance industry
Trends
- 1Embedded Finance Revenue to Hit $617 Billion by 2031▼Embedded Finance Revenue to Reach $617 Billion Globally by 2031, as B2B Revenue Surges 390%
New industry projections show global embedded finance revenue reaching $617 billion by 2031, with B2B embedded finance revenue forecast to surge 390% over the period. The figures point to rapid growth as companies across sectors integrate payments, lending and insurance directly into their products. Analysts highlight business-to-business applications as the fastest-expanding segment of the market.
- 233Across rebrands as WealthStage, an AI ad platform for banks●ICYMI: 33Across becomes WealthStage, an ad platform for banks and trading apps: Lenders, brokers and insurers get an AI
Ad-tech firm 33Across has relaunched as WealthStage, an advertising platform aimed at banks, trading apps, lenders, brokers and insurers. The company says its AI engine scores household wealth to help financial brands target customers, citing projections that $124 trillion in wealth will change hands by 2048. Industry watchers are questioning which data feeds the engine and what operations remain under the 33Across name.
- 3Hospitals' AI use linked to $942 million jump in US healthcare costs●# AI has made many people rich, esp those close to # Trump /fam & others who've ill-gotten gains:🚨"Hospitals’ use of AI
The Blue Cross Blue Shield Association reports that hospitals' use of AI tools when submitting insurance claims drove an additional $942 million in US healthcare spending over a two-year period. Commenters are linking the finding to wider concerns that AI-driven gains are flowing to well-connected and wealthy interests, including associates of Donald Trump, while patients and insurers absorb the costs.
- 4William Blair Hires Managing Director for Insurance and Financial Services▼William Blair Adds Managing Director Focused on Insurance, Financial Services Sectors
Investment firm William Blair has appointed a new managing director focused on the insurance and financial services sectors. The move signals the firm's continued investment in its advisory capabilities in these industries, expanding its coverage as dealmaking and client demand in insurance and financial services remain active.
- 5Allianz Partners launches next-generation travel insurance platform▼Allianz Partners unveils next-generation travel insurance platform to help partners navigate changing landscape
Allianz Partners has unveiled a next-generation travel insurance platform aimed at helping its partners adapt to a changing travel landscape. The company says the new system is designed to support partners with evolving customer needs and market conditions. Details on features and rollout were not immediately available beyond the announcement.
- 6
Relation Insurance Services has acquired LaPlaca Insurance, an agency based in Philadelphia, as part of a push to expand its presence in the city and surrounding market. The deal adds LaPlaca's book of business and local client relationships to Relation's growing national brokerage network. Terms of the acquisition were not disclosed in early coverage.
- 7
Washington state’s Department of Labor & Industries has proposed an increase in workers’ compensation insurance rates for employers. The proposal, reported in the Tri-Cities business press, would raise premiums that businesses pay to fund the state-fund workers’ comp system. Employers and business groups typically weigh in during the public comment period, arguing over costs versus benefit adequacy.
- 8
Relation Insurance Services has acquired a family-owned insurance agency in Pennsylvania, continuing the brokerage's pattern of growth through acquisitions. The deal adds the agency's book of business and local client relationships to Relation's national platform. Financial terms of the transaction were not disclosed. Industry observers track such deals closely as consolidation continues across the US insurance brokerage sector.