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NEW YORK , Dec. 11, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global insurtech market size is estimated to grow by USD 77.41 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 42.35% during the forecast period. Increasing need to improve business efficiency is driving market growth, with a trend towards investors collaborating with insurtech firms. However, high cost of investment poses a challenge. Key market players include Acko Technology and Services Pvt. Ltd., Allianz SE, Berkshire Hathaway Inc., Charles Taylor Ltd., Cuvva Ltd., Cytora Ltd., DeadHappy Ltd., Flock Ltd., Friendsurance, Kin Insurance Technology Hub LLC, KYND Ltd., Laka Ltd., Massachusetts Mutual Life Insurance Co., Milvik AB, Nimbla Ltd., Quantemplate Technologies Inc., simplesurance GmbH, Slice Insurance Technologies Inc., Uinsure Ltd., Urban Jungle Services Ltd., Wrisk Ltd., ExtraCover Ltd., and F2X Group Ltd.. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF InsurTech Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 42.35% Market growth 2024-2028 USD 77.41 billion Market structure Fragmented YoY growth 2022-2023 (%) 40.22 Regional analysis North America, Europe, APAC, Middle East and Africa, and South America Performing market contribution North America at 51% Key countries US, China, India, UK, and France Key companies profiled Acko Technology and Services Pvt. Ltd., Allianz SE, Berkshire Hathaway Inc., Charles Taylor Ltd., Cuvva Ltd., Cytora Ltd., DeadHappy Ltd., Flock Ltd., Friendsurance, Kin Insurance Technology Hub LLC, KYND Ltd., Laka Ltd., Massachusetts Mutual Life Insurance Co., Milvik AB, Nimbla Ltd., Quantemplate Technologies Inc., simplesurance GmbH, Slice Insurance Technologies Inc., Uinsure Ltd., Urban Jungle Services Ltd., Wrisk Ltd., ExtraCover Ltd., and F2X Group Ltd. Market Driver InsurTech, the fusion of Insurance and Technology, is creating waves in the industry. This innovation is revolutionizing the creation, distribution, and administration of insurance products. From social insurance to life & health, auto, marine, liability, buildings, and commercial buildings insurance, InsurTech is transforming business lines and product lines. Machine learning and artificial intelligence are driving personalized solutions for niche customers. Real-time tracking and monitoring information enable better risk monitoring and decision making. Customer data is the new currency, with predictions based on purchase quantity and consumer needs. Cloud computing, blockchain, IoT, and digital solutions are the new norm. InsurTech is transforming insurance planning with big data, chatbots, and on-premise solutions. Insurance carriers are embracing digital transformation, leveraging technology to streamline operations and enhance customer experience. The future of InsurTech lies in continuous innovation and meeting evolving customer needs. Investors are showing heightened enthusiasm towards partnering with InsurTech firms, as evidenced by the recent conference where 1,500 investors, entrepreneurs, and insurance executives convened. The primary objective of the event was to explore how technology is revolutionizing the insurance sector. Technological advancements have significantly impacted the insurance value chain, streamlining costing processes, enhancing consumer experience, increasing transparency, reducing fraud through data analysis, and simplifying claims for customers. InsurTech companies are prioritizing the growing consumer demand for tailored insurance products and personalized services. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This insurtech market report extensively covers market segmentation by 1.1 Marketing and distribution- The InsurTech market's marketing and distribution segment is poised for significant growth during the forecast period. The widespread use of smartphones and easy internet access have fueled digital marketing and distribution of insurance policies through advanced technologies. Regulations mandating electronic promotion system certifications ensure security. Mobile point-of-sales in e-retail is gaining acceptance, providing insurance companies with opportunities to cater to busy customers. InsurTech platforms offer chatbots for live customer interaction and resolution of queries, enhancing the digital experience. Customer-centricity and high ROI are driving segment growth. InsurTech startups disrupt traditional financial services with increased access, transparency, and lower costs. Automation through pattern recognition algorithms and predictive coding reduce industry overheads and improve process efficiency. Deregulation of equity crowdfunding and private startup investments attract investors, further fueling market growth. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis Insurance Technology, or InsurTech, refers to the use of technology to create, distribute, and administer insurance products. This innovative sector is revolutionizing the industry by enabling the creation of ultra-customized policies tailored to individual needs. Social insurance, life & health, auto, marine, liability, buildings, and commercial buildings insurance are just a few areas benefiting from InsurTech. Machine learning and artificial intelligence are key technologies driving personalized offerings. Customer data is analyzed to provide accurate risk assessments and pricing. Cloud computing and deployment models allow for flexible and scalable solutions. Blockchain ensures secure and transparent transactions. Business analytics and IoT devices provide real-time data for risk assessment and claims processing. InsurTech is transforming various insurance sectors, including life & health, auto, marine, liability, buildings, and home insurance. Dwelling coverage and contents coverage are now offered with greater precision and efficiency. The future of insurance is technology-driven, offering customized policies and improved customer experiences. Market Research Overview The InsurTech market refers to the use of technology to create, distribute, and