Insurance industry execs in U.S. recognize upgrade need

insurance industry modernizing

These leaders have stated that the core systems are in need of modernizing across the board. According to the results of a recent survey, two out of every three insurance industry executives – among the 200 who participated – said that they were dealing with aging legacy systems. This issue could result in a wide reaching barrier to being able to reach new markets. SAP AG has indicated that the current issue of aging legacy systems in the insurance industry could make it harder for insurers to reach new markets,…

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Auto insurance electronic proof is on its way to Indiana

electronic proof of auto insurance

The state is to become the next to accept digital copies of the card, to be displayed on smartphones. Drivers in Indiana are about to gain the ability to prove that they have auto insurance by displaying a digital copy of the card on the screen of their smartphones, now that a new bill has passed. The regulation will become effective as of July 1, 2013, and will make mobile devices into a perfectly allowable format. This use of smartphones as a way to prove that auto insurance exists represents…

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Travel insurance purchased by fewer U.K. vacationers

Travel Insurance

The latest figures are indicating that one quarter of vacationers are not covered when they go abroad. According to the latest data released by the Association of British Travel Agents (ABTA), one in every four vacationers traveling abroad from the United Kingdom has not purchased travel insurance protection. This figure shows that there is a rapid trend moving away from purchasing the coverage in recent years. The data indicated that from 2011 to 2012, the number of holidaymakers without travel insurance rose at a dramatic rate from having been 20…

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Pet insurance is among the most rapidly growing benefits for workers

Pet Insurance

New research is revealing that this is one of the latest and most popular added perks offered to employees. Along with the strengthening of the American economy comes a boost to the benefits packages that employers are offering their workers, and among the most rapidly growing trends at the moment is the inclusion of pet insurance in the mix. This is a leading voluntary benefit in terms of growth and the trend doesn’t appear to be slowing. Among Fortune 500 companies, one in every three is currently offering pet insurance…

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Insurance news made as animal activists hack insurer and steal financial data

Insurance news Badger activists

In another effort to protest the badger culls in the U.K., a group has claimed to have accomplished a cyberattack. The latest insurance news is surrounding an unlikely event which came about when animal rights activists announced their claim that they have been able to hack into the systems of an insurer that is linked to the National Farmers Union (NFU) so that they could steal the financial data of supporters of the badger culls. The activists say that they were able to break into the NFU Mutual systems and…

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