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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

blog 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?

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

blog 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?

blog article

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

blog 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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Spring Cleaning Your Business Insurance SPRING CLEANING YOUR BUSINESS INSURANCE

blog article

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

blog 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

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

blog 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

blog 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

blog 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

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

blog 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?

blog 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

blog 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

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

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

blog 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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How chatbots are driving insurtech HOW CHATBOTS ARE DRIVING INSURTECH

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

blog 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?

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

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

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

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

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

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

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

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

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

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

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

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

blog 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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Best Business Insurance for 2020 BEST BUSINESS INSURANCE FOR 2020

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

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

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

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

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

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

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

blog 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

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

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

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

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

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

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

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

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

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

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

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

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

blog 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

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

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

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

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

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

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

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

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

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

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

blog 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

blog 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?

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

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

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

blog 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

blog 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

blog 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

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

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

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

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

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

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

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

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

blog 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

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

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

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

blog 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

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

blog 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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Five Insurtech predictions for 2020 FIVE INSURTECH PREDICTIONS FOR 2020

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

blog 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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Crime Insurance for All Risks CRIME INSURANCE FOR ALL RISKS

blog 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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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

blog 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

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

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

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

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

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

blog 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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Understanding Professional Liability Insurance Coverage UNDERSTANDING PROFESSIONAL LIABILITY INSURANCE COVERAGE

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

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

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

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

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

blog 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

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

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

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

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

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

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

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

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

blog 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?

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

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

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

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

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

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

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

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

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

blog 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

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

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

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

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

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

blog 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

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

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

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

blog 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

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

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

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

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

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

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

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

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

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

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

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

blog 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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Benefits of Equipment Breakdown Insurance BENEFITS OF EQUIPMENT BREAKDOWN INSURANCE

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

blog 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

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

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

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

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

blog article

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

blog article

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

blog article

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

blog article

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

blog article

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

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

blog article

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

blog article

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

blog article

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

blog article

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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Why You Need Business Insurance WHY YOU NEED BUSINESS INSURANCE

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

blog article

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

blog article

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

blog article

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

blog article

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

blog article

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

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

blog article

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

blog 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!

blog article

Sep 26, 2019

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

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

blog 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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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

blog article

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

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

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

blog article

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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How Can Data Analytics Help Insurance Companies Perform Better? HOW CAN DATA ANALYTICS HELP INSURANCE COMPANIES PERFORM BETTER?

blog article

Sep 21, 2019

It is the question that has already been asked after it was on everybody’s mind for a long time. How can big data help insurance companies – a heavily regulated sector in India and everywhere else in the world – and make them perform better? Especially when it comes to preventing f...

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Digital Insurance: Technologies and Strategies Driving Insurance into the Connected Age DIGITAL INSURANCE: TECHNOLOGIES AND STRATEGIES DRIVING INSURANCE INTO THE CONNECTED AGE

blog article

Sep 19, 2019

The ability to accurately discern the past and predict the future based on nothing but data points and the experience of actuaries and adjusters has served the industry well up to now. Insurance is, after all, a multi-billion-dollar, truly global industry. While this remains the case, the landscape ...

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Is employer-sponsored insurance really a good deal for workers? IS EMPLOYER-SPONSORED INSURANCE REALLY A GOOD DEAL FOR WORKERS?

blog article

Sep 19, 2019

In a great historical irony, the evident faults of employer-sponsored insurance are helping fuel a new appetite for Medicare-for-all, a single-payer system where everybody gets health coverage from the government. But the work-based system, for all its flaws, could also be the biggest barrier to ena...

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5 Benefits of Security Ratings for Insurance Underwriting 5 BENEFITS OF SECURITY RATINGS FOR INSURANCE UNDERWRITING

blog article

Sep 19, 2019

Many underwriters today offer cyber insurance, designed to protect businesses from the effects of cyberattacks and data breaches. Cyber insurance is a relatively new area, and underwriters are always looking for ways to better understand cyber risk. The goal, as with all types of insurance, is to ma...

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Can S Corporations Offer Health Insurance to Employees? CAN S CORPORATIONS OFFER HEALTH INSURANCE TO EMPLOYEES?

blog article

Sep 18, 2019

Group health insurance often seems more affordable for larger companies. According to Bureau of Labor Statistics (BLS) stats cited by Fundera, 88% of employers with more than 500 employees offer health insurance, while only 55% of employers with fewer than 100 employees offer these benefits. Under t...

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How blockchain technology disrupt the insurance industry HOW BLOCKCHAIN TECHNOLOGY DISRUPT THE INSURANCE INDUSTRY

blog article

Sep 17, 2019

While blockchain technology has been subject to extreme hype, its true killer applications are likely to be in some of the most antiquated fields out there. And it has the ability to be a transformative force for industries like insurance, which require the coordination and cooperation of many diffe...

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Should You Get Car Insurance for Your Small Business? SHOULD YOU GET CAR INSURANCE FOR YOUR SMALL BUSINESS?

blog article

Sep 17, 2019

Does your personal auto insurance cover work-related driving? Small business car insurance may not be top of mind, until you or an employee hit a patch of ice and crunch. Depending on your policy, you may need extra protection to cover such mishaps. Here’s how you can tell whether you need com...

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Five Tips for Preventing Struck by Object Liability Claims FIVE TIPS FOR PREVENTING STRUCK BY OBJECT LIABILITY CLAIMS

blog article

Sep 17, 2019

If you’re familiar with your business insurance plan, you’ve probably examined its professional liability coverage to great extent. Between employee slip-and-fall injuries, construction site injuries, fleet accidents and more, there are a lot of situations which can result in financial t...

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Motor Insurance Accident Tips & Claims Process MOTOR INSURANCE ACCIDENT TIPS & CLAIMS PROCESS

blog article

Sep 17, 2019

Motor insurance is arguably the most popular coverage buyers choose from the market. As car drivers travel more and more in the city and navigate through the busy roads, their auto policy needs also increase. In fact, the number of insurance providers providing their services in the market has also ...

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4 Things You Should Consider Before Buying Medicare Supplemental Insurance 4 THINGS YOU SHOULD CONSIDER BEFORE BUYING MEDICARE SUPPLEMENTAL INSURANCE

blog article

Sep 16, 2019

The older people become, the higher their health care costs climb. In fact, a Washington Post article reported that in just one year, seniors could withdraw as much as $3,789 each from their retirement savings and nest eggs to pay for medical bills. After retirement, many seniors rely on Medicare to...

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Best Cheap Car Insurance Companies for 2019 BEST CHEAP CAR INSURANCE COMPANIES FOR 2019

blog article

Sep 16, 2019

Car insurance is a necessary evil. It may seem like money going nowhere until you get into an accident, and then it’s more important than ever that you’re getting the most out of what you’ve been paying for auto insurance. Finding the cheapest car insurance near you might seem like...

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Cost of Group Health Insurance for a Small Business COST OF GROUP HEALTH INSURANCE FOR A SMALL BUSINESS

blog article

Sep 16, 2019

Small business owners find that offering their employees affordable group health insurance is a surefire way to help their business grow. Luckily, the ACA and other laws make sure that the cost of healthcare is kept low and reasonable. As a small business owner with group health plans, you’ll ...

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10 innovative startups in the insurance industry 10 INNOVATIVE STARTUPS IN THE INSURANCE INDUSTRY

blog article

Sep 13, 2019

Examples of clever things new insurance businesses are doing to overcome long-standing pain points, delight customers, and generate new revenue streams. Our experts analyzed the most innovative new businesses within the insurance industry and handpicked 10 remarkable startups. Why should you care? W...

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8 Things to Consider When Buying or Selling an Insurance Agency 8 THINGS TO CONSIDER WHEN BUYING OR SELLING AN INSURANCE AGENCY

blog article

Sep 13, 2019

Insurance agency acquisitions and deal values are near an all-time high and all expectations are that deal flow in 2019 will match or exceed last year’s numbers. And while reported numbers tend to skew towards larger agency transactions there are many agency deals that involve small, local fir...

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How to Protect Your Business in 4 Easy Ways HOW TO PROTECT YOUR BUSINESS IN 4 EASY WAYS

blog article

Sep 12, 2019

Purchase insurance not only for yourself but also for the business. It can help cover the costs of any liability and damages. Insurance helps to defray spending personal money out of pocket against the legal claims. As you enter the challenging and fascinating world of business, remember to protect ...

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Top 5 Big Data Applications in Banking & Insurance TOP 5 BIG DATA APPLICATIONS IN BANKING & INSURANCE

blog article

Sep 11, 2019

By nature, the banking, financial services, and insurance (BFSI) sector have always been data-driven. However, today, institutions in the BFSI sector are increasingly striving to adopt a full-fledged data-driven approach that can only be possible with Big Data technologies. With Big Data Analytics, ...

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Landlord Insurance: what does it cover and why do you need it? LANDLORD INSURANCE: WHAT DOES IT COVER AND WHY DO YOU NEED IT?

blog article

Sep 11, 2019

Being a property landlord can be a highly lucrative way to earn a living and it can seem, for the most part, like an easy way to do so as well. However, when things don’t go your way, you need to ensure that your interests are protected and the best way to do this is to make sure that you&rsqu...