administer insurance products. This includes social insurance, life & health, auto, marine, liability, buildings, and commercial buildings insurance. Customer data is a crucial element, with machine learning and artificial intelligence used for predictions based on consumer needs, purchase quantity, and decision making. Real-time tracking and monitoring information are essential for insured parties, and businesses are leveraging digital solutions to streamline insurance planning. Cloud computing, blockchain, IoT, and big data are transforming the industry, with solutions providers offering digital transformation through on-premise and cloud-based platforms. Chatbots and insurance carriers are also part of this landscape, enhancing customer experience and enabling efficient claim processing. Overall, InsurTech is revolutionizing the insurance industry by providing innovative digital solutions for various business lines and niche customers. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/insurtech-market-to-grow-by-usd-77-41-billion-2024-2028-driven-by-business-efficiency-needs-and-ai-impacting-market-trends---technavio-302328190.html SOURCE Technavio
Stock Market Today: The Dow Leads an Up Day for StocksWhite House announces nearly $1 billion more in military assistance to Ukraine
I don’t know about you, but as someone heavily involved in stock analysis on a regular basis, I often feel like there must be a better way to approach the markets. Just imagine how much time you could save if, instead of poring over the details of each individual stock out there, you had a tool that could do so for you. Well, that’s exactly what we’ve aimed to create with Auspex, our latest stock picking system. You may already be familiar. Indeed, over the past few days, we’ve offered glimpses into this tool’s inner workings. In short, Auspex leverages fundamental, technical, and sentimental data to help us find the stocks with the strongest possible setup. That way, we have the opportunity to get into the most promising stocks at the best time – before they go on to rise. We’ve spent the past several months developing, testing, even using Auspex to help us home in on such up-and-coming market winners. And today, we finally revealed this new system for the very first time. But... before you check out the replay of that exciting broadcast ... I would like to finish explaining just how this innovative model helps uncover the market’s future top performers. That is, in yesterday’s issue , we discussed how Auspex uses a series of fundamental factors to narrow down a universe of ~14,000 potential picks to uncover just those that meet our very strict criteria. And today, I want to explain how Auspex takes those fundamentally strong stocks and whittles the list down even further, ultimately landing on the best picks the market has to offer . Using Fundamentals, Technicals and Sentiment to Reveal Top Stocks As we’ve mentioned previously, when we have Auspex scan the markets, it analyzes a universe of roughly 14,000 stocks. And in our scan from early December, only about 300 of those 14,000 stocks were deemed fundamentally strong, with accelerating sales and earnings growth and swelling profit margins. But we don’t stop there. After receiving those results, we incorporate additional technical and sentimental parameters to continue paring down that list. And ultimately, only a few stocks make the final cut. For example, out of 14,000 possible stocks, Auspex identified just 10 picks for the month of December. OK... so, how does this system deem which stocks are worthy investments? Well, when it comes to technicals, we’re essentially looking for stocks with strong upward price momentum. We want to see the 200-day moving average ( MA ) sloping higher, indicating that the stock’s primary long-term price trend is positive. We also want to see the 50-day MA trading above the 100-day, as well as the 100-day trading above the 200-day MA. That indicates that short- and medium-term price momentum are both growing stronger. Additionally, positive action on the moving average convergence/divergence (MACD) line – with the MACD above the signal line – is also ideal. It’s another indication of strengthening price momentum. And, lastly, we want to make sure the stock isn’t “too hot” or overbought. That’s why we look for stocks where the relative strength index ( RSI ) measures less than 70. Now, on the sentimental side of things, we hope to find stocks that analysts are getting more bullish on and that have investors flocking to get positioned in. Specifically, we want to see earnings estimates moving higher and trading volume on the rise. Then we layer these technical and sentimental filters on top of the fundamental filters we’ve discussed to find the stocks that are strong in every way. The Final Word on This Stock Picking Innovation And as we said earlier, that list can be quite short. Auspex scans about ~14,000 stocks every time we run the model. Typically, only around five to 20 stocks make each final cut – sometimes fewer, sometimes more; but typically within that range. Ultimately, that is less than 0.1% of the total stocks Auspex analyzes. And that is how we use Auspex to help identify the most promising stocks at the best time to buy them. This innovative system blends rigorous fundamental, precise technical, and forward-looking sentimental analysis to uncover future market leaders... before the crowd catches on. With Auspex, you can gain a critical edge, identifying stocks poised for success while saving your valuable time. Don’t miss this opportunity to learn how this robust tool can elevate your investing approach. Click here to access the replay now , and take the first step toward smarter, more confident stock picking. The next market winner is waiting. Let Auspex help you find it before it takes off. On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article. P.S. You can stay up to speed with Luke’s latest market analysis by reading our Daily Notes! Check out the latest issue on your Innovation Investor or Early Stage Investor subscriber site.
