Complete Guide to Life Insurance

| July 4, 2018

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Life Insurance is basically a contract between an insurance policy holder and an insurer i.e. the policy provider. In a life insurance policy, an insurer promises to pay a sum of money and benefits according to the policy to the beneficiary mentioned in the agreement. The money and benefits provided to the beneficiary are in exchange for the premiums which the policyholder pays to the insurance company. The amount and the other benefits can be claimed only upon the death of an insured person or the policyholder. Depending on the contract in the policy, other events such as terminal illness and critical illness can also be covered. The policyholder pays a premium for this, the premium paid is either monthly, quarterly or yearly.

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Plymouth Rock Assurance

For over 30 years, Plymouth Rock Assurance has provided its customers with more than just insurance. Headquartered in Downtown Boston, Plymouth Rock offers auto insurance to drivers in Massachusetts and Connecticut through a network of more than 400 local independent agents.

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What’s Driving Innovation and Transformation in Insurance?

Article | March 5, 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 from greater awareness of AI fundamental use cases and the impact of AI to help guide innovation.” At Shift, we couldn’t agree more.

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Covid-19 will make cyber and digital insurance policies more relevant than ever

Article | April 17, 2020

Kennedy's Elizabeth Bardsley discusses the risks brokers need to be aware of as more and more professionals work from home as a result of the coronavirus pandemic. As the insurance industry continues to grapple with the Covid-19 pandemic, many have begun to give thought to what lasting changes will stay with us once the crisis has passed. For example, attitudes towards flexible working are expected to permanently change as more and more professionals work from home. And in a similar vein, we are likely to see a significant impact on the popularity of cyber and digital liability policies.

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What Will My General Liability Insurance Cover?

Article | March 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 injury and property damage. It does not cover workplace injuries sustained by your employees – those are covered under workers’ compensation insurance.

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How chatbots are driving insurtech

Article | March 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 that companies across a myriad of sectors interact with their customers, with applications covering everything from content delivery to conversational ecommerce. By 2025, the global chatbot market is expected to reach $1.25bn.

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Spotlight

Plymouth Rock Assurance

For over 30 years, Plymouth Rock Assurance has provided its customers with more than just insurance. Headquartered in Downtown Boston, Plymouth Rock offers auto insurance to drivers in Massachusetts and Connecticut through a network of more than 400 local independent agents.

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