Companies that don't use the technology on average pay $1.76 million more and take 108 days longer to respond to incidents than firms that utilize it.

Digital insurance companies could pay more to use banking services that have previously been virtually free as banks tighten regulations and increase prices.

The plea deal ended an embarrassing chapter for the German insurance giant, which agreed to sell the bulk of Allianz Global Investors US to Voya Financial Inc. after the unit was banned for a decade from some fund services in the country.

Synthetic fraud — which combines real and false identifying information — has been a niche variety of identity theft for some time. But recent advancements in artificial intelligence and people's access to it might bring it into the mainstream in a big way.

End-to-end automation remains a long-term goal as banks and insurers focus on point solutions, at least for now.

A new Medicare policy sets out how government auditors will review data on patient illnesses and recover excess payments that aren't justified.

Widespread digitalization creates more opportunities for bad actors to manipulate insurance services.

Is it possible for an insurer to help prevent damages and delays? Yes.

How do you maximize efficiency in the application, quoting, and claims process and not invite new or additional fraudulent activity?