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Employment Practices Liability Insurance: Does Your Business Need EPLI? EMPLOYMENT PRACTICES LIABILITY INSURANCE: DOES YOUR BUSINESS NEED EPLI?

blog article

Sep 11, 2019

Employment practices liability insurance (EPLI) protects businesses when they are sued for employment discrimination, harassment, unlawful termination, or similar claims. EPLI covers the business’s cost to defend against or settle such employment-related lawsuits. Most business owners rely on ...

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The Rising Need for Cyber Insurance THE RISING NEED FOR CYBER INSURANCE

blog article

Sep 10, 2019

Earlier this year, Norsk Hydro, one of the world’s largest aluminum producers, was hit by the ransomware virus LockerGoga. Production shut down across 40 countries, and some 35,000 employees were warned not to use computers, laptops, or cell phones of any kind. Norsk Hydro’s losses inclu...

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The Role of Sales in Sales Enablement THE ROLE OF SALES IN SALES ENABLEMENT

blog article

Sep 10, 2019

However, with a regular commute time that consumes a couple of hours each day, I have shifted my focus to podcasts and audiobooks. One of my favorite podcasts is the Inside Sales Enablement series by Scott Santucci and Brian Lambert. In their last episode, they spent time reviewing their thoughts an...

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Implementing Buyer Enablement in Your Sales Enablement Strategy (2019) IMPLEMENTING BUYER ENABLEMENT IN YOUR SALES ENABLEMENT STRATEGY (2019)

blog article

Sep 10, 2019

The majority of the time I only had access to two TV channels, three on a good weather day, and I vividly remember when I first saw a color television. At this time, products and services were limited, and buyer choices were almost non-existent. Fast-forward to 2019. Not only do I have access to hun...

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MANAGING YOUR INSURANCE CLAIM AFTER DISASTER MANAGING YOUR INSURANCE CLAIM AFTER DISASTER

blog article

Sep 09, 2019

If Hurricane Dorian left its imprint on your home or business, you’ve likely already started the claims process with a call to your insurer. Knowing what happens next will be helpful as the recovery begins. The insurance claims process is indeed a process. There are steps involved and requirem...

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MIND THE GAP – DOES INSURANCE COVER FOR ACCIDENTS IN A HOME OFFICE? MIND THE GAP – DOES INSURANCE COVER FOR ACCIDENTS IN A HOME OFFICE?

blog article

Sep 09, 2019

Home Office – a modern solution from which both employees and companies can benefit. But even though it is very popular, many legal aspects have not yet been adequately addressed. On this matter, the Social Welfare Court (SG) in Munich had to decide a rather complex case (4 July 2019; docket n...

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Benefits of Metadata Management Automation in the Insurance Industry BENEFITS OF METADATA MANAGEMENT AUTOMATION IN THE INSURANCE INDUSTRY

blog article

Sep 08, 2019

Modern businesses live and die by the quality of the data they collect and use. Retail companies—both e-commerce and brick-and-mortar as well as manufacturing, transportation, and services, have come to think of themselves as “data companies.” Perhaps nowhere is this truer than in ...

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Voluntary Term Life Insurance Vs. Voluntary Permanent Life Insurance VOLUNTARY TERM LIFE INSURANCE VS. VOLUNTARY PERMANENT LIFE INSURANCE

blog article

Sep 07, 2019

Voluntary life insurance is an optional benefit offered to employees by employers. It pays cash benefits to a beneficiary upon the death of the insured. In exchange for the employer’s guarantee of payment of these benefits, the employee pays a monthly premium. Typically, employer sponsorship m...

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Should you buy disability insurance from your employer? SHOULD YOU BUY DISABILITY INSURANCE FROM YOUR EMPLOYER?

blog article

Sep 06, 2019

It’s almost time for open enrollment season, which means you’ll have the chance to sign up for workplace benefits your employer offers or make adjustments to the ones you’re already receiving. Chances are, you’ll pay the most attention to the health, dental and vision insuran...

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Developments in blockchain: Shaping the future of insurance DEVELOPMENTS IN BLOCKCHAIN: SHAPING THE FUTURE OF INSURANCE

blog article

Sep 05, 2019

The openIDL is an open blockchain network that streamlines burdensome and expensive regulatory reporting, providing new insights for insurance carriers while increasing the timeliness, accuracy, and value of data reports for regulators. In order to provide insight into the health of the insurance ma...

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THE BEST WAY TO AVOID COMMON HOME INSURANCE CLAIMS THE BEST WAY TO AVOID COMMON HOME INSURANCE CLAIMS

blog article

Sep 05, 2019

As a homeowner, you love the protection that your personal insurance in Dallas, Texas, offers. However, just because you have insurance doesn’t mean that you want to access it for every little issue that comes your way. The best way to avoid unnecessary home insurance claims is by preventing d...

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What Are The Risks Of Cybersecurity Insurance? WHAT ARE THE RISKS OF CYBERSECURITY INSURANCE?

blog article

Sep 04, 2019

Cyber security is a critical concern for organizations of all sizes. While the benefits of information technology are apparent, the risks that IT brings are formidable. There is a growing prevalence of cyber-attacks including hacking, phishing, identity theft, ransomware and DDoS. So let’s tak...

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Do Ransomware Attackers Single Out Cyber Insurance Holders? DO RANSOMWARE ATTACKERS SINGLE OUT CYBER INSURANCE HOLDERS?

blog article

Sep 03, 2019

Many ransomware attacks are "spray and pray," with criminals unleashing crypto-locking malware installers, often via spam or phishing campaigns, to opportunistically infect as many organizations as possible, regardless of their size or industry, security experts say. Some ransomware-wieldi...

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Difference Between A Letter Of Credit & Export Credit Insurance DIFFERENCE BETWEEN A LETTER OF CREDIT & EXPORT CREDIT INSURANCE

blog article

Sep 03, 2019

In today’s competitive and unpredictable global economy, it’s now more important than ever for companies to protect themselves with robust trade credit insurance policies. Does your business export goods and services overseas? Then you may be wondering if your business should use a lette...

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What Is Product Liability Insurance Coverage? WHAT IS PRODUCT LIABILITY INSURANCE COVERAGE?

blog article

Aug 30, 2019

What happens when a customer uses your product and gets hurt by it? What if it makes them fall sick? As a business owner, these are real scenarios that you need to be prepared for! One way to help protect your business is by having product liability insurance. Here is what product liability is and h...

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Why Is Insurance Important In Trade? WHY IS INSURANCE IMPORTANT IN TRADE?

blog article

Aug 28, 2019

Commercial trade insurance is critical for businesses in today’s competitive global economy. Insurance for trade and commerce enables businesses to create a robust risk management policy, while trade credit insurance protects them from customer bankruptcy and instability that can occur in fore...

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5 tips on finding health insurance for your small business employees 5 TIPS ON FINDING HEALTH INSURANCE FOR YOUR SMALL BUSINESS EMPLOYEES

blog article

Aug 27, 2019

For finding the right coverage, some can use SHOP to source and sign up for employee health insurance plans. But, for others, it’s not as straightforward. While anyone can use SHOP, there are a few other options open to employers with 50 or more FTEs. Here are those options: Get some help and ...

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Tax reform of the day: have one rate of national insurance on all earnings TAX REFORM OF THE DAY: HAVE ONE RATE OF NATIONAL INSURANCE ON ALL EARNINGS

blog article

Aug 27, 2019

National insurance is in some ways a quite complex tax. It is also one riddled with anomalies that date from the era when it pretended to be insurance and not a tax like any other. One of the consequences of that continuing misrepresentation within this tax is that higher levels of earnings from emp...

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3 Tips for Finding the Cheapest Life Insurance in 2019 3 TIPS FOR FINDING THE CHEAPEST LIFE INSURANCE IN 2019

blog article

Aug 27, 2019

If so, you’re living on the razor-edge of uncertainty. If you’re your family’s breadwinner and you pass on today, who will take care of your family’s financial needs? Without life insurance, they will be left to fend for themselves. If you don’t want this to happen to y...

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Tech Trends – That Will Change the Future of Insurance Business! TECH TRENDS – THAT WILL CHANGE THE FUTURE OF INSURANCE BUSINESS!

blog article

Aug 23, 2019

Today, the way insurers do their business mostly depends on technology rather than manual efforts. As this is a competitive business world, everyone needs to brush their skills and tools at the earliest. The multiple communication systems or you can say digitalization can help insurers to build a co...

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How Many Of My Employees Need Key Person Insurance? HOW MANY OF MY EMPLOYEES NEED KEY PERSON INSURANCE?

blog article

Aug 22, 2019

Key person insurance can help protect your business in the same way that life insurance helps protect your family. The most valuable asset of any business is its people, and a company can become dependent on certain key persons for its success. If you have executives or employees who are critical to...

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HOW INSURERS CAN BOOST THEIR READINESS FOR CLOUD ADOPTION HOW INSURERS CAN BOOST THEIR READINESS FOR CLOUD ADOPTION

blog article

Aug 22, 2019

The benefits of cloud adoption are very apparent to insurers. While costs savings is the most frequently cited benefit, many insurers also believe cloud will boost their ability to bring new products and services to market, facilitate integration following mergers and acquisitions, improve product r...

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Creating Content That Improves CX: A Q&A with Lionbridge & Aprimo CREATING CONTENT THAT IMPROVES CX: A Q&A WITH LIONBRIDGE & APRIMO

blog article

Aug 21, 2019

Today’s brands face numerous challenges. They need to create a customized, excellent experience for each and every customer worldwide. To do that, they need to create high-quality, on-target content. They need to create that content quickly, effectively, and for audiences who speak multiple la...

