Artificial Intelligence in Insurance
The insurance industry is seeing a welcome disruption via artificial intelligence (AI), but only a few companies might benefit from this breakthrough. Most organizations lack cognitive technologies to process insight, and this makes the data almost useless. But insurtech companies can connect the potential of the AI data streams available.
Healthcare Technology and Coronavirus [Survey] - Benefytt Technologies
Certain U.S. cities are allowing residents to head back to work, dine at their favorite restaurants, and somewhat return to a sense of normalcy. But we aren’t out of the (coronavirus) woods yet. In fact, more than 1,000 Americans expressed how the pandemic is still a big concern in a recent survey by healthinsurance.com, Benefytt’s direct-to-consumer e-commerce platform for Medicare and private health insurance products. 84% of respondents feel that there will be a second wave of COVID-19 in the U.S., a sentiment that matches the data showing an unfortunate spike in coronavirus cases nationwide. Good news though: 88% of survey respondents said they’re still practicing social distancing regardless of their state/county guidelines.
Benefytt Technologies Inc.
What is InsurTech? InsurTech is the combination of insurance and technology solutions for enrollment, insurance claims processing, underwriting, policy administration, data insights, fraud detection and more. InsurTech is disrupting the insurance industry by providing cost saving solutions and better customer experience for insurance companies. Let’s dive deeper. Insurance is an old business spanning back centuries: In fact, Ben Franklin founded the first insurance company in the United States. And while the industry has a long history of adapting and innovating to meet market needs, the inner workings of insurance can have their inefficiencies and dated technologies.
Technologies Acquisition by Madison Dearborn Partners
Tender Offer of $31.00 per Share to be Commenced in Coming Days to Complete All-Cash Transaction TAMPA, Fla., July 13, 2020 (GLOBE NEWSWIRE) — Benefytt Technologies, Inc. (NASDAQ: BFYT) (“Benefytt”) (“the Company”), a health insurance technology company and leading distributor of Medicare-related health insurance plans, today announced that it has entered into a definitive agreement to be acquired by funds affiliated with Madison Dearborn Partners, LLC (the “MDP Funds”), a leading private equity firm based in Chicago that has deep experience in the insurance technology and health care industries.
6 Medical Technology Trends During the Coronavirus Pandemic
Instacart deliveries, Zoom happy hours, and chatbot interactions: It’s no secret that the coronavirus pandemic has changed how we work and play each day. If anything, pandemic technology has made us more resilient during an era of social distancing and quarantines. But what new medical technology trends have emerged during the Coronavirus pandemic? While it’s hard to tell what the healthcare industry will look like post-pandemic, companies and healthcare facilities alike have widely adopted or innovated new health technologies. That said, here are 6 medical technology trends we’ve seen. Medical Technology Trend #1: Telehealth
Benefytt streamlines health insurance customer enrollment
Trust and engagement through e-signatures Security is a top priority for Benefytt, and Adobe Sign’s security and authentication capabilities help the company protect the privacy of its customers. “Security and technology are the core focus for the whole company.
Benefytt keeps an aging population covered with Adobe Sign
Benefytt helps people find the right Medicare and life insurance plans for them and makes it easy to enroll. Its customers are among the fastest-growing demographic in the U.S. – and a moving target in terms of technology. “People who are 65 today didn’t grow up with the internet, so their digital skills vary.
Madison Dearborn Partners Completes Benefytt Technologies Acquisition
TAMPA, Fla., Aug. 21, 2020 (GLOBE NEWSWIRE) — Benefytt Technologies, Inc.(“Benefytt” or “the Company”), a health insurance technology company and leading distributor of Medicare-related health insurance plans, today announced that funds affiliated with Madison Dearborn Partners, LLC (the “MDP Funds”) have completed their previously disclosed acquisition of Benefytt. The Company will maintain its brand name and build upon its tech-first mission to help consumers connect with Medicare and other health and life insurance products. Gavin Southwell will continue to serve as the Chief Executive Officer of Benefytt, and the Company will remain headquartered in Tampa, Fla.
Extensive COVID-19 Survey Reveals Interesting Findings
Healthinsurance.com, Benefytt’s direct-to-consumer private insurance and Medicare website, is getting a solid pulse on the reactions and concerns of Americans throughout the coronavirus pandemic. The brand recently launched a series of COVID-19 surveys, which gathered insights from 1,000+ respondents of all ages. The most recent survey was the most comprehensive one yet, covering COVID-19 topics such as testing and vaccines, social distancing and mental health, economic impacts, and more. COVID-19 Survey Highlights The survey yielded some interesting results, among them:
Coronavirus Updates Feed
Novel Coronavirus has undoubtedly changed the world. And the economic impacts from the virus are highly visible on a global scale: The stock market has declined, small businesses have shut down, millions of people have lost their jobs, and unfortunately, many of those who were diagnosed with Coronavirus disease have lost their battle. To track the developments of this global pandemic, our direct-to-consumer website, Healthinsurance.com launched a news feed to consolidate and recap global news pieces and highlights about Coronavirus. The topics covered range from day to day, focusing on both positive and negative impacts.