Revolutionary Single-Layer Film Eliminates Helmet Changes, Enhancing Driver Safety and Performance LAS VEGAS , Dec. 11, 2024 /PRNewswire/ -- Racing Optics®, the global leader in high-performance tearoff visor film technology, proudly unveils its latest innovation: the Twilight Tearoff . This groundbreaking single-layer tearoff is engineered to elevate driver visibility during late-afternoon and early-evening races, providing superior glare reduction and contrast enhancement. The Twilight Tearoff redefines race-day performance by allowing drivers to maintain focus and adapt seamlessly to changing light conditions, eliminating the need for disruptive helmet changes. This innovation represents a significant leap forward in racing vision technology, delivering immediate and measurable benefits to professional drivers and teams alike. "The Twilight Tearoff solves one of racing's most persistent challenges—ensuring optimal visibility as lighting transitions rapidly during twilight races," said Chris Colton , Chief Applications Engineer at Racing Optics . "Our dedication to driver safety and performance drives every innovation, and the Twilight Tearoff is no exception." Transforming Racing at Twilight Racing teams are already embracing the Twilight Tearoff as a game-changing solution for twilight and low-light racing conditions. One racing team manager shared their experience: "In a recent twilight race, the Twilight Tearoff gave our drivers unmatched visual clarity. Transitioning from glaring sunlight to artificial lighting without pausing to change helmets was a decisive advantage that kept us competitive." By streamlining the driver experience, the Twilight Tearoff enhances safety and helps maintain uninterrupted race momentum—a critical edge in the high-stakes world of motorsports. Exclusive Debut at PRI Show 2024 The Twilight Tearoff will make its debut at the Performance Racing Industry (PRI) Show , held December 12–14, 2024, in Indianapolis, Indiana . This highly anticipated event marks Racing Optics' 25th anniversary , celebrating a legacy of trailblazing innovations in motorsports safety and performance. Availability The Twilight Tearoff is now available for purchase at RacingOptics.com and through authorized dealers. Teams and drivers looking to gain a competitive edge are encouraged to explore this latest advancement. About Racing Optics For 25 years, Racing Optics has led the field in racing vision technology, delivering innovative solutions that enhance safety and performance. With a commitment to collaboration and innovation, the company continues to push the boundaries of motorsports protective equipment. For additional information, please visit RacingOptics.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/racing-optics-introduces-game-changing-twilight-tearoff-to-enhance-visibility-in-low-light-racing-conditions-302329546.html SOURCE Racing Optics, Inc.
Revolutionary Single-Layer Film Eliminates Helmet Changes, Enhancing Driver Safety and Performance LAS VEGAS , Dec. 11, 2024 /PRNewswire/ -- Racing Optics®, the global leader in high-performance tearoff visor film technology, proudly unveils its latest innovation: the Twilight Tearoff . This groundbreaking single-layer tearoff is engineered to elevate driver visibility during late-afternoon and early-evening races, providing superior glare reduction and contrast enhancement. The Twilight Tearoff redefines race-day performance by allowing drivers to maintain focus and adapt seamlessly to changing light conditions, eliminating the need for disruptive helmet changes. This innovation represents a significant leap forward in racing vision technology, delivering immediate and measurable benefits to professional drivers and teams alike. "The Twilight Tearoff solves one of racing's most persistent challenges—ensuring optimal visibility as lighting transitions rapidly during twilight races," said Chris Colton , Chief Applications Engineer at Racing Optics . "Our dedication to driver safety and performance drives every innovation, and the Twilight Tearoff is no exception." Transforming Racing at Twilight Racing teams are already embracing the Twilight Tearoff as a game-changing solution for twilight and low-light racing conditions. One racing team manager shared their experience: "In a recent twilight race, the Twilight Tearoff gave our drivers unmatched visual clarity. Transitioning from glaring sunlight to artificial lighting without pausing to change helmets was a decisive advantage that kept us competitive." By streamlining the driver experience, the Twilight Tearoff enhances safety and helps maintain uninterrupted race momentum—a critical edge in the high-stakes world of motorsports. Exclusive Debut at PRI Show 2024 The Twilight Tearoff will make its debut at the Performance Racing Industry (PRI) Show , held December 12–14, 2024, in Indianapolis, Indiana . This highly anticipated event marks Racing Optics' 25th anniversary , celebrating a legacy of trailblazing innovations in motorsports safety and performance. Availability The Twilight Tearoff is now available for purchase at RacingOptics.com and through authorized dealers. Teams and drivers looking to gain a competitive edge are encouraged to explore this latest advancement. About Racing Optics For 25 years, Racing Optics has led the field in racing vision technology, delivering innovative solutions that enhance safety and performance. With a commitment to collaboration and innovation, the company continues to push the boundaries of motorsports protective equipment. For additional information, please visit RacingOptics.