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Archives

Driverless cars aren’t meant to happen — at least not yet

May 21, 2018 | Written by John Sarich   It’s not just that a driverless car was responsible — as much as a piece of machinery can be responsible — for the fatal traffic accident in Arizona. It’s not just that there were 34 accidents involving driverless cars reported in California between 2014 and 2017.... Read more » by Irfan Shaik2018

Can InsurTechs Compete With Carriers and Agencies on Main Street?

April 09, 2018 | Written by John Sarich As an industry, insurance has always been a technology pioneer of sorts—so it comes as no surprise that in these halcyon days of digital commerce, more than 700 new insurance technology vendors, mostly startups, have recently come onto the scene, accounting for the phenomenon known as InsurTech.... Read more » by Irfan Shaik2018

Can data management technology help insurers reduce defense costs?

April 05, 2018 | Written by Gloria Camacho Can data management technology help insurers reduce defense costs? E-Discovery: Digitized files present an opportunity for insurers to get in front of pending legal actions, but the industry needs guidance regarding the collection and use of personal data. the use of advanced data management tools has allowed... Read more » by Ravi Pendyala2018

The role of automation in data security

Feb 21, 2018 | Written by Gloria Camacho Here's how automating can help carriers safeguard their compliance data How can large carriers better track their compliance? Most well-known large insurance companies have been using some form or mix of homegrown systems to track onboarding of their agents, which would require a lot of manual tracking... Read more » by Irfan Shaik2018

New tax reforms can open health insurance to innovation

Dec 26, 2017 | Written by John Sarich New tax reforms can open health insurance to innovation Even as the administration floundered over replacing ObamaCare, the proposed tax reforms have unwittingly kicked off the reinvention of the delivery of health care, a movement with which government wouldn’t normally have been involved. The biggest change under... Read more » by Irfan Shaik2017

Canadian insurance tech: The challenge of keeping pace

Dec 18, 2017 | Written by Gil Quesnelle Canadian insurance tech: The challenge of keeping pace The insurance market in Canada is expanding and changing. With the economic and climate-related rollercoaster we've been experiencing, insurers are, first, being expected to introduce new products to meet their customers' needs. According to the Insurance Bureau of Canada... Read more » by Ravi Pendyala2017

The NIPR Has Your Number

Sep 21, 2017 | Karen Machamer Many people confuse the NIPR with the PDB. They think the terms are interchangeable. In fact, though, one, the NIPR, is an industry organization. The other, the PDB, is a database of producer information. How can companies navigate these increasingly complex entities, and simplify the process of submitting and... Read more » by Irfan Shaik2017

Insurance Distribution Is Evolving Into a Core System

Aug 13, 2017 | John Sarich With technology advancements and expansion racing one another in the insurance industry, it’s becoming ever more evident that distribution is evolving into a core system. Insurers haven’t said so in as many words, but the tech analysts, usually at the vanguard of identifying trends, are suggesting that this is... Read more » by Ravi Pendyala2017

Driven To a Dilemma

May 02, 2017 | John Sarich  The moral issue of how a driverless car will respond to split-second, life-and-death situations is something that requires much more thought. In the daily drumbeat of news on driverless cars, one topic rarely comes up: the moral issue when making split-second judgments in the case of accidents. Why should... Read more » by Ravi Pendyala2017

How Insurers Can Save Money and Maintain Compliance – Part 1: Optimizing the Affiliated Agent Process

March 28, 2017 | Written by Karen Machamer Compliance has always been paramount for insurers. Licensing departments are not revenue generating: they spend money but they don’t get back anything in return. However, if you consider that without the licensing department ensuring that producers are appropriately licensed and appointed and have completed product training (if... Read more » by Karen Machamer2017