Health insurance has offered some of the best investment opportunities of the past decade. The prognosis, however, now looks shaky. Health insurers have dramatically outperformed the stock market since the Affordable Care Act became law in 2010. Over the past decade, Centene (CNC) has beaten the S&P 500 by more than 600 percentage points while UnitedHealth Group (UNH)' s stock has topped the broad index by about 500 percentage points.
Agero, a market leader in software-enabled driver assistance services for automotive manufacturers and insurance providers in North America, today announced that its advanced artificial intelligence services are now in use by eleven clients, including four of the top six insurance providers and one of North Americas largest automakers to improve driver assistance for millions of motorists in t...
That "comeuppance" could ultimately deliver a 20% shock to the top-heavy tech sector, Paul Meeks, portfolio manager at Independent Solutions Wealth Management told CNBC in a recent interview. Any such hit, however, would present a screaming buy opportunity for those looking for discounts in the tech market, according to Meeks, who ran the world's biggest tech fund for Merrill Lynch back during the dot-com boom. "The fundamentals are strong in tech.
A new research paper from Federal Reserve staffers finds U.S. life insurers have taken on the risks in private debt largely ceded by banks after the 2008 financial crisis. These insurers, who are sparsely regulated at the federal level, have deployed "complex on- and off-balance sheet arrangements" to deploy "vast amounts of annuity capital" investing in private debt, according to the paper. "Within ten years, the U.S. life insurance industry has grown into one of the largest private...
Specialist insurer Beazley (BZLYF) has enhanced its Virtual Care insurance policy in the United States to offer greater protection for the providers of technology-enabled healthcare and lifestyle management services.
RevOZ Capital, a leading real estate investment firm specializing in Opportunity Zones, today announced the formation of its board of advisors responsible for providing strategic counsel to the principals of RevOZ as they scale their Opportunity Zone-specific investment platform.
Despite rising concerns surrounding auto affordability, loan originations grew at their highest quarterly rate in four years. Overall, the average new account balance grew to $22,232, a 3.3% uptick over the same period last year.
The insurance sector continues to be one of the largest investors in technology for optimizing business processes. Digital Experience Platforms will play a key role in advancing the CX initiatives of insurance providers by acting as an intelligent core, helping organizations simplify and personalize user experiences within a fully interconnected ecosystem.
The revelation that the owner of the New York Stock Exchange approached eBay Inc. (EBAY) about a possible takeover-- only to dump the idea after an investor backlash-- stunned observers on Wall Street and beyond. But it shouldn't be surprising given the transformation of the exchange business over the past decade. Once focused on running markets, exchange operators such as NYSE parent Intercontinental Exchange Inc. (ICE), or ICE, have increasingly evolved into data and technology companies--...
Exactuals, a leading provider of cloud-based payment services, today announced it will launch PaymentHub for Insurance, a modern SaaS, high-tech product that will streamline insurance commission payments.
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