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/racing-optics-introduces-game-changing-twilight-tearoff-to-enhance-visibility-in-low-light-racing-conditions-302329546.html SOURCE Racing Optics, Inc. Stay Informed: Subscribe to Our Newsletter TodayNebraska will be trying to preserve its perfect in-state record when it hosts South Dakota on Wednesday night in a nonconference game in Lincoln, Neb. The Cornhuskers (4-1) are 3-0 at home and also won Friday at then-No. 14 Creighton, beating their in-state rivals on the road for the second straight time. But the last time they did that, in 2022, they followed that win with a 16-point loss at Indiana to open Big Ten Conference play. "Believe me, we've addressed a lot of things," Nebraska coach Fred Hoiberg said. "A lot of people are saying some really positive things. You've got to find a way to put that behind you. I've liked how our team has responded and come back to work after that great win at Creighton." Brice Williams leads the Cornhuskers with 18.2 points per game and was one of five players in double figures against Creighton. Juwan Gary topped the list with 16. South Dakota (6-2) comes to town off a 112-50 home win Monday night over Randall, the third non-Division I school it has beat. The Coyotes' last game against a D1 opponent was Friday at Southern Indiana, resulting in a 92-83 loss. This will be South Dakota's second nonconference game against a Big Ten opponent, after a 96-77 loss at Iowa on Nov. 12. In December, the Coyotes also visit Santa Clara, hovering near the top 100 in KenPom adjusted efficiency, before jumping into Big Sky play. "The schedule is very good and that should help us," third-year South Dakota coach Eric Peterson said before the season. "We have some good nonconference games that should help prepare us for the end of the season." Nebraska has held four of its opponents to 67 or fewer points, with Saint Mary's the only one to top that number in the Cornhuskers' lone loss. Opponents are shooting 38.1 percent this season. South Dakota shot below 40 percent in its two previous games before shooting 62 percent against Randall. Isaac Bruns, who scored 20 to lead South Dakota in the Randall game, paces the Coyotes with 12.9 points per game. --Field Level Media
Pope Francis kicks off a yearlong Jubilee that will test his stamina and Rome's patience VATICAN CITY (AP) — Pope Francis has opened the great Holy Door of St. Peter's Basilica. The ceremony kicks off the 2025 Holy Year. It's a celebration of the Catholic Church that is expected to draw some 32 million pilgrims to Rome. And it will test the pope’s stamina and the ability of the Eternal City to welcome them. This begins the Christmas Eve Mass. The ceremony inaugurates the once-every-25-year tradition of a Jubilee. Francis has dedicated the 2025 Jubilee to the theme of hope. Bethlehem marks a second subdued Christmas Eve during the war in Gaza BETHLEHEM, West Bank (AP) — Bethlehem is marking another somber Christmas Eve under the shadow of war in Gaza. Manger Square lacked its usual festive lights and crowds of tourists on Tuesday. Instead, the area outside the Nativity Church was quiet. The church was built atop the spot where Jesus is believed to have been born. The war, the violence in the occupied West Bank it has spurred and the lack of festivities has deeply hurt Bethlehem's economy. The town relies heavily on Christmas tourism. The economy in the West Bank was already reeling because of restrictions placed on laborers preventing them from entering Israel during the war. Heavy travel day starts with brief grounding of all American Airlines flights WASHINGTON (AP) — American Airlines briefly grounded flights nationwide due to a technical problem just as the Christmas travel season kicked into overdrive and winter weather threatened more potential problems for those planning to fly or drive. Government regulators cleared American flights to get airborne Tuesday about an hour after the Federal Aviation Administration ordered a national ground stop, which prevented planes from taking off. American said in an email that the problem was caused by vendor technology in its flight operating system. Aviation analytics company Cirium said flights were delayed across American’s major hubs, with only 37% leaving on time. Nineteen flights were cancelled. Haiti gangs fire on journalists covering a planned hospital reopening, leaving casualties PORT-AU-PRINCE, Haiti (AP) — Suspected gang members have opened fire on journalists in Haiti’s capital as they were covering the attempted reopening of the country’s largest hospital, wounding or killing an unknown number of people. The country's interim president, Leslie Voltaire, said in an address to the nation that journalists and police were among the victims of the vicious Christmas Eve attack. He did not specify how many casualties there were, or give a breakdown for the dead or wounded. Radio Télé Métronome said earlier on Tuesday that seven journalists and two police officers were wounded in the shooting. Street gangs have taken over an estimated 85% of Haiti’s capital, Port-au-Prince. Middle East latest: Israeli raid and airstrikes in West Bank kill at least 8 Palestinians The Palestinian Health Ministry says at least eight people were killed by Israeli military operations in the northern West Bank. The ministry said three of the dead were killed by Israeli airstrikes. The attacks took place around the city of Tulkarem and nearby refugee camps. The Israeli military said it opened fire after militants attacked soldiers, and it was aware of some uninvolved civilians who were harmed in the raid. Elsewhere in the occupied West Bank, the Palestinian city of Bethlehem was marking a somber Christmas Eve under the shadow of the war in Gaza. Most festivities were cancelled and crowds of tourists were absent. Caitlin Clark honored as AP Female Athlete of the Year following her impact on women's sports Caitlin Clark has been named the AP Female Athlete of the Year after raising the profile of women’s basketball to unprecedented levels in both college and the WNBA. She led Iowa to the national championship game, was the top pick in the WNBA draft and