It is a reasonable query. Furthermore, the solution goes beyond adventurous sports and far-flung crises. Travel insurance is for real-life travelers who are coping with real-life hiccups, not just thrill-seekers. Let us dissect it. 1.It is Not Just About Dangerous Things It is not necessary to be cliff diving in Thailand to find yourself in …
Hindsight should not be your instructor when it comes to home insurance. Let us discuss the typical (and excruciating) errors made by actual people and how you can avoid having to learn these house insurance lessons the hard way. First, “I assumed that water damage was covered.” The drywall was already bursting from a ruptured …
So let us dissect it. This is what your insurance policy actually states—no fancy words, just plain language. “Declarations Page” = A Quick Overview of Your Insurance Simple English: The cheat sheet is this. It provides you with information on your coverage type, premium, and deductible—the amount you must pay out of pocket before your …
In reality, insurance provides a front-row ticket to the strange, the absurd, and occasionally the downright tragicomic aspects of life, despite its stated purpose of safety and peace of mind. These are a few of the most outrageous actual insurance claims, along with the unexpectedly valuable lessons they teach us mere mortals. 1.The House-Torching Squirrel …
This year’s event, which was held in Las Vegas with its typical mix of industry suits and startup enthusiasm, focused more on genuine interactions than on glitzy product displays. The tone had changed, but the buzzwords were still in use (yep, generative AI was displayed on every booth wall). The prominent voices this year were …
In 2025, after years of repairing systemic flaws, the global insurance industry finally looked to the future. A cautious but convincing change toward human-centered coverage, tech that worked, and a greater sense of responsibility to people and the environment resulted. Customers with more options and less patience, regulators fed up with greenwashing, and carriers fed …
1.Humanized Communications with Customers A forty-page policy paper written in legalese is boring to read. Generative AI can rapidly convert complex language into easily comprehensible, friendly prose that is tailored to each policyholder. Consider this scenario: a consumer queries, “What is covered by my travel insurance in the event that my flight is canceled?” They …
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 …
Astute insurers have no intention of waiting to see how long their antiquated systems will last. They are updating their mainframes as a strategic move toward speed, agility, and future-proofing, not as a show-off endeavor. The Silent Immediacy of Modernizing Mainframes The mainframe is not glamorous, let us face it. It is not what you …
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 …