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The economy is slowing down: what does it mean for insurance companies? THE ECONOMY IS SLOWING DOWN: WHAT DOES IT MEAN FOR INSURANCE COMPANIES?

article

Apr 21, 2020

Since 2010, as countries waded out of the recession of 2008, they enjoyed economic growth. Coupled with technological innovation, the global economy really got a boost. But, mirroring Nature’s cycles, it seems it is now time to hit a plateau and slow down. In this article, we explore why the s...

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Social media intelligence for insurance? SOCIAL MEDIA INTELLIGENCE FOR INSURANCE?

article

Apr 21, 2020

In the financial services industry, reliance on big data has been increasing at a global level. The usage is not limited to marketing purposes alone but extends to fraud and risk prevention. Customer demand for personalised products is responsible for this shift. The future of insurance is also bein...

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How technology will transform life insurance HOW TECHNOLOGY WILL TRANSFORM LIFE INSURANCE

article

Apr 20, 2020

Do you know what the UK insurance industry is going through? A disruption that calls for complete metamorphosis. Not so different from what the whole world is going through at the moment. Crafting one-size-fits-all products and expecting them to sell like hotcakes is a huge misconception. Customers ...

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Covid-19 will make cyber and digital insurance policies more relevant than ever COVID-19 WILL MAKE CYBER AND DIGITAL INSURANCE POLICIES MORE RELEVANT THAN EVER

article

Apr 17, 2020

Kennedy's Elizabeth Bardsley discusses the risks brokers need to be aware of as more and more professionals work from home as a result of the coronavirus pandemic. As the insurance industry continues to grapple with the Covid-19 pandemic, many have begun to give thought to what lasting changes w...

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Coronavirus and insurance: threat or opportunity? CORONAVIRUS AND INSURANCE: THREAT OR OPPORTUNITY?

article

Apr 17, 2020

The world is facing an unprecedented situation like never before. In the span of a couple of weeks, a visually undetectable virus has wreaked havoc and driven everyone home. COVID-19 had led offices to close, the economy to slow down, and has isolated us in our homes. Zooming in on the insurance ind...

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10 Reasons COVID-19 Insurance Plan is a Must-have 10 REASONS COVID-19 INSURANCE PLAN IS A MUST-HAVE

article

Apr 16, 2020

Since we have launched the COVID-19 Insurance Plan on ETMONEY, our users have been insuring themselves against COVID-19 in huge numbers. And there is a good reason for that. While we are all taking precautions it is a smart idea to be prepared for any eventuality.But if you are someone who is still ...

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10 Most Impactful AI-based Insurance Innovations of 2019 10 MOST IMPACTFUL AI-BASED INSURANCE INNOVATIONS OF 2019

article

Apr 13, 2020

The year 2019 has been a benchmark in insurance innovations that brought in new value propositions to the industry. What’s more remarkable is — both traditional Insurers and Insurtechs are striving to offer simple, convenient, and value-added customer-centric products coupled with techno...

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How insurance companies are responding to COVID-19 HOW INSURANCE COMPANIES ARE RESPONDING TO COVID-19

article

Apr 13, 2020

Amid COVID-19, banks began offering mortgage deferrals and slashing credit card interest rates in half for cardholders who need relief. Home and auto insurance companies COVID-19 plans are now being released. How will this impact your insurance right now? How can you save on insurance during COVID-1...

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Insurance Chatbots: Optimizing Customer Experiences INSURANCE CHATBOTS: OPTIMIZING CUSTOMER EXPERIENCES

article

Apr 13, 2020

Artificial intelligence (AI) has changed the insurance industry – and customer service is no exception. One of the most common forms of AI are the use of chatbots, which Forbes defines as “software functionality that is designed to receive conversational input through text of voice and t...

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Are US health insurance companies covering COVID-19 patients? ARE US HEALTH INSURANCE COMPANIES COVERING COVID-19 PATIENTS?

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Apr 13, 2020

Alone among developed countries, the United States's healthcare system is not universal but run by for-profit health insurance companies. A former health insurance executive turned whistle-blower says the industry is expecting to do well during the coronavirus. While several companies in the US ...

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How Will COVID-19 Affect Insurtech HOW WILL COVID-19 AFFECT INSURTECH

article

Apr 13, 2020

It is common knowledge that there is virtually no industry that has been immune to the effects of COVID-19. The global pandemic has caused massive shifts in individual and industrial behavior and will continue to do so in the months, if not years, to come. The P&C industry, like many others, is ...

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5 Things Contractors Can Do About Insurance During Covid-19 5 THINGS CONTRACTORS CAN DO ABOUT INSURANCE DURING COVID-19

article

Apr 10, 2020

With the major impact of the COVID-19 outbreak, contractors appreciate the need for insurance coverage even more. You may be safely covered by Force Majeure and pandemic clauses in your policies. However, you may still be wondering how to deal with the associated costs related to the COVID-19 outbre...

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The Impact of COVID-19 on Insurance Companies THE IMPACT OF COVID-19 ON INSURANCE COMPANIES

article

Apr 09, 2020

The speed at which COVID-19 is impacting the economy is unprecedented. Like many businesses, insurance companies are facing unique challenges in this rapidly evolving situation. How insurers approach and respond to these challenges will influence their resiliency and ultimately how they will fare. I...

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BANKS CAN TEACH INSURERS HOW TO TURN DATA INTO PROFITS BANKS CAN TEACH INSURERS HOW TO TURN DATA INTO PROFITS

article

Apr 09, 2020

Open banking rules, particularly PSD2 regulations in Europe, have forced banks to share their customer information. Some progressive lenders have turned this threat to their businesses into a big opportunity. They’re using data-sharing ecosystems to reach more customers and launch new products...

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Does Your Business Interruption Insurance Cover COVID-19-Related Losses? Are You Sure? DOES YOUR BUSINESS INTERRUPTION INSURANCE COVER COVID-19-RELATED LOSSES? ARE YOU SURE?

article

Apr 08, 2020

The COVID-19 coronavirus emergency has everyone scared, and many are imagining the worst. For business owners and managers, there is a fear that what you, your employees, and your customers or clients have built will be lost – through no fault of your own. And we don’t know how long the ...

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Insurance not part of unemployment benefits, but there are options INSURANCE NOT PART OF UNEMPLOYMENT BENEFITS, BUT THERE ARE OPTIONS

video

Apr 08, 2020

As more and more people are laid off from work, many are worried about health insurance. It has led many of those people to question whether unemployment benefits include health insurance. They do not, but there are some health care options out there, but they may not be cheap. Kevin Holt, the chief...

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Do Entrepreneurs Need Business Insurance? DO ENTREPRENEURS NEED BUSINESS INSURANCE?

article

Apr 07, 2020

Being an entrepreneur is no piece of cake. You are going out on your own, venturing into a new industry and the future is unknown. Many factors will contribute to whether your new business will be a success or not. One of those factors is whether you purchase comprehensive business insurance from th...

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Insurance claims related to COVID-19 losses INSURANCE CLAIMS RELATED TO COVID-19 LOSSES

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Apr 07, 2020

The global impact of the COVID-19 pandemic has and will continue to adversely impact communities and businesses of all sizes. Thomas Heck, a Partner in the KPMG Forensic practice explains how sound loss management practices can significantly benefit organizations in recovering from the impact of COV...

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How Are Chatbots and Artificial Intelligence Are Adding Value To The Insurance Sector HOW ARE CHATBOTS AND ARTIFICIAL INTELLIGENCE ARE ADDING VALUE TO THE INSURANCE SECTOR

article

Apr 07, 2020

Chatbots are capable of providing one-on-one consultancy to website visitors, customers, as well as internal employees. In the insurance industry, this is vital, as it is a large, complex industry that customers and employees alike may have questions about. Where do chatbots fit in within the insura...

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3 MODERNIZATION OPTIONS FOR INSURERS 3 MODERNIZATION OPTIONS FOR INSURERS

article

Apr 07, 2020

The global outbreak of coronavirus has exposed an unpleasant truth: many insurers are stuck with legacy systems that prevent them from offering seamless digital experiences to their customers and/or employees. Even more damaging, they can’t lower operating costs at a time when claims are climb...

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Business insurance coverage in the COVID-19 era BUSINESS INSURANCE COVERAGE IN THE COVID-19 ERA

article

Apr 07, 2020

Businesses globally are reeling from the multiple impacts of COVID-19: lost revenue, expanded workers’ compensation claims, and potential third-party liability, to name a few. As the losses grow and uncertainty continues, businesses are turning to their insurers for coverage. Whether and to wh...

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How artificial Intelligence is changing insurance HOW ARTIFICIAL INTELLIGENCE IS CHANGING INSURANCE

article

Apr 04, 2020

Here, we present the global megatrends that risk disrupting the insurance industry, and look at some of the insurtechs using AI to succeed Insurance is an industry that thrives on predictability. The more certain the outcome, the more insurance firms can be sure to offer fair rates and generate valu...

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Hourly vs. Yearly Small Business Insurance HOURLY VS. YEARLY SMALL BUSINESS INSURANCE

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Apr 02, 2020

Short Term Business Insurance vs. Annual Policy? It’s the beginning of a new quarter, and more than ever, our small business clients are questioning their expectations, goals, and especially their costs or expenses. Even some of our own clients who are insured by other carriers are asking us h...

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Does Business Interruption Insurance Cover COVID-19 Closures? DOES BUSINESS INTERRUPTION INSURANCE COVER COVID-19 CLOSURES?

article

Apr 02, 2020

Our clients are asking us: Do commercial property and, specifically, business interruption insurance policies provide coverage for COVID-19-related losses? As discussed below, it is critical that you promptly review your company’s policies, exclusions and relevant endorsements to evaluate whet...

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Do Insurance Policies Cover Lost Income Due To Coronavirus? DO INSURANCE POLICIES COVER LOST INCOME DUE TO CORONAVIRUS?

video

Apr 02, 2020

John Lapointe from The Lapointe Insurance Agency answer the question; Do Insurance Policies Cover Lost Income Due To Coronavirus?

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AI is Real—and It’s Helping Corporate Legal and Insurance Claims Professionals AI IS REAL—AND IT’S HELPING CORPORATE LEGAL AND INSURANCE CLAIMS PROFESSIONALS

article

Apr 01, 2020

There’s been a lot of talk about artificial intelligence amongst those involved in the insurance technology (insurtech) and legal industries, and for very good reason. AI is a transformative technology that has the power to revolutionize how legal and claims litigation work is performed. Indee...

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Coronavirus is expected to drive up health insurance premiums and medical costs CORONAVIRUS IS EXPECTED TO DRIVE UP HEALTH INSURANCE PREMIUMS AND MEDICAL COSTS

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Apr 01, 2020

Yahoo Finance’s Adriana Belmonte joins Seana Smith to report on why the coronavirus could drive up costs for the U.S. health insurance system.

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Will Insurance Cover Business Interruption? WILL INSURANCE COVER BUSINESS INTERRUPTION?

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Apr 01, 2020

Millions of businesses across the nation are struggling to make ends meet, many facing significantly reduced or eliminated revenue streams. Will Business Interruption insurance fill the gaps created by the shutdowns?

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Will COVID-19 Disrupt the InsurTech Movement? WILL COVID-19 DISRUPT THE INSURTECH MOVEMENT?

article

Apr 01, 2020

If there is one thing that we have all learned with the spread of COVID-19, it is that there is virtually no industry that is immune to its impact. The global pandemic is disrupting the daily lives of individuals, the operations of businesses, the activities of governments, and even the approach of ...

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Digital transformation in the Insurance industry: are you there? DIGITAL TRANSFORMATION IN THE INSURANCE INDUSTRY: ARE YOU THERE?

article

Apr 01, 2020

The insurance industry is powered by vast and growing volumes of data and stands to benefit from eliminating the manual processes and workflows that other industries have already replaced. While the largest insurers can easily afford the new technologies and digital transformations necessary to stay...

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Does Business Insurance Cover Coronavirus Losses? DOES BUSINESS INSURANCE COVER CORONAVIRUS LOSSES?

article

Mar 31, 2020

People running businesses are scrambling to figure out how to deal with their financial losses and expenses from coronavirus COVID-19 business interruptions. Including me. I like sharing explainer Q&As with people who know more about subjects than I do and am using this blog post to share with o...

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How Is COVID-19 Impacting the Insurance Industry? HOW IS COVID-19 IMPACTING THE INSURANCE INDUSTRY?

article

Mar 30, 2020

As the COVID-19 situation unfolds, governments around the world have a responsibility to look after their people, and most are doing exactly that with the resources they have at hand. Apart from government bodies and healthcare establishments, in unforeseen circumstances such as this involving loss ...

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Working From Home: What You Need to Know About Insurance Coverage WORKING FROM HOME: WHAT YOU NEED TO KNOW ABOUT INSURANCE COVERAGE

article

Mar 30, 2020

During these unprecedented times, the everyday norm is shifting for most Americans. Commutes have become a simple walk down to the coffee maker instead of the usual 15-30 minute drive from home. With much of the workforce working remotely, likely from a home office, it is important that you are prot...

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Will COVID-19 Disrupt Insurtech? WILL COVID-19 DISRUPT INSURTECH?

article

Mar 29, 2020

If there is one thing that we have all learned with the spread of COVID-19, it is that there is virtually no industry that is immune to its impact. The global pandemic is disrupting the daily lives of individuals, the operations of businesses, the activities of governments and even the approach of c...

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Top 3 Challenges to Data Science and Machine Learning Adoption in Insurance TOP 3 CHALLENGES TO DATA SCIENCE AND MACHINE LEARNING ADOPTION IN INSURANCE

article

Mar 27, 2020

Hiring people with skills in machine learning is extremely difficult across industries due to a shortage of talent and skyrocketing demand. But the insurance industry is better positioned than most to overcome this challenge via upskilling. With tens (possibly hundreds) of statistics-minded actuarie...

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How insurers can use big data to manage the COVID-19 pandemic HOW INSURERS CAN USE BIG DATA TO MANAGE THE COVID-19 PANDEMIC

article

Mar 27, 2020

Insurers are stuck between a rock and a hard place. The recent COVID-19 pandemic has forced much of the world to grind to a halt. As companies struggle to manage the impacts on their supply chains and bottom line, greater pressure is placed on insurers to support their clients while also mitigating ...

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What Will My General Liability Insurance Cover? WHAT WILL MY GENERAL LIABILITY INSURANCE COVER?

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Mar 26, 2020

General liability insurance is one of the most important types of insurance you can buy to protect your business. It is a broad type of coverage that provides protection against general risks. General liability coverage protects you from third-party claims made against your business, such as bodily ...

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The Global Trends Shaping Insurance Industry in 2020 THE GLOBAL TRENDS SHAPING INSURANCE INDUSTRY IN 2020

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Mar 25, 2020

Find out the latest key trends that our experts and partners see in 2020 and adapt to new developments in this growing and expanding industry.

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Spring Cleaning Your Business Insurance SPRING CLEANING YOUR BUSINESS INSURANCE

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Mar 25, 2020

Spring cleaning can be more than clearing out some clutter in your home. There are numerous ways you can sort through and organize different aspects of your life. A commonly overlooked area of spring cleaning is your business insurance policies. It’s important to reevaluate your insurance cove...

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Insurance Implications of Cyber Security INSURANCE IMPLICATIONS OF CYBER SECURITY

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Mar 25, 2020

This AIMS Society developed, advanced CPIA Seminar explores how having the proper insurance coverage in place can make the difference in a company recovering or going out of business as the result of a cyber-attack. Cyber insurance is an evolving risk type and insurance agents must understand the sc...

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Building a strategy to address rising business insurance costs BUILDING A STRATEGY TO ADDRESS RISING BUSINESS INSURANCE COSTS

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Mar 25, 2020

As business insurance premiums rise, it's important for business owners to know there are several ways they can keep their costs under control. Learn about the 3 immediate steps you can take.

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Impact of Coronavirus on Life and Health Insurance Policies IMPACT OF CORONAVIRUS ON LIFE AND HEALTH INSURANCE POLICIES

article

Mar 25, 2020

Coronavirus has caused 9 deaths in India so far, with confirmed cases to touch the 600 mark soon. As numbers increase rapidly, how can health and life insurance policies come to your aid if you or your family member is tested covid-19 positive? Earlier this month, the Insurance Regulatory and Develo...

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Putting a price on protection: the importance of cyber insurance PUTTING A PRICE ON PROTECTION: THE IMPORTANCE OF CYBER INSURANCE

article

Mar 23, 2020

For almost as long as businesses have been subject to risk, some form of insurance has existed to mitigate their exposure. The first recorded commercial insurance policies date back to Babylonian times, and in the thousands of years since, the types of business cover available have multiplied expone...

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Why Your General Contractor Business Needs Workers Compensation Insurance WHY YOUR GENERAL CONTRACTOR BUSINESS NEEDS WORKERS COMPENSATION INSURANCE

article

Mar 22, 2020

Having Workers Compensation Insurance for general contractors is an important part of your business. Given the nature of their work, employees are at risk of getting injured, disabled or even worse. Your business uses a lot of resources to provide your employees with a safe working environment. Howe...

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InsurTech Talk - 5 Fundamentals for Embracing InsurTech INSURTECH TALK - 5 FUNDAMENTALS FOR EMBRACING INSURTECH

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Mar 20, 2020

There is a great deal of confusion around the term “insurtech”. Agents express frustration over what insurtech means and how it applies to them. Furthermore, the number of startups as well as legacy providers offering insurtech solutions adds to the confusion. Do these solutions apply to...