captured rookie of the year honors in the league. Fans packed sold-out arenas and millions of television viewers followed her journey on and off the court. Clark's exploits also put other women's sports leagues in the spotlight. A group of 74 sports journalists from AP and its members voted on the award. Other athletes who received votes included Olympic gold medalist Simone Biles and boxer Imane Khelif. Clark’s only the fourth women’s basketball player to win the award since it was first given in 1931. NFL players who use platform to share their faith say it's their duty to spread their love of Jesus ALLEN PARK, Mich. (AP) — Jake Bates was standing on the turf in his hometown of Houston when asked to reflect on an unlikely journey from learning how to sell bricks to making game-winning kicks for the Detroit Lions. Bates used his platform as an NFL player to spread his love of Jesus. A month later, Bates told The Associated Press it is a duty to share his faith. The NFL is filled with players and coaches who feel the same way, such as Houston's C.J. Stroud, Atlanta's Kirk Cousins, and Lamar Jackson and John Harbaugh of the Baltimore Ravens. Major storm pounds California's central coast, blamed for man's death and partially collapsing pier SANTA CRUZ, Calif. (AP) — A major storm has pounded California’s central coast bringing flooding and high surf that was blamed for fatally trapping a man beneath debris on a beach and later partially collapsing a pier, tossing three people into the Pacific Ocean. The storm was expected to bring hurricane-force winds and waves up to 60 feet Monday as it gained strength from California to the Pacific Northwest. Some California cities have ordered beachfront homes and hotels to evacuate early Monday afternoon. Forecasters have warned that storm swells would continue to increase throughout the day. Medellin Cartel victims demand truth and justice as cartel boss Fabio Ochoa walks free in Colombia BOGOTÁ, Colombia (AP) — The return of the notorious drug trafficker Fabio Ochoa to Colombia, following his deportation from the United States, has reopened old wounds among the victims of the Medellin cartel, with some expressing their dismay at the decision of Colombian authorities to let the former mafia boss walk free.Some of the cartel victims said on Tuesday that they are hoping the former drug lord will at least cooperate with ongoing efforts by human rights groups to investigate one of the most violent periods of Colombia’s history, and demanded that Colombian prosecutors also take Ochoa in for questioning.
LAKE CHARLES, La. (AP) — Christian Shumate's 22 points helped McNeese defeat NCAA Division-member LeTourneau 103-69 on Saturday night. Read this article for free: Already have an account? To continue reading, please subscribe: * LAKE CHARLES, La. (AP) — Christian Shumate's 22 points helped McNeese defeat NCAA Division-member LeTourneau 103-69 on Saturday night. Read unlimited articles for free today: Already have an account? LAKE CHARLES, La. (AP) — Christian Shumate’s 22 points helped McNeese defeat NCAA Division-member LeTourneau 103-69 on Saturday night. Shumate also contributed five rebounds for the Cowboys (5-4). Quadir Copeland added 20 points while shooting 7 of 8 from the field and 6 for 6 from the line while they also had nine rebounds, 11 assists, and three steals. Sincere Parker had 16 points and went 7 of 11 from the field. The Yellow Jackets were led by Deonte Jackson, who posted 21 points, five assists and seven steals. Walker Blaine added 14 points and four assists for LeTourneau. Caedmon Liebengood also had 14 points. McNeese visits Mississippi State in its next matchup on December 14. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar. Advertisement(Bloomberg) -- On The Daily Show on Monday evening, host Jon Stewart brought up the capture of Luigi Mangione, the 26-year-old Ivy League graduate who had been arrested that day in connection with the killing of a health-insurance executive. “They did appear to catch that guy today at a McDonald’s,” Stewart told his audience, eliciting a mix of boos and applause. “Look, I’m sorry guys.” The host then joked about the person who turned Mangione in to police, noting that “snitches get stitches, but obviously without pre-approval there’s really...” as guffaws filled the studio. It’s that kind of cavalier reaction, devoid of sympathy for Brian Thompson, the 50-year-old husband and father of two who was gunned down on the streets of Midtown Manhattan last week, that is unsettling workers in the industry. Conversations with employees in various roles revealed shock at the callous treatment of the UnitedHealth Group Inc. insurance chief on the day of his private funeral — and the evident sympathy in some corners for the man charged with murder. Social media was full of praise, often from anonymous or unverified accounts, for Mangione and even many people who condemned the violence used the killing as an occasion to criticize the industry’s practices. Frustration with health insurers is nothing new — long before Thompson died, there was widespread condemnation of a profit-driven system that makes difficult-to-understand decisions about what medical treatments to cover. But the degree of vitriol in the wake of the killing has taken even industry veterans by surprise. “There is a very strong concern that we’re going to see copycat events,” said Scott Stewart, a vice president at security firm TorchStone Global. Police in New York were investigating threatening “WANTED” posters spotted in Manhattan that depicted company executives and echoed the language found on the bullets in Thompson’s killing, a New York Police Department spokesperson said. Companies say they are prioritizing their workers’ safety and sense of wellbeing, even as some believe the reaction to the killing online has unfairly amplified attacks on the industry writ-large, according