5 tips to keep your car running smoothly this spring

April 23, 2019 | 127 views

While many associate spring with a deep clean of your home, it's also a good idea to use the change in season to spring clean your vehicle. Winter can take a heavy toll on our cars, both in terms of appearance and driving capabilities. Take advantage of the warmer weather and perform these routine maintenance practices on your vehicle so it's ready to hit the open road in style. Wash and wax. Winter driving can cause a substantial amount of road grime, debris, and salt build up on your car. Allowing dirt and grime to remain on your car can affect its paint and finish, while a build-up of salt can lead to rust and other serious problems. To combat this, give your car a good exterior deep clean and wax as soon as the winter is over. Check your tire pressure. Your car's tires affect the ride, handling, traction, and safety so it's important to check not only your main set of tires but your spare tire as well. Experts recommend a tire rotation every 5,000 miles to keep tread wear even. Replace your wiper blades. If you find that your wiper blades are torn or cracked, they likely won't do you much good during a spring rainstorm. Be sure to replace your blades to make sure you have max visibility on the roads.

Spotlight

The AA

TheAA.ie is one of Ireland’s leading consumer services businesses – specialising in Home, Motor and Travel services and insurance. With more than half a million customers, AA Ireland provides emergency rescue and breakdown cover for people in their homes and on the road, as well as providing insurance for more than 200,000 customers.

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How the Blockchain is Revolutionizing the Auto Insurance Industry

Article | July 15, 2022

The blockchain has penetrated the mainstream. We predicted this in our 2019 article “Blockchain-as-a-Service: the Accelerator for Blockchain Adoption” where we talked about the technology's ease of integration. Companies can seamlessly adopt blockchain technologies by referring to existing use cases like smart contracts, data authentication, and asset management. They can also take advantage of open-source materials. With the blockchain's accessibility on top of its formidable qualities, it’s no surprise that the digital ledger system is being integrated into every industry–from banking and healthcare to gaming and cybersecurity. As a cornerstone of the rise of financial technology or fintech, another industry it’s now serving is auto insurance. Here’s how the blockchain is revolutionizing the auto insurance industry: Benefits of the blockchain in auto insurance Multiple back-and-forths can slow down the manual processing of both insurance contracts and filed claims. Blockchain-based tools can speed this up by accessing necessary information through the data network. Insurers can easily access and verify the personally-identifiable information (PII) required for insurance contracts via the blockchain, as well. This means no lengthy coordination with other parties, shorter queuing time, and less paperwork. Moreover, the blockchain helps those who buy auto insurance worry less about their PII being used by malicious individuals and organizations. Monash University asserts blockchain security effectiveness by pointing out how its design can alert any network of even the most minor changes to the data it contains. This is because blocks containing data are marked with hashes–input strings of computation characters–that become invalid when information is modified. When hashes become invalid, the network is notified. With such a prompt and responsive alert system, insurance agencies can easily detect hacking activities to protect sensitive data. Blockchain applications in auto insurance The most significant benefit of the blockchain’s application in auto insurance arguably lies in optimizing property and casualty (P&C) insurance verification processes. Sound Dollar defines property and casualty insurance as coverage for any damage the possessions stipulated in your contract incurs. Blockchain-based tools, like smart contracts, can immediately gather relevant information from an insurer's network to verify damaged possessions. It can also identify which ones are covered by your insurance contract. This streamlined verification process saves insurers billions of dollars in operational costs and makes filing a claim much easier for the client. The blockchain can also be used to minimize and prevent fraud. Some of the best blockchain-based tools can identify whether an individual claims payouts from multiple insurers. These tools cross-check PII and non-PII with salient information from claims filed elsewhere to check for similarities. Moreover, the Insurance Innovation Reporter found that advancements in anti-fraud blockchain technology can detect third-party helpers, such as garages and brokers. This enables insurers to expand their data on fraudulent networks and prevent future cases of fraud. Challenges to full implementation of the blockchain in auto insurance Before full-on integration, developers and businesses have to address data integrity. While blockchain data cannot be edited, it does not ascertain that encoded information is true. This means data has to be verified before it's encoded on the blockchain. Blockchain-based technology is also expected to become more expensive in the coming years. As it becomes mainstream, demand for the technology and relevant development research will further drive operation and maintenance costs upwards. There is still much work to be done if the auto insurance industry wishes to fully integrate the blockchain into its workflows. But with the long-term benefits it brings, insurers and clients alike will undoubtedly look to blockchain-based technology for improved services and a better overall experience.