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What You Need to Know About Coronavirus and Medicare Coverage WHAT YOU NEED TO KNOW ABOUT CORONAVIRUS AND MEDICARE COVERAGE

article

Mar 20, 2020

Medicare Rights now has a flier with information about Medicare coverage and coronavirus.Congress passed legislation (H.R. 6201) that would waive all beneficiary cost sharing for coronavirus testing and the associated doctor’s office visit. The President is expected to sign the bill soon. Earl...

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The impact of Coronavirus on the insurance industry THE IMPACT OF CORONAVIRUS ON THE INSURANCE INDUSTRY

article

Mar 20, 2020

Unsurprisingly, that has had a knock on effect on financial service providers across the board and those in the insurance industry are no exception. In some cases insurers have started taking action to protect their businesses which, while sensible, left many consumers in the lurch as airlines faile...

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COVID-19: How Insurance Can Help Mitigate Business Losses through the Crisis COVID-19: HOW INSURANCE CAN HELP MITIGATE BUSINESS LOSSES THROUGH THE CRISIS

article

Mar 19, 2020

The COVID-19 outbreak is now a pandemic, affecting governments, businesses and individuals all over the world. As borders are closed, and day to day life is put on hold, it presents an unprecedented threat to the global economy and to the future viability of many businesses. Nevertheless, there are ...

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7 Business Models of the Future for Insurers 7 BUSINESS MODELS OF THE FUTURE FOR INSURERS

article

Mar 18, 2020

The insurance industry continues to be an enabler of innovation. Since its creation three centuries ago, it has become an essential part of the global economy — providing security and resilience to businesses and individuals alike. But the fundamentals of how it operates have barely changed. A...

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How is Customer Behaviour Changing in the Insurance Industry? HOW IS CUSTOMER BEHAVIOUR CHANGING IN THE INSURANCE INDUSTRY?

video

Mar 17, 2020

How is Customer Behaviour Changing? In this talk, Neil Gardner (CCO, Generali Asia), Arthur Lee (CEO, OneDegree) and Dr. Robin Kiera (Founder, Thought Leader & Influencer) talks about how Customer behaviour is driving change in all industries, and particularly how the insurance sector may adapt ...

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Can You Get Business Insurance without a Business License? CAN YOU GET BUSINESS INSURANCE WITHOUT A BUSINESS LICENSE?

article

Mar 16, 2020

Opening a business brings many questions, and the very fact that you’re interested in learning more about insurance for your company demonstrates your responsibility as an entrepreneur. In most cases, you don’t need to have your business license yet to purchase insurance for your company...

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How AI is transforming the Insurance Sector HOW AI IS TRANSFORMING THE INSURANCE SECTOR

article

Mar 16, 2020

The use of AI (Artificial Intelligence) is revolutionizing the working system of different industrial sectors and insurance is just one of them. Besides the insurtech companies that are vouching for AI tools, the traditional insurance companies too are now showing eagerness to shift their business p...

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How Prepared are Insurtechs Against the Threat of Coronavirus? HOW PREPARED ARE INSURTECHS AGAINST THE THREAT OF CORONAVIRUS?

article

Mar 13, 2020

The losses and costs resulting from the outbreak of coronavirus are estimated to be in the enormous sum of four trillion US dollars – but we don’t see this as reason to panic. Thanks to a mobile-first approach, technical infrastructure and direct sales, insurtechs are protected against t...

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How AI is bringing the insurance industry into the future HOW AI IS BRINGING THE INSURANCE INDUSTRY INTO THE FUTURE

article

Mar 12, 2020

Technology is advancing every day, and it’s disrupting industries from retail to manufacturing to insurance. It has become increasingly apparent that AI, blockchain and machine learning have the power to transform the future of business and the way people work and live. These new technologies ...

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Top Features of an Effective Claims Management System TOP FEATURES OF AN EFFECTIVE CLAIMS MANAGEMENT SYSTEM

article

Mar 12, 2020

Claims are a critical part of the insurance business. Even if your insurance company is not as big as Axa or Allianz, you need to have an efficient claims management system. Clients’ mindset and expectations are different from what they were 10 years ago. A recent survey called Insurance 2020:...

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How are InsurTechs, AI and Big Data changing the insurance industry? HOW ARE INSURTECHS, AI AND BIG DATA CHANGING THE INSURANCE INDUSTRY?

video

Mar 11, 2020

PwC’s Stephen O’Hearn (Global Insurance Leader) discusses the ways in which InsurTechs, AI and Big Data are changing the industry.

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Three insurtech trends to watch in 2020 THREE INSURTECH TRENDS TO WATCH IN 2020

article

Mar 11, 2020

As the technological transformation of the global business landscape continues, more and more industries are feeling the pressure to embrace the potential of digital solutions, or be consigned to the scrapheap. In the unending quest for legacy industries to stay agile and avoid disruption, leading e...

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How chatbots are driving insurtech HOW CHATBOTS ARE DRIVING INSURTECH

article

Mar 10, 2020

The first chatbot, called ELIZA, was built in 1966 by MIT professor Joseph Weizenbaum. It used a pattern matching system to simulate a human conversation and gave a series of scripted responses designed to have it play the role of a therapist. Today, chatbot technology is a vital part of the way tha...

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How AI will improve CX in insurance HOW AI WILL IMPROVE CX IN INSURANCE

article

Mar 10, 2020

How many times have you called customer service expecting a quick answer, but were instead passed around to a number of different people who didn’t have your full story, forcing you to repeat yourself unnecessarily? And how many times did this lead to a much longer-than-expected resolution? We...

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PROMOTING POSITIVE CULTURE WHEN ADOPTING INSURTECH PROMOTING POSITIVE CULTURE WHEN ADOPTING INSURTECH

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Mar 09, 2020

How can you promote a positive workforce culture to draw a younger generation of professionals to the insurance industry? A survey by SALT Associates and RGA Group Research explores how culture influences disability and life insurance claims operations in the US and Canada. Results indicate that ins...

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The role of wearables in private medical insurance THE ROLE OF WEARABLES IN PRIVATE MEDICAL INSURANCE

whitepaper

Mar 09, 2020

Ever since the rollout of electronic devices capable of measuring and recording various types of health data, private medical insurers have been carefully eyeing the potential usage of these devices. This paper discusses the implementation and practical uses of wearable technology in the private med...

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Consumer indifference is still a challenge for personal cyber insurers CONSUMER INDIFFERENCE IS STILL A CHALLENGE FOR PERSONAL CYBER INSURERS

whitepaper

Mar 09, 2020

Only about one in 10 connected Americans say they have insurance to help them recover from a cyberattack. And close to half do not know whether they have this protection, according to the Insurance Information Institute and J.D. Power 2020 Consumer Cyber Insurance and Security Spotlight Survey℠. Bec...

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Ins 101 Business Interruption INS 101 BUSINESS INTERRUPTION

video

Mar 09, 2020

This video provides an overview of business interruption insurance and reasons organizations of all kinds can benefit from this coverage.

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6 reasons to take out landlord insurance 6 REASONS TO TAKE OUT LANDLORD INSURANCE

article

Mar 09, 2020

Making the leap from homeowner to property investor comes with a unique set of challenges and opportunities. While many landlords try to minimize their outlay and maximize their return – and understandably so – insurance is the one essential expense you simply can’t afford to scrim...

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Is Your Small Business Protected by Cyber Insurance? IS YOUR SMALL BUSINESS PROTECTED BY CYBER INSURANCE?

article

Mar 06, 2020

The expenses resulting from a data breach can be staggering. A cyber insurance policy can help you recover without putting your business at financial risk. Cyber insurance can help small businesses recover from a data breach – but finding the right policy for your business can be challenging. ...

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Why Invest in Customer Care in Your Insurance Business WHY INVEST IN CUSTOMER CARE IN YOUR INSURANCE BUSINESS

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Mar 06, 2020

Companies choose to outsource some of their business processes as it helps reduce operational costs. The outsourcing industry also created thousands of jobs to help people. In fact, a huge percent of the working class is working on various BPO companies around the world. If it has pros, it also has ...

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How to Build a Brand for Your Insurance Business HOW TO BUILD A BRAND FOR YOUR INSURANCE BUSINESS

video

Mar 06, 2020

Are you ready to grow your online presence? You should be! The first step to growing your insurance business online is to outline a clear brand strategy. Gillan Boyer from The Brokerage Inc. explains how you can do this for your business in a way that is affordable and effective.

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WHAT ACCOUNTS FOR THE GROWTH IN PRIVATE HEALTH INSURANCE SPENDING? WHAT ACCOUNTS FOR THE GROWTH IN PRIVATE HEALTH INSURANCE SPENDING?

infographic

Mar 05, 2020

Hospital care is the largest contributor to commercial health insurance spending growth - 42% of the increase since 2016. The growth in spending due to hospitals is more than twice that of the growth due to physician services and administrative costs, and ten times that of prescription drugs and nur...

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Life Insurance Technology - Past, Present & Future LIFE INSURANCE TECHNOLOGY - PAST, PRESENT & FUTURE

video

Mar 05, 2020

In this episode, we welcome back Tom Scales, head of the life and annuity practice at Celent. Tom shares his thoughts on life insurance technology for the decade past, the current landscape, and the decade ahead. Tom has his finger on the pulse of the industry like few others, and is always a fascin...

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Data & Analytics: An Insurance Perspective DATA & ANALYTICS: AN INSURANCE PERSPECTIVE

article

Mar 05, 2020

Technology has changed the way we live our lives and, as a consequence, the way we do business. Within the span of barely a decade, the smartphone has become almost part of us and the use of mobile apps and digital interactions have contributed to many industries transforming their operations.

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How Insurance Industry Can Better Leverage the Potentials of Big Data? HOW INSURANCE INDUSTRY CAN BETTER LEVERAGE THE POTENTIALS OF BIG DATA?

article

Mar 05, 2020

The insurance sector has largely been driven by data to drive the dynamics of the industry for several years. However, advances in technology now have led to a broad range of solutions to assess large volumes of information for useful patterns. So, in order to succeed and remain competitive in the e...

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What’s Driving Innovation and Transformation in Insurance? WHAT’S DRIVING INNOVATION AND TRANSFORMATION IN INSURANCE?

article

Mar 05, 2020

According to Gartner analyst Kimberly Harris-Ferrante, in the report Innovation Insight for Artificial Intelligence in Life and P&C Insurance*, “Adoption and maturity of AI are increasing among insurance early adopters as they test new use cases and technologies. Insurance CIOs can benefit...

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Insurance Trends CEOs Need to Act on to Drive High-Value Creation INSURANCE TRENDS CEOS NEED TO ACT ON TO DRIVE HIGH-VALUE CREATION

video

Mar 05, 2020

As part of her stop in India, BCG’s Global Leader, Pia Tischhauser meets with Managing Director and Partner Pranay Mehrotra to gain more significant insights into trends CEOs need to act on to succeed in the insurance industry. Pranay shares five key insights that apply to insurers globally an...

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INSURING FARM VEHICLES: DO I NEED COMMERCIAL AUTO INSURANCE OR AGRIBUSINESS INSURANCE? INSURING FARM VEHICLES: DO I NEED COMMERCIAL AUTO INSURANCE OR AGRIBUSINESS INSURANCE?

article

Mar 05, 2020

If you are in the field of agriculture, agribusiness insurance can help protect your entire business, including your farm equipment. If you have vehicles used on your farm or in your business, you will likely want to include commercial vehicle insurance in your agribusiness insurance package. Our kn...

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Claims - the final frontier for insurtechs CLAIMS - THE FINAL FRONTIER FOR INSURTECHS

article

Mar 04, 2020

What is the insurtech difference when it comes to claims? Jonathan Swift mulls on how the Next Generation is starting to figure this out “The claims experience is really critical to our brand and making sure that customers are saying Digital Risks is who I am insured with. Whilst others strugg...

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Do you have the RIGHT insurance coverage for your business? DO YOU HAVE THE RIGHT INSURANCE COVERAGE FOR YOUR BUSINESS?

video

Mar 04, 2020

Has your business insurance agency crafted a policy that's CUSTOMIZED to your unique needs? Does your agent review and update your policy each year so that it reflects new risks and policy options? The Phil Klein Insurance Group's experts will always make sure your business is properly cover...

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6 mistakes small business owners make when filing insurance claims 6 MISTAKES SMALL BUSINESS OWNERS MAKE WHEN FILING INSURANCE CLAIMS

article

Mar 04, 2020

Failing to contact your business insurance provider immediately after an accident, not documenting property damage, and admitting fault for an incident can affect your claim amount or whether you’ll be covered at all. Risk comes in many forms for small businesses. Natural disasters, client inj...

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How is automation changing the way insurance companies work? HOW IS AUTOMATION CHANGING THE WAY INSURANCE COMPANIES WORK?

article

Mar 03, 2020

Job automation has shaped cultures and economies since before the agricultural revolution, throughout industrial revolutions and into the current digital age. The insurance industry is not immune, with automation and innovation continuing to drive the scope for significant change. Traditional automa...

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Do I Need Professional Liability or E&O Insurance in Massachusetts? DO I NEED PROFESSIONAL LIABILITY OR E&O INSURANCE IN MASSACHUSETTS?

article

Mar 03, 2020

In a nutshell, Errors and Omissions (E&O) insurance is a professional liability insurance policy created to protect professionals, employers, and employees from claims of inadequate work or negligence. Here in Massachusetts, it’s a useful policy for professionals who work with contracts, f...

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Does Business Insurance Cover Loss of Income from The Corona Virus? DOES BUSINESS INSURANCE COVER LOSS OF INCOME FROM THE CORONA VIRUS?

video

Mar 03, 2020

There's a lot of questions revolving around business interruption, slowdowns and shutdowns of business due to the Covid-19 or Corona Virus. We dive into those issues in this video. Gordon Coyle is the CEO and Senior Risk Architect of The Coyle Group, a New York based insurance brokerage and risk...

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What Every CISO Needs to Know About
Cyber Insurance WHAT EVERY CISO NEEDS TO KNOW ABOUTCYBER INSURANCE

whitepaper

Mar 02, 2020

Decades ago, a group of merchants created a concept of general average—which is when all parties in a maritime venture share in losses resulting from a sacrifice of cargo in an emergency. What this group fashioned in 1890 was a method for merchants to insure their shipped goods. Upon landing, ...

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A 3-Step Guide to Insurance Transformation A 3-STEP GUIDE TO INSURANCE TRANSFORMATION

whitepaper

Mar 02, 2020

The insurance industry is operating in an age of radical disruption. Traditional insurers are no longer safe, with insurtechs challenging incumbents to rethink their business and operating models. The diversification of product offerings and ever-growing price competitiveness mean that customer expe...

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What is Fiduciary Liability in Business? WHAT IS FIDUCIARY LIABILITY IN BUSINESS?

article

Mar 02, 2020

Fiduciary liability coverage, also known as management liability insurance, was formed to protect businesses against costly claims that are born out of a breach in fiduciary duty. This policy, in essence, protects employers against liabilities for managing employee benefits. For businesses carrying ...

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Online Business Insurance & Why It Matters for Entrepreneurs ONLINE BUSINESS INSURANCE & WHY IT MATTERS FOR ENTREPRENEURS

article

Mar 02, 2020

If you’re a new online entrepreneur, I’m sure you’ve realized how much there is to read up on and prepare for when it comes to being ready to successfully run a business on your own. One of those big things that so many people overlook are the different types of insurance you need ...

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Insurtechs are using Digital infrastructure to deliver the products of tomorrow INSURTECHS ARE USING DIGITAL INFRASTRUCTURE TO DELIVER THE PRODUCTS OF TOMORROW

video

Mar 02, 2020

At the 2019 SCOR Annual Conference, Adrian Jones, Deputy CEO of SCOR P&C Partners, spoke with the heads of data science from two SCOR partners: Andy Mahdavi of States Title and Arnaud Alepee of Hokodo.

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7 Warnings About Guaranteed Issue Life Insurance 7 WARNINGS ABOUT GUARANTEED ISSUE LIFE INSURANCE

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Feb 28, 2020

Think of this as your overview to GI. Guaranteed issue policies are unique, so you will want to have a clear understanding of what you are buying. There are 7 important warnings you need to know about guaranteed issue life insurance.

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Does Your Company Need Cyber Insurance to Address Breach Risk? DOES YOUR COMPANY NEED CYBER INSURANCE TO ADDRESS BREACH RISK?

video

Feb 28, 2020

Car insurance, health insurance, life insurance -- what about cyber insurance? Listen as Sherri Davidoff, author of Data Breaches: Crisis and Opportunity, shares her take on cyber insurance and why companies need it. Businesses are reluctantly beginning to agree that no organization is immune to sec...

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Why Do You Need Business Insurance Now? WHY DO YOU NEED BUSINESS INSURANCE NOW?

article

Feb 27, 2020

Every business has different dynamics. Thus, it becomes imperative that business owners have sufficient measures to safeguard against any unforeseen risk in the future. Regardless of your business size, there are always certain risks involved. Business insurance proves to be an extremely crucial too...

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What does the landlord insurance cover? WHAT DOES THE LANDLORD INSURANCE COVER?

article

Feb 27, 2020

Owning real estate is a great way to build long-term wealth. For those that are in the Selden, NY area and would like to build personal equity, getting an investment property could be a great option. If you do own a rental real estate asset, you need to consider your unique insurance needs. To ensur...

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Ins 101 Commercial Umbrella Insurance INS 101 COMMERCIAL UMBRELLA INSURANCE

video

Feb 26, 2020

This video provides an overview of commercial umbrella insurance and reasons organizations of all kinds can benefit from this coverage.