to one industry official who asked not to be identified discussing a sensitive topic. Some health insurers have scrubbed information about their executives from their websites and are weighing closing public access to offices. Companies are also tracking call-center activity and making sure consumer complaints are taken seriously, according to another person in the industry who asked not to be identified. The NYPD is on alert for “a risk that a wide range of extremists may view Mangione as a martyr and an example to follow,” according to a law enforcement document reviewed by Bloomberg News. “Rhetoric may signal an elevated threat facing executives in the near-term.” For now, it’s unclear if the fury unleashed against health insurers after the murder of one of the industry’s top executives will lead to any self-recrimination or broader changes to how coverage decisions are made. “This has been very much with us and under the surface of US health care for a long time,” said Warris Bokhari, a former executive at Elevance Health Inc. who now runs a company called Claimable that helps people appeal insurance denials. “At the bottom of it is people are frustrated and they want something better.” Insurance Surveys Industry officials point out that the current backlash isn’t broadly representative of Americans’ experience with their health plans. About 65% of people in a November Gallup survey rated their own coverage as excellent or good. Still, denials of care are widespread, and there is no shortage of heart-wrenching stories. In an August study from nonprofit Commonwealth Fund, 17% of respondents said an insurer had denied coverage for care that had been recommended by a doctor. Nearly 60% of those who experienced a denial said care was delayed as a result. Health insurers are weighing ways to improve how they communicate with members about coverage, benefits and hurdles like prior authorization and claims denials. The health-care industry will have to redouble its efforts to help explain the role of insurance, another person in the sector said, noting that there’s widespread misunderstanding. That will be a longer-term effort. But there’s a recognition by insurers that the issue isn’t simply a communications problem — companies need to examine the policies that provoke so much ire, two industry officials said. Those discussions were underway before Thompson’s murder, but have taken on new urgency. Public Anger Even some doctors who pledge to “first, do no harm” expressed conflicted feelings about the killing. James Young, a family physician from Eau Claire, Wisconsin, wrote in the trade publication MedPage Today that he “shed no tears for Thompson” who he said profited “off the suffering of others.” He said physicians are “the profession that has the moral high ground” against insurers, and called on doctors to “condemn the actions of Thompson and UnitedHealthcare as vehemently as we condemn the actions of his assassin.” Some in the industry praised remarks from Pennsylvania Governor Josh Shapiro, who after the suspect’s capture said: “He is no hero.” Complex Web Insurance companies frequently face public anger since they’re in the position to set limits on care, but the medical industry is full of complex relationships among employers that pay for benefits, hospitals and doctor groups that provide care, and drug and device companies that sell medical products. All segments of the industry include large, for-profit entities, and they frequently blame each other when patients get upset. Going forward, health insurers will likely make a greater effort to publicize how they help customers, like flagging gaps in care or reminding someone they need a cancer screening, said Michael Sherman, a former health-insurance executive who worked at Humana Inc. and Point32Health, a nonprofit insurer based in Massachusetts. But simply loosening policies in response to public anger can hurt their business. “If a health plan has less restrictive policies, that leads to higher costs and some employers may be less likely to choose them as their carrier,” Sherman said. “A failure to be competitive leads to lost business, even if a payer wants to do the right thing.” Thompson’s murder has forced a very sudden reckoning, but the insurance industry has long faced accusations that it puts profits above patients. Wendell Potter, a former communications executive at Cigna Group, was familiar with anger from people who had been denied life-altering or life-saving care. Then, in 2007, Potter began to feel that anger himself, when a 17-year-old girl was denied a needed liver transplant by Cigna. An outcry ensued, and the insurer eventually caved and approved the care. But it was too late, and the girl died a short time later. “It was the first time it became abundantly clear to me that there was problem,” he said. “I just saw too much.” Potter left his job at Cigna and became one of the most prominent critics of the industry, writing books, testifying before Congress, and advocating for patients directly. “This happens day in and day out, and people are suffering,” he says. Insurers are “denying what they know is medically necessary care, and they do it because they don’t think people will fight it.” --With assistance from Antonia Mufarech, Anne Cronin, John Lauerman, Michelle Fay Cortez, Myles Miller and Gerry Smith. (Updates with information about police investigating threatening posters in eighth paragraph.) More stories like this are available on bloomberg.com ©2024 Bloomberg L.P.None
Jury considers charges against man in killing of Ole Miss student popular in local LGBTQ+ community