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Going Global 101: How Your Competition Can Be Your Best Resource GOING GLOBAL 101: HOW YOUR COMPETITION CAN BE YOUR BEST RESOURCE

blog article

Aug 20, 2019

Lace-up your sneakers and step up to the starting line: you’re ready to reach countless customers in new markets. You’ve secured your spot in the Global Marketplace (whether by default or design). But before you sprint away, take a good look around you. You are not alone in this race. Yo...

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What does catering business insurance cover for small business owners? WHAT DOES CATERING BUSINESS INSURANCE COVER FOR SMALL BUSINESS OWNERS?

blog article

Aug 19, 2019

This type of commercial policy is designed to cover the liabilities specific to this type of company. Catering business insurance is a type of commercial coverage designed to provide small business owners with protection against the liabilities specific to this type of service. These entrepreneurs d...

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How Motor Fleet Insurance Works HOW MOTOR FLEET INSURANCE WORKS

blog article

Aug 19, 2019

Motor Fleet insurance coverage in a nutshell is acquiring protection for 3 or extra autos which are coated underneath the identical coverage. This then is utilized as a single coverage for all autos, somewhat than an identical particular person insurance policy. This coverage is relevant for individ...

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IT’S TIME FOR SMALL COMMERCIAL INSURERS TO STOP FAILING CUSTOMERS IT’S TIME FOR SMALL COMMERCIAL INSURERS TO STOP FAILING CUSTOMERS

blog article

Aug 19, 2019

First, the Federal Emergency Management Agency (FEMA) continues to report that 40 to 60 percent of small businesses never reopen their doors after a FEMA-declared natural disaster. Of those that do reopen, another 25 percent go out of business within a year. This statistic has been widely reported f...

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The Sharing Economy is Creating New Challenges – and New Opportunities for Home Insurance Carriers THE SHARING ECONOMY IS CREATING NEW CHALLENGES – AND NEW OPPORTUNITIES FOR HOME INSURANCE CARRIERS

blog article

Aug 16, 2019

Welcome to the world of the sharing economy, sometimes called a “gig economy” – where everyone can provide short-term services for people who need them. Renting out a room in your home is not a new idea, but thanks to the rise of digital platforms to match supply with demand, it ha...

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DIVERSE VOICES STRENGTHEN BRAND CHARACTER DIVERSE VOICES STRENGTHEN BRAND CHARACTER

blog article

Aug 14, 2019

What character appears in the most films and television programs? Dracula? God? Santa Claus? All of those make the top ten list, but none is the correct answer. Satan (or The Devil) is a character is more than 840 projects – more than any other character. If you limit the list to mortals, the ...

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CX IN THE AGE OF PRIVACY AND TRUST, PART 3: CAN WE (RE)BUILD TRUST? CX IN THE AGE OF PRIVACY AND TRUST, PART 3: CAN WE (RE)BUILD TRUST?

blog article

Aug 14, 2019

This is the third in a series of articles on creating, maintaining, and optimizing great customer experiences in the context of mounting concerns about privacy and increasingly strict regulations governing data processing. We address topics such as consent strategies, the role of trust, the elements...

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Is now a good time to buy life insurance? IS NOW A GOOD TIME TO BUY LIFE INSURANCE?

blog article

Aug 14, 2019

If you’re wondering when to buy life insurance, here’s an easy rule of thumb: The fact that you’re asking the question probably means the answer could be “right now.” Let us explain. The point of life insurance is to help financially protect your dependents (such as a s...

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AI and Transformation in Insurance: Key Benefits and Challenges AI AND TRANSFORMATION IN INSURANCE: KEY BENEFITS AND CHALLENGES

blog article

Aug 13, 2019

In terms of where automation can add value – and reduce risk – it’s helpful to consider that around 80% of the time of a typical data scientist is spent in data assembly or what we could loosely call data preparation, data collecting, cleaning and preparing it for modelling, includ...

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NEW TAX On The 2A & Liability Insurance? NEW TAX ON THE 2A & LIABILITY INSURANCE?

blog article

Aug 12, 2019

California is at it again trying to tax nearly everything involved in practicing your 2nd Amendment rights with AB 18.a

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Common Problems That Arise With Filing for Insurance Claims COMMON PROBLEMS THAT ARISE WITH FILING FOR INSURANCE CLAIMS

blog article

Aug 12, 2019

Insurance cover is something that everyone should have in place because of the protection they provide, but there are slight problems that occasionally arise with insurance policy contracts, mostly at the points of filing for compensation insurance claims. Some of these common problems are highlight...

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3 SCENARIOS WHERE YOU’D NEED HOME INSURANCE 3 SCENARIOS WHERE YOU’D NEED HOME INSURANCE

blog article

Aug 12, 2019

Protecting your home is of utmost importance. It is your most valuable asset, after all, and at Statewide Insurance Solutions, we understand that your property means more to you than just its monetary value. It’s your home, where you raise your family and make your memories. It only makes sens...

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Why Burial Life Insurance Is Different From State To State WHY BURIAL LIFE INSURANCE IS DIFFERENT FROM STATE TO STATE

blog article

Aug 11, 2019

Of course, you can get life insurance regardless of what state you live in. There are several laws that regulate how your state treats you once you die. In fact, these laws and regulations influence your final expense insurance, burial insurance, and pre-need burial plans. The reason for this impact...

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Mortgage Insurance vs. Life Insurance MORTGAGE INSURANCE VS. LIFE INSURANCE

blog article

Aug 09, 2019

Whether it’s your first mortgage, or you’re renewing, there is tremendous value in getting insurance. It’s vital to ensure your mortgage is paid for should you or your significant other passes away. However, you’ve spent a lot of time looking for the right house or finding th...

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Who should own a term life insurance policy? WHO SHOULD OWN A TERM LIFE INSURANCE POLICY?

blog article

Aug 08, 2019

Do you spend your evenings thinking about who should own a term life insurance policy on your life? Probably not, but it’s a very important factor to consider when putting financial protection into place for your loved ones. The vast majority of people choose to buy a policy that insures their...

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Correcting Unsafe Issues to Minimize Insurance Claims CORRECTING UNSAFE ISSUES TO MINIMIZE INSURANCE CLAIMS

blog article

Aug 08, 2019

Dangerous conditions create high-risk environments for business owners. When an unsafe condition exists, it is essential to take immediate steps to correct it. Leaving it, even for a moment, puts other people at risk. It also increases the likelihood you will need to file a business insurance claim....

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How insurance companies can decide on which CX Metrics to use HOW INSURANCE COMPANIES CAN DECIDE ON WHICH CX METRICS TO USE

blog article

Aug 07, 2019

In most organizations, including insurance, it is difficult to get agreement on which metrics should be used to proactively monitor, measure and improve CX. This is further complicated when you consider that the range of possible CX metrics is extensive. For example, the majority of large organizati...

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Artificial Intelligence Can Potentially Alter How We Do Business Insurance ARTIFICIAL INTELLIGENCE CAN POTENTIALLY ALTER HOW WE DO BUSINESS INSURANCE

blog article

Aug 07, 2019

It would seem that there isn’t a thing that artificial intelligence isn’t going to alter. After all, it’s touted to be the technological development of the decade. Soon we’ll have artificial intelligence in almost every tech that we currently make heavy use of, whether it&rsq...

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BEST BUSINESS LOANS FOR YOUR INSURANCE AGENCY IN 2019 BEST BUSINESS LOANS FOR YOUR INSURANCE AGENCY IN 2019

blog article

Aug 06, 2019

Being an insurance agent or running an insurance company is not a child’s play. As this job involves a massive amount of interaction with concerned families, excited individuals, and well-established and flourishing multinational companies, so you must possess some characteristics – exce...

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How to File a Claim for Damage from a Natural Disaster HOW TO FILE A CLAIM FOR DAMAGE FROM A NATURAL DISASTER

blog article

Aug 06, 2019

There is no doubt that a true natural disaster can cause significant damage to your car. You may find yourself overwhelmed in the moments after the event. What should you do? What can you do to ensure you get your vehicle repaired? If Mother Nature has you wondering what to do next, consider these h...

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What Is Stop Loss Insurance, and Does Your Business Need It? WHAT IS STOP LOSS INSURANCE, AND DOES YOUR BUSINESS NEED IT?

blog article

Aug 02, 2019

Stop loss insurance helps self-insured businesses limit liability in the event of a catastrophic health claim or large number of claims. Stop loss insurance places a cap on the business’s liability for an individual employee’s claims, as well as aggregate claims across the company. As a ...

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Benefits of Using AI Chatbots in Insurance BENEFITS OF USING AI CHATBOTS IN INSURANCE

blog article

Aug 02, 2019

Today, chatbots are enabling new efficiencies by resolving thousands of queries simultaneously. As new technologies make bots more intelligent, their applications in the insurance industry are bound to increase in the coming years. With the help of chatbots, insurance companies can explain complex p...

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How to get car carrier insurance HOW TO GET CAR CARRIER INSURANCE

blog article

Aug 02, 2019

If you have an auto hauling business, there are many risks you face on a daily basis. That’s why it’s so important to get car carrier insurance to protect your business. But getting insurance for your business might sound complicated and time-consuming. And beyond that, how do you get ca...

