Hail Storm Products Partners with AVIVA Canada Insurance Company with Policy Holder Exclusive Program The patented Hail Protector System is the world’s only portable hail protection system stopping any size hail from damaging automobiles. System development began eight years ago, in North America, and launched to market four years ago. The system now protects vehicles in 8 countries on 4 continents, with thousands of autos protected in the USA and Canada alone. This partner program enables AVIVA Canada policy holders to benefit from an exclusive incentive on the revolutionary Hail Protector System.
Pypestream Certifies EY to Bring Smart Messaging to the Insurance Industry Pypestream announced today that the Global EY organization will be its first officially-certified implementer for the insurance industry. By completing the ‘PypePro' Implementation Partner Training Certification, EY firms are now equipped to implement and integrate the Pypestream solution, train customers on user on-boarding, inform messaging strategies and support existing customers about Pypestream's technology and services.
Insurtech Slice Now Offering Homeshare Insurance in California Slice Insurance Technologies, an insurtech company offering on-demand, short-term insurance coverage, is now selling its commercial lines insurance product for homesharing hosts in California. The California Department of Insurance said that the surplus lines broker is coming into the market to give Airbnb and other homeshare hosts a new insurance option.
Piloting the seas of commercial insurance customer transparency: Are insurtech companies leading the way? Over the past few weeks I had the pleasure of meeting with a number of insurtech startups. Their mission? To create a customer-first company. One team in particular is building their company based on customer insights of the insurance industry. So far, their findings indicate customers believe insurance has more of a transparency challenge than suffering from a trust deficit – there is an increasing desire to know how their premium dollars are spent and how an insurance company views their risk.
Digital innovation in insurance market illuminated by new report Insight Report: Digital Innovation in Insurance’ analyzes the potential impact of digital technology to the entire insurance supply chain, from product development to claims management, enabling insurers to reduce costs, and increase efficiency and profit margins. An increasing number of insurers are investing in building digital infrastructure and striving for growth by developing new business models using digital platforms.
Five ways insurance providers can use digitization to their advantage In today’s world, Internet-enabled devices and systems use technology to make sure we can track and communicate with anything, at anytime, from anywhere. In fact, a new Frost & Sullivan report projects that the global sensors market will generate more than $162 billion by 2019. This trend, often defined as “The Internet of Things” (IoT), is driving digital disruption across all industries – and the insurance industry is no exception.
Insurtech: What, Where, Why? For the uninitiated, insurtech refers to the phenomenon of startups that are innovating using technology to fundamentally improve the existing insurance business model. Technology has played an important role in changing the nature of many other industries, such as music, retail, travel and the increasingly successful union of finance and technology, known as fintech. At first glance, insurtech appears to be a poor cousin of fintech, which is much more prominent and has garnered much attention globally.
5 Insurtech Trends for the Rest of 2017 Insurtech is an industry that is growing very quickly. In fact, between 2017 and 2020, the insurtech field is projected to grow 10% every single year. This growth is being fueled by the fact that insurance technology is rapidly improving, and the technology has tremendous benefits for insurers and policyholders alike.
The Future of Blockchain–Is It Clouded for Insurance? Across all industries, business-to-business (B2B) organizations are now not only rapidly recognizing, but adopting, cloud. However, as other industries began utilizing and adopting cloud for data redundancy, privacy/security, scalability and much more, the insurance industry hung back, waiting.
TrustedChoice.com Takes on Insurtech Startups TrustedChoice.com, the leading online lead generation platform for the independent insurance agency channel, debuts “Own Your Story” messaging in a new video, The One Thing Insurance Disruptors Don’t Have, We Do. The marketing campaign is designed to promote the value of the independent agency channel, flipping the script on the insurtech startup narrative.