GEICO insurance rolls out company-wide education benefit

GEICO insurance - Education Benefits

In a labor shortage in which insurers already struggled to hire, they are broadening benefits. GEICO insurance has been including itself among the insurers working hard to boost their appeal as employers in a hiring environment that is highly competitive. Insurers were already struggling to appeal to new applicants before the labor shortage began. Over the last several months, GEICO insurance has been evolving and expanding the types of benefits available to its agents and other employees. Now it has rolled out a new education and growth benefit that is…

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Insurance agents hit with slashed commissions as new ACA enrollments launch

Insurance agents - Commissions

Insurers offering Affordable Care Act coverage are sometimes reducing the cut for those selling it. Insurance agents working for insurers selling coverage through the Affordable Care Act have started to alter the relationship they have with those employees by slashing – or eliminating – commissions for sales. Bright Health is among those that have advised their brokers that their commission structure is changing. According to a recent report in Fortune, Bright Health issued a note to its insurance agents stating that they had seen “extraordinary growth” in the enrollment into…

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Concirrus Launches AI-based Quest Property in US to Speed Claims Process

insurance tech news insurtech

Concirrus, a leading insurtech that harnesses the power of AI, machine learning and data analytics to improve insurance… today announced the launch of its Quest Property solution in the US market available for both residential and commercial properties. Quest Property uses AI to process satellite and aerial imagery quickly and accurately, determining loss severity within hours of data acquisition. By giving greater control to the insurer, Quest Property significantly reduces the time and resources that go into the claims process while mitigating additional claim loss due to risk of fraud,…

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GeoX partners with Sompo Japan to develop AI-based automated underwriting platforms

insurance news

GeoX, a leader in supplying geospatial data to insurers Announced today a partnership with Sompo Holdings Inc., Sompo Japan Insurance Inc., and Sompo Risk Management Inc., specialty providers of property and casualty insurance and reinsurance with operations in the U.S. and 80,000 employees in 228 cities in 30 countries. This partnership will support Sompo Japan as it develops an automated underwriting methodology utilizing state-of-the-art AI technology.  In recent years, advances in geospatial data technologies such as higher resolution and 3D satellite imagery have led insurers to use data in ways…

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Morale-boosting activities to bond your workplace

Office morale is a serious factor for any business owner or manager, as it will directly impact the productivity and retention of a team. We often discuss the many things that negatively impact office morale, so let’s uncover what can actually improve office morale. Remember, having a happier workforce will create more opportunities for professional development and will likely also assist in achieving your business goals and that bottom line. Contribute to a cause together Deciding to support a cause is a great way to create unity in the office,…

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GEICO sweetens its insurance jobs with new education benefit

Insurance jobs - Education Benefits

The new benefit is being offered across the company, eliminating all upfront costs of education. GEICO has announced that it is adding a new education and growth benefit across the company to make insurance jobs even more appealing to the 40,000 existing associates and those considering a position with the company. The education benefit through GEICO Strive is available to current and new associates in the company. Through GEICO Strive, those with insurance jobs with the company will have access to over 220 schools and education providers and will enjoy…

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State Farm to hold two massive insurance job fairs to hire thousands

Insurance job - Job Fair

The insurer is seeking to fill over 3,400 positions during the events, which will be held virtually. State Farm announced this week that it will be holding two virtual insurance job fairs as it seeks to hire over 3,400 new employees. The events will be held in the next few days and are designed to help meet with prospective candidates. The insurance company announced in a recent media release that it will be hiring thousands of people in full-time and part-time positions. These employees will have positions across the United…

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