Distribution

Customers are now encouraged to provide service-specific ratings on the carrier’s website.

The strategy remains a good way for newcomers to enter the market, but carriers must provide additional value propositions to the consumer, Novarica says.

Opportunities arise for insurers to catch customers as Pokemon GO users wander into dangerous places.

Competition between large health insurers lowers costs for consumers and improves the quality of their coverage, government official says.

Automation of certain processes was cited as a driver in the selection.

The new tool can be used by homeowners seeking up to $1.5 million of coverage for their home and up to $1 million for condominiums.

The platform will allow brokers to offer customized pricing options based on submitted information by customers.

The reinsurer is leveraging Mortality Assessment Technology, generally used in life insurance, to the reinsurance market.

Carriers have different measures of success when working with startups, ranging from introducing staff to new technologies to forming strategic partnerships for financial return, according to Novarica.

Slice will develop technology platform to service and process insurance products for on-demand economy.