Sent on October 21, 2015

News
Insight Report: Digital Innovation in Insurance
20 OCT 2015 | Timetric's '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.
How insurance companies (and independent agents) can use social data to better market themselves
16 OCT 2015 | Today, there are more than 7 billion mobile subscriptions worldwide, up from 738 million in 2000. 3.2 billion people now use the Internet for – virtually -- everything. The consumers’ world is rapidly shifting to a digital-centric experience, and the insurance industry cannot afford to be left in the dust. To stay relevant in an increasingly digital world, insurance companies need to make data-driven marketing decisions that will connect them to the always-connected consumer.
Allianz Worldwide Care IPMI claims by app overtake postal claims
16 OCT 2015 | Since the app was made available it has been downloaded 60,000 times with 100,000 claims submitted, Allianz Worldwide Care revealed. The app allows policyholders to submit claims with photos of their medical invoices and key details, as well as access to policy documents, There is also a "Find a hospital" feature which works worldwide. The app also includes local emergency services numbers and a translator tool for medical terms which works for 17 languages. The app itself is available in English, German, French, Spanish and Portuguese, with phase II now underway.
3 Keys to Engaging Today’s Connected Customers in the Claims Process
16 OCT 2015 | We are in the midst of shifting demographics. According to the December 2014 population projections released by the U.S. Census Bureau, the millennial generation is projected to outnumber the Baby Boomer generation as the nation’s largest living generation. The Gen X generation is expected to surpass the number of Boomers by 2028. Furthermore, by 2050 minorities will represent 54 percent of America. With these shifting demographics and the advancements in technology, customer expectations around insurance are shifting too, and that matters more in the claims experience than at any other time.
AIG launches online marine product
15 OCT 2015 | AIG has launched CargoGuard on Acturis and AIG Extra, its online trading platform. The insurer said CargoGuard was its first marine product to be made available online. It detailed that the product is a flexible all-risks policy for goods in transit by land, air or sea. AIG added that optional extensions include protecting a company's assets while their employees go about their daily business and 30 days cover for the installation, duration, dismantling and temporary storage of items at exhibitions and trade shows.
How to Remove the Roadblock for UBI
14 OCT 2015 | Once upon a time, the auto insurance industry relied on motor vehicle reports, drivers’ records, business addresses, financial credit reports, claims histories, policyholder-stated VIN and mileage information, etc. to make an underwriting and rating decision. This scant information provided a fuzzy picture of risk, at best, so insurers built in a pricing cushion to protect against losses and figured it all out at the end of the year.
California Approves First Car Insurance Policy For Lyft Drivers
14 OCT 2015 | SACRAMENTO (CBS SF) – California’s insurance commissioner has approved the first auto insurance policy specifically for Lyft drivers who have a passenger in the car, insurance commissioner Dave Jones announced Monday. The product from MetLife Auto & Home insurance is the first insurance policy in California that individually covers drivers for app-based ride booking services like Uber and Lyft who have accepted a ride and have a passenger in the car.
Vitality Life gains early foothold with Allfinanz and "Invisible Underwriting"
14 OCT 2015 | VitalityLife (formerly PruProtect) is a U.K. life and health insurer founded in 2007. It has already achieved 12 percent market share and fourth largest sales among adviser-based insurance products. It is now fully owned by Discovery, an innovative South African insurer. Its primary products are life, whole of life, serious illness, income protection, family income benefit, disability, and premium waivers.
Insights
An italian startup allows Insurance Companies to compete with Oscar, the innovative US-based company worth 2 US bilion dollars
13 OCT 2015 | DigitalTech – the company that develops and manages mobile platforms –after successfully launching Consiglio dal Medico, the first App which allows customers to interact with a network of physicians, is now expanding its activities to include a broader range of medical and wellbeing services.
Individual pricing - Insurance motor telematics approaches
19 OCT 2015 | One of the most well known telematics benefits is the possibility of incorporating the information registered by the box into the parameters of the MTPL tariff (UBI) The traditional underwriting of the RCA policy is based upon a “snapshot” of certain static variables which belong to the client and his or her vehicle – the impact and weight of this snapshot on the pricing is determined by the analysis of the claims historical series of the company – and the renewal comes after make the same type of “snapshot” after 12 months. Telematics is becoming more and more used as a way of changing this approach and going more towards an individual pricing of risks, which used the “movie” of the client
Agenda
Cunnected automobiles 2015
28 OCT 2015 | The event is a timely and market-driven gathering, that will focus on the major bottone_conferencehot topics in the worldwide Connected Vehicles. Here automotive and technology companies can shape current and future innovations in the connected car space and also get the opportunity to develop new partnerships and identify opportunities to build strategies. It is the only trade event to focus on cross-industry collaboration between Automotive and Telco market players and between built-in and brought-in services.
Telematics West Coast 2015
26 OCT 2015 | Telematics West Coast 2015 is TU-Automotive’s premiere west coast event dedicated to tackling the most pressing challenges and opportunities in delivering the next generation of smart content & services. The premiere forum where the brightest minds in the connected car gather to dictate the agenda for the coming year. As telematics, data and cyber security are pushed front and centre of the industry it has never been more important to stay up to date on the most cutting edge advancements. An OEM led agenda filled out with leading cyber security experts, content providers, TSPs, Tier 1s and the dealers who sell your cars the bredth of knowledge ondisplay is unrivalled.