Accessibility StatementSkip Navigation STUART, Fla., Sept. 10, 2025 /PRNewswire/ -- Health In Tech (Nasdaq: HIT) will host its 2025 Annual Stockholder Meeting on Friday, October 3, 2025, at 10:00 AM ET live via virtual webcast. To participate in the Annual Stockholders Meeting, stockholders should visit www.cleartrustonline.com/HIT or the Company's Investor Relations site at https://healthintech.investorroom.com/ Â under "News & Events," and enter the 12-digit control number found in the proxy materials. Gu ...

Core Insights - Health In Tech has announced strategic leadership appointments to enhance AI utilization and accelerate growth [1][5] - The company is preparing to launch a next-generation AI Engine aimed at delivering real-time insights and automating decision-making [5] Leadership Appointments - Dustin Plantholt has been appointed as Chief Artificial Intelligence & Marketing Officer, focusing on AI strategy and marketing initiatives [2][4] - Zain Hasan joins as Head of Revenue and Growth, responsible for scaling national sales operations and enhancing partnerships [2][6] Strategic Importance of AI - The CEO, Tim Johnson, emphasized that AI is central to the company's future strategy, highlighting Plantholt's expertise in AI and growth leadership [3][4] - The upcoming AI Engine is seen as a foundational milestone in transforming the company into an indispensable ecosystem partner [5] Background of New Leaders - Plantholt has extensive experience in AI architecture and was recognized as Entrepreneur's Metaverse Advisor of the Year in 2022 [4][6] - Hasan has a strong track record in the benefits and insurance sector, having successfully led organizations through acquisitions and built national distribution networks [6][7]

Core Insights - Roadzen Inc. reported a record first quarter fiscal 2026 revenue of $10.9 million, a 22% increase from $8.9 million in the previous year, driven by growth in India and the U.S. markets, as well as the resumption of business opportunities in the U.K. [1][4] - The company significantly narrowed its net loss to $(4.0) million from $(48.4) million year-over-year, marking a 92% improvement, and achieved a 50% improvement in adjusted EBITDA loss, which decreased to $(1.4) million from $(2.8) million [2][5] - Roadzen strengthened its balance sheet by raising approximately $4.5 million through two securities purchase transactions at a premium, indicating strong investor confidence [3][5] Financial Highlights - First quarter revenue totaled $10.9 million, reflecting a 22% increase year-over-year, with brokerage solutions accounting for 53% of total revenue, up 86% from the prior year [6][13] - Operating expenses decreased by approximately $25.0 million or 74% from the prior fiscal first quarter, leading to a loss from operations of $(2.5) million, a 92% improvement from $(30.4) million in the previous year [6][13] - Gross margin for the quarter was 58.9%, significantly up from 39.2% reported in the prior fiscal year first quarter [13] Operational Highlights - Roadzen's DrivebuddyAI platform was awarded a patent in India for its driver drowsiness detection algorithm, which utilizes AI to monitor real-time eye and facial cues [11] - The company processed 462,277 claims and vehicle inspections using its AI solutions during the first quarter, compared to 547,233 in the prior year [13] - Roadzen's partnerships and product advancements are expected to drive growth, particularly in the U.K. and India, with multiple new contracts announced [17][18] Subsequent Financial Events - On July 24, 2025, Roadzen raised $2.25 million through a private placement of ordinary shares at a 20% premium to market [10] - An additional $2.25 million was raised on July 29, 2025, through a registered direct offering with an institutional investor [10] Recognition and Market Position - Roadzen was recognized as a leading company in the Insurtech category by CNBC and Statista's 2025 list of the World's Top Fintech Companies, highlighting its role in transforming insurance through AI [16]

