Insurance Article Category

Could Claims Challenge Current InsurTech Priorities?

Published:Thursday 12th of September | by Sud Gover

The insurance industry is witnessing a lot of change, driven by current technological trends, like the Internet of Things, Big Data and Analytics, Blockchain which are dynamically and irrevocably changing the way it functions. Let's look at the top trends impacting the industry and discuss the various challenges which are driving the current InsurTech priorities and see if we can call out the most important of them all. Every industry has its leaders and its laggards and the insurance industry is not an exception to this.

Usability, Accessibility, and Configurability in a SaaS-Based Portal Package

Published:Thursday 12th of September | by Sud Gover

Insurers who resist change and continue to depend on their aged Policy Administration Systems are missing out on the amazing advantages offered to them by the new age SaaS-based PAS which offer amazing advantages and enhanced usability, accessibility and configurability. This article addresses these aspects and lists the advantages offered by a PAS to enhance the competitive edge of an insurer. All PAS systems do not offer such advantages and some actually fail to replace the legacy system, wasting the time and resources of an insurer and setting them back.

Feeling Insured

Published:Thursday 12th of September | by Charles Anderson

Frequently considerations of decentralized technology's future social implications present freshly differentiated images of somehow superior methodologies that may be radically different than the present day. Yet the decentralized recording of centrally controlled operations could instead be a marked degradation to both the technology's potential and developmental promise...

No ROI Without Relevance in the Insurance Industry

Published:Thursday 12th of September | by Sud Gover

Business strategy today is all about integrating some new insights and forging a comprehensive plan for success. According to a study by McKinsey, companies which use customer analytics extensively are more likely to generate above-average profits. Not stopping there, they also outperform less analytically oriented peers, staying in the lead across the entire customer lifecycle and enjoy much superior customer loyalty.

What Makes Insurance to Be the Paradigm for a Secure Future?

Published:Thursday 12th of September | by Aman Tumukur Khanna

The whole nature cycle in the present times are going for a toss with earthquakes and floods becoming too common, the water reserves are going down and animals becoming homeless due to a steadfast population. The natures balance is getting altered due to interferences like cloud seeding etc. Life is uncertain and there is a need to get insurance to be able to recuperate from untimely deaths, loss, destruction, damages, etc.

Social Security in the 21st Century

Published:Thursday 12th of September | by Martin Hahn

Social security is one of the successes gotten by the Americans. The program provides a foundation of economics security for more than 47 million Americans and their families. The reason for the built in protections, we have come close to eliminating poverty among seniors. Social security also helps in the provision of basic income to millions of families who have suffered the death or disability of a wage earner.

The Reasons Which Trigger Liability Insurance Extensively

Published:Thursday 12th of September | by Aman Tumukur Khanna

The age that we live in is becoming cognizant enough of their liabilities. Much before the results are out all acts of defence are kept ready. Doctors make it a point to pay huge amounts of money to get them insured as patients can try to make them accountable for careless or malpractice issues.

How Modern Insurance Policy Systems Are Reinforcing the Insurance Industry

Published:Thursday 12th of September | by Sud Gover

It's time insurers threw off the shackles of their legacy systems, which add to the oppression of market pressures by hampering the effectiveness of their operations. But to do so, they need to recognize the improved functionality and additional value a successful PAS transformation could bring to their businesses first.

Ocean Harbor Insurance - A Complete Protection

Published:Thursday 12th of September | by Rizvana Manzoor

Ocean Harbor insurance is a home and auto insurance scheme through which you can insure your property and vehicles from any sort of unforeseen disasters such as, fire, theft, lightning, and wind. To ensure full safety of your property you can opt for a policy that would cover all your personal structures including the temporary provisions, thus ensuring full security and safety. You can opt for an ocean harbor insurance policy for all sorts of properties; be it a personal possession or a commercial possession.

Fire Claims - Tips for Filing an Insurance Claim

Published:Thursday 12th of September | by Lora Davis

After suffering a fire the homeowner will need to do file a claim for property damages so they can clean up and start to rebuild. Fires are devastating and sometimes homeowners will make a costly mistake during and after the settlement of their fire claims.

Fire Claims Process

Published:Thursday 12th of September | by Lora Davis

At all times you should know where to look for and find your insurance policy. It should be in a safe fireproof lock box or safety deposit box rented from the bank. When there is a fire you should get your insurance policy out and review it to determine what type of coverage you have and how much it is for, what is covered and what is excluded. This information will help you know how you should file your claim and if there are any deadlines to file your claim.

Property Claims Adjuster - What They Do

Published:Thursday 12th of September | by Lora Davis

This professional is the one that processes insurance claims to determine whether the one insured is entitled or not to a payout. Many property claims adjusters work for insurance companies and they will be the ones that investigate claims that are related to homes, businesses, vehicles, and other insured properties. To begin the process the adjuster will speak to the one filing the claim to determine the cause of the damage.

Quick Guide to An Insurance Claim

Published:Thursday 12th of September | by Chaitanya Rane

Before anything else, we first have to understand what an insurance claim is. This way we can better appreciate the whole procedure and it simply becomes easy to go through because we already know what to do step by step, in relation to the whole process.

Insurance Perks

Published:Thursday 12th of September | by Aman Tumukur Khanna

Insurance not only helps in making smart and convenient financial strategies, it also helps in securing the best possible future for your loved ones. Insurance seals the deal for a better future and a safe one and comes with a lot of helpful factors as well. An insurance is not about one's own safe measure or an easy receding life, it does a lot to protect and help the future generation of a particular family in desperate times demanding desperate measures.

What Is Insurance?

Published:Thursday 12th of September | by Rifai Zanuar

As we know one way of risk prevention is to insure a risk to the insurance company. This method is considered the most important method in tackling risk. Therefore many people think that risk management is the same as insurance. Though the actual circumstances are not so.