Take a deep breath. It need not be a catastrophe. You can get through it with your sanity intact if you follow the correct procedures and prepare a little. This article explains how to submit an insurance claim without feeling like you have aged five years. Step 1: Take pictures and document everything. Keep a …
It is too late by then. Despite the fact that flooding is the most frequent and expensive natural disaster in the United States, millions of homeowners lack flood insurance. Why? Because we believe that we are safe if we are not living close to the coast or on the brink of a river. Regretfully, there …
However, how do they generate that revenue? You might be surprised to learn how many layers it has. Additionally, understanding how it operates can make you a wiser policyholder, help you steer clear of expensive blunders, and possibly even save some money. The Fundamentals: What Do You Actually Get for Your Money? Whether you purchase …
Let us dissect it. Really, What Is Renters Insurance? Renters insurance is an inexpensive policy that covers your personal property, liability (should someone be injured at your home), and living expenses in the event that a covered event, such as a fire or water damage, renders your rental uninhabitable. Usually, it consists of: Personal property …
However, you may be posing a more sensible query if you have ever looked at a 30-page policy paperwork and wondered what half of the phrases mean: Will AI genuinely make insurance easier and more affordable, or just a lot more ambiguous? The solution? A bit of each. Let us dissect it. The Good News: …
Insurance companies are investing heavily in AI across the board. They are updating their tech stacks for the cloud, establishing data lakes, and experimenting with analytics that are intended to prevent, forecast, and customize. And it is kind of paying off. That figure is predicted to quadruple by 2024. More encouraging still? According to …
The Chief Customer Officer at Cambridge Mobile Telematics, David Morse, joins Abbey Compton and me in this week’s Insurance News Analysis. Together, we explore how telematics data is subtly changing the insurance value chain from top to bottom, going beyond simply lowering premiums. From a Pricing Lever to a Tool for Strategic Power Historically, telematics—think …
These awards have become more than just a platform for trophies since 2016. They now serve as a springboard for significant transformation. They feature insurtechs and insurers who are not satisfied with the current status quo and have the guts to reconsider how insurance functions in people’s lives. And the patterns for this year? They …
One is a 134-year-old behemoth with a long history and a global presence. The other is an innovator in the digital space who is hardly old enough to recall the days before Netflix. However, Allianz and Lemonade are subtly demonstrating the same thing: open insurance is not only feasible, but also effective. Here’s how two …
This is more than simply a party. It is an open discussion regarding the progress made in the insurance sector toward gender equality and the progress that remains. There is talent. What, therefore, is preventing women? The problem is not getting women to work in insurance. Talent abounds in the pipeline. What follows—or rather, what …