Core Insights - Health In Tech has announced a collaboration with Verdegard Administrators to enhance the support provided to brokers and employer groups in the self-funded health insurance market [1][3] - The partnership aims to leverage Health In Tech's Enhanced Do It Yourself Benefit Systems (eDIYBS) platform to streamline operations and improve efficiency [1][3] Company Overview - Health In Tech is an Insurtech platform company that utilizes third-party AI technology to improve processes in the healthcare industry through vertical integration, process simplification, and automation [4] - Verdegard Administrators is a licensed third-party administrator owned by MedImpact, managing prescription benefits for over 20 million members and processing tens of billions in annual drug transactions [2] Collaboration Benefits - The collaboration allows Verdegard to access advanced digital tools and real-time quoting capabilities, which will enhance operational efficiency and provide greater control and transparency for brokers and employers [2][3] - Health In Tech's eDIYBS platform enables faster and more accurate quoting and implementation of self-funded health plans, benefiting brokers and employers with agility and cost savings [3] Market Positioning - Verdegard's scale and purchasing power help lower drug prices for employer groups, making it advantageous for cost-conscious small businesses [2] - The partnership emphasizes both companies' commitment to modernizing the self-funded insurance industry and delivering technology-driven solutions to stakeholders [3]

Core Insights - Health In Tech has donated 60 new computers to the Diocese of Srikakulam, enhancing educational opportunities and promoting digital inclusion for children and families in the region [1][2] - The donation aligns with Health In Tech's commitment to community impact beyond health insurance and technology solutions, emphasizing the importance of technology in education [1][3] Company Overview - Health In Tech (Nasdaq: HIT) is an Insurtech platform company utilizing third-party AI technology to improve processes in the healthcare industry through vertical integration, process simplification, and automation [5] - The company aims to streamline the underwriting, sales, and service processes for insurance companies, licensed brokers, and third-party administrators (TPAs) [5] Community Impact - The Diocese of Srikakulam expressed gratitude for the donation, highlighting its potential to enhance learning and skill-building for vulnerable children [2] - The donated computers will support educational programs and digital literacy initiatives, addressing the digital divide in underserved areas [2][3] - Health In Tech's donation reflects its alignment with Environmental, Social, and Governance (ESG) values, particularly in promoting digital inclusion and social equity [3] Future Collaboration - Health In Tech is dedicated to fostering community partnerships and encourages collaboration with other organizations and individuals to create lasting positive change [4]

Vancouver, British Columbia--(Newsfile Corp. - July 22, 2025) - At the request of CIRO, InsuraGuest Technologies Inc. (TSXV: ISGI) (OTCQB: ISGIF) ("InsuraGuest" or the "Company") wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity. InsuraGuest Technologies Inc. is an innovative Insurtech company. The Company delivers insurance and/or warranty program coverages to vacation rentals, hotels, ...

Core Insights - RYVYL Inc. has announced a strategic pivot towards cryptocurrency custodial services, indicating a shift in its business model [1][2] - S8 Global Fintech & Regtech Fund has acquired approximately 3.6 million shares of RYVYL, representing over 10% of the company's outstanding shares, making it the largest stockholder [1][2] Company Overview - RYVYL Inc. is a leading innovator in payment transaction solutions, focusing on enhancing electronic payment technology for various international markets [5] - The company was founded in 2017 as GreenBox POS and has developed a suite of financial products that emphasize security, data privacy, and rapid transaction settlement [5] Strategic Developments - RYVYL is pursuing a digital asset acquisition strategy and has engaged in initial discussions with S8 to explore potential collaboration [3] - The company announced its enhanced business plan, which includes the introduction of cryptocurrency custodial services, in a press release dated June 16, 2025 [2] S8 Global Fintech & Regtech Fund Overview - S8 is a Luxembourg-based alternative investment fund that focuses on strategic investments in Fintech, Regtech, Insurtech, and Data Technology sectors [2][4] - The fund has full ownership of UK and EU regulated payment institutions and aims to leverage technology to transform financial services [4]

