Insurance payouts made via instant payments reached $227 billion last year

Insurance payouts - A person paying someone else

Insurers sent about 20 percent of all payments to policyholders using this digital method. Last year, nearly one in five consumers received insurance payouts at least one time, and among those 49 million policyholders, a larger number than ever before received the funds via instant payments. That meant 2022 represented the third consecutive year of increases for the use of this method of payments. The rising interest in and use of instant insurance payouts indicates that insurers will be increasingly required to provide customers with options from which they can…

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Insurance agent value not always recognized by consumers, says Nationwide study

Insurance agent value - Man observing charts on iPad

The insurer’s research shows that customers’ and agents’ perspectives don’t always align. A new Nationwide Insurance report has indicated that when it comes to the insurance agent value provided, these pros don’t necessarily see things the same way as their customers. The research points to a number of critical gaps between the thoughts of the two sides. The insurance agent value has always been built on a foundation of providing customers with everything they want; from the information and resources they need to the support and assistance they require. However,…

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Why It Is Important for Health Insurance Companies to Invest in People

health Insurance Companies - Skills - Employees

The insurance industry has always been a people-intensive industry. The industry relies on capable people – from agents to underwriters and risk managers – to deliver services to customers. While there are plenty of technologies affecting this industry, people remain at the heart of many insurance operations. For health insurance companies, in particular, investing in people is now a necessity rather than an option. The industry is getting more competitive, and there are many reasons why it is important for health insurance companies to invest in the people supporting their…

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This week in insurance news video round up

Insurance News Video

Below please find our notes and links about video featured insurance news… Health insurance shows 84 million Americans uninsured or underinsured for a span of 2012 According to research conducted by the Commonwealth Fund, there were 84 million people who either went uninsured or underinsured for a span of time in 2012. The reason has to do with a provision of the Affordable Care Act that allows young adults to remain on the health insurance plans of their parents for longer periods of time. In the case of underinsurance, research…

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Insurance News Video Broadcast

insurance news video

This Week’s Round Up – Insurance News Broadcast for April 4th, 2013 See Notes and Highlights of The Stories Featured in Video: Study claims health insurance rate shock may be coming Health insurance companies throughout the U.S. have been warning of the impending rate shock that could be spurred by the Affordable Care Act. According to the study, health insurance companies are expected to pay out an average of 32% more on payouts for medical claims for individual consumers. Federal officials are questioning the accuracy of the study suggesting that…

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