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Protecting Your Business from Social Engineering Fraud with Insurance PROTECTING YOUR BUSINESS FROM SOCIAL ENGINEERING FRAUD WITH INSURANCE

blog article

Jul 31, 2019

Social engineering fraud refers to scams that rely on psychological manipulation to convince the victims into surrendering restricted, sensitive information and funds by exploiting their trust. These attacks have become commonplace, with close to 83% of companies reporting that they’ve experie...

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What Types of Vehicles Does Recreational Insurance Cover? WHAT TYPES OF VEHICLES DOES RECREATIONAL INSURANCE COVER?

blog article

Jul 30, 2019

Recreational vehicle insurance does not just cover RVs. This type of insurance covers all recreational vehicle types like watercraft. This blog from Kingdom Tree Insurance Group of Tallahassee, FL explains the types of vehicles covered by recreational insurance to make it easier for you to find the ...

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Managing the Risk of Data Breaches with Insurance MANAGING THE RISK OF DATA BREACHES WITH INSURANCE

blog article

Jul 30, 2019

Every day more than 6 million data records are compromised, and even though cybersecurity spending is rapidly increasing, cases of data breaches are at an all-time high. Additionally, data breaches are becoming more and more expensive, with the average cost reaching $3.86 million per occurrence in 2...

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Plan Now for Long-Term Medical Care Expenses PLAN NOW FOR LONG-TERM MEDICAL CARE EXPENSES

blog article

Jul 30, 2019

As with most medical insurance policies, long-term care insurance is designed to help put you in a better financial situation when unexpected health concerns arise. Long-term health care policies spring into action when difficult medical conditions cause individuals to lose some or all of their abil...

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10 surprising things that impact home insurance costs 10 SURPRISING THINGS THAT IMPACT HOME INSURANCE COSTS

blog article

Jul 29, 2019

The cost of homeowner’s insurance is based on more than how big your home is, where it’s located or how much stuff you own. Some insurance companies just charge more than others for the same quality and level of insurance coverage, which is why it’s so important to shop around for ...

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Why is individual health insurance important? WHY IS INDIVIDUAL HEALTH INSURANCE IMPORTANT?

blog article

Jul 29, 2019

In today’s day and age of increasing hospitalization costs and high vulnerability to diseases due to pollution and bad food and lifestyle choices, having a health insurance plan is more important than ever. Despite being one of the fastest growing economies in the world, our public healthcare ...

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Will your insurance protect you from a social media lawsuit? WILL YOUR INSURANCE PROTECT YOU FROM A SOCIAL MEDIA LAWSUIT?

blog article

Jul 29, 2019

Social media has grown by leaps and bounds over the past decade. What many people don't understand are the unique risks that come along with social networking. Anyone using Facebook, Instagram, Twitter, LinkedIn or any other social networking site should exercise extreme caution in what they dec...

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Are you insuring your most valuable asset? – Your Job ARE YOU INSURING YOUR MOST VALUABLE ASSET? – YOUR JOB

blog article

Jul 26, 2019

You insure your car. You insure your home. Are you insuring your most valuable asset? You’re Job! If the unexpected were to occur, would you be able to support yourself for 6 months, 1 year or possibly longer? Disability Income Insurance protects the most important asset. Traditional policies ...

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How the Ogden rate change impacts the insurance industry HOW THE OGDEN RATE CHANGE IMPACTS THE INSURANCE INDUSTRY

blog article

Jul 26, 2019

It was announced on Monday 15 July that the Ogden discount rate will marginally increase from -0.75% to -0.25% with effect from 5 August 2019. This was a disappointing result for the insurance industry, which had anticipated a positive rate. The government had indicated to the industry and financial...

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What Insurance Do Gas Fitters Need? WHAT INSURANCE DO GAS FITTERS NEED?

blog article

Jul 25, 2019

Working with gas is a very risky business where one simple mistake can potentially cause major damage to property or injury. Gas Safe engineers are regulated by the Gas Safe Register, where they have to prove that they are competent to work as a gas fitter. If you work as a gas fitter, you’ll ...

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Why Do Senior Citizens Need Medical Insurance? WHY DO SENIOR CITIZENS NEED MEDICAL INSURANCE?

blog article

Jul 25, 2019

With age, the need for health insurance becomes stronger. A number of diseases and ailments occur, as you get older. These ailments require medical attention. In such a situation, health insurance for senior citizens proves useful to tackle the financial burden. A senior citizen health insurance pla...

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Understanding the insurance claims payment process UNDERSTANDING THE INSURANCE CLAIMS PAYMENT PROCESS

blog article

Jul 25, 2019

After a disaster, you want to get back to normal as soon as possible, and your insurance company wants that too! You may get multiple checks from your insurer as you make temporary repairs, permanent repairs and replace damaged belongings. Here's what you need to know about claims payments.

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Student Car Insurance Explained STUDENT CAR INSURANCE EXPLAINED

blog article

Jul 25, 2019

The term student car insurance is not about a specific type of insurance. Rather, it is about how car insurance works for students who are either new drivers or those who are going away to college. Sometimes, these drivers qualify for lower insurance rates, but they also have higher risks. If you ar...

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What affects the cost of dump truck insurance? WHAT AFFECTS THE COST OF DUMP TRUCK INSURANCE?

blog article

Jul 24, 2019

If you have a dump truck business, you know you need to have the right insurance. Your trucks and your business are your livelihood, so you need to make sure that your vehicles and your business are protected. But the only thing is that getting insurance for dump trucks sounds expensive. We’re...

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Can an Insurer Pay Insured’s Contractor Directly, Even When There Is a Dispute Regarding the Contractor’s Work? CAN AN INSURER PAY INSURED’S CONTRACTOR DIRECTLY, EVEN WHEN THERE IS A DISPUTE REGARDING THE CONTRACTOR’S WORK?

blog article

Jul 24, 2019

Always double check the insured’s contract with a contractor doing repair work for a claim. The California Court of Appeal recently ruled, in Jozefowicz v. Allstate Insurance Company, that an insurer can directly pay a contractor when the contract provided that the contractor was appointed as ...

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Teen Drivers and Auto Insurance TEEN DRIVERS AND AUTO INSURANCE

blog article

Jul 23, 2019

Most teens can’t wait for the freedom that a driver’s license represents. Most parents, though, groan with anxiety. While this may be a reasonable reaction, young drivers still need insurance coverage if they are going to drive. The problem is that teens, on average, have a higher ticket...

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How to Avoid the Most Common Car Insurance Claims HOW TO AVOID THE MOST COMMON CAR INSURANCE CLAIMS

blog article

Jul 23, 2019

Statistically speaking, an average driver will get into three or four accidents throughout their lifetime, leading to a car insurance claim. Sometimes, a car insurance claim is completely unavoidable: after all, someone else could hit you at any time. But there are some common car insurance claims t...

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How to Properly Protect Your Fintech Company with Insurance HOW TO PROPERLY PROTECT YOUR FINTECH COMPANY WITH INSURANCE

blog article

Jul 23, 2019

Within the technology ecosystem, financial technology, or “fintech,” is one of the fastest-growing sectors. Easily one of the more dynamic industries right now, fintech companies are taking the world of finance by storm and aggressively modernizing an industry in which innovation has bee...

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Does my home insurance cover if someone hits my mailbox? DOES MY HOME INSURANCE COVER IF SOMEONE HITS MY MAILBOX?

blog article

Jul 23, 2019

There are a variety of ways that someone may hit your mailbox. There could have been a group of kids that toppled it over for fun or a driver that wasn’t paying the best attention to the road. Either way, the remains are lying in a heap on your lawn. But is it big enough of a deal for your hom...

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9 bizarre claims made on travel insurance policies 9 BIZARRE CLAIMS MADE ON TRAVEL INSURANCE POLICIES

blog article

Jul 23, 2019

Travel insurance can be a saving grace for you and your family when you go on holiday. If you’ve ever had to claim on your travel insurance policy, statistics would suggest that you probably had your trip cancelled or had your luggage stolen - or perhaps your car was licked by a herd of cows, ...

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The New Standard in Insurance for Startups Gets Even Better THE NEW STANDARD IN INSURANCE FOR STARTUPS GETS EVEN BETTER

blog article

Jul 23, 2019

Today, with the launch of our fully-automated policies for Errors and Omissions and Cyber coverage, which we custom-made for technology companies, we’ve officially completed the rollout of our Startup Program. Building a startup is brutally hard. I feel a great deal of appreciation to anyone a...

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Do you need travel insurance? You better read this DO YOU NEED TRAVEL INSURANCE? YOU BETTER READ THIS

blog article

Jul 22, 2019

Do you need travel insurance for your upcoming summer vacation? You’re not alone. It’s going to be a big year for travel insurance. Really big. A survey by the travel insurance comparison site Squaremouth predicts 24% more travelers will insure their international trips in 2019 than last...

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5 Benefits of Gold Travel Insurance 5 BENEFITS OF GOLD TRAVEL INSURANCE

blog article

Jul 19, 2019

Taking out Travel Insurance is extremely important before going on holiday, especially if you have pre-existing medical conditions, but with multiple insurers to choose from and varying levels of cover, what kind of policy do you really need? The type of cover you need will depend on the type of hol...

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Coverage In Action: Cyber Liability Insurance COVERAGE IN ACTION: CYBER LIABILITY INSURANCE

blog article

Jul 19, 2019

As technology becomes increasingly important for successful business operations, the value of a strong cyber liability insurance policy continues to grow. The continued rise in the amount of information stored and transferred electronically has resulted in a remarkable increase in the potential expo...