A Nigerian billionaire’s firm is set to roll out the first AI-powered Radio station in Nigeria The new radio station will commence operations in January 2025, combining entertainment and e-commerce KongaFM will be a pioneer said station in Africa, combining artificial intelligence with entertainment PAY ATTENTION: Follow our WhatsApp channel to never miss out on the news that matters to you! Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade. Nigeria is set for a historic launch of its first AI-powered radio station, marking a breakthrough initiative by Konga, an e-commerce company. The station is reportedly scheduled to begin operations in January 2025 and will be known as KongaFM. KongaFM to combine AI and entertainment The station is said to be the first in Africa to combine artificial intelligence with entertainment and commerce. PAY ATTENTION: Follow us on Instagram - get the most important news directly in your favourite app! According to reports, a source disclosed that KongaFM will be a pioneer platform to empower brands, distributors, and original equipment manufacturers to connect with unreached markets and change the e-commerce landscape. Read also Nigerian billionaire starts another building material business as cement price increases Leadership reports that the station will deliver non-stop music and a unique mix of entertainment and commercial opportunities. The platform's latest media push is part of its wider plans to disrupt conventional marketing communications and amplify consumer engagement across sectors such as FMCG and electronic and digital solutions. Company promises statement in January The move is reportedly set to ignite the FX market, influencing the pricing and availability of critical goods and commodities. It aligns with Konga’s history of innovation in the e-commerce sector. The company has not commented on the new move, although Konga Group CEO Nnamdi Ekeh promised an official statement in January. Konga was acquired by the Chairman of Zinox Technologies, Leo Stan Ekeh, merging with Yudala, a then-burgeoning e-commerce firm. Nigerian billionaire launches cable television Legit.ng earlier reported that KongTV, Africa's first 24-hour buyers and sellers television platform , launched in 2023. The television station launched on November 6, 2023, which coincided with the company's biggest sale of the year. Read also Nigerian entrepreneurs share N11m in TrendX’s Pitch2win competition The television station is designed to offer competitive pricing from sources including manufacturers, distributors, merchants, and resellers. PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy! Source: Legit.ngNonePrimary Cells Market Size, Share, Growth Drivers, Emerging Trends, Key Segments, Leading Players, and Forecast - 2029 12-11-2024 11:32 PM CET | Health & Medicine Press release from: ABNewswire iXCells Biotechnologies entered into an agreement with Tebubio to enhance the distribution of the company's products throughout Europe. The primary cells industry is poised for significant advancements and growth in the near future. As researchers and pharmaceutical companies continue to recognize the limitations of cell lines, primary cells are gaining prominence as a more physiologically relevant and accurate model for studying human biology and disease. Primary Cells Market [ https://www.marketsandmarkets.com/Market-Reports/primary-cells-market-32854960.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=paidpr ] in terms of revenue was estimated to be worth $1.7 billion in 2023 and is poised to reach $2.8 billion by 2028, growing at a CAGR of 10.5% from 2023 to 2028 according to a new report by MarketsandMarkets Trademark . The growth of this market can be attributed to factors such as the is government investments for cell-based research, rising growth in pharmaceutical & biotechnology industries, increasing cancer research, increasing demand for monoclonal antibodies, increasing demand for personalized medicine, and growing advantages of primary human cells over cell lines. Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=32854960 [ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=32854960&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=paidpr ] human primary cells segment accounted for the dominant share of the primary cells market, by origin." On the basis of origin, the primary cells market is categorized into animal and human primary cells. In 2022, the human primary cells segment accounted for the largest share of the primary cells market. Factors responsible for the growth of the segment include the demand for accurate disease models, increasing application in studying cancer stem cells and drug-drug interactions in cancerous cells and circulating tumor cells, increasing the burden of chronic diseases, safety testing requirements, and ethical considerations. "Hematopoietic cells segment accounted for the largest share in the primary cells market, by type in 2022." On the basis of type, the primary cells market is divided into hematopoietic cells, dermatocytes, gastrointestinal cells, hepatocytes, lung cells, renal cells, heart cells, musculoskeletal cells, and other primary cells. Hematopoietic cell transplants are frequently used to develop novel cancer therapies to treat blood cancers and other disorders of the immune system. Hematopoietic cells are also used to study the biochemical pathways of tumor cells and the efficacy of different drugs. This wide range of applications will contribute to the largest share of the hematopoietic cells in the primary cells market in 2022. "In 2022, the pharmaceutical & biotechnology companies, and CROs segment accounted for the largest share of the global primary cells market, by end user." On the basis of end users, the primary cells market is segmented into pharmaceutical & biotechnology companies, and CROs, academic & research institutes, and other end users. In 2022, pharmaceutical & biotechnology companies and CROs accounted for the largest share of the primary cells market, mainly due to the high adoption of primary cells among pharmaceutical & biotechnology companies and CROs for cell-based experiments and cancer research. "In 2022, North America is the largest regional market for primary cells." The global primary cells market is segmented into four major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2022, North America accounted for the largest share of the primary cells market. The increasing number of players launching new human primary cells for research, expansion in the pharmaceutical and biotechnology industries, rising incidences of cancer and various other chronic and infectious diseases, and the growing focus on R&D in the region are the major factors driving the growth of the North American market. As life science research studies have significant use of primary cells, the growing focus on R&D in this field is expected to drive market growth in North America during the forecast period. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=32854960 [ https://www.marketsandmarkets.com/requestsampleNew.asp?id=32854960&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=paidpr ] Primary Cells Market Dynamics: Drivers: * Increasing cancer research * Advantages of primary human cells over cell lines * Increasing demand for monoclonal antibodies * Rapid growth in biotechnology and biopharmaceutical industries * Growing focus on personalized medicine * Government investments for cell-based research Restraints: * Concerns regarding primary cell culture contamination * Ethical concerns regarding research in cell biology Opportunities: * Advancing biomedical research using primary cells in 3D cultures Challenges: * Sourcing and availability of primary cells Key Market Players: Key players in the primary cells market are Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany), Lonza Group (Switzerland), Cell Biologics, Inc. (US), PromoCell GmbH (Germany), HemaCare Corporation (US), ZenBio, Inc. (US), STEMCELL Technologies, Inc. (Canada), Corning Incorporated (US), AllCells (US), American Type Culture Collection (US), Axol Bioscience Ltd. (UK), iXCells Biotechnologies (US), Neuromics (US), StemExpress (US), BioIVT (US), ScienCell Research Laboratories, Inc. (US), ProMab Biotechnologies, Inc. (US), Creative Bioarray (US), BPS Bioscience, Inc. (US), Epithelix (Switzerland), ReachBio LLC (US), AcceGen (US), AMSBIO (UK), and Kosheeka (India). Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=32854960 [ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=32854960&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=paidpr ] Primary Cells Market Advantages: * Physiological Relevance: Primary cells, derived directly from human or animal tissues, closely resemble the characteristics and behavior of cells in their native environment. This physiological relevance allows researchers to study cellular responses, interactions, and functions more accurately, leading to a better understanding of human biology and disease mechanisms. Compared to cell lines, primary cells provide a more representative model for investigating drug efficacy, toxicity, and personalized medicine approaches. * Genetic Diversity: Primary cells exhibit natural genetic variations, reflecting the diversity of individuals and populations. This diversity enables researchers to explore the impact of genetic factors on disease development, drug response, and treatment outcomes. By utilizing primary cells from different donors, scientists can investigate inter-individual variability, identify biomarkers, and develop targeted therapies for specific patient populations. * Complex Cellular Interactions: Primary cells maintain the complex interactions found within tissues, allowing researchers to study cell-to-cell communication, signaling pathways, and microenvironmental influences accurately. This capability is particularly crucial for investigating diseases that involve intricate cellular crosstalk, such as cancer, immune disorders, and neurodegenerative conditions. Primary cells facilitate the evaluation of complex disease mechanisms and the development of more effective therapeutic interventions. * Translational Research Potential: Primary cells offer translational research opportunities by bridging the gap between in vitro experiments and clinical applications. Their ability to closely resemble human physiology enhances the predictability of preclinical studies, allowing for more accurate assessment of drug efficacy, safety, and potential side effects. Primary cells also serve as valuable tools for evaluating patient-specific responses to treatments, enabling the development of personalized medicine approaches. * Emerging Technologies Integration: The primary cells market is witnessing integration with emerging technologies, such as 3D bioprinting, organ-on-a-chip systems, and high-throughput screening platforms. These advancements enable the creation of more complex and functional in vitro models that closely mimic human tissues and organs. The combination of primary cells with these technologies enhances their utility in drug discovery, regenerative medicine, and toxicology studies. Overall, the primary cells market's advantages, including physiological relevance, genetic diversity, complex cellular interactions, translational research potential, and integration with emerging technologies, make them an invaluable resource for advancing biomedical research, drug development, and personalized healthcare approaches. Media Contact Company Name: MarketsandMarkets Trademark Research Private Ltd. Contact Person: Mr. Rohan Salgarkar Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=primary-cells-market-size-share-growth-drivers-emerging-trends-key-segments-leading-players-and-forecast-2029 ] Phone: 18886006441 Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445 City: Florida State: Florida Country: United States Website: https://www.marketsandmarkets.com/Market-Reports/primary-cells-market-32854960.html This release was published on openPR.