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INSURANCE TECHNOLOGY

How InsurTech-Insurance Partnership Delivers New Product Innovations

Article | July 15, 2022

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 settlement and reinsurance), InsurTechs are enticing millennials with fully digital innovative products and solutions.

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INSURANCE TECHNOLOGY

The role of AI in enhancing claims experience for Insurance customers

Article | August 9, 2022

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 Insurance industry, where products and pricing among the competitors are almost the same, customer experience becomes the main differentiator.

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5 Deep Learning Use Cases for the Insurance Industry

Article | February 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 looking back for advancements in this field.

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Spotlight

The AA

TheAA.ie is one of Ireland’s leading consumer services businesses – specialising in Home, Motor and Travel services and insurance. With more than half a million customers, AA Ireland provides emergency rescue and breakdown cover for people in their homes and on the road, as well as providing insurance for more than 200,000 customers.

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LIFE INSURANCE,HEALTH INSURANCE

Mercury Insurance partners with The Bear Fund and Cancer Support Community to Make a Dream Come True for a Young Cancer Patient

Mercury Insurance | December 21, 2022

Mercury Insurance has been helping people through the most difficult of times for more than 60 years. Mercury's unwavering commitment to its customers hasn't changed since it first opened its doors in 1962, and over the years that promise to do the right thing has expanded to include a variety of programs through the company's Mercury Cares initiative. Mercury Cares was developed to support causes, organizations and individuals that go above and beyond to serve their communities. This desire to help and support everyday heroes led Mercury Cares to The Bear Fund and Cancer Support Community, who introduced us to an incredible young woman who is the personification of hope, determination and the power of positivity – Emma Frommeyer. Emma is, in many ways, a typical teenager. She loves music, makeup and hanging out with friends, but there is one thing that sets her apart from most teenagers – Emma has a brain tumor and is fighting for her life. Since being diagnosed with cancer, Emma hasn't had the chance to do the things a 13-year-old should be able to do, The Bear Fund has really been there for Emma and the family, providing gas cards to help get Emma to treatment, which is an hour and a half each way. And Mercury showed how much they care when they gifted a dream to trip to Los Angeles so Emma could see one of her favorite music artists and enjoy some beach time with her family. We are so thankful for the joy that it's brought the family,said Trista Conner, Emma's aunt. Mercury produced a series of videos sharing Emma and her family's story. These inspirational videos will allow viewers to get to know this amazing young lady and watch her journey, as she and her family show the world what it means to look on the bright side of life, even when it seems like the odds are against you. "Mercury Cares partners with like-minded organizations that are committed to providing valuable services to the customers and communities we help protect, We're proud we can partner with the Bear Fund to help celebrate and support cancer patients like Emma and her family." -Erik Thompson, Vice President and Chief Marketing Officer at Mercury Insurance The Bear Fund was founded after Heather and Nick Baker's youngest child, Barrett ("Bear"), was diagnosed with a rare liver cancer. During that time, Heather and Nick began to notice the economic challenges some families on the hospital floors were facing. They decided they wanted to help, so they established The Bear Fund, in partnership with the Cancer Support Community, a 40 year old 501c3 charity, to provide financial support and navigation services to families with children diagnosed with cancer. We walked by rooms to see children having to go through treatment or recover from surgery alone and we realized there's got to be something we can do to help, Parents shouldn't have to worry about missing work one day so they can be with their kids during treatment. We wanted to do what we could with the help of amazing donors to make this tough journey just a little bit easier,said Heather Baker. Inspired by Emma's experience, Mercury Insurance is committed to bringing more awareness to The Bear Fund by giving away tickets to a Live Nation VIP Nation concert. For a limited time, all donors to The Bear Fund will be entered into a drawing to win two Live Nation VIP Nation 2023 concert experiences. Four lucky winners will be chosen. No purchase is necessary to enter to win and the contest is open to U.S. residents 18 years of age and older. About Mercury Insurance Mercury Insurance (NYSE: MCY) is a multiple-line insurance carrier offering personal auto, homeowners, and renters insurance directly to consumers and through a network of independent agents in Arizona, California, Illinois, Georgia, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia, as well as auto insurance in Florida. Mercury also writes business owners, business auto, landlord, commercial multi-peril and mechanical protection insurance in various states. Since 1962, Mercury has provided customers with tremendous value for their insurance dollar by pairing ultracompetitive rates with excellent customer service. Mercury has earned "A" ratings from A.M. Best and Fitch, as well as "Best Auto Insurance Company" designations from Forbes and Insure.com.

