Live Insurance News

New FTJ/FLS Vice President To Lead Technology Efforts

August 3, 2020December 4, 2020 PR Article

KANSAS CITY, Missouri (August 3, 2020) – Forrest T. Jones & Company, Inc. (FTJ) and Fidelity Security Life Insurance Company (FSL) have appointed Chayan Dasgupta as vice president overseeing information technology (IT). Dasgupta, who goes by “CD,” will provide strategic leadership as a member of the FTJ/FSL executive team and manage a department of nearly 50 IT professionals. He will report to Brad Jones, FTJ/FSL Vice President. Dasgupta joins FTJ/FSL after more than 12 years at Overland Solutions, a leading provider of underwriting support services in the property and casualty…

Lemonade IPO takes off by 132 percent in first day of trading

July 6, 2020July 3, 2020 G. Turner

The tech-driven insurance company’s initial public offering proved to be a great success. Investors proved highly enthusiastic over the Lemonade IPO that took place on Thursday, sending the company’s share up by more than 130 percent on its debut trading day. The newly public firm is a tech-driven insurance company focused on digitizing the customer experience. The Lemonade IPO placed the spotlight on this insurer that has provided consumers with a fully digitized experience for purchasing and managing various forms of coverage. The company has Softbank’s backing and had originally…

Nationwide embraces new insuretech partnerships for commercial telematics support

February 5, 2020February 3, 2020 H. Cutner

Insuretech partnerships - emergency vehicle

The insurance company is working with Azuga and Zubie to power their new initiatives. The commercial insurance group at nationwide has secured two strategic insuretech partnerships. These are meant to help the insurer streamline its coverage options using telematics. Their goal is to launch new and refined fleet management programs for human services drivers. To do this, Nationwide has entered into insuretech partnerships with Azuga and Zubie. These two firms provide trip-tracking and analytics capability support technology. They are playing a substantial role in the insurance company’s Vantage 360 Premium…

Meet META – an Insurtech Start-Up Disrupting Post Sales Experience in Insurance Industry with Their Super App Services

November 14, 2019November 16, 2019 Media24

META is a new age insurtech start-up, which claims to be the “real friend indeed,” for both customers as well as insurance providers, by adding new dimensions to the post sales engagement. For customers, who often struggle with insurance management, it acts as an insurance wallet & has bundled numerous value added services around the same eco-system of auto, health and life. META makes it convenient for the customers to manage multiple insurances from the same app. For Insurance providers it acts as the necessary bridge for them to stay…

Innovation Group Unveils IG Gateway, A Mobile, Unified Cloud Platform for Property & Auto Claims Coordination

November 5, 2019December 4, 2020 PR Article

innovation group auto and property claims

LAS VEGAS – SEMA Show, Nov. 5, 2019 – Innovation Group, an international insurance claims administrator for auto, property, body shops, fleet and leasing operators with 1,200 global clients, today announced official release of its cloud-based, integrated and scalable mobile claims management application that enables all parties to track/manage claims processing from FNOL to settlement. A digital hub for all stakeholders in the claims process, the Innovation Group platform brings complete transparency to the claims process and is accessible by adjusters, contractors, body shops and fleet operators, policyholders and…

Nationwide announces the launch of a new digital insurance platform

October 9, 2019October 8, 2019 Nordstrom

Digital insurance platform - Woman using smartphone and laptop

The insurer has made the move in order to respond to a rising trend of consumer digital expectations. Nationwide has announced the launch of a new digital insurance platform. This has been a long awaited move by the company, which is responding to the growing need for digital options from a new generation of consumers. The new digital platform is called Spire, and it will officially launch before this year is complete. The Fortune 100 giant, based in Columbus, Ohio intends to make its digital insurance platform available to its…

Insurance technology is driving the industry’s evolution

September 19, 2019September 24, 2019 Julie Campbell

Various types of tech are changing insurers’ approach to appealing to prospective and existing customers. Insurance technology, also known as InsurTech, is pushing the industry in a fresh and targeted direction for all stakeholders. This tech is a vital component to appealing to a younger generation of consumers. Insurance technology deal values are up by 32 percent year over year as insurers and investors push to upgrade the industry and improve its profitability, said a recent Property Casualty 360 report. The report cited data and conclusions from the recent Global…