Digital distribution

The CEO of Cornerstone Broker Insurance Services shares how and why his company set up its private health insurance exchange.This video first appeared on AdviserTV. 

INN’s top videos list is based on views and contains must-know information from some of the most forward-thinking voices in the industry.

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.

New York Life announced today that John O’Gara and Richard Simonetti have each been elected SVPs in the company’s Agency Department, reporting to EVP and Head of Agency Mark Pfaff.

Gudvangen will be responsible for managing policyholder service delivery, including policyholder benefits and claims. She will also oversee administration of the closed block of business, and will lead the development of a new team focused on operations actuarial and tax. Gudvangen will report to the SVP of Enterprise Operations, Jasmine Jirele.

Mobile capabilities enhanced as well as industry-specific updates, which are designed to accommodate companies under regulatory pressure.

Continuing its strategy for expansion, Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., today announced the acquisition of Brower Insurance Agency, one of the largest independent agencies in Ohio. Terms of the transaction were not disclosed.

An E&S industry initiative is pushing for improved processes by way of automation—with which both agents and carriers win.

Ward Group recommends statistical evaluation of distributors, as well as increasing collaboration and communication regarding goals and risk appetite.

However, uncertainty surrounds ultimate size and shape of the market, as well as its effect on traditional auto insurance, according to SMA study.

With boomers growing older and new demographics taking center stage, how much longer will agents and advisors be the preferred source of information for customers?