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8 Types of Business Insurance Your Company Should Consider Having 8 TYPES OF BUSINESS INSURANCE YOUR COMPANY SHOULD CONSIDER HAVING

article

Feb 26, 2020

Financial losses from a product defect, data breach, serious illness or work-related automobile accident can force business owners to close their doors if they're not prepared. The cost of an unexpected event can be substantial. Hiscox quotes a 2014 study of small business owners, saying the ave...

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Best Business Insurance for 2020 BEST BUSINESS INSURANCE FOR 2020

article

Feb 26, 2020

Hopefully, you’ll never have to use your business insurance. But just like car insurance or health insurance, protecting your business from unexpected situations is crucial. However, 44% of small business owners don’t have insurance. This statistic is shocking. If you’re uninsured ...

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What is the Primary Source of Innovation in the Insurance Industry? WHAT IS THE PRIMARY SOURCE OF INNOVATION IN THE INSURANCE INDUSTRY?

video

Feb 26, 2020

Let’s talk trends! What are the main trends that you are following in the area of innovation? In this talk, Sandor Weyers, CEO of Sandor Weyers Elite Coaching chats with Scarlett Chen (Managing Director of Ecosystems and Regional Director of Strategic Partnerships and Investments, Prudential P...

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Why Germany Is Becoming a Global Hotspot for InsurTech Firms WHY GERMANY IS BECOMING A GLOBAL HOTSPOT FOR INSURTECH FIRMS

article

Feb 25, 2020

For the uninitiated, insurance technology, or InsurTech, is the system of tools and technological innovations that are used to drive improved efficiency compared to older insurance industry models. In 2019, Germany had already begun to position itself as the de-facto hub for InsurTech firms, largely...

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WHY CUSTOMER EXPERIENCE MATTERS FOR INSURANCE COMPANIES WHY CUSTOMER EXPERIENCE MATTERS FOR INSURANCE COMPANIES

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Feb 25, 2020

Customer experience (CX) has risen to a new level of importance in the insurance industry. Sure, customers still value price — but it’s not the only consideration. They also want a brand that builds trust and shows they care about their customers. In fact, a recent study by Accenture fou...

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A digital divide? A DIGITAL DIVIDE?

whitepaper

Feb 24, 2020

Commercial property insurance providers find themselves operating in unpredictable conditions, with political and economic uncertainty having negative impacts on business activity in almost every industry. The retail sector is under particular pressure, but there are also significant problems in the...

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3 ways AI is transforming the insurance industry 3 WAYS AI IS TRANSFORMING THE INSURANCE INDUSTRY

article

Feb 24, 2020

As AI, big data, and the internet of things (IoT) find their way into every aspect of our lives, many industries are undergoing a transformation. “Insurance executives believe that artificial intelligence (AI) will significantly transform their industry in the next three years, with insurers i...

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How We Make Decisions About the Investments That Back Our Insurance HOW WE MAKE DECISIONS ABOUT THE INVESTMENTS THAT BACK OUR INSURANCE

video

Feb 24, 2020

When you’re considering life insurance or an annuity, many of the products you’ll find will guarantee a certain level of growth. For instance, the accumulated cash value (which you can use during your life) and death benefit within a whole life insurance policy are guaranteed to grow, an...

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What is the Expense Ratio for an Insurance Company? WHAT IS THE EXPENSE RATIO FOR AN INSURANCE COMPANY?

article

Feb 24, 2020

Providing financial security to its consumers is the ultimate aim of an insurance company. However, sustaining its own capability to finance its customers becomes its priority. To measure the financial sustainability, insurance companies use various different methods and techniques. Among them, the ...

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Accredited Advisor in Insurance(AAI)- The Next Step for Insurance Producers ACCREDITED ADVISOR IN INSURANCE(AAI)- THE NEXT STEP FOR INSURANCE PRODUCERS

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Feb 23, 2020

Have you ever found yourself positioned against too many competing agents who have similar qualifications to yours? Have you ever been in a situation where your leads are looking for an AAI designated insurance producer? It comes as no surprise that the insurance market is a competitive one and is e...

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6 insurtech predictions for the 2020s 6 INSURTECH PREDICTIONS FOR THE 2020S

article

Feb 21, 2020

The insurtech movement has been underway for the better part of a decade. Now that we have entered the 2020s, it might be worth exploring what could be on the horizon for insurtech over the next ten years. Insurtech has evolved from its origins in the early part of the last decade (as an offshoot of...

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Does Your Firm Need Business Auto Coverage? DOES YOUR FIRM NEED BUSINESS AUTO COVERAGE?

article

Feb 21, 2020

Does your law firm have a business auto insurance policy? It should, if there are vehicles registered under your law firm’s name. The policy could also cover your firm when you or your employees use a personal or rented vehicle for firm errands, deliveries and other business purposes. In fact,...

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INSURTECH AND RISK MANAGEMENT: RESHAPING RISK SCORING AND UNDERWRITING INSURTECH AND RISK MANAGEMENT: RESHAPING RISK SCORING AND UNDERWRITING

article

Feb 21, 2020

The vibrant combination of insurance services and technical innovation takes a swing at the insurance sector. Let’s look at the current state of the market and how it pushes insurers toward rethinking risk scoring and underwriting procedures. In a global sense, the insurance industry is safe a...

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The Impact of InsurTech on the Property/Casualty Sector THE IMPACT OF INSURTECH ON THE PROPERTY/CASUALTY SECTOR

article

Feb 20, 2020

The latest figures from a Willis Towers Watson report shows that investment in insurance technology, or InsurTech, reached an all-time high in 2019 at $6.37 billion, with funding in the Property/Casualty sector representing the lion’s share over its Life/Health counterpart. InsurTech is design...

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The race-based inequalities in health insurance and health outcomes THE RACE-BASED INEQUALITIES IN HEALTH INSURANCE AND HEALTH OUTCOMES

video

Feb 20, 2020

In the United States, there are significant racial disparities in access to health coverage and in health outcomes. People of color are far more likely to be uninsured in America, due in part to several states’ refusal to expand Medicaid. The infant and maternal mortality rates for Black babie...

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DISRUPTING INSURANCE Innovation Program in InsurTech DISRUPTING INSURANCE INNOVATION PROGRAM IN INSURTECH

video

Feb 19, 2020

BNP Paribas Cardif disrupts Insurance sector supporting the most innovative solutions at the market; and empowering new generation of startups and entrepreneurs reshape InsurTech and Insurance infrastructure.

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2020: Winning in the Digital Revolution of Insurance 2020: WINNING IN THE DIGITAL REVOLUTION OF INSURANCE

article

Feb 19, 2020

Technology, consumer demand, new competition, and changing market dynamics are revolutionizing the insurance industry. The increased pace of innovation and change has challenged traditional insurance practices and created a new age of insurance defined by greater connectivity and automation. Technol...

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How Big Data is Impacting Client Expertise in Insurance Industry? HOW BIG DATA IS IMPACTING CLIENT EXPERTISE IN INSURANCE INDUSTRY?

article

Feb 19, 2020

Big data has helped the financial services industry, including with the insurance industry, evolve like never before. Maximum count of traditional insurers and insurance corporations are preferring big data analytics to boost client expertise. Moreover, insurers are utilizing massive big data to its...

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Next-Generation Legal Operations NEXT-GENERATION LEGAL OPERATIONS

whitepaper

Feb 19, 2020

Learn about the strategies legal operations professionals are adopting to address today’s challenges.

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Building an Impactful Insurer BUILDING AN IMPACTFUL INSURER

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Feb 18, 2020

What are the key lessons learned while building an impactful insurer among strict regulation and entrenched incumbents? In this talk, Lydia Ramsey (Senior Health Reporter at Business Insider) chats with Vivek Garipalli (CEO of Clover Health) on the journey of creating a health insurer. They discuss ...

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Can AI Solve Health Insurance Fraud? CAN AI SOLVE HEALTH INSURANCE FRAUD?

article

Feb 18, 2020

Insurance fraud scams seem to make the news at least every month, as organized criminals seek to exploit the way insurers reimburse clinics, pharmacies and other providers for their services. What’s often shocking is how much money fraudsters can steal from insurers before they’re caught...

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A Better Way to Reach Your Firm’s Goals in 2020 A BETTER WAY TO REACH YOUR FIRM’S GOALS IN 2020

whitepaper

Feb 18, 2020

Taking the steps necessary to grow your law practice can be daunting. Realizing your success requires a clear documented vision with carefully planned and executed steps to achieve your goals. Need more convincing? The proof is in the numbers: A Harvard Business Study found that the 3% of graduates ...

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AI and Virtual Assistant for Insurance Sector: 10 Ways to Maximise Performance AI AND VIRTUAL ASSISTANT FOR INSURANCE SECTOR: 10 WAYS TO MAXIMISE PERFORMANCE

article

Feb 17, 2020

Evolution in business concepts and implementation of the latest technology trends are driving the thriving growth of businesses. Among all, artificial intelligence is best known to transform a business by automating the processes and making the tasks seamless. And the inventions like virtual assista...

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Automation for the Future of Insurance: Enabling the Ecosystem AUTOMATION FOR THE FUTURE OF INSURANCE: ENABLING THE ECOSYSTEM

article

Feb 17, 2020

During InsurTech Connect 2019, the world’s largest gathering for the insurance industry, I had the opportunity to meet and talk about the future of insurance with executives, thought leaders, analysts, consultants, and tech providers. In an interesting discussion with Seth Rachlin, chief innov...

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IoT Combined With AI? A Revolution IOT COMBINED WITH AI? A REVOLUTION

article

Feb 17, 2020

Data is the foundation of insurance, and two emerging technologies, the Internet of Things (IoT, and artificial intelligence (AI), are making that foundation more useful than ever. IoT allows internet-connected devices to send and receive real-time data. Insurers are increasingly using IoT data to s...

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Technology and Disruption in the Insurance Sector TECHNOLOGY AND DISRUPTION IN THE INSURANCE SECTOR

video

Feb 17, 2020

Digital technology is transforming how the insurance industry works. Digital capabilities like AI, ML and data analytics are continuing to disrupt traditional models of claims filing, processing and management. To talk about the top trends transforming the industry:

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Technology for Insurance Agents in 2020 TECHNOLOGY FOR INSURANCE AGENTS IN 2020

video

Feb 14, 2020

On this episode of Insurance Marketing Brain Dump Podcast, Keagan Henson of BriteBee is at the Insurtech Connect Conference to talk with Ron Glozman, the CEO and founder of Chisel AI, about insuranceagents and insurancemarketers utilizing Chisel AI, a technology for insurance agents in 2020.

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Will Digital Overload Turn Consumers Away From Insurtech Products? WILL DIGITAL OVERLOAD TURN CONSUMERS AWAY FROM INSURTECH PRODUCTS?

article

Feb 14, 2020

Despite consumers never having had so much choice of technology, media and telecommunications (TMT) products and services, many UK households are becoming overwhelmed by the prospect of switching provider, which is leading to apathy among consumers. This kind of weariness with online tech could well...

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How InsurTech-Insurance Partnership Delivers New Product Innovations HOW INSURTECH-INSURANCE PARTNERSHIP DELIVERS NEW PRODUCT INNOVATIONS

article

Feb 14, 2020

In 2019, InsurTech funding reached $6 billion, acknowledging the pace that technology can bring to overcome the age-old Insurance problems, the State of AI in Insurance 2020 says. While Incumbents are known for their core competencies in end-to-end insurance processes (from underwriting to claims se...

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The State of Insurance Fraud Technology THE STATE OF INSURANCE FRAUD TECHNOLOGY

whitepaper

Feb 12, 2020

For the third consecutive time in six years, insurers report increasing amounts of suspected fraud. Nearly three-quarters of insurers that participated in the 2018 survey say fraud has increased either significantly or slightly, an 11-point increase since 2014. Anti-fraud technology is seen as a maj...

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RPA in Insurance: 6 Tips for Success RPA IN INSURANCE: 6 TIPS FOR SUCCESS

article

Feb 12, 2020

It’s not hard to understand the appeal of Robotic Process Automation, or RPA, in insurance: by automating mundane, repetitive tasks like data entry, it can reduce costs and cut cycle times while freeing employees to focus on providing better service to customers. Over the past few years, I&rsq...

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Why use an insurance broker WHY USE AN INSURANCE BROKER

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Feb 12, 2020

With the introduction of price comparison sites, business owners can find insurance quotes within minutes by answering a few simple questions. For someone who doesn’t have a lot of time or is looking for a cheap quote, these sites work well, but do they meet your insurance needs? Take a look a...

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The role of AI in enhancing claims experience for Insurance customers THE ROLE OF AI IN ENHANCING CLAIMS EXPERIENCE FOR INSURANCE CUSTOMERS

article

Feb 12, 2020

Insurance customers are most vulnerable when they file a claim. Be it life or general insurance, claims are filed in distress. This is also a critical moment for Insurers. The claims experience they deliver determines customer loyalty, which also influences referral customers in the long run. In the...

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How to get life insurance if underweight HOW TO GET LIFE INSURANCE IF UNDERWEIGHT

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Feb 11, 2020

Weight is an important factor when it comes to getting your life insurance application approved. In fact, it could be just as challenging to obtain life insurance if underweight, as if you weigh a few extra pounds. We wanted to take the time and touch on this topic. In this guide, we would outline s...

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What Does The Future Of Insurance Sales Look Like? WHAT DOES THE FUTURE OF INSURANCE SALES LOOK LIKE?

video

Feb 11, 2020

What will the insurance industry look like in 2 years, 5 years, or even 10 years? In this clip of the 8% Nation Podcast, Brandon Clay explains where he thinks the insurance industry is headed and how NOT TO BE a "dinosaur" in this industry. He also talks about the importance of networking ...

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5 Deep Learning Use Cases for the Insurance Industry 5 DEEP LEARNING USE CASES FOR THE INSURANCE INDUSTRY

article

Feb 11, 2020

In 2010, with the launch of the Image Net Competition, a vast dataset of about 14 million labeled images was made open-source to inspire the development of cutting-edge image classifiers. This was when Deep Learning technology got it’s a real breakthrough and since then there’s been no l...

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Business insurance for small business BUSINESS INSURANCE FOR SMALL BUSINESS

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Feb 10, 2020

The business environment is full of uncertainties and incidences that could potentially hurt your business at some point. It is critical that as a business owner, you take proper steps that will help you cushion your small business against any potential risk like supply chain interruption, physical ...

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Insurance for Business Owners - Do You Know the Difference? INSURANCE FOR BUSINESS OWNERS - DO YOU KNOW THE DIFFERENCE?

video

Feb 10, 2020

The confusion between Professional Liability insurance, Errors & Omissions, and Commercial Umbrella insurance can be cleared up by consulting with V.F. McNeil Insurance, a local Trusted Choice independent insurance agent. Be sure your business has the proper insurance protection.

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DOES YOUR INSURANCE COMPANY ACTUALLY NEED BLOCKCHAIN RIGHT NOW? DOES YOUR INSURANCE COMPANY ACTUALLY NEED BLOCKCHAIN RIGHT NOW?

article

Feb 10, 2020

Blockchain has great potential to create value for insurance organizations. But these are the three questions to ask before you make the investment. In my last post, I spoke about why teamwork is the key to unlocking blockchain’s true value. Today I want to talk about the key things to conside...

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3 Trends Shaping the InsurTech Market in 2020 3 TRENDS SHAPING THE INSURTECH MARKET IN 2020

article

Feb 08, 2020

The global InsurTech market is projected to grow by $15.63 billion, during the forecast period 2019-2023, according to Technavio. Market experts predict that the use of Big Data and artificial intelligence will propel growth at a CAGR of about 41%. With digital technologies such as embedded analytic...

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Data and digitization: how insurers can deliver a great customer experience DATA AND DIGITIZATION: HOW INSURERS CAN DELIVER A GREAT CUSTOMER EXPERIENCE

article

Feb 07, 2020

Insurtech is revolutionizing the way people access insurance and how insurers reach potential customers. But how does that translate to more sales, increased retention rates and an improved customer experience? Technology that embraces data is the linchpin for success in a world where consumers dema...

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Future of Insurance Is… Not Insurance FUTURE OF INSURANCE IS… NOT INSURANCE

article

Feb 07, 2020

The classical insurance business model has been successful for a long time but does not stack up to modern standards. Nowadays, just a policy no longer provides the best solution for managing risks. Why wait until something happens, when the technology and data are available to actually reduce the c...

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The future of insurance and cryptocurrency THE FUTURE OF INSURANCE AND CRYPTOCURRENCY

article

Feb 07, 2020

Digital assets – cryptocurrencies in particular – have traditionally been met with scepticism by many in finance. Whilst the tide is slowly turning, many still believe that Bitcoin and its competitors are a less credible asset class than traditional financial products. Building contractu...

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Helpful Business Insurance Tips HELPFUL BUSINESS INSURANCE TIPS

video

Feb 07, 2020

As a business owner, you don't think about what kind of accidents, natural disasters, or lawsuits could damage your business until it happens. Please don't wait for it to happen and contact us now. Our licensed commercial insurance agents can help you find the right policies that match your ...

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Evolution of Big Data and What Promise Does it Hold for Insurance? EVOLUTION OF BIG DATA AND WHAT PROMISE DOES IT HOLD FOR INSURANCE?

article

Feb 06, 2020

The insurance industry in India is at the forefront of economic development, not to mention economic resilience and protection of businesses and people. Over the last decade, gross written premiums have grown at an annual rate of over 7% pushing this sector into the group of large insurance economie...

