As with similar legislation passed in the U.K. in recent decades, recently approved amendments to Rhode Island’s Insurance Regulation 68 are poised to transform the huge commercial insurance runoff market in the U.S.
A wretched customer experience should serve as a warning to life insurers who think that innovation isn’t urgently needed: breaking up ain’t hard to do.
The data recorded in telematics devices can be used to develop more accurate pricing, accident prevention, reduce losses and associated adjudication costs by enabling more streamlined and accurate claims assessments.
The fact that one disruptor may have failed to hold its enterprise valuation doesn’t mean that disruption isn’t coming.
Payers and providers have a lot to lose in a data security breach, yet most organizations are not adequately prepared to address new threats and don’t have proper resources to protect patient data.
Whether it’s a member of the general public accessing individual health quotes or brokers and underwriters doing large group quotes, all participants want a quick response.
Experience is what allows a CIO to spot a poorly thought out plan, or sense the early rumblings of a project in trouble.
Investing in a solid and enterprise-wide forms foundation should earn a higher position on the project priority list.
If you’re going to invest your time managing metrics related to your driver’s performance make sure you are not measuring just a very small slice of the overall picture.
Retaining quality agents starts with access to data and people, collaboration and tools and processes that actively help the agent close more business in an efficient way.