Tag: insurance technology

Insurance industry values effective business processes over technology

Julie Campbell
health insurance industry employer work

A recent study has shown that 77 percent of people believe that best practices are critical to business success. The results of an insurance industry survey conducted over the first half of November by Live Insurance News have now been released, and have shown that participants believed that effective practices were the most important part of running a successful business. At the same time, having the best technology surprisingly scored the lowest in this research. The researchers behind the study indicated that they had not expected technology to rate as…

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Is insurance technology the key to health plan enrollment of the “invincible” youth?

Julie Campbell
Cell Phone Insurance technology

Kentucky is using a mobile app called Kynect to try to reach more young people and encourage them to sign up. Officials in Kentucky are using insurance technology over mobile devices such as smartphones and tablets in order to try to be able to better reach young people and encourage them to enroll in health plans. The Kynect smartphone app launched with the insurance exchange in the state on Saturday. The Kynect mobile app represents some of the latest in insurance technology, in the hopes of appealing to younger demographics…

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Aetna to acquire health insurance exchange technology developer Bswift

Logan B.
Trumpcare health insurance investigation

Aetna announces acquisition of Bswift, developer of exchange technology Aetna, one of the largest insurers in the United States, has announced that it has reached a deal to acquire a privately held company responsible for developing technology used in health insurance exchanges. The company, called Bswift, creates cloud-based technology that helps people shop for coverage through state-based exchanges. This technology is meant to be used by employers and exchanges alike and is designed to be consumer friendly rather than have a specific focus on businesses. Company’s technology used to help…

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Insurance technology trends survey reveals increase in ICT investments

H. Cutner
Insurance Technology investments

Insurers are increasing the amount that they are investing into ICT services, says the research. The results of a recent industry and insurance technology survey have shown that when it comes to ICT services, insurers are, on the whole, increasing their investments and are allocating more of their budgets into that area. The report was called “ICT investment trends in insurance – Enterprise ICT spending patterns through to the end of 2015”. This insurance technology trend data was based on the responses of 132 insurers with regards to their investments…

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Smartwatches are the insurance technology of choice for the future of the industry

Julie Campbell
mobile cloud insurance technology industry

A recent study has shown that business owners feel wearable technology will be the most practical for their needs. Insurance technology has always been a vital part of the industry, from modeling to risk assessment, communication, and a seemingly endless range of other purposes. A recent study conducted by Live Insurance News has shown that when it comes to the devices used by professionals such as agents, brokers, and agency owners, smartwatches are the clear choice for meeting future needs. That said, while smartwatches do appear to be the preference…

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