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What is Umbrella Insurance? Find Out Here!! WHAT IS UMBRELLA INSURANCE? FIND OUT HERE!!

video

Feb 06, 2020

Nik Ludwig of Dolliff Insurance sits down with Scot Pekarek of Verde Real Estate Group to talk more about Umbrella Insurance. An Umbrella policy offers protection over and above your regular insurance policy. This policy gives you additional coverage on your property. Check this video out for furthe...

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How cloud simplifies complex risk and insurance environments HOW CLOUD SIMPLIFIES COMPLEX RISK AND INSURANCE ENVIRONMENTS

article

Feb 05, 2020

Managing risks and insurance across a single business is difficult. To do so across numerous entities is orders of magnitude harder. The information has to be drawn from different stakeholders, each with their own capturing and reporting standards. Instead of an orchestra, risk and insurance manager...

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A Smart Way to Share the Risk in Subrogation and Reinsurance Cases A SMART WAY TO SHARE THE RISK IN SUBROGATION AND REINSURANCE CASES

article

Feb 05, 2020

For insurers and their outside counsel, litigation finance can offer creative ways to pursue subrogation and reinsurance claims that otherwise may have been left behind. Insurers have rights of subrogation that allow them to try to recoup the costs they have paid out to a policy holder from a respon...

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NEW RESEARCH POINTS TO BIG CHANGES IN INSURANCE INDUSTRY DISRUPTION NEW RESEARCH POINTS TO BIG CHANGES IN INSURANCE INDUSTRY DISRUPTION

article

Feb 05, 2020

Now that the new year is underway, I thought it was a good time to share some recent research that has important implications for the insurance industry. Accenture Research recently updated its influential Disreputability Index. This cross-industry research, which surveyed more than 10 000 companies...

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Chatbot for Insurance CHATBOT FOR INSURANCE

video

Feb 05, 2020

Did your know one-third of the insurance business is expected to be generated via digital channels in the next 5 years. The companies that leverage AI-driven customer data for chatbots shall flourish far into the future.

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A Better Way to Reach Your Firm’s Goals in 2020 A BETTER WAY TO REACH YOUR FIRM’S GOALS IN 2020

whitepaper

Feb 05, 2020

Taking the steps necessary to grow your law practice can be daunting. Realizing your success requires a clear documented vision with carefully planned and executed steps to achieve your goals. Need more convincing? The proof is in the numbers: A Harvard Business Study found that the 3% of graduates ...

Read More

Why Does My Insurance Go Up? WHY DOES MY INSURANCE GO UP?

infographic

Feb 04, 2020

Do you know the difference between a Hard Insurance Market vs a Soft Insurance Market and the impact it has on your insurance rates? Check out the info-graphic below explaining the difference between the two. Soft insurance markets tend to lead to good conditions for buying insurance, while hard mar...

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WTH... is Insurance? WTH... IS INSURANCE?

video

Feb 04, 2020

Welcome to our Insurance Vlog called "WTH..." We are going to help answer your insurance questions and why insurance matters. Insurance is a word not many people like. We might not necessarily want it but we sure as hell need it. Hopefully, we will never need to use it, but if you drive a ...

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Out of necessity, invention: the future of insurance OUT OF NECESSITY, INVENTION: THE FUTURE OF INSURANCE

article

Feb 04, 2020

The current disruption in the insurance market isn’t just down to new technologies and the recent changes in regulation: it’s a product of more fundamental social and economic change. The biggest opportunities now lie with insurers who best understand what customers want and have the dig...

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Best practices for increasing policyholder retention and satisfaction BEST PRACTICES FOR INCREASING POLICYHOLDER RETENTION AND SATISFACTION

whitepaper

Feb 03, 2020

The U.S. property and casualty (P&C) insurance market continues to rank among the most competitive in the world, and the competition is only getting stiffer. In an effort to differentiate themselves from the competition, many insurance carriers have turned to aggressive pricing in the form of lo...

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10 Disruptive Trends That Are Impacting The Insurance Industry 10 DISRUPTIVE TRENDS THAT ARE IMPACTING THE INSURANCE INDUSTRY

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Feb 03, 2020

10 Disruptive Trends That Are Impacting The Insurance Industry: As we move into a new decade, several risk trends are starting to emerge that could potentially disrupt the insurance industry.

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7 Reasons Why Insurance Rates Go Up 7 REASONS WHY INSURANCE RATES GO UP

article

Feb 03, 2020

Contrary to popular belief your insurance rate isn’t ONLY affected by what YOU do during your last policy term. Insurance carriers may need to make rate changes when you renew. These means they change the rate they are charging everyone in a specific area. Sometimes it’s a small adjustme...

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The Insurance Impacts of 2019 Novel Coronavirus THE INSURANCE IMPACTS OF 2019 NOVEL CORONAVIRUS

whitepaper

Feb 02, 2020

The outbreak of 2019 Novel Coronavirus (2019- nCoV), in Wuhan City, Hubei Province of China, has prompted questions of how insurance policies might respond to claims stemming from business losses attributed to this infection prompting this White Paper. The primary virus infection, which can result i...

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Auto Insurance Quick Facts: Types of Coverage in Florida AUTO INSURANCE QUICK FACTS: TYPES OF COVERAGE IN FLORIDA

infographic

Jan 31, 2020

Since FL law only requires PIP coverage, many people don’t realize their insurance doesn’t provide the coverage they need until it’s too late. Here are a few things you need to know about accident coverage in the state of Florida.

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3 ways Insurtech is Disrupting the Insurance Industry with Data and Probabilities 3 WAYS INSURTECH IS DISRUPTING THE INSURANCE INDUSTRY WITH DATA AND PROBABILITIES

video

Jan 31, 2020

In this video, we are exploring the Insurtech landscape. It's the perfect environment for using data to disrupt incumbent, as unlike other industries insurance is based on probability and numbers. The 3 disruption mechanisms used by insurtech that we explore in this video are: positive selection...

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3 Reasons Why General Contractors Need Liability Insurance 3 REASONS WHY GENERAL CONTRACTORS NEED LIABILITY INSURANCE

article

Jan 30, 2020

Is your general contractor business prepared to face the financial implications that arise from cost overruns, time overruns or questionable quality of your workmanship? It may be time to double check whether your General Contractors Insurance is adequate for your needs. Here are 3 sources of concer...

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Ecosystems in insurance: The next frontier for enhancing productivity ECOSYSTEMS IN INSURANCE: THE NEXT FRONTIER FOR ENHANCING PRODUCTIVITY

article

Jan 30, 2020

Insurers have a productivity challenge. Recent McKinsey research found the insurance industry has struggled for years to achieve productivity gains at scale, particularly compared with other industries. In addition, the spread in operating costs between the highest and lowest performers in both P&am...

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Is Cyber Insurance a Substitute for Cybersecurity? IS CYBER INSURANCE A SUBSTITUTE FOR CYBERSECURITY?

article

Jan 30, 2020

According to research analyzing 2019 K-12 cybersecurity, school districts saw a 62% increase in attacks over 2018. Some IT leaders are taking the view that purchasing cyber insurance is a cost-effective and easy way to address the issue. But while investing in cyber insurance is an important part of...

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Small Businesses Guide to Insurance. SMALL BUSINESSES GUIDE TO INSURANCE.

video

Jan 29, 2020

If you own a small business, you know how challenging yet rewarding it can be. You’ve worked hard to get your business to where it is today, and that hard work should be protected. Here's our guide to insuring your small business.

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The Impact of Big Data and Artificial Intelligence (AI) in the Insurance Sector THE IMPACT OF BIG DATA AND ARTIFICIAL INTELLIGENCE (AI) IN THE INSURANCE SECTOR

whitepaper

Jan 28, 2020

Big data and artificial intelligence (AI) are two words that are widely used when discussing the future of business. The potential for applying them in diverse aspects of business has caught the imagination of many, in particular, how AI could replace humans in the workplace. Big data and AI could c...

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What is the Best Business Insurance? WHAT IS THE BEST BUSINESS INSURANCE?

article

Jan 28, 2020

It depends! Finding the best business insurance for many small businesses can be a challenge. Most small business owners in Kentucky will see that they have multiple options. Generally, competition leads to lower prices for canny consumers. With that said, commercial insurance is not a commodity and...

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What sort of insurance do you need? WHAT SORT OF INSURANCE DO YOU NEED?

video

Jan 28, 2020

There's landlord insurance which I strongly advise people to take, they will be possibly contents insurance, you do need to have a look at your building insurance just to see whether you are covered for things like your carpet or light fittings, but sometimes you won't be covered so you will...

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How Insurance Companies are Using Artificial Intelligence to Transform an Industry HOW INSURANCE COMPANIES ARE USING ARTIFICIAL INTELLIGENCE TO TRANSFORM AN INDUSTRY

article

Jan 28, 2020

Insurance companies are trying very hard to shake the stigma that they are behind the times, and with good reason. The popular consensus among consumers is that dealing with an insurance provider is like getting a root canal without anesthesia. Ouch. To be fair, the process is typically complex and ...

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Innovating With AI and Data Science in Insurance – Strategies For Success INNOVATING WITH AI AND DATA SCIENCE IN INSURANCE – STRATEGIES FOR SUCCESS

article

Jan 28, 2020

In the past, we’ve explored the need for insurance companies to adapt to millennial buying preferences through customized policy offerings and a more personalized customer experience. AI could help to these ends, but how could insurance carriers reach this point of AI transformation? According...

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what it is and how it impacts the insurance industry 2020 WHAT IT IS AND HOW IT IMPACTS THE INSURANCE INDUSTRY 2020

article

Jan 27, 2020

Insurtech is the term for technology applied to the insurance industry. Although very widespread, in England its advantages and its application are still surrounded by some mysteries and uncertainties. However, its advantages for the insurance sector are already felt by customers and companies alike...

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10 insurance industry trends to expect in 2020 10 INSURANCE INDUSTRY TRENDS TO EXPECT IN 2020

article

Jan 27, 2020

Digital transformation will continue to dominate the narrative in the insurance industry, according to one new 2020 trend report. To better serve its clients in the finance, insurance and technology sectors, research and advisory firm Aite Group recently released its annual report on the top 10 tren...

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CRM In Insurance Sector : Things You Must Know CRM IN INSURANCE SECTOR : THINGS YOU MUST KNOW

article

Jan 24, 2020

The insurance sector is the most dynamic one in the Indian business landscape. Any regulations imposed by the Government or changes made in the existing rules directly affect the margins. Though being one of the most unpredictable sectors, it has seen investments from large international players. Be...

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How to find NEW business insurance opportunities HOW TO FIND NEW BUSINESS INSURANCE OPPORTUNITIES

video

Jan 24, 2020

Find NEW ways to expand your practice by offering business insurance services. This training is hosted by Principal and InSource.

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DISRUPT OR BE DISRUPTED: Clearing the Path to Digital Transformation DISRUPT OR BE DISRUPTED: CLEARING THE PATH TO DIGITAL TRANSFORMATION

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Jan 24, 2020

Digital transformation in the insurance industry is real, led by InsurTech startups that are demonstrating how the creative application of innovative technology can deliver the products, services and overall experience customers want from every business they connect with. Agents and employees, as we...

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How Does General Liability Insurance Work For Commercial Landlords? HOW DOES GENERAL LIABILITY INSURANCE WORK FOR COMMERCIAL LANDLORDS?

article

Jan 23, 2020

Plenty of commercial landlords never intended to get into the business; it just fell into their lap. They just happened to own a piece of real estate that made for a perfect office building. Or they found that their store was making them more money as a rental property than it was as a frame shop. W...

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Interesting cyberattacks of 2019 that all reinsures Should Know About INTERESTING CYBERATTACKS OF 2019 THAT ALL REINSURES SHOULD KNOW ABOUT

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Jan 23, 2020

With the number of cyber-attacks on the rise, it’s natural to think that this increase of cyber-attacks is due to new actors and technological developments, said Yakir Golan, the CEO of Kovrr, the Tel Aviv-based provider of predictive cyber risk modeling solutions. “The truth of the matt...

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For Emerging Technologies, Insurers Should Keep Use Cases and Value in Mind FOR EMERGING TECHNOLOGIES, INSURERS SHOULD KEEP USE CASES AND VALUE IN MIND

article

Jan 23, 2020

As the new decade dawns, insurers are focusing more heavily on technology that can help them sell more, manage risk better, and cost less to operate. Novarica tracks insurers’ interest, pilot activity, and deployment of 16 key technologies in our annual Emerging Technology in Insurance report,...

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3 questions to ask your insurance chatbot technology provider 3 QUESTIONS TO ASK YOUR INSURANCE CHATBOT TECHNOLOGY PROVIDER

article

Jan 22, 2020

When implementing new technology into a tightly regulated industry, it can feel like a leap into the unknown. We all know that we need to step closer to our customers. The insurance industry currently has just two highly emotional points of contact: first, when you make a purchase, and second, when ...

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What Is The ROI Of Digital Transformation In Insurance? WHAT IS THE ROI OF DIGITAL TRANSFORMATION IN INSURANCE?

article

Jan 22, 2020

I work with digital execs at global insurance firms that are in the throes of digital transformation. One of the top inquiries that I’ve received from our insurance clients is: What is the ROI of digital transformation? The time has come for insurers to take a hard look at their digital invest...

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InsurTech Solutions for Claims Management INSURTECH SOLUTIONS FOR CLAIMS MANAGEMENT

video

Jan 22, 2020

Steve Wozniak was our Warm-Up Band! Care Bridge International's Live DEMO at DigIn 2019 in Austin showing the audience how we Bridge Care to Meaningful Analytic- Powered Outcomes. Our clients manage risk more effectively, and injured individuals have better health outcomes.

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What WHAT'S THE DIFFERENCE BETWEEN HOBBY FARM AND FARM INSURANCE?

video

Jan 22, 2020

Know what your farm qualifies as is crucial in receiving the right insurance. Contact an Avery Hall expert to classify your farm and find a policy that meets its needs.

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Insurance Tech 2020 – Will your company go the way of the Dinosaur? INSURANCE TECH 2020 – WILL YOUR COMPANY GO THE WAY OF THE DINOSAUR?

article

Jan 22, 2020

The insurance industry is now being held to a higher customer interaction standard based on other industries. The ease of ordering products from an online retailer such as Amazon is setting the standard for ordering products to be simple, efficient, and fast. The ability to chat with an airline to c...

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How can AI in the Insurance Industry help with Fraud Detection & Claims? HOW CAN AI IN THE INSURANCE INDUSTRY HELP WITH FRAUD DETECTION & CLAIMS?

article

Jan 21, 2020

From smart chatbots that offer quick customer service round the clock to the array of machine learning technologies that spruce up the functioning of any workplace through its automation power, the expanding potential of Artificial Intelligence in Insurance is already being used in many ways, as cov...

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3 Life Insurance Predictions for 2020 & Beyond 3 LIFE INSURANCE PREDICTIONS FOR 2020 & BEYOND

article

Jan 21, 2020

Life insurers must adapt to evolving consumer expectations, distribution channels, and technologies in order to grow. Effective digital engagement – with customers, agents, and advisors – is key, and enables the real-time communication, convenience, and transparency that are becoming tab...

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Insurance 2020: InsurTech and the future of retail insurance INSURANCE 2020: INSURTECH AND THE FUTURE OF RETAIL INSURANCE

article

Jan 21, 2020

A key focus of the Open Banking initiative is the use of technology to put consumers in control of their data, making it easier for them to move, manage, and make more of their money. In the insurance sector it is easy to draw many parallels. Like banks, many traditional insurers have extensive lega...

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Review Your Insurance Policies REVIEW YOUR INSURANCE POLICIES

video

Jan 21, 2020

When was the last time you reviewed or updated your insurance policies? We recommend going over these every year! Lindquist Insurance of Frederick & Annapolis is one of the area's leading providers of Auto Insurance, Home Insurance, Business Insurance, Bonds and Life insurance products. We w...

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AI in insurance: Overhyped or underestimated? AI IN INSURANCE: OVERHYPED OR UNDERESTIMATED?

article

Jan 21, 2020

Technologies in the artificial intelligence family have great potential in insurance, according to a recent SMA survey of P&C insurance executives. This should come as no surprise to anyone following the developments in machine learning, natural language processing, computer visioning, chatbots,...

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TRADE CREDIT INSURANCE UNLOCKING GROWTH TRADE CREDIT INSURANCE UNLOCKING GROWTH

whitepaper

Jan 20, 2020

A lot is changing in today’s global economy. Economic growth in North America appears to be slowing; likewise, there are signs of weakness in regions across the globe. With tariff wars, Brexit and military conflicts, there is uncertainty domestically and across the globe. Making business decis...

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The rise of chatbots in the insurance world THE RISE OF CHATBOTS IN THE INSURANCE WORLD

article

Jan 20, 2020

The insurance world is growing fast in terms of technology. From the rise of AI, blockchain, and now chatbots, innovations are helping make the life of insurers and their clients easier. In this Pacific Prime article, we take a closer look at chatbots and how they affect both the insurer and the pol...

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Management Liability Insurance MANAGEMENT LIABILITY INSURANCE

video

Jan 20, 2020

A brief summary about Management Liability Insurance and what it covers.

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Intelligent solutions for insurance territory managers INTELLIGENT SOLUTIONS FOR INSURANCE TERRITORY MANAGERS

video

Jan 17, 2020

In this video, learn how a territory manager reviews agency performance in their region and looks at AI-powered performance predictions for leads and flags from a specific agency. Microsoft is helping insurance companies redefine how they do business by empowering them to engage more effectively wit...