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CORE INSURANCE,LIFE INSURANCE

The Penn Mutual Life Insurance Company Announces Record Dividend Payout

The Penn Mutual Life Insurance Company | November 25, 2022

The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, is pleased to announce that the company has maintained its dividend scale for 2023 and the Board of Trustees has approved a record $163 million payout to eligible policyholders in 2023. Dividends are a key measure of a mutual company's performance and Penn Mutual has consistently paid dividends to eligible policyholders for nearly 175 years. This announcement extends the company's long track record of delivering strong performance and value to policyholders. "We're proud that our dividend action over the last 20 years remains one of the strongest and most consistent in the industry, This noteworthy achievement, particularly given today's economic uncertainty, reflects our long-term perspective, a shared commitment to upholding the company's financial strength and serving the best interests of our policyholders." -Dave O'Malley, President and CEO About The Penn Mutual Life Insurance Company For more than 175 years, Penn Mutual has been helping people get stronger. Our expertly crafted life insurance is vital to long-term financial health and strengthens people's ability to enjoy every day. Working with our trusted network of financial professionals, we take the long view, building customized solutions for individuals, their families, and their businesses. Penn Mutual supports its financial professionals with retirement and investment services through its wholly-owned subsidiary Hornor, Townsend & Kent, LLC, member FINRA/SIPC.

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LIFE INSURANCE

NFP Acquires Tailored Finance Limited, Dublin-Based Health and Life Insurance Advisors

NFP | November 17, 2022

NFP, a leading property and casualty broker, benefits consultant, wealth manager, HR services consultant, and retirement plan advisor, today announced the acquisition of Dublin-based health and life insurance advisors, Tailored Finance Limited. This is NFP's first healthcare-focused acquisition in the Irish market, expanding its portfolio of services, solutions and market-leading advice. Tailored Finance's managing director, Jeremy Tucker, will join NFP as a director. "Acquiring Tailored Finance's boutique business is significant for our growth in Ireland, and I'm thrilled to welcome Jeremy and his team to NFP, They have a wealth of experience working with Irish and multinational corporations and are regarded among the best healthcare advisors in Ireland. Tailored Finance enhances our portfolio to deliver the healthcare solutions our clients need." -Colm Power, director, NFP in Ireland Established in 2008, Tailored Finance is among the leading independent health insurance brokers in the Irish market, generating gross written annual premiums last year valued at €25M. The company will continue to service customers under its existing name while leading NFP's healthcare and wellness proposition in Ireland. We are very excited to join NFP and believe our shared vision will help drive excellent results for our customers, NFP has a rapidly growing business in Ireland and is an incredible resource for us to leverage internally and with our clients. I want to thank my team for their tremendous work and commitment, and our customers and partners for their support. We look forward to continuing to create extraordinary value together,said Tucker. Tailored Finance Ltd will continue to operate under its current name and business as usual. Today's announcement marks NFP's fifth acquisition in the country within the past two years, continuing the momentum of the company's ongoing expansion in Ireland. NFP has also acquired HMP Insurance and Pension Advisors, Aiken Insurance Limited, ReSure Corporate Brokers and Simon Shirley Advisors. I'm delighted to welcome Tailored Finance to NFP, We have acquired a business with a great reputation in the industry and in Ireland. They will provide invaluable insight into the health insurance market at a time when clients need more expertise and guidance to achieve their objectives,said Matt Pawley, president, NFP in Europe. About NFP NFP is a leading property and casualty broker, benefits consultant, wealth manager, HR services consultant, and retirement plan advisor that provides solutions enabling client success through the expertise of over 7,000 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors and financial institutions. NFP is the 9th best place to work for large employers in insurance, 7th largest privately-owned broker, 5th largest benefits broker by global revenue and 13th largest broker of US business (all rankings according to Business Insurance). About Tailored Finance Tailored Finance is one of Ireland's leading insurance intermediaries, providing market-leading advice to over 250 Irish and international companies and thousands of individual customers across a range of health, dental and vision insurance, life insurance, income protection and pensions solutions. Managing director Jeremy Tucker leads a team with over 40 years of experience in the Irish insurance market.