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Your guide to buying affordable term life insurance online YOUR GUIDE TO BUYING AFFORDABLE TERM LIFE INSURANCE ONLINE

blog article

Jul 18, 2019

Whether it’s ordering groceries on your phone, doing some day care intel on your laptop or scrolling through your tablet device to get caught up on your budget, it’s a fact that most of your to-do lists can get done online and on your own time. The same is true for purchasing quality ter...

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What is JCT 21.2.1 insurance, and who needs it? WHAT IS JCT 21.2.1 INSURANCE, AND WHO NEEDS IT?

blog article

Jul 17, 2019

Tokio Marine HCC’s Julian Goodall considers the snappily-named clause developed to iron out liability issues in construction. Imagine drinking your relaxing, morning coffee and then suddenly noticing that cracks are starting to appear in your living room wall that you share with your neighbour...

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Driving digital transformation in insurance DRIVING DIGITAL TRANSFORMATION IN INSURANCE

blog article

Jul 17, 2019

For insurance companies, digital transformation isn’t a business decision, it’s a survival strategy. Insurance firms have been slow to implement new technologies when compared with banks and other financial services providers, however, they are catching up fast. The industry is undergoin...

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How cyber insurance can help you manage information security risks HOW CYBER INSURANCE CAN HELP YOU MANAGE INFORMATION SECURITY RISKS

blog article

Jul 16, 2019

For years, organizations have been looking for ways to avoid the potentially catastrophic consequences of data breaches. They might have finally found the answer in the form of cyber insurance. Like any insurance policy, cyber insurance helps cover the costs associated with relevant damages. This in...

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What you need to know about toy insurance WHAT YOU NEED TO KNOW ABOUT TOY INSURANCE

blog article

Jul 16, 2019

Having a recreational toy can be a very fun experience that will provide you with some great memories. While having a recreational toy is a fun thing to own, there some important responsibilities that go along with it. One important thing that you will need to do is make sure that it is properly cov...

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Australian Travel Insurance Tips On Purchasing A Policy AUSTRALIAN TRAVEL INSURANCE TIPS ON PURCHASING A POLICY

blog article

Jul 16, 2019

So you’ve just planned your dream vacation or volunteering trip. Maybe you are traveling abroad, overseas, even to another continent. Now here comes the tricky part. How do you make sure you consider everything you need to take into account in order to stay safe thousands of miles away from ho...

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Buying Life Insurance With a Pre-Existing Condition: What You Need to Know BUYING LIFE INSURANCE WITH A PRE-EXISTING CONDITION: WHAT YOU NEED TO KNOW

blog article

Jul 16, 2019

Younger, healthier applicants tend to get better rates than older Canadians or those with a pre-existing condition when it comes to buying life insurance. But if you’re living with chronic health problems and need life insurance, you shouldn’t assume the worst. Insurers generally look at...

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Car insurance: What is bodily injury liability? CAR INSURANCE: WHAT IS BODILY INJURY LIABILITY?

blog article

Jul 16, 2019

Though many people depend on their cars to get where they need to go, driving isn’t without its risks. Since we drive so much and ride in cars so much, we’re so used to it that sometimes we forget the danger. But accidents and wrecks happen, and that’s why car insurance is a thing....

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The Difference Between “Vacant” & “Unoccupied” Property Insurance THE DIFFERENCE BETWEEN “VACANT” & “UNOCCUPIED” PROPERTY INSURANCE

blog article

Jul 15, 2019

There are many different reasons why you might need to leave a property empty for a period of time. There are also a few different terms that you might use to describe a property as empty. The words “vacant” and “unoccupied” being two of them. However, when it comes to proper...

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Types of Usage-Based Insurance in Canada TYPES OF USAGE-BASED INSURANCE IN CANADA

blog article

Jul 15, 2019

Usage-based insurance (UBI) gives drivers options in how their auto insurance premiums are calculated. Usage-based insurance hasn’t been around long in Canada. It was first introduced to drivers in 2013. Since then, however, it has grown in popularity. Auto insurance companies like Desjardins,...

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How to make sure your cyber insurance policy pays out HOW TO MAKE SURE YOUR CYBER INSURANCE POLICY PAYS OUT

blog article

Jul 15, 2019

Cyber insurance is big business these days. With the ever-present danger of data breaches and cyber-attacks, organizations must be sure that they have the financial backing to respond appropriately. Damages incurred by information security incidents generally aren’t covered in commercial insur...

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SailPoint Levels-Up their ABM Strategy with Intent Data SAILPOINT LEVELS-UP THEIR ABM STRATEGY WITH INTENT DATA

blog article

Jul 15, 2019

The buyer’s journey has changed in a way which leaves many sales and marketing teams struggling to find insight from within what we call the Dark Funnel. However, many technology companies are starting to build solutions to address the radical new way customers engage and buy today by collecti...

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Duo Security Sets BDRs up for Success with 6sense DUO SECURITY SETS BDRS UP FOR SUCCESS WITH 6SENSE

blog article

Jul 15, 2019

The role of a Business Development Rep can be a daunting one. Knowing where to prioritize when you have over 1,000 accounts and knowing what content to reach out to them and engage them with can be an impossible task. But if you have the right intent data that can show you where the account is in th...

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The Top 5 Pitfalls in D&O Liability Policies THE TOP 5 PITFALLS IN D&O LIABILITY POLICIES

blog article

Jul 15, 2019

Corporate officers and directors should be able to lead confidently and sleep at night without worrying that their personal assets may be at risk because of personal liability. D&O insurance provides such “sleep at night” coverage for claims alleging breach of their duties. However, ...

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10 TYPES OF INSURANCE FOR REAL ESTATE INVESTORS 10 TYPES OF INSURANCE FOR REAL ESTATE INVESTORS

blog article

Jul 15, 2019

From natural disasters to tenant negligence, a lot can go wrong for real estate investors. Once a house has been damaged, the bill for getting your money-making assets back in tip-top shape can easily start to cut into your profits. The right insurance, however, will make sure your investments (and ...

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When Is It Smart To Buy Liability Only Auto Insurance? WHEN IS IT SMART TO BUY LIABILITY ONLY AUTO INSURANCE?

blog article

Jul 11, 2019

You have a lot of options when it comes to buying auto insurance. Many vehicle owners recognize the value of purchasing comprehensive car insurance. It covers most of your risks and keeps your financials in order should a problem occur. Yet, there are some instances when purchasing just Liability In...

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What Is Fire Protection Class In Homeowners Insurance WHAT IS FIRE PROTECTION CLASS IN HOMEOWNERS INSURANCE

blog article

Jul 11, 2019

Fire Protection Class is a 1 - 10 rating provided by ISO that evaluates a counties fire suppression capability - how fast can they put out a fire, after it is reported. This rating is used by home insurance carriers to determine the response time of dealing with a fire at your home. A low protection...

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5 Simplest Ways of Choosing the Right Life Insurance Plan 5 SIMPLEST WAYS OF CHOOSING THE RIGHT LIFE INSURANCE PLAN

blog article

Jul 11, 2019

When there are plenty of choices available on the market, selecting the right one becomes a difficult task. When it comes to choosing a life insurance plan, you need to be very careful due to the plethora of options available. Various life insurance companies offer different types of life insurance ...

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What is the difference between a DP1 and DP3 home insurance policy? WHAT IS THE DIFFERENCE BETWEEN A DP1 AND DP3 HOME INSURANCE POLICY?

blog article

Jul 10, 2019

The DP1 and DP3 are two types of dwelling fire policies. The DP1 is used for vacant property insurance and offer's the minimum coverage amount while the DP3 is used for landlord insurance where the homeowner rents out the property, but does not live there. What's the Coverage Difference betw...

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Denied Life Insurance? Here Are Your Next 3 Steps DENIED LIFE INSURANCE? HERE ARE YOUR NEXT 3 STEPS

blog article

Jul 10, 2019

It’s tough to learn that the life insurance company you applied to will not be offering you coverage, especially if you were fully expecting a yes! You may fall into the “impaired risk market,” which means you have something in your background that makes you a higher risk for dying...

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4 Things You Can Do to Help Lower Auto Insurance Costs 4 THINGS YOU CAN DO TO HELP LOWER AUTO INSURANCE COSTS

blog article

Jul 10, 2019

When you invest in a vehicle, there is a lot to think about from a financial standpoint. On top of the sticker price of a vehicle, you have to consider things like routine maintenance, repairs, gas and automobile insurance. Auto insurance coverage is necessary for any driver of any age. In the insta...

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Save money on insurance payments by making the right buying decisions. SAVE MONEY ON INSURANCE PAYMENTS BY MAKING THE RIGHT BUYING DECISIONS.

blog article

Jul 10, 2019

In a tough economic climate, South Africans are always on the lookout for ways to save. Cutting back on insurance premiums is often seen as an easy way to save money. All good, until you lodge a claim and suddenly find that your ‘saving’ now leaves you with an expensive problem. “W...

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7 scenarios where a single person might need life insurance 7 SCENARIOS WHERE A SINGLE PERSON MIGHT NEED LIFE INSURANCE

blog article

Jul 10, 2019

Life insurance often isn’t needed for a single person with no children. Some may say, “Buy it while you’re young and healthy.” The reality is that, if you don’t need coverage, the money toward a life insurance premium could be better utilized by contributing to retireme...