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Data Science Use Cases in Insurance Industry DATA SCIENCE USE CASES IN INSURANCE INDUSTRY

article

Jan 17, 2020

Insurance companies are now rapidly undergoing a digital transformation. With digitization, a wider range of information is available to the insurers. Data science helps insurance companies to put these data to efficient use to drive more business and refine their product offerings. Data science can...

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5 Challenges in AI implementation for Insurers 5 CHALLENGES IN AI IMPLEMENTATION FOR INSURERS

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Jan 16, 2020

AI can improve productivity and help in decision making through training datasets. According to the survey of the Dataconomy, nearly 81% of 225 data scientists found the process of AI training more difficult than expected even with the data they had. Around 76% were struggling to label and interpret...

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Four trends that could rock insurance in 2020 FOUR TRENDS THAT COULD ROCK INSURANCE IN 2020

article

Jan 16, 2020

In this day and age, companies have to look beyond their immediate adversaries to strategize for long-term resilience and prosperity. For insurers, in particular, overcoming the “synthesis challenge” of successfully integrating technology, talent, and business models into change-resistan...

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The future of voice for insurance THE FUTURE OF VOICE FOR INSURANCE

article

Jan 15, 2020

Do you have an Alexa, Google Home or similar personal assistant at home? Voice sets to unlock a whole new set of opportunities for insurers to reach their customers in new compelling ways. Last month, there were two huge breakthroughs in voice-powered digital assistants. First, Google Duplex: the st...

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CAR INSURANCE AND THE IMPORTANT OF HIGHER COVERAGE AMOUNTS CAR INSURANCE AND THE IMPORTANT OF HIGHER COVERAGE AMOUNTS

infographic

Jan 15, 2020

Were you considering car coverage? Let the infographic inform you why automobile insurance is needed. Most people just choose the cheapest quote they receive for coverage, without really thinking seriously about what would be protected in case of an accident.

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CYBER INSURANCE 101 CYBER INSURANCE 101

whitepaper

Jan 15, 2020

In this video, learn how a territory manager reviews agency performance in their region and looks at AI-powered performance predictions for leads and flags from a specific agency. Microsoft is helping insurance companies redefine how they do business by empowering them to engage more effectively wit...

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Five Insurtech predictions for 2020 FIVE INSURTECH PREDICTIONS FOR 2020

article

Jan 15, 2020

For many insurance professionals, the word ‘InsurTech’ is met with a visible smirk or cringe. It’s become a buzzword with negative connotations because, in many instances, InsurTechs haven’t yielded the promised collaboration results. This is illustrated well in Deloitte&rsqu...

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How Remarketing Can Help You Sell More Insurance Policies! HOW REMARKETING CAN HELP YOU SELL MORE INSURANCE POLICIES!

video

Jan 15, 2020

In this video, Landon McCarter from Secure Agent Marketing speaks about remarketing to your current audience & the benefits this type of marketing strategy can have on your business.

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Realistic Expectations for Insurance in 2020 REALISTIC EXPECTATIONS FOR INSURANCE IN 2020

article

Jan 15, 2020

Visualize a meter that ranges from No Change (1) to Total Transformation (10). I expect the actual changes to the 2020 Insurance Industry meter to register somewhere between 1 and 2. Thinking about insurance industry trends for the next year was always a fun exercise whether I was at the META Group,...

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Does Your Business Need Employment Practices Liability Coverage? DOES YOUR BUSINESS NEED EMPLOYMENT PRACTICES LIABILITY COVERAGE?

article

Jan 15, 2020

Since Title VII of the Civil Rights Act of 1964 passed, the issue of employees’ rights continues to be controversial. Employers involved in interstate commerce are prohibited from discriminating against applicants. As more laws are enacted for workplaces, employers face a higher risk of lawsui...

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7 Questions to Ask Before Designing Your Insurance 7 QUESTIONS TO ASK BEFORE DESIGNING YOUR INSURANCE

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Jan 14, 2020

After months of strategy and budget meetings, you’ve got the green light – it’s time to begin building your company’s quality assurance program. But are you prepared for the realities of the creation process? Can you address the inevitable questions and setbacks as they appea...

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Artificial intelligence for insurance investment operations ARTIFICIAL INTELLIGENCE FOR INSURANCE INVESTMENT OPERATIONS

article

Jan 14, 2020

We recently wrote a piece for Insurance Investor highlighting artificial intelligence and how new innovations can revolutionize middle and back-office operations for insurers. With the increase in M&A activity in the insurance industry, middle- and back-office accounting, operational and reporti...

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Term vs Whole Life Insurance (Life Insurance Explained) TERM VS WHOLE LIFE INSURANCE (LIFE INSURANCE EXPLAINED)

video

Jan 14, 2020

In this video, I'll explain the differences between term and whole life insurance - and which one you should be focused on in 2020! It's important to know these things as an insurance agent, so take a minute and watch this video so that next time someone asks, you'll have an answer!

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Selecting the Best Insurance for Your Business SELECTING THE BEST INSURANCE FOR YOUR BUSINESS

article

Jan 14, 2020

Protecting your business and its assets is crucial for your continued success. Unfortunately, there are plenty of dangers that can cause you financial issues down the line. To meet the demands placed on your business, you need proper insurance. Selecting insurance involves more than simply browsing ...

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4 Health Insurance Changes Employers Will Be Talking About This Year 4 HEALTH INSURANCE CHANGES EMPLOYERS WILL BE TALKING ABOUT THIS YEAR

article

Jan 13, 2020

As a small business owner, you don’t have time for anything trivial. And you especially don’t have time to go through the thousands of pages in the Affordable Care Act (ACA) to see what your small business health insurance requirements are.

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What you should know about Cyber Security Insurance WHAT YOU SHOULD KNOW ABOUT CYBER SECURITY INSURANCE

video

Jan 13, 2020

Data compromise coverage is an optional coverage that may be added to a business insurance policy. This coverage helps reimburse your small business for certain expenses after a data breach. Having data compromise and Cyber Security coverage may help your small business with the expenses related to ...

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Vision 2020: InsurTech and The Insurance Industry VISION 2020: INSURTECH AND THE INSURANCE INDUSTRY

article

Jan 13, 2020

The last decade saw a huge change in the way insurance industry functions. As we step into 2020 with AI-driven InsurTech initiatives, the next one promises to be even more of an adventure. Innovation and technology are going to be the forefront, but any predictions about future trends may have a ten...

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Business automation for insurance company BUSINESS AUTOMATION FOR INSURANCE COMPANY

video

Jan 13, 2020

Together with the US health insurance company, we built a system that automates core business processes: agent certification/onboarding, commission billing, enrollment, claims payment, sales/marketing campaigns, etc.

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5 Potential Hazards of Running Your Business without Insurance 5 POTENTIAL HAZARDS OF RUNNING YOUR BUSINESS WITHOUT INSURANCE

article

Jan 13, 2020

The many expenses of running a business may tempt some new business owners to ignore the need for business insurance. While you may hope you’ll never need to file a claim with an insurer, not being able to do so in a time of crisis may prove impossible for your business to recover from. If you...

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Why Customer Engagement needs to be top focus in insurance WHY CUSTOMER ENGAGEMENT NEEDS TO BE TOP FOCUS IN INSURANCE

video

Jan 12, 2020

Why do Consumers Leave Their Insurer? In this talk, Isabelle Conner (Chief Marketing & Customer Officer at Generali) shared why customer engagement is important. The insurance industry is undergoing a lot of change and increasing its customers' touchpoint is on top of that list.

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2020 Global Insurance Outlook 2020 GLOBAL INSURANCE OUTLOOK

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Jan 10, 2020

The annual EY Insurance Outlooks represent a perspective on key issues shaping the industry in the near term (three years). They complement the NextWave series, which takes a longer-term perspective (five years and beyond) and examines specific market scenarios that will shape the future of the indu...

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Insurance Innovation In South East Asia INSURANCE INNOVATION IN SOUTH EAST ASIA

video

Jan 10, 2020

BCG’s Insurance Global Leader Pia Tischhauser discusses innovation in the South East Asia insurance market with Managing Director and Partner Prae Dumrongmongcolgul in Bangkok. Prae explains that many insurers in South East Asia are now focusing on putting the customer at the center. They are ...

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How Business Insurance Adjusts To Your Needs HOW BUSINESS INSURANCE ADJUSTS TO YOUR NEEDS

article

Jan 09, 2020

Thousands of cars are alike. Several homes in the same neighborhood are alike. But no two businesses are alike. Two franchise restaurants will be in different neighborhoods, but they might keep different hours and have different sizes of staff. So, there's no one-size-fits-all solution to busine...

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Can Business Losses Be Covered Under Multiple Parts of Your Policy? CAN BUSINESS LOSSES BE COVERED UNDER MULTIPLE PARTS OF YOUR POLICY?

article

Jan 09, 2020

Our client owns a large food market. Last summer, it burned down. The client submitted a claim under his business insurance policy from Farmers. The insurance policy included several different types of coverage, such as Business Property, Business Income, Extra Expense, and more. The insured had ins...

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CYBER INSURANCE DRIVERS OF LOSS CYBER INSURANCE DRIVERS OF LOSS

infographic

Jan 08, 2020

The technology risks and manifestations are potentially interconnected, e.g. a breach could be caused by a staff error which leads to extortion which rejected leads to interruption.

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8 Common Mistakes to Avoid When Buying Business Insurance 8 COMMON MISTAKES TO AVOID WHEN BUYING BUSINESS INSURANCE

article

Jan 08, 2020

Running a business can seem like a minefield full of potential missteps and mistakes. It’s easy to overspend in some areas and neglect important obligations. If you own or run a business, purchasing the right kind of insurance is a necessity. However, there are many policies available and it c...

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5 Ways To Gain Clients For An Insurance Business! 5 WAYS TO GAIN CLIENTS FOR AN INSURANCE BUSINESS!

video

Jan 08, 2020

How do you go about getting clients for your insurance business? There are lots of possibilities in today’s insurance marketplace for building a book of business. Traditional sales tactics like cold calling can still be very effective for some agents, but newer methods are also available.

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Do commercial crime policies cover cyber crimes? DO COMMERCIAL CRIME POLICIES COVER CYBER CRIMES?

article

Jan 08, 2020

In some instances, a commercial crime insurance policy may offer coverage for a loss due to a cyber-attack. The 11th U.S. Circuit Court of Appeals in Atlanta has ruled that an insurer must indemnify a policyholder that was scammed out of more than $1.7 million in a phishing incident under its commer...

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How to update an Insurance Company in the Insurance Plan HOW TO UPDATE AN INSURANCE COMPANY IN THE INSURANCE PLAN

video

Jan 07, 2020

In this video, you will learn how to update an existing insurance plan to show the corrected insurance company.

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BizTrends 2020: 5 ways tech is changing insurance BIZTRENDS 2020: 5 WAYS TECH IS CHANGING INSURANCE

article

Jan 07, 2020

It's no secret that the insurance sector is conservative by nature and has largely been slow to embrace technology. In the past year, many of the large incumbents have been touting new 'digital' offerings to keep the insurtech challengers like Pineapple, Naked and Simply at bay. These sm...

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3 INSURANCE UNDERWRITING PREDICTIONS FOR 2020 AND BEYOND 3 INSURANCE UNDERWRITING PREDICTIONS FOR 2020 AND BEYOND

article

Jan 07, 2020

We see 2020 as a pivotal year for life insurance underwriters. More insurers have modernized their new business and policy administrations systems to enable greater flexibility to create innovative products. These new systems integrate with powerful underwriting rules engines that also automate much...

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The Top 5 Small Business Health Insurance Options in 2020 THE TOP 5 SMALL BUSINESS HEALTH INSURANCE OPTIONS IN 2020

article

Jan 06, 2020

The rising costs of health care aren’t just a problem for individuals—they’ve also impacted businesses that make health benefits a priority for their employees. Small businesses have been particularly vulnerable. Over the last 15 years, the cost to cover one employee under group he...

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Why you need both Limitation of Liability Forms and Insurance to protect yourself financially WHY YOU NEED BOTH LIMITATION OF LIABILITY FORMS AND INSURANCE TO PROTECT YOURSELF FINANCIALLY

video

Jan 06, 2020

It’s so important to protect yourself and your business. Coach Leo shares why you need both Limitation of Liability Forms and Insurance to protect yourself financially.

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Crime Insurance for All Risks CRIME INSURANCE FOR ALL RISKS

article

Jan 06, 2020

Cybercrime is one of the most threating areas of any business relying on technology, software, and internet connection. While most companies are worried about potential hacks, not all threats come from data that is stolen. According to the information presented by Axis Insurance, approximately 13% o...

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The Business Owners Policy (BOP) and How it Can Help Small Businesses THE BUSINESS OWNERS POLICY (BOP) AND HOW IT CAN HELP SMALL BUSINESSES

article

Jan 06, 2020

Are you looking for business insurance policies that combine protection for all major property and liability risks in one package? One package commonly purchased by small businesses is the Business Owners Policy (BOP). Package policies are created for businesses that generally face the same kind and...

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Insurance Big Data Analytics Trends in 2020: How to Leverage Your Data INSURANCE BIG DATA ANALYTICS TRENDS IN 2020: HOW TO LEVERAGE YOUR DATA

article

Jan 06, 2020

In the insurance industry, big data is the name of the game. It provides valuable insights into all facets of company operations and performance – from consumer behavior to underwriting practices to the ROI of marketing campaigns. Companies that want to leverage that information into actionabl...

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10 PA Auto Insurance Tips 10 PA AUTO INSURANCE TIPS

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Jan 04, 2020

Handling different types of auto insurance can be confusing. We have simple things every driver should know about insurance in an easy-to-read format.

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Blanket & Self-Insurance vs. CPI BLANKET & SELF-INSURANCE VS. CPI

whitepaper

Jan 04, 2020

A self-insured lender assumes all risk and absorbs any losses that occur. The greatest disadvantage of self-insurance is that risk is not transferred. To minimize uninsured losses, some self-insured lenders add follow up procedures such as: Requiring evidence of physical damage insurance at the time...

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2020 insurance outlook 2020 INSURANCE OUTLOOK

whitepaper

Jan 03, 2020

As insurance firms adapt to maturing markets and economic turbulence, in the long run, their ability to integrate technology, talent, and business-model innovation into legacy environments may be the key to success. The insurance industry remains resilient, continuing to generate growth around the w...

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Digital Integration Hubs: Bringing customer service up to speed in the insurance sector DIGITAL INTEGRATION HUBS: BRINGING CUSTOMER SERVICE UP TO SPEED IN THE INSURANCE SECTOR

article

Jan 03, 2020

When consumers request information, submit a query or make a claim with an insurer… there are a number of processes which take place behind the scenes before a conclusion is reached. However, with retailers and other services providing ever faster responses, whether online or on the phone, th...

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What to know about electronic data breach insurance coverage WHAT TO KNOW ABOUT ELECTRONIC DATA BREACH INSURANCE COVERAGE

article

Jan 03, 2020

Data breaches cause businesses to lose money and customers. Learn about data insurance policies that can protect your business. A digital data breach can significantly impact a business’s finances, with incidents costing an average of $3.9 million, according to 2019 research by IBM. Exposing s...

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What is Cyber Insurance? What To Do If Your Business Gets Hacked? WHAT IS CYBER INSURANCE? WHAT TO DO IF YOUR BUSINESS GETS HACKED?

video

Jan 02, 2020

The cost of a cyber-attack can easily drive you out of business if you’re not protected properly. The average cost of a data breach is $6.3 million for companies with over 50K compromised records. In this video our Cyber Insurance specialist Joseph Dominguez tells you basics about cyber insura...

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5 Ways to Lower Your BOP Insurance Expense 5 WAYS TO LOWER YOUR BOP INSURANCE EXPENSE

article

Jan 01, 2020

Business insurance may be able to provide adequate protection to you, but it can cost you a lot in premiums. Small businesses usually pay for liability insurance and BOP insurance ranging from $500 to $15,000. The best thing to do is to know how to reduce insurance costs by implementing these tips.

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Do You Need Business Insurance While Dropshipping? DO YOU NEED BUSINESS INSURANCE WHILE DROPSHIPPING?

article

Jan 01, 2020

Increasing numbers of entrepreneurs are getting interested in drop shipping. Why? The transaction is fast and easy. If you’re a reseller, your store doesn’t keep the items. Your supplies are coming from third-party suppliers. Here’s a simple explanation. If you want to sell somethi...

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How does commercial property insurance coverage work? HOW DOES COMMERCIAL PROPERTY INSURANCE COVERAGE WORK?

article

Dec 31, 2019

Commercial property insurance protects assets that are essential to your business, and carriers will customize policies to meet your unique needs. No matter what type of small business you own, losing property to theft, fires, weather events, or simple accidents can impact your livelihood. Commercia...

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How the Insurance Industry Can Improve the Reporting Process HOW THE INSURANCE INDUSTRY CAN IMPROVE THE REPORTING PROCESS

whitepaper

Dec 28, 2019

At a time when every industry is being affected by digital disruption, insurance is facing a sea of change. From new competitors to complex regulatory requirements and the rapid proliferation of data, a myriad of factors is putting pressure on insurers to evolve. Amid this evolution, one part of the...

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Small Business Health Insurance Options for 2019 SMALL BUSINESS HEALTH INSURANCE OPTIONS FOR 2019

article

Dec 27, 2019

Figuring out small business health insurance can feel like one of the most difficult and stressful parts of running your own business. Everyone should have health insurance coverage—but the rules and available options are hard to understand. As a small business owner, you might feel like you&r...

