Here’s Why Your Carrier Needs to Adopt a Greenfield Approach Today

Here's Why Your Carrier Needs to Adopt a Greenfield Approach Today

Over the past decade, insurance companies have begun modernizing their core systems and digital capabilities in response to the growing demand for services delivered over the internet. With more customers looking for convenient online options to purchase policies, make claims, and pay insurance bills, insurance carriers must accelerate their digital transformation initiatives. This move enables carriers to deliver life insurance innovation solutions that effectively cater to modern customers’ needs.  To successfully implement a digital-first strategy, insurance companies must adopt a greenfield software development approach. The greenfield approach is the process…

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5 Easy Ways You Can Reduce Your Home and Business Insurance Rates

5 Easy Ways You Can Reduce Your Home and Business Insurance Rates

It’s not difficult to both love and hate insurance. Few of us enjoy paying for it every month, but we are relieved to have it if something bad happens. That is definitely the case for both home and business insurance.  Buying either can be a costly endeavor, but the good news is that you don’t have to be stuck with high monthly premiums. Instead, by shopping around, working with the insurance company, and living in places with fewer risks, you can make the payments much more manageable. Let’s look at…

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Insurance companies take a powerful hit from severe weather in China

Insurance companies - flooded streets in china

Severe flooding, earthquakes, hurricanes and other disasters are leading to massive catastrophic losses. Insurance companies are feeling more than just a pinch from providing coverage in China. The country has faced massive severe rainstorms, flooding and other disasters, and they are becoming increasingly commonplace. July’s flooding in Henan broke a record for single most costly event with $1.7 billion in insured losses. This has been particularly hard on insurance companies selling property and casualty coverage, said an S&P Global Ratings report tracking losses to August 3. The rainfall in Henan…

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7 Steps To Filing An Auto Insurance Claim

7 Steps To Filing An Auto Insurance Claim

While a car accident can occur in the blink of an eye, the aftermath of the incident can linger for weeks, months, or even years. After an accident, you may be left with vehicle damage, medical expenses, and other costs. Particularly if you’re able to prove auto negligence or the other party is at fault, you may be able to get compensation for these expenses; but to do so, you’ll need to see the insurance claims process through to completion. Submitting an insurance claim after a traumatic accident can be…

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4 Things About Insurance Companies You Should Know

4 Things About Insurance Companies You Should Know

When you become an adult, you’ll probably realize you need insurance. The more of it you have, the better you will feel. You might need homeowner’s insurance, various car insurance varieties, life insurance, and potentially dozens of other kinds. There are some things about insurance companies, though, that either the general population doesn’t realize, or else they don’t spend very much time thinking about them. We’ll talk about insurance companies a little bit in this article, and we’ll point out some ways they operate that you should never ignore. They’ll…

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Insurance App Development in 2021: Everything You Need To Know

Insurance App Development in 2021: Everything You Need To Know

More and more people are looking for efficient ways to get insurance services. And mobile app development is the answer to their demand. Insurance mobile apps will simplify working with insurance and help users solve existing problems even when they’re on the road.  Let’s deep dive into insurance app development and how users can benefit from it.  Issues Insurance Apps Solve What do you need insurance software applications for? It can guide users through different insurance aspects and make working with insurance more effective. Below, you’ll find significant challenges insurance…

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Why Insurance Companies Can’t Stand Old Lead Water Pipes

potential significant health risk from the water, old lead pipes also come with an increased risk of cracks #homeowners #insurance

Insurance companies regularly remind homeowners and business owners of the downsides of old lead water pipes.  There are two main cautions homeowners insurance companies such as Allstate and State Farm, among others, address on their official blogs and social media accounts: The health risk of lead in the water The increased risk of broken or bursting water pipes leading to mold and flooding. Can You Get Lead Poisoning from Water? Lead is poisonous. It can enter your body through the water you drink or through your lungs when you breathe…

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