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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Everything You Need to Know About MCS-90

Everything You Need to Know About MCS-90

The average person will probably not know what MCS-90 is, even if they already know a bit about insurance. That is because MCS-90 is a clause that only applies to individuals who are in the commercial trucking industry. The other category of person who knows what it is will probably be those who work within the commercial trucking insurance industry. MCS-90 is more critical than some people think, and it’s helpful to know about it, even if you’re not in the commercial trucking or insurance industries. That’s because if a…

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Choosing an Insurance Agency

Choosing an Insurance Agency

Insurance is something most people forget about until they are in a situation where they really need it. But, being insured is crucial to help protect the valuable things in your life. Some insurance is a necessity, such as personal auto insurance. However, insurance for other belongings such as jewelry and home contents is often overlooked. One thing that puts many people off becoming insured is not knowing what insurance they need and how to get the best deal. This is why using an insurance agency such as Barouh Insurance…

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Systemic pandemic risk is too much for insurance industry capacity, says Generali CEO

Systemic Pandemic Risk - EU mask

Philippe Donnet said that insurers must make changes to create more protection. The European insurance industry is not equipped with the necessary capacity to handle the systemic pandemic risk, said Philippe Donnet, Generali insurance company CEO. The Italian insurer’s chief says that considerable additional protection must be implemented. According to Donnet, in order to equip the insurance industry with what it needs to manage systemic pandemic risk, additional protection must come in the form of private-public partnerships. The Generali CEO made this statement during an online Politico interview cited by…

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Hippo insuretech agrees to $5 billion merger with Reinvent Technology Partners Z

Insurance News Hippo insuretech has announced that it will be merging with SPAC #insurancenews

This makes the insurance business the latest of many to fuse with special purpose acquisition companies. Hippo insuretech has announced that it will be merging with special purpose acquisition company (SPAC) Reinvent Technology Partners Z. The deal has valued the Californian insurance technology company at about $5 billion. Hippo Enterprises first launched in 2015. The Hippo insuretech sells homeowners insurance directly to consumers, promising fast quotes in a minute or less and the ability to purchase a policy within 5 minutes. Once the transaction closes, the insurance technology company will…

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No-Code Insurance Product Configurator

No-Code Insurance product

tigerlabs PaaS Insurance Solution “i2go” is about to launch a new No-Code insurance product configurator for insurers to bring their products faster to the market without the need of IT-support.  ​i2go, an insurance platform as a service helps insurance businesses to offer an end-to-end digital experience for customers as well as their system users. Now, i2go is about to launch a No-Code product configurator, which enables Insurance Businesses to develop new insurance products faster and without the need of any IT support. The No-Code concept in i2go rating enables insurers…

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CSG Actuarial Announces Availability of It’s Newest Tool Supporting Insurance Agents: Client Manager

insurance agents technology

CSG Actuarial is well known in the insurance industry for its technology product portfolio supporting agencies with clients in the senior market. They just announced a new product, Client Manager, with features that allow users to upload client lists, create segments and run multiple insurance quotes at one time. The new tool saves valuable time by searching multiple senior market product solutions at one time. It is also built to enhance client retention by offering features for proactive filtering of their client data to target specific groups with different product…

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