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8 Rules For Calling Insurance Leads! 8 RULES FOR CALLING INSURANCE LEADS!

video

Dec 27, 2019

Most insurance agents make AT LEAST 1 of these mistakes when calling insurance leads - watch this video to make sure you will actually have success when calling leads.The goal when calling insurance leads is to set an appointment, but if you are making one, or possibly even more, of these mistakes, ...

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Which Policy is Best for Your Business WHICH POLICY IS BEST FOR YOUR BUSINESS

article

Dec 26, 2019

Starting your own business is inherently risky. It takes courage to become an entrepreneur and the risks involved can be part of what makes it exciting. But not all risks are created equal, and those who end up making it know the difference between a calculated risk versus one they can and should av...

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Travel Insurance claims – the path to perfect policy payout TRAVEL INSURANCE CLAIMS – THE PATH TO PERFECT POLICY PAYOUT

infographic

Dec 26, 2019

From time to time holidays don’t go to plan, baggage goes missing, flights are delayed or people are unwell, all of which mean it’s time to claim on your travel insurance policy.

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What is Liability Car Insurance? WHAT IS LIABILITY CAR INSURANCE?

video

Dec 26, 2019

Liability Car Insurance Coverage, your state minimum, helps cover the potential costs of other driver’s property and bodily injury if you’re found at fault in a car accident. If you own and operate a car in the United States, you’ll need car insurance, and each state will have thei...

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Understanding Professional Liability Insurance Coverage UNDERSTANDING PROFESSIONAL LIABILITY INSURANCE COVERAGE

article

Dec 26, 2019

The types of professional liability insurance policies businesses can buy are generally claims-made or claims and reported policies. In this article, we’ll define the different types and go into more detail about how the law applies to them. Under claims-made policies, you usually must make a ...

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Issues in Cybercrime Insurance Coverage and Litigation ISSUES IN CYBERCRIME INSURANCE COVERAGE AND LITIGATION

article

Dec 26, 2019

There have been several large-scale cyberattacks in the news in recent years, demonstrating both how costly these events can be and the importance of having cybercrime insurance coverage. This new modern “hazard” has prompted many insurance companies to offer cyberattack coverage in the ...

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8 Ways How Smartphones are Transforming the Insurance Industry 8 WAYS HOW SMARTPHONES ARE TRANSFORMING THE INSURANCE INDUSTRY

video

Dec 24, 2019

The development and use of smartphones within the insurance processes are having a transformative effect on the entire insurance sector and are increasingly forming the basis of thinking for the development, monitoring, and administration of insurance products. Also, mobile technology will no doubt ...

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Insurance Technology And How It Influences Consumer Behavior INSURANCE TECHNOLOGY AND HOW IT INFLUENCES CONSUMER BEHAVIOR

article

Dec 24, 2019

Insurtech is beginning to bring policyholders inside the “black box” of insurance to understand how their decisions are influencing their costs. Insurtech has increased access to real-time data and improved transparency in tailored pricing. Taken together, this has begun to positively in...

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Best Practices in Social Listening FINANCIAL SERVICES AND INSURANCE BEST PRACTICES IN SOCIAL LISTENING FINANCIAL SERVICES AND INSURANCE

whitepaper

Dec 23, 2019

Whether you’re obtaining new clients or recruiting talent, the Financial Services space is incredibly competitive. In order to meet the collaborative and transparent demands of clients, firms must work to develop an involved community that’s loyal to them. With that goal in mind, custome...

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Why Do I Need Fiduciary Liability Insurance? WHY DO I NEED FIDUCIARY LIABILITY INSURANCE?

video

Dec 23, 2019

If your company offers a plethora of benefits to your employees including a pension plan, then you are a fiduciary, as is anyone who handles or verses the plan. However, did you know if a fiduciary makes a mistake, the fiduciary and the company could be held liable? Under the Employee Retirement Inc...

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How Will AI Work Against Insurance Fraud? HOW WILL AI WORK AGAINST INSURANCE FRAUD?

article

Dec 23, 2019

Insurance scams cost the U.S. economy tens of billions of dollars each year. Now, insurers are adding artificial intelligence to their fraud-fighting toolkit. My company uses AI to stop e-commerce payment fraud by detecting unusual behavior and stolen data. Insurance claims are less standardized and...

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Insurers should look alive in 2020 INSURERS SHOULD LOOK ALIVE IN 2020

article

Dec 23, 2019

May you live in interesting times, so goes the Chinese curse. 2019 has certainly been an interesting year for insurers. Going into 2020, the industry is grappling with the fallout from disastrous weather events, and with chastisement from regulators in the UK on how insurers must do a better job in ...

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How Blockchain Is Helping Insurance To Evolve For Its Modern Consumers HOW BLOCKCHAIN IS HELPING INSURANCE TO EVOLVE FOR ITS MODERN CONSUMERS

article

Dec 22, 2019

Currently, insurers struggle with the inefficient exchange of information, complex liability assessments when it comes to reinsurance, fragmented data sources, the use of a middleman and a manual-driven claims review and process environment. The Blockchain can change all that. Even when only used in...

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Understanding Certificates of Insurance – Complete Step by Step Guide UNDERSTANDING CERTIFICATES OF INSURANCE – COMPLETE STEP BY STEP GUIDE

article

Dec 20, 2019

A certificate of insurance (COI) is a way for your business to provide quick access to the terms of your insurance policy. Providing your clients with a COI builds confidence in your business because it tells your customers you’re insured. While a COI doesn’t offer a guarantee for every ...

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State of AI in 2020 in the insurance domain STATE OF AI IN 2020 IN THE INSURANCE DOMAIN

video

Dec 20, 2019

Pamela Negosanti - Global Head of Insurance, Michael Watt - VP North America and Matt Leiv - Sr. Director talk about the state of Artificial Intelligence in 2020.

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Product Recall Insurance Past and Present PRODUCT RECALL INSURANCE PAST AND PRESENT

article

Dec 19, 2019

Metal, undeclared allergens, and bacteria are just a few of the modern-day contaminants that might cause a food processor to issue a product recall. Turn the clock back to the early 1900s and the list of possible contaminants would not only be more diverse, but also a lot more animated. Lead, formal...

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Artificial intelligence and the future of insurance ARTIFICIAL INTELLIGENCE AND THE FUTURE OF INSURANCE

article

Dec 18, 2019

Artificial intelligence (AI) is changing the world. From game shows — where IBM Watson wins at Jeopardy — to medical advances and business decisions, the implications are staggering. Due to the highly quantifiable nature of insurance company operations, AI will have a transformative impa...

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2020 Is The Time To Strike In The Insurance Industry 2020 IS THE TIME TO STRIKE IN THE INSURANCE INDUSTRY

video

Dec 18, 2019

There are things happening in the insurance industry that have agents across the country excited & ready for the new year. Join Cody Askins & Landon McCarter as they talk about new marketing strategies, lowering lead costs, & WHY 2020 is the time to STRIKE as an insurance agent or agency...

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Why personal car insurance may not cover business use WHY PERSONAL CAR INSURANCE MAY NOT COVER BUSINESS USE

article

Dec 18, 2019

Insurance companies view business drivers as bigger risks than personal drivers, so you may need a form of commercial auto insurance. Most states require drivers to carry personal vehicle insurance, but this policy may not cover damages from accidents that happen while driving for business use. If y...

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The Cost of a Ransomware Attack: With and Without Cyber Insurance THE COST OF A RANSOMWARE ATTACK: WITH AND WITHOUT CYBER INSURANCE

article

Dec 18, 2019

As the internet celebrates its 50th birthday, it’s incredible to look back and see how technology has dramatically changed our lives over the course of half a decade. As technology continues to develop at an astonishing pace, transforming the way we communicate, modern medicine, currency, and ...

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Professional Indemnity Insurance Explained PROFESSIONAL INDEMNITY INSURANCE EXPLAINED

infographic

Dec 17, 2019

All too often, the same question is asked. What is Professional Indemnity Insurance? Given how many professionals work in Australia, it’s benefits should be more well known. In this infographic, professional Indemnity Insurance is explained simply and easily so you can get the most out of your...

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How Much Can You Expect to Pay for Legal Malpractice Insurance? HOW MUCH CAN YOU EXPECT TO PAY FOR LEGAL MALPRACTICE INSURANCE?

article

Dec 17, 2019

No matter how talented or experienced an attorney is, the risk of making a mistake and being held liable for it is one that is always present in this profession. And while learning about the intricacies of lawyers professional liability (commonly referred to as malpractice insurance) might not be so...

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Know & Grow: Credit Life Insurance KNOW & GROW: CREDIT LIFE INSURANCE

video

Dec 17, 2019

Is credit life insurance right for you? Financial Services Representative Ines Rasidovic explains credit life insurance and how it helps provide financial security.

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What is Loss Recovery Insurance? WHAT IS LOSS RECOVERY INSURANCE?

video

Dec 17, 2019

What would you do if a fire, flood or storm caused severe damage to your business or home? As the impact of the damage dawns on you, would you know who to turn to for expert claims advice? Find out how Lorega provides expert help, when you need it, with Loss Recovery Insurance. LRI is sold alongside...

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Transforming the insurance sector to an Open API Ecosystem TRANSFORMING THE INSURANCE SECTOR TO AN OPEN API ECOSYSTEM

article

Dec 16, 2019

"Open" has recently become a new buzzword in the financial services industry, i.e. open data, open APIs, Open Banking, Open Insurance…, but what does this new buzzword really mean? "Open" refers to the capability of companies to expose their services to the outside world, ...

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Big Data, algorithms and AI, the tools of tomorrow’s insurance? BIG DATA, ALGORITHMS AND AI, THE TOOLS OF TOMORROW’S INSURANCE?

article

Dec 16, 2019

AI and Big Data are transforming the insurance sector. What opportunities are offered by the use of these technologies and what ethical issues do they raise? Insurers have always used data and mathematical models to analyse and manage risk. As highlighted by Florence Picard, President of the É...

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Know The Role Of Machine Learning In Insurance Industry KNOW THE ROLE OF MACHINE LEARNING IN INSURANCE INDUSTRY

video

Dec 16, 2019

The growing numbers of machine learning health insurance applications that are being used in the healthcare industry allow us to read the future by doing data analysis.

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Life insurance: Who should get it? LIFE INSURANCE: WHO SHOULD GET IT?

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Dec 15, 2019

64% of people say they haven't bought life insurance because it's too expensive, yet they overestimate its true cost by more than double. The sooner you buy life insurance, the less it may cost over time. Having life insurance may make sense for these individuals.

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Most Expensive Home Insurance Claims MOST EXPENSIVE HOME INSURANCE CLAIMS

infographic

Dec 14, 2019

Lancaster insurance agency, Martin Insurance, shares an infographic on the most expensive home insurance claims.

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What does Umbrella Insurance cover? WHAT DOES UMBRELLA INSURANCE COVER?

article

Dec 14, 2019

Whether it's a serious car accident involving pricey medical bills or an incident on your property, you can quickly find yourself responsible for damages that exceed the limits on your auto, homeowners or boat policies. Umbrella Insurance Can Provide: An extra $1 million to $10 million of liabil...

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Why Are Personal Auto Insurance Rates Continuing to Increase? WHY ARE PERSONAL AUTO INSURANCE RATES CONTINUING TO INCREASE?

article

Dec 13, 2019

Despite the fact that our personal auto insurance rates increase at each renewal, insurance carriers have not turned an underwriting profit in years. Underwriting profit is the earned premium remaining after losses and administrative overhead have been paid. 2018 was the third consecutive year that ...

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TRENDS: INSURANCE TRENDS: INSURANCE

whitepaper

Dec 13, 2019

This paper contains the views and thoughts from the Sovos global practice and contributors include our indirect tax, e-invoicing and other subject matter experts from across the organisation. Our aim is to provide you with a high-level insight into the challenges that not only insurers but also gove...

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Misconceptions When Buying Life Insurance MISCONCEPTIONS WHEN BUYING LIFE INSURANCE

video

Dec 13, 2019

In this video, Fitz and Adriel talks about the top 5 most common misconceptions that people have when buying life insurance.

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Decoding Homeowners Insurance: Top 10 Terms for First-Timers DECODING HOMEOWNERS INSURANCE: TOP 10 TERMS FOR FIRST-TIMERS

article

Dec 12, 2019

You’ve saved your hard-earned dollars for years and you shouldn’t part with it easily or uninformed. You’ve searched and toured open-houses and imagined how your furniture, artwork, and other belongings would look in this home versus the next. After all your searching, you’ve...

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Insurance Industry: 12 Trends for 2020 INSURANCE INDUSTRY: 12 TRENDS FOR 2020

article

Dec 12, 2019

Last year, we outlined the major trends set to disrupt insurance in 2019. We explored a variety of digital, cultural, and economic developments - from AI and blockchain to gig work and the cannabis business - and their potential impact on the industry. While these trends will continue to shape the i...

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Insurance companies inundated with massive claims INSURANCE COMPANIES INUNDATED WITH MASSIVE CLAIMS

video

Dec 11, 2019

Natural disasters such as the recent heavy rains in Gauteng often result in a flood of insurance claims. So how do insurance companies deal with such an overload of payments? Do they pay swiftly? Susan Wells from the South African Insurance Association tells us more.

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An insurance agent’s ultimate LinkedIn guide AN INSURANCE AGENT’S ULTIMATE LINKEDIN GUIDE

infographic

Dec 10, 2019

Insurance agent, is your LinkedIn profile complete? According to them, only half of users have a completely finished profile. Those who DO have a complete profile are 40 times more likely to receive opportunities through LinkedIn. That’s why we’re passing along this insurance agent&rsquo...

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How InsurTech is transforming the insurance industry to address a new era of emerging risks, and improving lives along the way. HOW INSURTECH IS TRANSFORMING THE INSURANCE INDUSTRY TO ADDRESS A NEW ERA OF EMERGING RISKS, AND IMPROVING LIVES ALONG THE WAY.

whitepaper

Dec 10, 2019

Insurance, since its inception, has shaped patterns of economic and social growth. It has helped us mitigate the damage of threats and disasters from droughts to car accidents, and has opened new pathways to financial health and stability that would not have been possible without risk management. In...

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What Happens if My Business Insurance Expires? WHAT HAPPENS IF MY BUSINESS INSURANCE EXPIRES?

article

Dec 10, 2019

There are times that small business owners accidentally allow their business insurance to expire. They’re bad people with no redeeming qualities. Just kidding – it’s not totally uncommon for a business to forget to make a payment or to miss their insurance renewal date. And while i...

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Business insurance explained BUSINESS INSURANCE EXPLAINED

video

Dec 10, 2019

All businesses face risks, but when you’ve put your heart and soul into a venture there are some chances that are just not worth taking. Business insurance, also known as commercial insurance, means peace of mind for all kinds of unexpected events. Every business is different, so your business...

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The Right Way to Use AI in an Insurance Claims Organization THE RIGHT WAY TO USE AI IN AN INSURANCE CLAIMS ORGANIZATION

article

Dec 10, 2019

Insurance claims professionals are no strangers to disruptive technologies. Over the next several years, artificial intelligence (AI) is expected to be among the most disruptive technologies for digitally-enabled businesses in general, and for claims organizations in particular. However, there is di...

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How the tech sector is redefining insurance for the digital age HOW THE TECH SECTOR IS REDEFINING INSURANCE FOR THE DIGITAL AGE

article

Dec 10, 2019

Though many industries have now undergone a digital revolution, the way we buy insurance has remained much the same for decades. Certainly, many of us now go online to renew our home-contents or car policies, but there hasn’t been anywhere near the levels of digital disruption that we’ve...

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An emerging trend that will replace Insurtechs AN EMERGING TREND THAT WILL REPLACE INSURTECHS

article

Dec 09, 2019

For decades, the insurance industry was not a competitive market. The major players were traditional insurance companies, who were exhibiting high resistance to change. Now, in the last five years, with the advent of new technologies, the competition is slowly shifting to a new arena with the inclus...

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Do Insurance Companies Need Business Insurance? DO INSURANCE COMPANIES NEED BUSINESS INSURANCE?

article

Dec 09, 2019

Most insurance companies will carry a business insurance policy. Just like any business, it has risks that it needs to take care of. When it comes to insuring its building against damages and break-ins, a standard business policy does the trick. Likewise, it needs to consider workers compensation an...

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Insurance Commissions: What You Need to Know INSURANCE COMMISSIONS: WHAT YOU NEED TO KNOW

video

Dec 09, 2019

Most agents in the insurance field get paid through insurance commissions. The exact details of an agent's commission come down to several factors, including the individual agency's preference, whether you're a captive or independent agent, and skill or experience level. When it comes to...

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Einstein Analytics for Financial Services EINSTEIN ANALYTICS FOR FINANCIAL SERVICES

video

Dec 09, 2019

As an insurance agent, it's your goal to grow your book of business while delivering exceptional service to your customers. With the help of Einstein Analytics for Financial Services, it's easier than you think.

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How AI Can Disrupt Insurance Beyond Automating Claims? HOW AI CAN DISRUPT INSURANCE BEYOND AUTOMATING CLAIMS?

article

Dec 09, 2019

The growth of insurance industry in India has been as dynamic as the growth of India’s demography, which in itself has witnessed varied phases of economic evolution. Like other industries, the growth of the insurance sector is heavily reliant on its target customers. What makes this sector att...

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Insuring Your Commercial Property: Actual Cash Value or Replacement Cost Coverage? INSURING YOUR COMMERCIAL PROPERTY: ACTUAL CASH VALUE OR REPLACEMENT COST COVERAGE?

article

Dec 06, 2019

Commercial property insurance is a key coverage that no businesses can do without. Even people who are running a small business from their own homes and rely on homeowner’s insurance to cover potential losses should add business contents insurance at least to their insurance program in order t...

