Insurance

General Manager Amrish Singh on how the company maintains a distinct strategy from the insurance business.

Carriers, pressed by lower expense insurtech models that emphasize direct-to-consumer engagement and new, rich data sources, are beginning to encounter a bifurcation of risk and client characteristics.

DealerPolicy, which functions as an insurance agency in the lower 48 states, connects car buyers with insurance quotes.

In other news: Breeze's new hire; Guidewire acquires HazardHub; New York Life partners with Empathy.

The decline is likely because of a lack of proactive support and personalized attention, according to a J.D. Power study.

To date, just one insurer has promised to take “significant action” in this regard, according to analysts at Societe Generale SA. Australia’s Suncorp was the first to announce it would no longer provide coverage for all new oil and gas production projects.

Luis Pino began to see the pain points in insurance industry operations. He believed that agencies needed better technology. Pino used that idea to launch Agentero, a digital insurance network.

Allowing FDI in LIC would permit so-called strategic investors such as massive pension funds or insurance firms to participate in the initial public offering, which is slated to be India’s largest ever.

Consumers still trust established traditional insurance companies over newer insurtech startups. A majority of respondents said they would prefer to buy a policy from companies like AIG over startups like Lemonade.

Future automobiles will likely need to include passive technology to monitor for driving under the influence and automatic emergency braking.

Over half or 62%, of insurers, say they will invest in risk management over the next year, with 55% saying they’ll invest in customer and employee data protection, according to the FIS’ 2021 Readiness Report.

NHTSA, which announced the Tesla probe Monday, opened 26 probes into various auto and highway safety issues so far this year -- more than in all of 2020 or 2019, according to its website.

The insurance enables motorcyclists to customize their insurance all year round and pay for the time they ride instead of high predetermined rates.

Climate change is exacerbating extreme and freak weather events so rapidly that even the insurance industry is struggling to keep up.

The company discovered three main problems in the insurance market in Mexico. One was that people, in general, lacked information about insurance plans, the potential benefits, and how they could save money in terms of healthcare, legal services, and other areas.

Multi-channel approach integrated with product design holds the key to a new era of protection products.

Toyota worked with CCC Intelligent Solutions to develop Collision Assistance.

In other news: CoreLogic collaborates with One Concern on weather prediction technology and One appoints new CEO.

As part of its new policy, Amazon said it would work to help sellers purchase their own liability insurance.

The two companies will offer motor carriers increased insurance opportunities through a risk-management app that sends risky driving alerts.