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Can Driver’s Ed Improve the Safety of Autonomous Cars?
Self-driving cars run on highly advanced tech, with systems so complex, you can truly call them intelligent. But when the intelligence of the car makes it impossible to know exactly what it’s thinking, how can we be sure it will make the right choices on the road? How can we guarantee it will operate safely? […]
Continue readingWhy Industry Expertise Matters in Insurance Premium Collection
In the wide world of payment services, one of the most specialized areas to operate in is insurance. Any company facilitating transactions in this space has to know their own business, of course, but they also need to know the business of insurance, too – and as we know, that’s no simple matter. Small details, […]
Continue readingInsurers, Let’s Create A World Without Drunk Driving
Imagine a world without drunk driving. Imagine a world in which 29 people a day get to live instead of die – in which, every 50 minutes, a loved one’s funeral doesn’t need to be planned. Imagine an economy with $44 billion saved, because alcohol-related crashes have not incurred those costs. According to the CDC, […]
Continue readingHow the Right Payment Partner Can Help Your Company Grow
A payment processor can help your insurance organization accept electronic payments. That’s an important capability in the age of the internet, when more and more people prefer to pay their bills online. However, the potential benefits of a payment processor don’t end there. The right payment processor can actually help your company grow. Take control […]
Continue readingD2C Impact: What Does it Mean for Insurance Distribution?
As we discussed in a previous D2C article, the direct-to-consumer model is poised to change everything about how insurance is bought and sold. With that in mind, let’s look at the distribution landscape. What’s not working The existing model is troubled by a “vast amount of friction.” According to one Insurance Governance Leadership Network (IGLN) […]
Continue readingThe Future of Insurance: News Roundup
Ready for another news roundup? Here’s what caught our eye as we scoured the headlines. Topics range from distribution and digital innovation to natural disasters and vehicle tech. These are the transformative influences shaping the future of insurance. Agents and brokers – are they obsolete? Are agents and brokers a dinosaur? Not so fast. While […]
Continue readingHow to Sell Insurance Direct-to-Consumer
Early this year, when the Interactive Advertising Bureau published research on a surge in “direct to consumer” (D2C) companies, it was talking about more than a smattering of startups. Companies like the eyewear pioneer Warby Parker aren’t just “interesting curiosities,” it said, but examples of “an enduring shift in the way the consumer economy operates.” […]
Continue readingSeven Questions to Ask Before Selecting a Payment Services Partner
These days, online payment acceptance is a requirement for many insurance providers. If you want to be competitive, it’s a must. But the partner you pick matters. The wrong solution can mean heavy fees, limited options and slow cash flow. The right solution, on the other hand, will improve collection efficiency, improve your combined ratio […]
Continue readingInsurance Industry Cyber-Security: Three Things You Need to Know
Once hailed as unhackable, blockchains are now getting hacked according to MIT Technology Review. So are companies that should be very secure. We’ve all heard the news of the 2017 Equifax hack. The incident “exposed the personal information of more than 147 million consumers and led to class action lawsuits, criminal investigations and increased regulatory […]
Continue readingInsurance Softwares: 3 Steps to Navigate Your Choices
There are a lot of policy administration systems out there – and the choice you make has long-reaching ramifications in terms of customer retention, data security, and operational efficiency. So how can you decode the options and know for sure that you’ve chosen the best fit for your needs? Let’s take a minute to talk […]
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