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Insurance Industry and Cloud Computing INSURANCE INDUSTRY AND CLOUD COMPUTING

article

Dec 06, 2019

Cloud Based Solutions have improved and even transformed many industries over the past few years. The hallmarks of any decent cloud service include flexibility, versatility and cost savings. The benefits of the cloud have surely trickled down to the much important Insurance Sector. The scope of insu...

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Digital Innovation Is a Puzzle for Life Insurers DIGITAL INNOVATION IS A PUZZLE FOR LIFE INSURERS

article

Dec 05, 2019

Innovation is in the air. Imaginative digital technologies have been plugged into existing Life and Health insurance processes and products in multiple markets, injecting new life into customer engagement, risk assessment and claims management. Except they haven’t. Not yet. Despite the clever ...

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5 Ways Data is Transforming the Insurance Industry 5 WAYS DATA IS TRANSFORMING THE INSURANCE INDUSTRY

article

Dec 05, 2019

The Insurance industry has a renewed realization of the value of data due to AI and machine learning. Predictive models have myriad applications in the insurance industry including optimizing customer acquisition, delivering personalized service, processing claims efficiently, intelligently underwri...

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Transformation of the Insurance Industry by AI TRANSFORMATION OF THE INSURANCE INDUSTRY BY AI

article

Dec 04, 2019

Artificial Intelligence is probably a term so widely used these days that almost everyone is familiar with the concept, if not an expert on what it means. And rightfully so! This technology is making waves in every industry. This includes the insurance industry. Artificial Intelligence is a technolo...

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8 Ways the Insurance Industry Can Use Data to Improve Performance 8 WAYS THE INSURANCE INDUSTRY CAN USE DATA TO IMPROVE PERFORMANCE

article

Dec 04, 2019

2018 was a good year for insurers and many are on track to end 2019 on a high note. However, the outlook for 2020 may not be as rosy; according to Deloitte, challenges like the potential for economic slowdown and trade uncertainty may cast a shadow on insurance market projections. As we head into th...

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Liquor Liability Insurance Vs. Brewery/Vineyard/Distillery Insurance LIQUOR LIABILITY INSURANCE VS. BREWERY/VINEYARD/DISTILLERY INSURANCE

article

Dec 04, 2019

Both the popularity and number of craft breweries, vineyards, wineries, and distilleries are on the rise in the U.S. However, these types of businesses can have complicated insurance needs. Any establishment that has a tasting room or serves alcohol needs liquor liability insurance, but that is only...

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Prepared for a disability? Business overhead insurance PREPARED FOR A DISABILITY? BUSINESS OVERHEAD INSURANCE

article

Dec 03, 2019

If you own a small business, chances are you play a major role in bringing in revenue — especially if you offer a specialized service your employees may not be able to provide. So if you were to become too sick or hurt to work for an extended period of time, there could be major financial repe...

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Insurance for Your Luxury Motor Coach INSURANCE FOR YOUR LUXURY MOTOR COACH

video

Dec 03, 2019

Why insuring a luxury motor coach RV can be challenging. Gulfshore Insurance explains everything you need to know about insuring your luxury coach.

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Lawyers Professional Liability Insurance LAWYERS PROFESSIONAL LIABILITY INSURANCE

whitepaper

Dec 02, 2019

Professional liability insurance can be an awkward topic for brokers, as it sometimes entails reminding accomplished professionals that they need protection from their mistakes. However, law firms understand the value of specialized expertise – especially when it comes to the coverage afforded...

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Five Ways AI is Shaping the Future of Insurance FIVE WAYS AI IS SHAPING THE FUTURE OF INSURANCE

article

Dec 02, 2019

False motor insurance claims contribute to huge losses for insurers – an estimated $1.5 billion in the UK alone last year. These costs would ordinarily have been passed on to customers in the form of higher premiums. Yet, premiums for many of the most at-risk drivers actually dropped. That&rsq...

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Addressing Legacy Systems and Culture in Insurance ADDRESSING LEGACY SYSTEMS AND CULTURE IN INSURANCE

article

Dec 02, 2019

Did you know that, according to a McKinsey survey, 94 percent of executives aren’t satisfied with their firm's innovation performance? While this number may seem staggering, it’s reflective of the struggles many large, historic companies are facing in today’s market. Customers ...

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Insurance 101 General Liability Insurance INSURANCE 101 GENERAL LIABILITY INSURANCE

video

Dec 02, 2019

What is general liability insurance and why do businesses need it? Watch this video for some insight into the importance of general liability insurance coverage.

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How Artificial Intelligence Is Impacting Insurance And Data Utilization HOW ARTIFICIAL INTELLIGENCE IS IMPACTING INSURANCE AND DATA UTILIZATION

article

Dec 02, 2019

The world’s future generations can be defined by many qualities. One of these is ambitious, risk-taking, and willing to put everything on the line for a shot at success. This emphasizes itself in the need for strengthening the insurance sector, in each nation worldwide, because more risks prov...

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The 9 Types of Small Business Insurance Coverage You Need THE 9 TYPES OF SMALL BUSINESS INSURANCE COVERAGE YOU NEED

article

Nov 30, 2019

As with health insurance or car insurance, small business insurance is hopefully something you never have to use. But when something unexpected happens, having business insurance can be the difference between your business’s continued success or failure. Unfortunately, a lot of businesses aren...

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Top Insurance Industry Issues in 2019 TOP INSURANCE INDUSTRY ISSUES IN 2019

whitepaper

Nov 29, 2019

Insurance carriers have invested a great deal in digital capabilities in recent years. While these initiatives reflect a genuine need to be more efficient and profitable, it can be difficult for management to maintain a clear perspective on strategy in the face of what amounts to generational change...

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what does home insurance in hong kong cover WHAT DOES HOME INSURANCE IN HONG KONG COVER

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Nov 29, 2019

Given the skyrocketing prices and rents of residential real estate in Hong Kong, most homeowners will purchase a home insurance policy to protect their property and contents within their household. Apart from prevalent benefits, such as property damage from fire, the coverage scopes of most home ins...

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Struggling for Survival: Businesses That Went Thin on Insurance STRUGGLING FOR SURVIVAL: BUSINESSES THAT WENT THIN ON INSURANCE

article

Nov 28, 2019

Imagine several small businesses located around the country. Each is well-established and profitable. Each of them bought business insurance – property, liability, automobile and workers’ compensation. They told their agents they wanted the lowest possible price for coverage, and the age...

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How AI Empowers the Insurance Industry HOW AI EMPOWERS THE INSURANCE INDUSTRY

article

Nov 28, 2019

Every day, thousands of claims, diverse data, and customer queries are produced in the insurance industry, which makes it a perfect environment for AI-driven systems. Indeed, insurance providers must use cutting-edge
 technology in order to stay ahead of fraudsters, reduce losses, and provide the be...

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How can cloud computing help insurance companies go digital? HOW CAN CLOUD COMPUTING HELP INSURANCE COMPANIES GO DIGITAL?

article

Nov 28, 2019

WITH digitalization rapidly transforming the business landscape, it is well established that the first step for any organization going digital is to embrace the cloud. For insurance companies, cloud technology is a godsend. Insurance companies are often seen as businesses struggling to maintain and ...

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Can Augmented Reality be a gamechanger for Insurance? CAN AUGMENTED REALITY BE A GAMECHANGER FOR INSURANCE?

article

Nov 27, 2019

In the event of unexpected or unforeseen instances, getting instant customer support and claims settlement reduces the potential for customer churn during critical customer touch points. However, these processes are iteratively long and cumbersome. For example, typical claims settlement involves ins...

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The do’s and don’ts of cyber security insurance THE DO’S AND DON’TS OF CYBER SECURITY INSURANCE

article

Nov 26, 2019

Cyber security does not exist for its own sake; it’s ultimate aim is to help businesses manage risk. Risk Management 101 tells us there are four possible ways to respond to a risk. While the full responsibility for the risk cannot be transferred, its impact can be reduced. Enter cyber insuranc...

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Where do you see the future of the life insurance industry? WHERE DO YOU SEE THE FUTURE OF THE LIFE INSURANCE INDUSTRY?

video

Nov 26, 2019

Proformex Founder Mike Pepe and Veralytic Founder Barry Flagg discuss the future of the life insurance industry relative to where it has been in the past.

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The Impact of Cloud Computing on the Insurance Industry THE IMPACT OF CLOUD COMPUTING ON THE INSURANCE INDUSTRY

article

Nov 26, 2019

Cloud computing is having a huge impact on the insurance industry, with benefits for internal processes, new customer acquisition, and policyholder loyalty. Cloud Computing has had a huge impact on all sectors, in terms of business processes, production dynamics, and in the relationship with custome...

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Small Business Owners and Insurance SMALL BUSINESS OWNERS AND INSURANCE

video

Nov 25, 2019

As a small business owner you need an insurance agent who can take care not only your commercial insurance needs, but your personal insurance needs as well.

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8 Ways to Save on Auto Insurance 8 WAYS TO SAVE ON AUTO INSURANCE

article

Nov 25, 2019

Rising premiums may leave you wondering what you can do to save money on auto insurance. While you can’t control all of the factors influencing your premiums, there are a number of cost-saving strategies you can use. Your driving record is one of the largest factors that insurers consider when...

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5 Insurance Products You Should Know! 5 INSURANCE PRODUCTS YOU SHOULD KNOW!

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Nov 24, 2019

At Ashburnham Insurance, we look at a plethora of policies that work for you. Our most common products include land insurance, public liability insurance and landlord insurance. But there is a lot more than just these! Take a look at some of these insurance products we can help you with!

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Do I need Liability Insurance when I DO I NEED LIABILITY INSURANCE WHEN I'M ON SITE?

video

Nov 24, 2019

Going on site without Public Liability and Employers liability Insurance can put you out of business should an accident happen. Here are a few reasons why this cover is so important to buy. Construction sites are full of hazards, don't get caught out, let us guide you. Expert guidance & help...

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Seeking Insurance for Cybersecurity-Related Losses SEEKING INSURANCE FOR CYBERSECURITY-RELATED LOSSES

article

Nov 24, 2019

Many of you probably saw the news this past week that Target has filed a lawsuit against one of its insurers over losses the company sustained in connection with the company’s 2014 data breach. The Target lawsuit is the latest in a series of high profile insurance battles in which companies ar...

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Top Reasons You Should Start Shopping for Car Insurance TOP REASONS YOU SHOULD START SHOPPING FOR CAR INSURANCE

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Nov 22, 2019

Whether your car insurance prices have gone up, your policy is expiring soon, you have a new teen driver in the house or an old speeding ticket finally fell off your record, you may find yourself in a situation where shopping for car insurance quotes could help you save some money. The scenarios in ...

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Insurance 101: General Liability Insurance INSURANCE 101: GENERAL LIABILITY INSURANCE

video

Nov 22, 2019

General liability insurance, sometimes referred to as commercial liability insurance, protects businesses from financial loss should they be liable for property damage or personal and advertising injury caused by their services, business operations or employees. This video provides an overview of th...

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8 Traits of the Best Insurance Marketplaces 8 TRAITS OF THE BEST INSURANCE MARKETPLACES

infographic

Nov 21, 2019

The infographic explains what to look for in quality insurance marketplaces, in order to raise awareness to the importance of selecting it well

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Digital Transformation Myths in Insurance DIGITAL TRANSFORMATION MYTHS IN INSURANCE

whitepaper

Nov 21, 2019

In recent years, the tech world has made a sizeable dent in the insurance world. The launch of technology based start ups, such as Wrisk, Brolly and Cuvva has made bare the fundamental fact that the insurance industry was not really synonymous with technological development. That is changing. Many i...

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Streamlining the Automotive Claims Process via Integrated Intelligent Automation STREAMLINING THE AUTOMOTIVE CLAIMS PROCESS VIA INTEGRATED INTELLIGENT AUTOMATION

whitepaper

Nov 21, 2019

As intelligent automation (IA) emerges as a best practice across numerous industries, insurers and technology service providers alike are racing to build out use cases for IA that streamline the various stages of an automotive insurance claim. While automation cannot be viewed as an isolated lever o...

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Is It Time To Review Your Commercial Insurance? IS IT TIME TO REVIEW YOUR COMMERCIAL INSURANCE?

video

Nov 21, 2019

This video outlines scenarios where it may be appropriate to review and adjust your commercial insurance policies.

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What Is Business Interruption Insurance? WHAT IS BUSINESS INTERRUPTION INSURANCE?

article

Nov 21, 2019

Business interruption insurance helps replace lost income and pay for extra expenses when a business is affected by a covered peril. Business interruption coverage (sometimes called business income coverage) is typically part of a business owners insurance policy. Read on to learn how business inter...

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How Much Do You Know About Life Insurance? HOW MUCH DO YOU KNOW ABOUT LIFE INSURANCE?

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Nov 20, 2019

September is National Life Insurance Awareness Month. While most of us seem to agree that life insurance is a necessity, 3 in 10 households remain uninsured — even though many families would have trouble meeting everyday expenses if the primary wage earner died. How does your household stack u...

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The Future of Health Insurance THE FUTURE OF HEALTH INSURANCE

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Nov 20, 2019

Since the 1940s, your access to health insurance has been tied to who you work for or who you are married to. Unless you were independently wealthy it just wasn’t possible to get affordable healthcare. The Affordable Care Act helped more people gain access to affordable health insurance, but a...

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WHY YOU NEED COMMERCIAL AUTO INSURANCE WHY YOU NEED COMMERCIAL AUTO INSURANCE

article

Nov 20, 2019

If you're starting a business — or if you're going to buy a fleet of business vehicles — you should consider commercial auto insurance. This coverage will protect you in the event one of your commercial vehicles are involved in an accident. Here's more about when and why you ...

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Top Trends in Health Insurance: 2020 TOP TRENDS IN HEALTH INSURANCE: 2020

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Nov 20, 2019

The health insurance industry is evolving and undergoing significant changes. As the risk landscape shifts, it is necessary to improve operational efficiencies, cater to evolving customer preferences, and align better with the changing business environment. Payers must adapt and align their business...

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The evolution of fraud in the insurance industry THE EVOLUTION OF FRAUD IN THE INSURANCE INDUSTRY

whitepaper

Nov 20, 2019

In fact, the Coalition Against Insurance Fraud indicates $80 billion of insurance fraud occurs in the U.S. every year.1 But given the often-intangible nature of insurance fraud, this is hardly a firm figure and doesn’t precisely identify operational costs incurred. With many forms of insurance...

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DO YOU NEED BOP INSURANCE IF YOU HAVE OTHER INSURANCE? DO YOU NEED BOP INSURANCE IF YOU HAVE OTHER INSURANCE?

article

Nov 20, 2019

Do you already have other insurance? You may or may not need BOP insurance depending on the coverages that you have. Don't expect your personal insurance coverages, such as your homeowners insurance or car insurance, to cover your business activities. Most personal insurance policies specificall...

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Trends affecting life insurance performance TRENDS AFFECTING LIFE INSURANCE PERFORMANCE

video

Nov 20, 2019

KPMG's National Insurance Sector Leader, David Kells, talks about the trends affecting life insurance performance.

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DECK 7 WEBINAR BENCHMARKS AND BEST PRACTICES REPORT DECK 7 WEBINAR BENCHMARKS AND BEST PRACTICES REPORT

whitepaper

Nov 19, 2019

Read the Deck 7 Webinar Benchmarks & Best Practices Report to see how your webinars measure against market benchmarks. And learn about the best practices

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Benefits of Equipment Breakdown Insurance BENEFITS OF EQUIPMENT BREAKDOWN INSURANCE

article

Nov 19, 2019

Companies need safe and working equipment to operate efficiently and generate revenue. In fact, some organizations rely exclusively on a few pieces of equipment to run their entire business. Following a breakdown, major losses can occur, and many organizations turn to equipment breakdown insurance (...

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Intelligence AI for Insurance INTELLIGENCE AI FOR INSURANCE

video

Nov 19, 2019

The insurance industry continues to undergo significant transformation, with new technologies, business models, competitors, and more demanding customers This video will present how TIBCO helps Insurers to innovate and accelerate operations with the latest AI technology

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Car Insurance - Recommendations for Business Owners CAR INSURANCE - RECOMMENDATIONS FOR BUSINESS OWNERS

video

Nov 18, 2019

Your car is an asset, and as such, it should be protected, by law in some cases, by insurance against it and third parties. Justin goes over the basics of Auto Insurance: bodily injury, property damage, uninsured motorists, medical and collision coverage, and all the add-ons that to consider when ta...

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Future of Claims Intake for Insurance? FUTURE OF CLAIMS INTAKE FOR INSURANCE?

article

Nov 18, 2019

The benefits of advanced claims intake for commercial insurance can seem obscure, cloaked in a mix of digital hype and theory. It’s not surprising that until recently it’s been hard to win buy-in from business leaders to move toward optimizing claims intake. But consider this concrete id...

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Strategies to Successfully Harness AI’s Impact on the Insurance Industry STRATEGIES TO SUCCESSFULLY HARNESS AI’S IMPACT ON THE INSURANCE INDUSTRY

article

Nov 18, 2019

The insurance industry is currently undergoing an important evolution. Over the next five years, artificial intelligence will affect the whole value chain from marketing and distribution, underwriting and pricing, to claims management — driving new customer experiences, products, and operating...

