The Hartford Steam Boiler Insurance and Inspection Company was founded in 1866 in response to the dangers raised by the transformative power of steam. Today the company is acting on the opportunities and risks of the Internet of Things.
The platform exemplifies a new way of doing business: having the ability not to have to ask questions of customers but rather just verifying data—and in this case binding policies in under two minutes.
Fresh from its acquisition of Standard Life Canada, Manulife is using technology to differentiate itself on the basis of customer engagement, information management and analytics, efficiency and effectiveness, and accelerated solution delivery.
The Columbia, Mo.-based super-regional insurer implemented Tidemark’s FP&A software this year during its preparation of the 2015 budget, replacing its legacy spreadsheet-driven budgeting and forecasting system.
Insurance Innovation Reporter recently spoke to Luis Gomez, VP of Marketing and Digital Strategy for Jackson National Life Distributors about the company’s new mobile apps and their place within Jackson’s distribution strategy and concept of customer experience.
The non-standard auto insurer has increased appraiser productivity by more than 100 percent, reduced staff by over 26 percent and expects to reduce claim cycle time through OnSource’s mobile app.
The Hartford-based L&A carrier is now using the vendor’s flagship products, ForeSight and FireLight to illustrate and process whole life, term life and annuities.
Responding to feedback from customers and agents for an improved billing experience, Mutual of Enumclaw transformed its core capabilities and replaced its legacy payment processing system with One, Inc.’s ProcessOne.
Motorists sought an integrated system that would provide increased access to reinsurance data, stronger controls and improvements in the way the carrier processed, reported and analyzed information used by the ceded reinsurance program.
Mike Garceau, CFO of XL Group’s North America P&C business talks about art vs. science, big data, the Internet of things, and the importance of an efficient underwriting platform in effectively leveraging data sources, traditional and otherwise.