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INSURERS CAN ONLY BECOME CUSTOMER-FOCUSED WITH A TARGETED APPROACH INSURERS CAN ONLY BECOME CUSTOMER-FOCUSED WITH A TARGETED APPROACH

blog article

Jul 10, 2019

Insurers need to evolve if they want to thrive in the age of digital disruption. And while new technologies may be useful, the most important consideration lies in getting back to basics and focusing on customers and their needs. In my previous post in this series, I outlined why a personalized appr...

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‘LIVING BUSINESS’ INSURERS TARGET NEW OPPORTUNITIES ‘LIVING BUSINESS’ INSURERS TARGET NEW OPPORTUNITIES

blog article

Jul 09, 2019

As I mentioned in my previous blog post, there are a few insurance companies that have developed a profound and dynamic understanding of their customers, based on a sophisticated data and analytics capability as well as an authentic receptiveness to what customers tell them. They also have the abili...

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What Is Graded Death Benefit Life Insurance? WHAT IS GRADED DEATH BENEFIT LIFE INSURANCE?

blog article

Jul 09, 2019

A graded death benefit policy is a type of whole life insurance policy with a waiting period. It may be an option for people who are unable to be approved for standard life insurance. There is no medical exam required. People who have been declined for life insurance from all other companies can sti...

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What Insurance Do I Need As A Tenant? WHAT INSURANCE DO I NEED AS A TENANT?

blog article

Jul 09, 2019

Whether you’re about to rent a room or a property or you are already a tenant paying rent to a landlord for the place you live in, you might be thinking about tenants’ insurance. What exactly is tenants’ insurance? What does it cover? Must you have it? What does tenant liability me...

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Comprehensive Insurance—Critical Protection for Your Car’s Value COMPREHENSIVE INSURANCE—CRITICAL PROTECTION FOR YOUR CAR’S VALUE

blog article

Jul 09, 2019

The term comprehensive auto insurance is very misleading. Many times, you will hear that you should have comprehensive coverage – but what does that mean? It can mean two things. It can mean that you should have an ample amount of coverage to reduce your risks of having to pay out-of-pocket fo...

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Buying term life insurance in your 40s BUYING TERM LIFE INSURANCE IN YOUR 40S

blog article

Jul 09, 2019

For many people, your 40s are a time where you re-confirm many financial decisions made to date in your life. Are you on pace for a comfortable retirement? Is it time to refinance your mortgage for a better interest rate? Have you saved enough to take some of those dream vacations? Another financial...

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Why Your Insurance Company Should Know You Are Renting Your Home WHY YOUR INSURANCE COMPANY SHOULD KNOW YOU ARE RENTING YOUR HOME

blog article

Jul 09, 2019

Given the huge transformation the world is going through, the home sharing and property rental businesses have really taken off in the last two decades. Renting out spare rooms, a portion of, or even an entire house to earn some extra money, or a full-time income, has become increasingly common nowa...

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What is collision insurance and should I get it? WHAT IS COLLISION INSURANCE AND SHOULD I GET IT?

blog article

Jul 09, 2019

Life was going pretty good for Lila and her husband in 2016. The couple had just bought a year-old Kia Soul in cash. Then one day, while out on a drive, things changed. “Somebody was trying to back up off of one ramp, trying to at the last minute to go to the other ramp, or something,” s...

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WHAT IS THE BEST BACKPACKER INSURANCE? WHAT IS THE BEST BACKPACKER INSURANCE?

blog article

Jul 09, 2019

I’ve had to claim on my travel insurance four times over the last ten years of traveling. I’ve suffered everything from infections, robberies, broken equipment, and a couple more things that I’m too ashamed to talk about. To hit the road without backpacker travel insurance really i...

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How Insurance Companies Adjust Personal Injury Claims HOW INSURANCE COMPANIES ADJUST PERSONAL INJURY CLAIMS

blog article

Jul 09, 2019

Insurance companies can play a critical role in personal injury claims. From car accident cases to product liability claims, insurance companies representing the liable party will: Conduct their own investigations. If they determine a claim is valid, they’ll use their own procedures and formul...

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Why Sales Leaders Need to Digitally Transform Their Teams WHY SALES LEADERS NEED TO DIGITALLY TRANSFORM THEIR TEAMS

blog article

Jul 08, 2019

Three key trends are driving the need for sales leaders to digitally transform their organizations. First, b-to-b buyers are conducting more of their purchase journey in the digital arena and demanding the same kind of frictionless and seamless customer experience they enjoy as consumers. Second, th...

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The Most Important Metric for Sales Leaders in Subscription Businesses to Track and Use to Drive Revenue Growth THE MOST IMPORTANT METRIC FOR SALES LEADERS IN SUBSCRIPTION BUSINESSES TO TRACK AND USE TO DRIVE REVENUE GROWTH

blog article

Jul 08, 2019

Subscription businesses that charge customers monthly for using their offerings are expanding rapidly in response to consumers’ and b-to-b buyers’ desire to try a product and walk away easily if they’re not achieving the expected value. However, the subscription-based business mode...

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Who needs a 10-year term life insurance policy? WHO NEEDS A 10-YEAR TERM LIFE INSURANCE POLICY?

blog article

Jul 08, 2019

When youre just getting married or having a child, the decision to purchase term life insurance is easy. You know you need financial protection, and you know you need it for a long time. But as you get closer to your financial goals, the question gets a little more nuanced. Do you still need life in...

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EARTHQUAKES AND INSURANCE: WHAT YOU NEED TO KNOW EARTHQUAKES AND INSURANCE: WHAT YOU NEED TO KNOW

blog article

Jul 06, 2019

Earthquakes can cause much harm to home structures. They can damage housing foundations and collapse walls; even relatively mild tremors can destroy furnishings and belongings.Homeowners and renters insurance does not cover earthquake damage. A standard policy will, however, generally cover losses f...

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EARTHQUAKES: MORE LINKS FROM INSURANCE INFORMATION INSTITITUTE EARTHQUAKES: MORE LINKS FROM INSURANCE INFORMATION INSTITITUTE

blog article

Jul 06, 2019

An earthquake is a sudden and rapid shaking of the earth caused by the breaking and shifting of rock beneath the earths surface. This shaking can sometimes trigger landslides, avalanches, flash floods, fires and tsunamis.Millions of people across 42 states are at risk for damage from an earthquake, ...

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Deferred taxes and the new investment tax law DEFERRED TAXES AND THE NEW INVESTMENT TAX LAW

blog article

Jul 05, 2019

Deferred taxes under Solvency II are calculated on the basis of Art. 15 i. V. m. Art. 9 Delegated Regulation. The recognition and measurement of deferred taxes is governed by International Financial Reporting Standards (IFRS).According to IAS 12, deferred taxes are to be accrued using the balance sh...

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In-depth - claims: The tech frontline IN-DEPTH - CLAIMS: THE TECH FRONTLINE

blog article

Jul 05, 2019

How can brokers use tech to manage claims and help customers prevent them? Martin Friel investigatesPart and parcel of any claims proposition has to include a focus on fraud. Of course, brokers have always had a part to play here but their involvement in claims requires them to adopt a more fundamen...

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InsurTech Futures: Worry+Peace and Next Generation join forces INSURTECH FUTURES: WORRY+PEACE AND NEXT GENERATION JOIN FORCES

blog article

Jul 05, 2019

Next Generation is the latest addition to Worry+Peace’s regulatory incubator.InsurTechs Worry+Peace and Next Generation have announced the signing of a new agreement.Next Generation will be the fourth firm to join Worry+Peace’s regulatory incubator as a result.Worry+Peace provides insigh...

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How to negotiate a car accident insurance settlement HOW TO NEGOTIATE A CAR ACCIDENT INSURANCE SETTLEMENT

blog article

Jul 05, 2019

Getting into an accident is an emotionally draining experience. If you’re lucky, you, your passengers, and anyone else involved walk away without injuries. You just need to deal with the insurance company for the property damage. If you’re at fault and you have collision insurance, you h...

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How Long Does Business Interruption Insurance Coverage Last? HOW LONG DOES BUSINESS INTERRUPTION INSURANCE COVERAGE LAST?

blog article

Jul 04, 2019

Most commercial property insurance policies include business interruption insurance. With this coverage, the insurer agrees to pay for loss of business income resulting from a covered peril. But how long does it last? In most cases, business interruption insurance coverage continues from the date of...

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KEEPING PACE WITH THE UK INSURANCE CUSTOMER KEEPING PACE WITH THE UK INSURANCE CUSTOMER

blog article

Jul 04, 2019

Why personalization is the key differentiator for forward-thinking insurers As insurers, we know that satisfied customers define the success of our business. Yet what customers expect from their insurer is changing. Digital experiences across most sectors have become personalised, mirroring and some...

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Insurers paid out NZ$40bn following Christchurch earthquake INSURERS PAID OUT NZ$40BN FOLLOWING CHRISTCHURCH EARTHQUAKE

blog article

Jul 04, 2019

Meanwhile, the government has contributed around NZ$1bn towards rebuilding the city.Lianne Dalziel, mayor of Christchurch, revealed at a conference in London, that the extent of non-insurance at the

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Is a Recycling Bin With Wheels a Vehicle for Insurance Purposes? IS A RECYCLING BIN WITH WHEELS A VEHICLE FOR INSURANCE PURPOSES?

blog article

Jul 03, 2019

So what happens when you run over a gas line with a wheeled electronic recycling bin in a residential building and rupture the gas line? Does the buildings all risks insurance cover the cost of restoring the gas service? Not according to the federal courts in New York

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Useful Tips for Drivers Who Are Dealing with Auto Insurance Claim Adjusters USEFUL TIPS FOR DRIVERS WHO ARE DEALING WITH AUTO INSURANCE CLAIM ADJUSTERS

blog article

Jul 03, 2019

Negotiating with a claim adjuster can be difficult for persons that never dealt with them before. However, drives can learn some tricks that can help them become better negotiators, said Russell Rabichev, Marketing Director of Internet Marketing Company.

