Insurance

The Consumer Federation of America advises insurers to take certain steps to ensure policyholders who opt for usage-based insurance are protected.

And traditional insurers should adapt to the larger addressable market.

Also: Cincinnati Financial, Amerilife.

Insurance providers agree that technology has become an extremely valuable part of employees’ lives.

Nearly one year after the onset of the pandemic, not only has interest remain elevated, but adoption has increased two-fold.

Also: New data hire at Amerilife, European expansion at Insurify.

The white-label product is a first for the insurtech in the embedded-insurance space.

Smart sensors have the ability to offer insurers risk reduction and long-term return on investment in claims reduction while benefiting millions of homeowners.

Insurtech company says this completes its suite of products for small-business owners.

Company COO Shai Wininger promises a product of particular interest to electric-vehicle owners.

Touchless digital insurance has become a base requirement for business as people demand touchless transactions.

While the majority came from new customers, some existing clients switched as they cut back on driving, said Glenn Shapiro.

The Simplisafe system, including HD camera, water and motion sensors, will be provided with eligible policies at no extra charge.

Permanent life insurance has a bad reputation. Here’s what financial advisors think about its potential for retirement planning if taxes rise under Biden.

The customer experience is now priority No. 1, and P&C insurers are focusing on making the purchase, use, and renewal of retail lines simpler, faster, and more personal.

The FairMile program couples an on-board device with a mobile app.

A spike in applications during 2020 will require aggressive digitalization to continue.

General Motors, Ford, and Honda are already members of the exchange, which connects multiple automakers and other data partners with insurers.

Carriers can integrate with partners offering specialized capabilities and provide a comprehensive customer experience through a single unified platform.

MilesMyWay was in development pre-pandemic, but was prioritized as the carrier saw habits change.