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LIFE INSURANCE,HEALTH INSURANCE

Mercury Insurance partners with The Bear Fund and Cancer Support Community to Make a Dream Come True for a Young Cancer Patient

Mercury Insurance | December 21, 2022

Mercury Insurance has been helping people through the most difficult of times for more than 60 years. Mercury's unwavering commitment to its customers hasn't changed since it first opened its doors in 1962, and over the years that promise to do the right thing has expanded to include a variety of programs through the company's Mercury Cares initiative. Mercury Cares was developed to support causes, organizations and individuals that go above and beyond to serve their communities. This desire to help and support everyday heroes led Mercury Cares to The Bear Fund and Cancer Support Community, who introduced us to an incredible young woman who is the personification of hope, determination and the power of positivity – Emma Frommeyer. Emma is, in many ways, a typical teenager. She loves music, makeup and hanging out with friends, but there is one thing that sets her apart from most teenagers – Emma has a brain tumor and is fighting for her life. Since being diagnosed with cancer, Emma hasn't had the chance to do the things a 13-year-old should be able to do, The Bear Fund has really been there for Emma and the family, providing gas cards to help get Emma to treatment, which is an hour and a half each way. And Mercury showed how much they care when they gifted a dream to trip to Los Angeles so Emma could see one of her favorite music artists and enjoy some beach time with her family. We are so thankful for the joy that it's brought the family,said Trista Conner, Emma's aunt. Mercury produced a series of videos sharing Emma and her family's story. These inspirational videos will allow viewers to get to know this amazing young lady and watch her journey, as she and her family show the world what it means to look on the bright side of life, even when it seems like the odds are against you. "Mercury Cares partners with like-minded organizations that are committed to providing valuable services to the customers and communities we help protect, We're proud we can partner with the Bear Fund to help celebrate and support cancer patients like Emma and her family." -Erik Thompson, Vice President and Chief Marketing Officer at Mercury Insurance The Bear Fund was founded after Heather and Nick Baker's youngest child, Barrett ("Bear"), was diagnosed with a rare liver cancer. During that time, Heather and Nick began to notice the economic challenges some families on the hospital floors were facing. They decided they wanted to help, so they established The Bear Fund, in partnership with the Cancer Support Community, a 40 year old 501c3 charity, to provide financial support and navigation services to families with children diagnosed with cancer. We walked by rooms to see children having to go through treatment or recover from surgery alone and we realized there's got to be something we can do to help, Parents shouldn't have to worry about missing work one day so they can be with their kids during treatment. We wanted to do what we could with the help of amazing donors to make this tough journey just a little bit easier,said Heather Baker. Inspired by Emma's experience, Mercury Insurance is committed to bringing more awareness to The Bear Fund by giving away tickets to a Live Nation VIP Nation concert. For a limited time, all donors to The Bear Fund will be entered into a drawing to win two Live Nation VIP Nation 2023 concert experiences. Four lucky winners will be chosen. No purchase is necessary to enter to win and the contest is open to U.S. residents 18 years of age and older. About Mercury Insurance Mercury Insurance (NYSE: MCY) is a multiple-line insurance carrier offering personal auto, homeowners, and renters insurance directly to consumers and through a network of independent agents in Arizona, California, Illinois, Georgia, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia, as well as auto insurance in Florida. Mercury also writes business owners, business auto, landlord, commercial multi-peril and mechanical protection insurance in various states. Since 1962, Mercury has provided customers with tremendous value for their insurance dollar by pairing ultracompetitive rates with excellent customer service. Mercury has earned "A" ratings from A.M. Best and Fitch, as well as "Best Auto Insurance Company" designations from Forbes and Insure.com.