Core Insights - Health In Tech reported strong financial growth in Q2 2025, with total revenue of $9.3 million, representing an 86% year-over-year increase, and first-half revenues of $17.3 million, which is 89% of the full-year 2024 total [3][8][27] - The company expanded its distribution network to 778 partners, an increase of 87% year-over-year, indicating a strategic shift beyond traditional broker channels [3][8] - Adjusted EBITDA for Q2 was $1.6 million, up 134% year-over-year, with first-half adjusted EBITDA reaching $2.8 million, which is 1.2 times the full-year 2024 result [3][8][27] Financial Highlights - Total revenue for Q2 2025 was $9.3 million, up 86% from $5.0 million in Q2 2024 [27] - First-half revenue totaled $17.3 million, a 71.1% increase from $10.1 million in the same period of 2024 [27] - Adjusted EBITDA for Q2 was $1.6 million, a 134.3% increase from $0.7 million in Q2 2024 [27] - First-half adjusted EBITDA reached $2.8 million, up 146% from $1.1 million in the first half of 2024 [27] - The cash balance as of June 30, 2025, was $8.1 million [8] Business Developments - Health In Tech has established partnerships with various third-party administrators (TPAs) and healthcare benefit providers, enhancing its service offerings and market reach [3][9] - The company is focusing on integrating healthcare insurance with existing services provided by partners, which is expected to improve service delivery for small business employers [3][9] - The number of billed enrolled employees increased by 5,738 year-over-year, totaling 24,839 [8] Operational Efficiency - The company maintained a pretax income margin of 8.8% of revenue, reflecting a nearly 300 basis point improvement year-over-year [3][8] - Health In Tech's strategic focus on technology-driven solutions and partnerships is aimed at reducing costs and improving care quality for small businesses [9]

Core Insights - Waterdrop Inc. has been recognized by Harvard Business School for its innovative application of AI in the insurance and healthcare sectors, showcasing a replicable model for global insurtech development [1][4][13] Company Overview - Waterdrop operates a diversified health protection ecosystem that includes Waterdrop Medical Crowdfunding, Waterdrop Insurance Marketplace, E-Find Patient Recruitment, Waterdrop Financial, and Lugo Visa, integrating insurance coverage and health services [4][5] - The company has invested nearly 300 million yuan (approximately US$42 million) annually in R&D, resulting in over 100 technology patents [4] Social Impact - Waterdrop Medical Crowdfunding has facilitated support for over 3.47 million patients, with a new fundraising campaign initiated every 53 seconds, earning recognition from the Ministry of Civil Affairs in China [5] - The Waterdrop Insurance Marketplace offers over 1,000 insurance products tailored for specific demographics, achieving a customer satisfaction rate exceeding 95% [6] Technological Advancements - The use of AI has led to a 120% increase in net profit attributable to shareholders in 2024, with plans to further integrate AI across all business lines in 2025 [8] - Waterdrop's proprietary AI, Waterdrop Guardian AI Insurance Expert, enhances sales support and process optimization, outperforming entry-level human agents in service efficiency [9][10] Operational Efficiency - E-Find Patient Recruitment has improved patient enrollment efficiency by 45% and established partnerships with 80% of the world's top 10 pharmaceutical companies [7] - The AI-powered virtual assistant Baoxiaohui is expected to reduce case escalation rates by 50% annually while improving service efficiency by 50% [11] Quality Control - Waterdrop's AI-driven quality inspection solution ensures comprehensive coverage across communication channels, reducing manual review costs by over 50% [12]

Company Overview - Health In Tech is an Insurtech platform company listed on Nasdaq (HIT) that utilizes third-party AI technology to enhance processes in the healthcare industry through vertical integration, process simplification, and automation [5] Community Support Initiative - Health In Tech has announced financial support for Community Foster Closet, a nonprofit organization in Spokane Valley, Washington, which provides essential items to foster families [1][3] - Since its inception in October 2023, Community Foster Closet has assisted over 100 families and provided resources to more than 370 children [2] Leadership Statements - Tim Johnson, CEO of Health In Tech, emphasized the company's commitment to community support and the importance of initiatives like Community Foster Closet in making a meaningful difference in people's lives [3] - Lori Babcock, Chief of Staff at Health In Tech, highlighted the human impact of the initiative, stating that it provides hope and stability for families in challenging situations [4] Operational Insights - Community Foster Closet operates entirely through donations and a small team of four volunteers, showcasing the reliance on community generosity to sustain its operations [2][4] - The financial contribution from Health In Tech will be used to stock high-demand items, ensuring foster families have consistent access to essential goods throughout the year [3]