Disruption has always been an integral aspect of the business arena. History has many examples where one innovative idea shook up the industry, and new methods replaced old practices. However, in modern times, the momentum at which new businesses disrupt industries has increased. Disruptive innovation refers to innovations and technologies that disrupt existing markets and value networks. Today, technology continues to evolve business practices as new advancements keep coming to the fore, disrupting industries. People generally have their loyalties attached to brands, and they do not switch to new offerings…
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Agents and professionals are advised to keep up with technology – this will be sure to help with running an agency or brokerage. Learn what company is coming out with the latest claims program or risk mitigation software.
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…
Read MoreUSAA auto insurance app expansion brings SafePilot telematics to 7 more states
The program will become available to drivers in a total of 23 states across the country. USAA has announced that it is expanding the availability of SafePilot in its auto insurance app. As a result, drivers in an additional seven states will be able to access the telematics feature. This option will make it possible for drivers with safe habits to enjoy discounts on their premiums. USAA, the insurer focused on military members and their families, will make the SafePilot auto insurance app available to a total of 23 states…
Read MoreState Farm to provide free tech to detect electrical fires before they start
The Ting sensors are able to spot hazards before they have the opportunity to spark a blaze. Electrical fires comprise about 13 percent of all blazes that affect homes. They kill hundreds of people every year and result in almost $1.3 billion in home damage every year, according to a National Fire Protection Association 2019 Survey. State Farm has invested in Whisker Labs and will provide the Ting Sensor to its home customers. The Ting sensor technology is meant to help mitigate hazards associated with electrical fires in homes. It…
Read MoreState Farm uses digital tools to deliver faster insurance payouts on claims
The insurer has used a solution enabled by Fiserv to make the process possible. State Farm has rolled out a new digital solution for making insurance payouts on claims for its fire and auto customers. The digital payments solution uses technology from Fiserv, Inc. a leading global payments and financial services technology solutions provider. Using the Digital Pay option, customers are provided with improved flexibility after a claim. The Digital Pay service lets consumers choose a faster way to receive their insurance payouts on auto and fire claims. Many consumers…
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