Read More

CORE INSURANCE,LIFE INSURANCE

The Penn Mutual Life Insurance Company Announces Record Dividend Payout

The Penn Mutual Life Insurance Company | November 25, 2022

The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, is pleased to announce that the company has maintained its dividend scale for 2023 and the Board of Trustees has approved a record $163 million payout to eligible policyholders in 2023. Dividends are a key measure of a mutual company's performance and Penn Mutual has consistently paid dividends to eligible policyholders for nearly 175 years. This announcement extends the company's long track record of delivering strong performance and value to policyholders. "We're proud that our dividend action over the last 20 years remains one of the strongest and most consistent in the industry, This noteworthy achievement, particularly given today's economic uncertainty, reflects our long-term perspective, a shared commitment to upholding the company's financial strength and serving the best interests of our policyholders." -Dave O'Malley, President and CEO About The Penn Mutual Life Insurance Company For more than 175 years, Penn Mutual has been helping people get stronger. Our expertly crafted life insurance is vital to long-term financial health and strengthens people's ability to enjoy every day. Working with our trusted network of financial professionals, we take the long view, building customized solutions for individuals, their families, and their businesses. Penn Mutual supports its financial professionals with retirement and investment services through its wholly-owned subsidiary Hornor, Townsend & Kent, LLC, member FINRA/SIPC.

Read More

LIFE INSURANCE

NFP Acquires Tailored Finance Limited, Dublin-Based Health and Life Insurance Advisors

NFP | November 17, 2022

NFP, a leading property and casualty broker, benefits consultant, wealth manager, HR services consultant, and retirement plan advisor, today announced the acquisition of Dublin-based health and life insurance advisors, Tailored Finance Limited. This is NFP's first healthcare-focused acquisition in the Irish market, expanding its portfolio of services, solutions and market-leading advice. Tailored Finance's managing director, Jeremy Tucker, will join NFP as a director. "Acquiring Tailored Finance's boutique business is significant for our growth in Ireland, and I'm thrilled to welcome Jeremy and his team to NFP, They have a wealth of experience working with Irish and multinational corporations and are regarded among the best healthcare advisors in Ireland. Tailored Finance enhances our portfolio to deliver the healthcare solutions our clients need." -Colm Power, director, NFP in Ireland Established in 2008, Tailored Finance is among the leading independent health insurance brokers in the Irish market, generating gross written annual premiums last year valued at €25M. The company will continue to service customers under its existing name while leading NFP's healthcare and wellness proposition in Ireland. We are very excited to join NFP and believe our shared vision will help drive excellent results for our customers, NFP has a rapidly growing business in Ireland and is an incredible resource for us to leverage internally and with our clients. I want to thank my team for their tremendous work and commitment, and our customers and partners for their support. We look forward to continuing to create extraordinary value together,said Tucker. Tailored Finance Ltd will continue to operate under its current name and business as usual. Today's announcement marks NFP's fifth acquisition in the country within the past two years, continuing the momentum of the company's ongoing expansion in Ireland. NFP has also acquired HMP Insurance and Pension Advisors, Aiken Insurance Limited, ReSure Corporate Brokers and Simon Shirley Advisors. I'm delighted to welcome Tailored Finance to NFP, We have acquired a business with a great reputation in the industry and in Ireland. They will provide invaluable insight into the health insurance market at a time when clients need more expertise and guidance to achieve their objectives,said Matt Pawley, president, NFP in Europe. About NFP NFP is a leading property and casualty broker, benefits consultant, wealth manager, HR services consultant, and retirement plan advisor that provides solutions enabling client success through the expertise of over 7,000 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors and financial institutions. NFP is the 9th best place to work for large employers in insurance, 7th largest privately-owned broker, 5th largest benefits broker by global revenue and 13th largest broker of US business (all rankings according to Business Insurance). About Tailored Finance Tailored Finance is one of Ireland's leading insurance intermediaries, providing market-leading advice to over 250 Irish and international companies and thousands of individual customers across a range of health, dental and vision insurance, life insurance, income protection and pensions solutions. Managing director Jeremy Tucker leads a team with over 40 years of experience in the Irish insurance market.

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