The Evolution of Mobility/Transportation: What it Means for Insurers
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Previously, we have discussed major trends including mobility, electrification, sustainability, and digital experience, but how will these emerging trends impact P&C insurers now and in the future? We’ve categorized these implications into the good, the bad, and the ugly.
The Evolution of Mobility/Transportation: Trends at CES 2023
CES has become one of the biggest auto shows in the world—but rather than focusing on new models and styling, the orientation is toward the most advanced technology capabilities and the user experience. In this blog we discuss the interrelated themes and trends between the auto show and the insurance industry.
Data Security: The NAIC Model Laws
More and more states are beginning to enforce their versions of the NAIC’s Insurance Data Security Model Law. While high-profile hacks and a general rise in cybercrime levels continue to call attention to the need for robust data security programs, it’s important to understand that MDL-668 isn’t the only model law intended to improve data security for the insurance industry.
Use Case: Supporting a Carrier’s Entry Into the U.S. Market
A client planning an ambitious launch in the United States was not as familiar with the market and had limited staff to meet its short-term growth goals. The client needed an experienced partner that could scale quickly and support its rapidly evolving technology platform.
CES 2023: Major Themes in Technology
We highlight the five major themes from the CES Las Vegas 2023 that insurance companies should watch for, including some new trends as of this year and ongoing themes from years past.
Comprehensive training plan smooths administrative system implementation
Carrier Training Implementation, Driving Successful System Adoption Through End-User Training Launching a new administrative system is a complex undertaking for insurance carriers—especially when success depends on widespread end-user adoption. Beyond building and testing technology, carriers must ensure that employees understand how to use new systems effectively from day one. Without structured training, even the most […]
Compliance solutions overview
Corporate Compliance for Insurance Organizations: Beyond Licensing For insurance organizations, licensing is only one piece of a much broader compliance obligation. Operating across state lines often requires registering as a foreign entity, maintaining good standing with Secretaries of State and Departments of Revenue, tracking ongoing filing deadlines, and coordinating with multiple regulators. Each requirement varies […]
Business Drivers Shift for Small Commercial Distribution Tech Investments
Small commercial insurers are in a unique position in the insurance industry. While the personal lines segment often pioneers the latest innovations first in the industry, small commercial carriers are frequently at the forefront of change in the commercial market before technologies reach mid/large commercial risks.
Commercial Insurers’ Transformational Tech Plans Amid Economic Turbulence
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Commercial lines insurers have endured numerous ups and downs in 2022, leading to further uncertainty about the stability of markets worldwide. Undoubtedly, insurers are planning for events that may disrupt their businesses in the new year, but are these plans shifting how insurers approach innovative transformational technologies?
ReSource Pro Joins Vertafore Orange Partner Program
Vertafore® has announced seven new tech providers to join its Orange Partner Program, offering solutions and professional services that integrate with Vertafore products. These latest partnerships give Vertafore customers more options to leverage data and analytics, deliver a modern user experience, secure rates & quotes, and more.