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AI ON A BIG SCALE WILL GIVE INSURERS A HUGE COMPETITIVE EDGE AI ON A BIG SCALE WILL GIVE INSURERS A HUGE COMPETITIVE EDGE

blog article

Jul 03, 2019

Insurers that roll out AI solutions across their businesses will gain a substantial advantage over their competitors.Most big insurers have begun experimenting with artificial intelligence (AI) applications. Some have even begun implementing AI solutions. Few, however, have rolled out AI application...

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Global Contents Insurance Market 2019 By: Allianz, AXA, Nippon Life Insurance, American Intl. Group, Aviva, Assicurazioni Generali, Cardinal GLOBAL CONTENTS INSURANCE MARKET 2019 BY: ALLIANZ, AXA, NIPPON LIFE INSURANCE, AMERICAN INTL. GROUP, AVIVA, ASSICURAZIONI GENERALI, CARDINAL

blog article

Jul 03, 2019

The Contents Insurance market has been showing Reliable growth momentum and Vital Dynamics of Contents Insurance Industry Market at national and international levels from some previous years. Though it is anticipated to exhibit more Effective performance during the forecast period of 2019 to 2025 as...

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How To Lower Your Homeowners Insurance Costs HOW TO LOWER YOUR HOMEOWNERS INSURANCE COSTS

blog article

Jul 02, 2019

If you own a home, homeowners insurance is an item in your budget thats there to stay. Depending on the size of your home, location, and other factors, your premiums may be significant and could increase over time. However, there are ways to minimize the cost of homeowners insurance. Taking the foll...

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How Does Business Insurance Protect Against Lost Business Income HOW DOES BUSINESS INSURANCE PROTECT AGAINST LOST BUSINESS INCOME

blog article

Jul 02, 2019

Accidents and misfortunes occur to most businesses at various times. When something occurs that leads to significant loss for your company, you may face hardships. Can you keep the doors open? Do you need to let go of employees?Some forms of business insurance provide protection from business income...

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How much of the life insurance application process can you do online? HOW MUCH OF THE LIFE INSURANCE APPLICATION PROCESS CAN YOU DO ONLINE?

blog article

Jul 02, 2019

Weve become pretty accustomed to our convenient online services. Its nearly impossible to imagine a life before Amazon Primes free shipping, scheduling an early morning ride-hailing app pickup for 6 a.m. flights, or even being able to manage your banking without setting foot in an actual bank.

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6 types of people who might need a 20-year life insurance term 6 TYPES OF PEOPLE WHO MIGHT NEED A 20-YEAR LIFE INSURANCE TERM

blog article

Jul 01, 2019

Its not the most common pregnancy story: I was eight months along, sipping water instead of coffee in the conference room, discussing with a financial planner what would happen to my unborn child and me if my husband were to die unexpectedly. Far from as morbid as it sounds, the conversation was act...

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INCLUSION AND INNOVATION, WITH ERIC JOOST (PODCAST) INCLUSION AND INNOVATION, WITH ERIC JOOST (PODCAST)

blog article

Jul 01, 2019

How prepared is the insurance workforce for a digitally-driven future? Are insurers equipped to attract new, more diverse talent? And how does it all feed into a sustainable future for the industry? Eric Joost on why innovation is non-negotiable-and why inclusion must be a personal priority.

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INSURERS, DO YOU KNOW HOW TO MANAGE COST IN THE CLOUD? INSURERS, DO YOU KNOW HOW TO MANAGE COST IN THE CLOUD?

blog article

Jul 01, 2019

Before moving to the cloud, insurers need to ask: how can I make sure my migration to the cloud is cost efficient and suitable for my business?One of the oft-touted benefits of cloud is that it reduces costs. This was also one of the benefits I mentioned in my previous post, but it comes with an imp...

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Insurance Awareness Day: Building The Right Connect INSURANCE AWARENESS DAY: BUILDING THE RIGHT CONNECT

blog article

Jun 28, 2019

Insurance as a concept in India dates back to thousands of years where in the writings of Manusmriti, or Arthashastra, the thinkers of those times talked about pooling of resources so as to distribute them at the time of a calamity owing to fires, floods, famine or epidemics. Fast forward to 2019, t...

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Will my life insurance cost more because I am a scaffolder? WILL MY LIFE INSURANCE COST MORE BECAUSE I AM A SCAFFOLDER?

blog article

Jun 28, 2019

When a client has a pre-existing condition or has suffered a serious illness in the past, the first thing we do is pick up the phone and speak to underwriters at many of the UKs leading insurance companies. Discussing all of our clients medical history helps us to identify the best company to apply ...

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A pair of leading health and wellness apps come to Haven Life Plus A PAIR OF LEADING HEALTH AND WELLNESS APPS COME TO HAVEN LIFE PLUS

blog article

Jun 27, 2019

Yesterday, your term life insurance was able to help you financially protect your loved ones.Today, yes, your policy still does that. That’s what its for. But it can also make traveling easier and your beach body tighter.Were excited to share that two new services have been added to Haven Life...

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Insurtech partnership to assist SMEs INSURTECH PARTNERSHIP TO ASSIST SMES

blog article

Jun 27, 2019

In an exciting new partnership for the insurtech space, Prudential Corporation Asia is teaming up with HælthTech in a move that the insurer said will enable straight-through processing of transactions and the automation of core processes.

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Apollo Insurance Solutions Officially Live APOLLO INSURANCE SOLUTIONS OFFICIALLY LIVE

blog article

Jun 27, 2019

Canadian insurance marketplace Apollo Insurance Solutions is officially live with its small business insurance platform for brokers and/or small business owners. The announcement follows Apollo’s $1m CAD angel round of funding.

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Easy Language Learning by Vera F. Birkenbihl – The Decoding Method EASY LANGUAGE LEARNING BY VERA F. BIRKENBIHL – THE DECODING METHOD

blog article

Jun 27, 2019

Forget about cramming vocabulary: the best way to learn a language is by using decoding exercises. Translate a German sentence word-by-word into your native language – thus you will learn the word’s meaning as well as the language’s grammar. Decoding means to “decipher”...

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HOW INSURANCE CEOS CAN ADDRESS THE CHALLENGES OF A FRAGILE DIGITAL ECONOMY HOW INSURANCE CEOS CAN ADDRESS THE CHALLENGES OF A FRAGILE DIGITAL ECONOMY

blog article

Jun 27, 2019

The digital economy holds opportunities and challenges for insurersSince its inception, the Internet has been a catalyst for connection and growth. As insurers begin to explore new, innovative ways to connect with their customers and partners, they are more reliant on the digital economy and the Int...

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Global Long-Term Care Insurance Market 2019 Development Strategy Allstate, LTC Financial Solutions, MassMutual, GLOBAL LONG-TERM CARE INSURANCE MARKET 2019 DEVELOPMENT STRATEGY ALLSTATE, LTC FINANCIAL SOLUTIONS, MASSMUTUAL,

blog article

Jun 27, 2019

MarketandResearch.biz announced that its published an exclusive report namely Global Long-Term Care Insurance Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024 in its research database with report summary, table of content, research methodologies and data sources. The res...

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LexisNexis: More insurance execs using, open to virtual claims, might go touchless LEXISNEXIS: MORE INSURANCE EXECS USING, OPEN TO VIRTUAL CLAIMS, MIGHT GO TOUCHLESS

blog article

Jun 27, 2019

The 2019 LexisNexis Future of Claims Study released earlier this year found more insurance executives open to virtual and even touchless claims than two years prior.The results lend insight into what collision repairers might expect to see on the ground and how a shop might choose to handle customer...

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Expanding HSAs Could Help Fix America’s Broken Health Insurance Model EXPANDING HSAS COULD HELP FIX AMERICA’S BROKEN HEALTH INSURANCE MODEL

blog article

Jun 27, 2019

A recent survey revealed only one in five people currently enrolled in an employer-sponsored health plan have a health savings account (HSA). More unsettling, few use them to save money for future health expenses.There could be a variety of reasons why people dont use HSAs, but lack of a tax perks c...

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AI HOLDS THE KEY AS INSURERS BID TO RAMP UP THE CUSTOMER EXPERIENCE AI HOLDS THE KEY AS INSURERS BID TO RAMP UP THE CUSTOMER EXPERIENCE

blog article

Jun 26, 2019

AI is helping insurers improve dramatically the customer experience they provide their policyholders.The customer experience is fast becoming the new battleground for competitors in the insurance industry. Carriers that can quickly roll out highly-personalized real-time customer services, on a big s...

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Will Auto Insurance Pay for a Rollover Due to High Speeds? WILL AUTO INSURANCE PAY FOR A ROLLOVER DUE TO HIGH SPEEDS?

blog article

Jun 25, 2019

Speed limits exist for a reason. At high speeds, auto accidents can be very dangerous. Just going 10 to 15 miles over the limit may cause significant damage. However, when you are going faster than this, a rollover can happen. This can cause life-threatening injuries and total your car. If this happ...