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How to choose the right medical insurance plan for you? HOW TO CHOOSE THE RIGHT MEDICAL INSURANCE PLAN FOR YOU?

video

Nov 18, 2019

Plans that are backed by medical network typically offer an extensive list of doctors and hospitals for you to choose from. Some even support cashless hospital discharge. So make the right selection, for your full satisfaction.

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Artificial Intelligence – Welcome Opportunity or Inescapable Challenge for Insurers? ARTIFICIAL INTELLIGENCE – WELCOME OPPORTUNITY OR INESCAPABLE CHALLENGE FOR INSURERS?

whitepaper

Nov 15, 2019

The proliferation of big data and artificial intelligence (AI) impacts practically every human enterprise and endeavor. The insurance industry is certainly no different, having historically thrived on developments in data, data analytics, AI and other information technologies. Insurance companies ar...

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8 things that insurance agents want you to know about commercial insurance 8 THINGS THAT INSURANCE AGENTS WANT YOU TO KNOW ABOUT COMMERCIAL INSURANCE

article

Nov 14, 2019

Business insurance can be kind of confusing and complicated. There’s a lot of coverages, jargon, and policy information to learn. It’s completely understandable if insurance isn’t your favorite thing. We thought that we’d put together a list of a few things commercial insuran...

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5 Emerging Trends for Insurance in 2020 5 EMERGING TRENDS FOR INSURANCE IN 2020

article

Nov 14, 2019

When it comes to implementing new technology, the insurance industry is rarely considered an early adopter. However, insurance companies have been taking early strides, somewhat in a migratory manner, to adapt to technology advances to help better run operations, improve underwriting and risk manage...

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Three Life Insurance Solutions for the American Digital Nomads THREE LIFE INSURANCE SOLUTIONS FOR THE AMERICAN DIGITAL NOMADS

article

Nov 14, 2019

Are you a U.S. ex-pat traveling the world, or living abroad and working remotely? Exciting lifestyle, but… do you know if your life insurance is covering you while out of the country? Pretty dry stuff considering the lifestyle you’ve chosen, however, if you have life insurance that mean...

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Perils of the open office PERILS OF THE OPEN OFFICE

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Nov 13, 2019

Open offices are often loud, chaotic, and full of distractions that keep your team from getting work done. That’s where we come in, with solutions that avert open office perils. Open offices are often loud, chaotic, and full of distractions that keep your team from getting work done. That&rsqu...

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Adjust Your Claims Audits: 5 Common Issues and How to Fix Them ADJUST YOUR CLAIMS AUDITS: 5 COMMON ISSUES AND HOW TO FIX THEM

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Nov 12, 2019

A carrier’s quality assurance process is the backbone of its success. While not as well-known as underwriting or claims adjusting, QA is a vital part of insurance operations. QA auditors assess open, denied and paid claims to determine if avoidable errors occurred during processing, adjusting ...

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4 Ways to Speed Up the Insurance Restoration Process 4 WAYS TO SPEED UP THE INSURANCE RESTORATION PROCESS

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Nov 12, 2019

The busy season for insurance restoration can be a chaotic time. Work starts coming in all at once, and your crews are juggling multiple projects. Meanwhile, your field team is trying to close more sales, meet with more homeowners and get paid quickly. This hectic period is no time for delays or slo...

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Making Space for Innovation at Insurers MAKING SPACE FOR INNOVATION AT INSURERS

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Nov 12, 2019

Innovation means experimentation, and it can be hard to get a budget approved to spend hundreds of thousands of dollars to potentially fail and get nothing from the investment. Some carriers have “free money to experiment,” and others have found that establishing governance and defining ...

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Artificial Intelligence (AI) and Emerging Business Models in Insurance ARTIFICIAL INTELLIGENCE (AI) AND EMERGING BUSINESS MODELS IN INSURANCE

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Nov 12, 2019

Artificial Intelligence (AI) poses fundamental questions for the insurance industry. How do AI and other forces shape the insurance industry? Can AI be used defensively by incumbent firms or is it purely a disruptive force exploited by new entrants? Loughborough University and Willis Towers Watson a...

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POLY HELPS EMPOWER CONTACT CENTER WORKERS POLY HELPS EMPOWER CONTACT CENTER WORKERS

article

Nov 11, 2019

It’s a well-documented trend that the rise of digital channels such as webchat, apps, FAQs, etc., has led to a change in the way contact centers handle interactions. The routine, “easy” interactions are now handled by self-service channels. Deflecting these low-value interactions h...

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Term Insurance: Benefits Explained TERM INSURANCE: BENEFITS EXPLAINED

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Nov 11, 2019

In this video we have explained various benefits of Term Insurance. Term insurance plan will help you make sure that in your absence your family is protected. Term insurance plans are much easier to understand than insurance plans such as endowment policies, which combines risk cover with savings.

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How technology, data and AI will completely change insurance HOW TECHNOLOGY, DATA AND AI WILL COMPLETELY CHANGE INSURANCE

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Nov 11, 2019

The potential of AI for insurance is enormous, especially as many insurance processes are data-intensive and often repetitive. Many customer inquiries, claim reports or data analyses could theoretically be standardized and automated - ideal prerequisites for using intelligent machines. Smart algorit...

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How Business Owners Package (BOP) Insurance Can Save You Money HOW BUSINESS OWNERS PACKAGE (BOP) INSURANCE CAN SAVE YOU MONEY

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Nov 11, 2019

Business owners package (BOP) insurance gives you several different insurance products rolled into one. Eligibility for this type of package can vary among providers. Purchasing BOP insurance can save your business money, as it is typically sold at a premium less than the total cost of individual co...

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Cargo Insurance Vs. Wholesalers & Distributors Insurance CARGO INSURANCE VS. WHOLESALERS & DISTRIBUTORS INSURANCE

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Nov 10, 2019

Cargo insurance is not the same thing as wholesalers and distributors insurance. If your business is a wholesaler or distributor that ships cargo, you may need both types of insurance. Our experienced agent can review your business policies with you to help ensure you have the coverage you need at t...

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How Artificial Intelligence (AI) is Helping the Insurance Industry in Automation HOW ARTIFICIAL INTELLIGENCE (AI) IS HELPING THE INSURANCE INDUSTRY IN AUTOMATION

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Nov 06, 2019

Insurance is one of the essential contracts made by individuals, corporations, and industries for financial protection or reimbursement against losses. It’s one of the most cautious, heavily regulated industries in the world. With the increase in the latest technologies, insurance activities a...

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What is Key Person Insurance? WHAT IS KEY PERSON INSURANCE?

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Nov 06, 2019

What is Key Person insurance? If you have a key person with your company that you cannot afford not to lose due to death, disability or critical illness, because it would cause significant financial risk and disruption to the company, consider key personal insurance.

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The benefits and limitations of small business insurance THE BENEFITS AND LIMITATIONS OF SMALL BUSINESS INSURANCE

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Nov 06, 2019

Small business insurance can help you comply with state laws, protect your employees, and win more clients. There are numerous examples of small businesses that have experienced significant troubles by failing to insure themselves, not buying enough insurance, or getting the wrong type of coverage. ...

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5 Ways Digital Communities ENHANCE the Insurance Industry Customer Experience 5 WAYS DIGITAL COMMUNITIES ENHANCE THE INSURANCE INDUSTRY CUSTOMER EXPERIENCE

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Nov 05, 2019

This lack of engagement poses a serious problem for an industry whose biggest challenge is finding ways to enhance their customers’ experience to drive business results. As consumer expectations for self-service and digital engagement evolve and competition diversifies, it is more important th...

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Ways to Choose the Right Advertising Method for Your Insurance Business! WAYS TO CHOOSE THE RIGHT ADVERTISING METHOD FOR YOUR INSURANCE BUSINESS!

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Nov 04, 2019

Insurers need to have the right advertising strategy in place to reach their target audience. In this video get to know how to choose the right advertising strategy for your business to yield maximum ROI!

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Life insurance in a digital world LIFE INSURANCE IN A DIGITAL WORLD

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Nov 02, 2019

Life insurance in a digital world requires innovation, flexibility, resiliency and transformation. DXC Assure for Life and Wealth — the enabling solution for digital transformation.

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Surviving a Disaster: Business Insurance Claims for Wildfire Damage SURVIVING A DISASTER: BUSINESS INSURANCE CLAIMS FOR WILDFIRE DAMAGE

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Nov 01, 2019

Wildfire season has arrived this year in full force. Several fires remain uncontained in California, from the Getty Fire in Los Angeles County to the Hillside blaze in San Bernadino. With weather reports calling for more high winds in the areas, firefighters will be working around-the-clock to attem...

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Transforming Insurance with Data and Analytics TRANSFORMING INSURANCE WITH DATA AND ANALYTICS

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Oct 31, 2019

Data and analytics are fundamentally reshaping the Insurance industry today. Check out this infographic on the impact of data, analytics, and machine learning on insurance along with examples how Cloudera is helping drive transformation for key customers here.

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Why You Need Business Insurance WHY YOU NEED BUSINESS INSURANCE

article

Oct 31, 2019

Businesses buy business insurance to help them cover the costs incurred from liability claims and property damage. A business owner without adequate coverage may have to pay for legal claims and costly damages out-of-pocket. Depending on how the severity of the incident, a company may end up going o...

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Insurance Best Practices: Go Digital to Streamline Operations INSURANCE BEST PRACTICES: GO DIGITAL TO STREAMLINE OPERATIONS

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Oct 24, 2019

Customer expectations are higher than ever in the insurance industry, as are the stakes for insurers. They’re faced with the reality that survival depends on how quickly they abandon their business-asusual approach in favor of a more customer-centric mindset. Indeed, today’s insurance cu...

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Innovations in Corporate Income Tax Technology INNOVATIONS IN CORPORATE INCOME TAX TECHNOLOGY

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Oct 24, 2019

From enhancing compliance to optimizing data to elevating strategy, the latest innovations in corporate income tax technology deliver both timely and accurate tax returns and the opportunity to provide highly strategic tax support. Download the following white paper from Thomson Reuters to discover ...

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The Future of Tax Departments: Dissecting the Democratization of Technology, the Rise of the Taxologist, and the Impact of Open Platforms THE FUTURE OF TAX DEPARTMENTS: DISSECTING THE DEMOCRATIZATION OF TECHNOLOGY, THE RISE OF THE TAXOLOGIST, AND THE IMPACT OF OPEN PLATFORMS

whitepaper

Oct 24, 2019

Corporate tax departments are grappling with enormous change on several fronts, much of it driven by dramatic improvements in new and better technology platforms. The pressure to adapt has never been greater, and the consequences of falling behind have never been more punishing. Download the latest ...

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Innovations in Corporate Income Tax Technology INNOVATIONS IN CORPORATE INCOME TAX TECHNOLOGY

whitepaper

Oct 24, 2019

From enhancing compliance to optimizing data to elevating strategy, the latest innovations in corporate income tax technology deliver both timely and accurate tax returns and the opportunity to provide highly strategic tax support. Download the following white paper from Thomson Reuters to discover ...

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The Future of Tax Departments: Dissecting the Democratization of Technology, the Rise of the Taxologist, and the Impact of Open Platforms THE FUTURE OF TAX DEPARTMENTS: DISSECTING THE DEMOCRATIZATION OF TECHNOLOGY, THE RISE OF THE TAXOLOGIST, AND THE IMPACT OF OPEN PLATFORMS

whitepaper

Oct 24, 2019

Corporate tax departments are grappling with enormous change on several fronts, much of it driven by dramatic improvements in new and better technology platforms. The pressure to adapt has never been greater, and the consequences of falling behind have never been more punishing. Download the latest ...

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BUILDING MORE PRODUCTIVITY INTO OUR HEADSETS WITH AMAZON ALEXA AND TILE BUILDING MORE PRODUCTIVITY INTO OUR HEADSETS WITH AMAZON ALEXA AND TILE

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Oct 23, 2019

If you’re like me, one of the first things you do when you leave the house in the morning is put on your headset. I may be joining a meeting, calling a friend, getting coffee – sometimes all three – before I even set foot in the office. When I get to work, I’m collaborating w...

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Can Tesla Really Deliver On Its Promise Of Cheaper Car Insurance? CAN TESLA REALLY DELIVER ON ITS PROMISE OF CHEAPER CAR INSURANCE?

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Oct 23, 2019

Insuring any premium luxury car can prove expensive. How about a state-of-the-art battery-electric car with innovative technology? Tesla has made it clear that at least some insurance companies may be charging a high premium for folks to insure its vehicles.The solution? Tesla has decided to begin o...

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POLY STUDIO IS NOW CERTIFIED FOR MICROSOFT TEAMS POLY STUDIO IS NOW CERTIFIED FOR MICROSOFT TEAMS

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Oct 22, 2019

It seems like every photo shown of a business in action these days features a bunch of people in a huddle room, looking productive – just like our own Poly beauty shot below. But the technology that is IN the room really matters most to the people who are joining remotely – the people NO...

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Renters Insurance: What You Need to Know RENTERS INSURANCE: WHAT YOU NEED TO KNOW

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Oct 22, 2019

No one really sits around thinking about what kind of insurance is lacking in their lives. But if you're renting your home, whether it's an apartment or house, consider getting renters insurance. Based on the average cost from the National Insurance Commission, the average yearly cost comes ...

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These are the top 10 reinsurance companies in the world THESE ARE THE TOP 10 REINSURANCE COMPANIES IN THE WORLD

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Oct 22, 2019

The world’s top 10 reinsurance companies accounted for just over two-thirds of gross written premium in the global non-life reinsurance market in 2018, according to global credit rating agency AM Best.Munich Reinsurance Company narrowly beat Swiss Re Ltd. to the top spot for gross premium writ...

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Which US property/casualty insurance lines have seen premium growth in 2019? WHICH US PROPERTY/CASUALTY INSURANCE LINES HAVE SEEN PREMIUM GROWTH IN 2019?

article

Oct 18, 2019

The US property / casualty (P&C) insurance industry is on its way to achieving a full-year 2019 combined ratio of just below 100%, according to market intelligence and analytics firm, S&P Global. In its ‘2019 US Property and Casualty Insurance Market Report’, S&P Global proje...

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5 Key Insurance Terms 5 KEY INSURANCE TERMS

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Oct 16, 2019

These health insurance terms will help you feel more comfortable and confident the next time you visit a doctor or get a bill.Think of an HSA as a savings account that you can use for qualified medical expenses. Some examples include doctor’s visits, copays, dental care, and prescriptions. The...

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Who has the best cheap car insurance in Georgia? WHO HAS THE BEST CHEAP CAR INSURANCE IN GEORGIA?

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Oct 16, 2019

Finding cheap car insurance in Georgia can take some persistence. Costs vary from one insurer to the next, sometimes by a wide margin, which is why shopping around and comparing several quotes is worth your time. Georgia Farm Bureau had the cheapest rates we found for good drivers with good credit, ...

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The Impact of AI on Insurance THE IMPACT OF AI ON INSURANCE

article

Oct 08, 2019

Historically, the insurance industry has been reluctant to change long established business models in the face of wider technological progress. However, the relationship between insurance and technology has changed more recently, as insurtech has huge potential to transform business models.

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How to lower your medical insurance costs! HOW TO LOWER YOUR MEDICAL INSURANCE COSTS!

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Sep 26, 2019

Here are some ways to lower your medical insurance costs plus a free book on Health insurance!

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Errors and Omissions (E&O) Liability Insurance and How It Can Protect Your Business ERRORS AND OMISSIONS (E&O) LIABILITY INSURANCE AND HOW IT CAN PROTECT YOUR BUSINESS

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Sep 25, 2019

Errors and Omissions (E&O) Insurance, also known as Professional Liability Insurance, can be somewhat cumbersome to understand, but we hope this blog guides you in the right direction to break down the complexities of it so you and your business are properly covered. Here's a breakdown of th...

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Best Car Insurance Companies of 2019 BEST CAR INSURANCE COMPANIES OF 2019

article

Sep 25, 2019

If you drive a vehicle, you need car insurance. Regardless of where you live, car insurance is a no-brainer investment that will save you thousands in the long run since it protects you from paying huge sums out-of-pocket in exchange for a relatively small monthly premium. Of course, not all car ins...

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Additional Business Insurance Your Company May Need ADDITIONAL BUSINESS INSURANCE YOUR COMPANY MAY NEED

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Sep 24, 2019

Along with the main types of Business Insurance, there are some selective insurances that may be necessary for you to have for your business. Justin goes over a few of the most common additional insurances that a business owner might need.

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Digital Transformation – The Future of Insurance Industry DIGITAL TRANSFORMATION – THE FUTURE OF INSURANCE INDUSTRY

article

Sep 24, 2019

According to PwC’s 22nd Annual Global CEO Survey, the insurance companies are more receptive to the technological changes in recent times. Adapting to the changing technological advances in the current global scenario is inevitable and had become imperative for insurance companies to keep up w...

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How much does insurance cost for construction and contracting businesses? HOW MUCH DOES INSURANCE COST FOR CONSTRUCTION AND CONTRACTING BUSINESSES?

article

Sep 24, 2019

Many variables contribute to the cost of construction business insurance, including your type of work and where you operate. Cost estimates are sourced from policies purchased by Insureon customers. Construction and contracting businesses pay a median premium of less than $70 per month, or $825 per ...

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Why is having an Umbrella Insurance Policy important? WHY IS HAVING AN UMBRELLA INSURANCE POLICY IMPORTANT?

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Sep 23, 2019

An umbrella insurance policy gives you an extra layer of protection that fills in the gaps where your other insurance policies end or where standard insurance coverage may not provide enough liability limits to cover a claim. Trusted Choice independent insurance agents contact multiple insurance com...

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