Insurance discount offered by Liberty Mutual Insurance for Volvo owners using advanced safety features Liberty Mutual auto insurance customers who drive a Volvo with active or passive advanced safety features may soon see a discount on their premium through Liberty Mutual’s new TechSafety program. In addition to encouraging the adoption of advanced and autonomous safety features among drivers through savings incentives, Liberty Mutual will also evaluate the impact these emerging features have on accident frequency and severity.
4 pitfalls to avoid in a cyber insurance policy As more and more companies enter the burgeoning cyber insurance marketplace, they often ask policyholder counsel like me how they can choose the best cyber policy when confronted with so many choices. When the marketplace was still in its infancy just a few years ago, this was a considerably harder question because the policy forms, including the scope of first party and liability coverages being offered by different insurers, varied so drastically.
Usage-Based Insurance Apps: Opportunity or Obstacle? It’s been almost a decade since Progressive launched its usage-based insurance (UBI) program, Snapshot, aimed at more closely aligning driving behavior with auto insurance rates. And although other leading insurers have followed suit, the high costs associated with devices that consumers were required to place in their vehicles forced insurers to consider alternatives as their UBI programs grew.
Why Insurers Should Look for Emotional Intelligence in Hiring and How to Spot It Acccording to the World Economic Forum’s 2016 Future of Jobs Report, emotional intelligence will be one of the top 10 job skills in 2020. The sought-after skill is actually a collection of personal traits including self-awareness, empathy and self-regulation, which have come to be described together with the single term “emotional intelligence” or EI
Should We Say Goodbye To “Time” As One Of The Key Element Of Mutuality Within The Insurance Portfolio? Does On Demand Insurance Make Sense? The title of this article comes from a post, on LinkedIn from Matteo Carbone who is undoubtedly an insurtech thought leader. The question being asked is are we at a point where insurance can be “turned-on” when needed and “turned-off” when not needed? Why do policyholders need to have coverage 24/7 and more importantly, why do they need to pay for that coverage? It’s a good point, which characteristically for posts made by Matteo, got a lot of responses, most of which were supportive of this movement.
Insurtech Startup Etherisc Wins "Blockchain Oscar" for Innovative Insurance Platform MUNICH, April 14, 2017 /PRNewswire/ -- Etherisc (etherisc.com), an Insurtech startup based in the Munich area, has won the Blockchain Oscar for Most Innovative Blockchain Startup. The competition was produced by The Cointelegraph (www.cointelegraph.com) as part of Blockshow Europe 2017, and was conducted over several weeks. Six promising startups were shortlisted. In the final ceremony on 6 April 2017 in Munich Etherisc presented the project to a jury and received a prize of €5,000.
Insurtech has a growing role in Pakistan, and it can change lives through better financial smarts Insurance is a very large industry, and it is growing rapidly. With digital insurance becoming a buzzword in major markets, it’s worthwhile exploring its benefits. Let’s take a closer look at the growing role of digital insurance specifically in Pakistan. As with many growing industries, insurance is a vital part of many financial markets. In Pakistan, insurance is now becoming even more accessible to the market, thanks to the ongoing digital transformation happening in its marketplace.
InsurTech opportunity lies in aiding incumbents: Aquiline InsurTech start-ups that can help the traditional industry identify and solve procedural pain-points are the ones most likely to succeed in the long term, according to Aquiline chairman and chief executive Jeff Greenberg. Speaking to The Insurance Insider, Greenberg said the private equity firm is targeting InsurTech investments in start-ups that help incumbents to combat issues in the back and middle office.
Insights gained from a global InsurTech scouting perspective As the Head of Research & Partner Management of Startupbootcamp InsurTech, for over six months I scouted the world for startups. The objective of my scouting was to find good fits for our Startupbootcamp InsurTech program in London. We specifically looked for startups which could solve one or more of our corporate partners’ pain points. In addition, I met dozens of investors, mentors, and experts within the insurance industry during this global scouting.