Distribution

Several insurers across both property/casualty and life insurance sectors received patents in the past weeks for their technology and process innovations.

Mobile Rhino, a program managed by Stuckey & Company specialty insurance broker, has launched a free mobile app that offers a six-point protection plan that covers loss, theft and digital life protection for ID theft and personal privacy. The plan is designed to cover more common issues such as accidental damage, electrical and mechanical malfunctions as well. The insurance plan covers all generations of iPhones and iPads, with future expansion to offer coverage of other smartphones and devices, such as Android.

App redesigned to now include one-touch pay, interactive insurance charts and self-help videos.

Through a risk-based, multi-carrier product search online, Oncor’s life insurance representatives compare life insurance policies from industry providers.

A recent report from PwC outlines the four technology pillars to a forward-thinking 10-year business plan.

Deferred income annuities will continue their ascension in the life sector, according to a 2013 forecast from the Insured Retirement Institute. The “State of the Industry” report also forecasts financially sound insurers, ongoing product innovation and demographic factors driving consumer demand for retirement income, which will balance economic forces such as low interest rates.

Genworth study identifies four consumer groups most at risk of being underinsured, recommends annual insurance reviews.

For being such a smart industry, the link between customer engagement and user experience appears to be stuck in a blind spot.

Accenture's life insurance software platform will be employed to help manage 100,000 life insurance policies.

Gartner cautions that social, mobile, cloud and information are driving new and different business scenarios that insurers ignore at their own peril.