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UNDERSTANDING WAIVERS OF DEDUCTIBLE IN HOME INSURANCE UNDERSTANDING WAIVERS OF DEDUCTIBLE IN HOME INSURANCE

blog article

Jun 25, 2019

UNDERSTANDING THE WAIVER OF DEDUCTIBLE CLAUSEIts likely that you have already determined your deductible on your home and auto insurance policies. But what do you know about the waiver of deductible clause? The waiver of deductible is a clause in your insurance policy that lists situations where you...

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FIVE STEPS INSURANCE CARRIERS CAN TAKE TO BECOME CUSTOMER-CENTRIC ‘LIVING BUSINESSES’ FIVE STEPS INSURANCE CARRIERS CAN TAKE TO BECOME CUSTOMER-CENTRIC ‘LIVING BUSINESSES’

blog article

Jun 25, 2019

As technology advances and consumer expectations continue to shift, insurance carriers must adapt to thrive.Previously, I shared some key findings about insurance consumers priorities and desires from Accentures 2019 Global Financial Services Consumer Study. Its clear that insurers have to get conte...

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THE FIVE TECHNOLOGY TRENDS TO WATCH, AND HOW THEY WILL IMPACT THE INSURANCE INDUSTRY THE FIVE TECHNOLOGY TRENDS TO WATCH, AND HOW THEY WILL IMPACT THE INSURANCE INDUSTRY

blog article

Jun 25, 2019

How the post-digital era will impact your businessAccenture s new Technology Vision for Insurance report outlines the key trends that will have an impact on insurers over the short to medium term. In this series, I have defined the post-digital era, discussed how insurers can build business models t...

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Do Insurance Companies Value New Customers Over Long Time Loyalty DO INSURANCE COMPANIES VALUE NEW CUSTOMERS OVER LONG TIME LOYALTY

blog article

Jun 25, 2019

Hello everyone. New here. TL;DR and bottom. I had a recent experience with Allstate in Missouri I wanted to share that had really soured me to the insurance industry as a whole. I wanted to get some feedback on whether or not this is typical behavior.My wife and I have been Allstate customers for ov...

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How to Optimize Your Conversion Funnel, from ToFu to BoFu HOW TO OPTIMIZE YOUR CONVERSION FUNNEL, FROM TOFU TO BOFU

blog article

Jun 24, 2019

No matter who your customer is or what you’re selling, it’s more likely than not that your customer will have to go through several steps before choosing to buy your product or service. Think about your own shopping habits: you don’t just buy the first thing you see. The first thin...

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21 Ways to Triple Your B2B E-Commerce Conversions 21 WAYS TO TRIPLE YOUR B2B E-COMMERCE CONVERSIONS

blog article

Jun 24, 2019

It takes thoughtful work to scale an e-commerce store. I’m sure you’ve had a few growing pains of your own getting to the point where you are today. However, you’re reading this because you may not be content with where your conversions are at this precise moment. You may not even ...

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Could the Breadcrumb Technique Help Boost Your Landing Page Conversions? COULD THE BREADCRUMB TECHNIQUE HELP BOOST YOUR LANDING PAGE CONVERSIONS?

blog article

Jun 24, 2019

We’ve all heard the term “less is more”. And we’ve been told this applies for landing pages too. I.e. your forms should be short and only ask for only the bare minimum of required information if you want to convert. As an example, one of the main questions someone typically h...

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FIVE BENEFITS OF CLOUD FOR INSURANCE FIVE BENEFITS OF CLOUD FOR INSURANCE

blog article

Jun 24, 2019

Five reasons why cloud adoption is on the rise for insurersThe concept of cloud computing started in the 1960s, when researchers at MIT developed technology that allowed them to use more than one computer at the same time. This intergalactic computer network was the first foray into the cloud, and i...

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27-year-old Search Marketing CEO Lands 13-stop U.S. Speaking Tour 27-YEAR-OLD SEARCH MARKETING CEO LANDS 13-STOP U.S. SPEAKING TOUR

blog article

Jun 23, 2019

Digital Summit, the largest conference series in the digital marketing industry, has invited Mehrguth to share his unique presentation, 5 Data-Validated Tactics to Increase the Experienced Marketer’s Qualified Lead Volume (…and 3 Tactics Guaranteed to Fail) with their audiences across t...

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A Brief Review of What’s Happening in TCPA Insurance Coverage Cases from TCPAWorld A BRIEF REVIEW OF WHAT’S HAPPENING IN TCPA INSURANCE COVERAGE CASES FROM TCPAWORLD

blog article

Jun 21, 2019

This is a repost from TeamSPBs TCPAWorld blog on a quick review on recent TCPA insurance coverage cases. You can read the post here on TCPAWorld or read below the break.TCPA World featured two blog posts in May (May 6 and May 31) that discussed two TCPA coverage cases. In this post, we will cover so...

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SECURE US TO SECURE ME: REFRAMING RISK WITH TECHNOLOGY SECURE US TO SECURE ME: REFRAMING RISK WITH TECHNOLOGY

blog article

Jun 21, 2019

Security continues to be a major concern when it comes to technology and digital ecosystems, especially now that we are in the post-digital era. Many of the technologies that help create opportunities also bring exposure risk, which is why it is a key trend in our Technology Vision 2019 report.Most ...

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From the P&C Files: Every step you take, every mile you drive FROM THE P&C FILES: EVERY STEP YOU TAKE, EVERY MILE YOU DRIVE

blog article

Jun 20, 2019

Hard to believe but we first wrote about driver tracking and insurance over a decade ago A high-tech monitoring device makes it possible to reduce insurance premiums for drivers who avoid jackrabbit starts and slam-on-the-brakes stops...The catch? Bad drivers who take a chance on the program may win...

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What Factors Determine Business Insurance Cost WHAT FACTORS DETERMINE BUSINESS INSURANCE COST

blog article

Jun 20, 2019

What Factors Determine Business Insurance Cost The investment in business insurance can be a difficult one for some people. This type of insurance is invaluable, however. You need it to help defray the costs of many risks associated with managing your business. Yet, having a policy that fits your go...

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BWIRE: Why Africa must face climate change head on BWIRE: WHY AFRICA MUST FACE CLIMATE CHANGE HEAD ON

blog article

Jun 20, 2019

Accelerated effects of climate change including prolonged droughts are taking a toll on the economies of people in the Great Horn of Africa, which calls for urgent measures to address disasters and mitigation of risks.Indeed, countries in the region must come up with cross country measures to deal w...

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WHY THE LONDON MARKET HAS A PIVOTAL ROLE TO PLAY IN THE FUTURE OF CYBER INSURANCE WHY THE LONDON MARKET HAS A PIVOTAL ROLE TO PLAY IN THE FUTURE OF CYBER INSURANCE

blog article

Jun 20, 2019

In my previous blog post I examined how cyber security ecosystems will allow insurers to take a leading role in the future of this fast-emerging market. I also looked at what we feel are the integral components of an end-to-end cyber protection offering.Why London has the edge as a global cyber insu...

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Fighting Insurance for Care FIGHTING INSURANCE FOR CARE

blog article

Jun 19, 2019

As if living with an invisible disability werent exhausting enough, many of us have to fight our insurance companies to get the treatment we need. Because hardly anyone can afford treatments at todays prices, our insurance companies often make the decisions about what care we receive. That decision ...

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Sunshine State Health Insurance Anecdata SUNSHINE STATE HEALTH INSURANCE ANECDATA

blog article

Jun 19, 2019

So recently, had a client move to Orlando, and asked for a referral to a local health insurance agent (since Im not licensed for Florida). I reached out to some folks who might be of help, including a couple relatives. One very helpful kin had this to say about the state of individual medical plans ...

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How much life insurance do I really need? HOW MUCH LIFE INSURANCE DO I REALLY NEED?

blog article

Jun 19, 2019

Buy life insurance sounds simple enough, and it can be thanks to digital services. But its the shopping process that can get a little confusing.This question keeps arising How much life insurance do I need? Amounts like $250,000, $500,000, and $1 million can all sound pretty solid - why not choose t...

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What’s an insurance deductible? WHAT’S AN INSURANCE DEDUCTIBLE?

blog article

Jun 18, 2019

Like many other industries, insurance has its own unique jargon that can sometimes make shopping for coverage seem overly complicated. Your local independent insurance agent is always happy to break things down for you and explain any language or terms that you dont understand. One term that is comm...

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Does a term life insurance premium increase as you age? DOES A TERM LIFE INSURANCE PREMIUM INCREASE AS YOU AGE?

blog article

Jun 17, 2019

Not much is certain about what the future will hold in 30 years - and the same goes for the cost of the everyday items you use. After all, 30 years ago, a gallon of gas rang in at less than a dollar. But while it may be unrealistic to forecast your budget 30 years from now, one of the things that ma...

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INSURANCE PROTECTION FOR A RAINY DAY INSURANCE PROTECTION FOR A RAINY DAY

blog article

Jun 17, 2019

June weather in New York City can be fickle. As the I.I.I.s own Brent Carris reported, this fickleness can lead to chaos for the citys outdoor music festivals, like the recent fiasco at this years Gov Ball. Carris noted that event organizers will often have event cancellation insurance to protect th...

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