Digital distribution

Past insurance innovation strategies will not work in today’s digital age, according to USAA’s SVP of strategy and innovation Michael Merwarth.

As the amount of collected big data grows, the insurer is innovating ways to process information quickly for all facets of its business, says data leader Pawan Divakarla.

The acquisition of Vertafore comes soon after it itself purchased Canada-based Keal Technology.

With the move, the P&C insurer aims to provide agents easier access to information, improving customer experience.

Chosen startups will receive funding, weekly mentor sessions with industry leaders, and opportunities for pilot projects.

Accenture survey of more than 400 insurance executives finds an industry focused on the power of digital for customer acquisition and retention.

The insurer is providing quotes to compare.com customers in California, with intentions of expanding to other states by year's end.

Trov's mobile app allows consumers to turn on and off insurance coverage for items like laptops and bicycles.

We expect to see an increasing, widening gap between those insurers that have invested in the how of innovation and those that have not.

The insurance company's Lab of Forward Thinking is preparing a proof-of-concept using Blockchain technology.