Category: Technology

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.

Allianz SE joins forces with Microsoft for a strategic insurance partnership

Logan B.
Strategic insurance partnership - Microsoft building

The two giants will be working together to transform the way digital processes are conducted. Allianz SE and Microsoft Corp have jointly announced that they’ve entered into a strategic insurance partnership. The goal is to digitally transform the insurance industry for greater ease and improved customer experience. Many consumers feel their insurers have fallen behind the times in terms of digital experience. The companies are hoping to use this strategic insurance partnership to change the entire customer experience from what it is today into something much improved. The idea is…

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State Farm partners up with an Arizona autonomous vehicle consortium

Julie Campbell
Autonomous vehicle - Arizona Gov. Doug Ducey

The partnership makes the insurer the first one to join forces with this automotive technology group. The Institute for Automated Mobility (I.A.M.) and State Farm Insurance have announced that they are entering into an autonomous vehicle partnership. The consortium was launched a year ago and was formed to move ahead the development of automated vehicles. The partnership represents the first entry of an insurer into this effort. Governor Doug Ducey made the first announcement of this new tech and insurance partnership. Arizona Governor Ducey made the announcement that State Farm…

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Allstate insurance analytics prepare for anticipated transportation industry changes

G. Turner
Insurance analytics - Cars in Rush Hour

The insurer has gone all-in to work the data ahead of widespread expected automotive changes. Allstate has gone for it with the development of an insurance analytics company. The goal is to use it to be prepared for a massive overhaul of the transportation that it anticipates in the not-too-distant future. Roadways have become very dangerous as they are increasingly used and congested at all times. A recent Forbes report focused on an interview with Gary Hallgren, the president of Arity, a company Allstate created in 2016 in order to…

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Tencent takes more of Indian insurance market with 10% Policybazaar stake purchase

H. Cutner
Indian Insurance Market - Tencent HQ

The Chinese tech giant has acquired a minority state in the home, auto and life comparison company. Tencent Holding Ltd. has just taken more of its first steps into the Indian insurance market with an acquisition of a 10 percent stake of Indian online insurance aggregator Policybazaar. This values the Indian company at $1.5 billion. The Chinese technology giant has been working to grab a piece of India’s growing insurance sector. The 10 percent Policybazaar stake was obtained through a purchase of half of Tiger Global Management LLC’s stake in…

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

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…

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