Live Insurance News

Google may break into the US auto insurance market

January 14, 2015January 13, 2015 S.Vagus

Analysts suggest that Google could launch a new insurance comparison service in the US Google may soon be offering auto insurance coverage in the United States, according to analysts with Forrester Research. Analysts predict that Google will soon launch its Google Compare service, which is designed to be an auto insurance comparison shopping platform. This platform would allow consumers to search for insurance coverage offered by numerous companies and find the policies that best suit their needs. While Google will not be offering coverage itself, it could soon become a…

Google is stepping into auto insurance sales

January 12, 2015January 10, 2015 Julie Campbell

The internet giant intends to begin selling policies for vehicle coverage in the United States market. According to a statement recently made by an analyst, Google Inc. has intentions to make its way into the American auto insurance market with a website that will give people across the United States the opportunity to compare policies and buy coverage. This is only the latest step in a broader effort that the company to make its way into the U.S. automotive industry. The internet search giant is going to be creating a…

Auto insurance may experience a paradigm shift because of driverless cars

January 8, 2015January 7, 2015 Logan B.

Google driverless auto insurance news discount

Driverless cars could have a major impact on auto insurance coverage and how companies protect drivers and their vehicles Driverless cars may soon be quite common on the roads, and this could have a major impact on auto insurance coverage. According to Allstate CEO Tom Wilson, there will be an ongoing debate over insurance coverage for driverless vehicles for years to come. Currently, there are precious few driverless vehicles on the roads, with Google being one of the only companies in the world to apply such a vehicle in a…

Mobile apps could disrupt the auto insurance market

December 11, 2014June 4, 2015 Logan B.

Google and Apple may become market disrupters by supporting mobile applications Both Google and Apple may soon become disrupters in the auto insurance market. A growing number of insurers are beginning to use telematics to offer new, usage-based policies that are popular among consumers. These companies are using relatively expensive devices to monitor the driving habits of policyholders and this information is being used to determine the cost of an actual insurance policy. Mobile application may soon become a powerful tool in helping insurers cut the upfront costs associated with…

Insurance industry may face new competition from Google and Amazon

October 22, 2014October 21, 2014 S.Vagus

Google and Amazon may be looking to break into the insurance market The insurance industry may be facing new competition in the next few years from some unexpected rivals. Google and Amazon are beginning to look into the insurance sector, seeing significant promise therein. Consumers throughout the world are beginning to trust large technology and commerce companies with various services. As this trust grows, these companies are beginning to find new ways to engage consumers and offer them products that are in high demand. New competition in the insurance industry…

Drones may be coming to the insurance industry

October 9, 2014October 7, 2014 Marc

Insurance industry standards and technology

California insurer wants to use drones to expedite the claims process after natural disasters An insurance company operating in California wants to use unmanned aircraft to speed up the claims process associated with natural disasters. In the wake of a natural disasters, such as a major flood or earthquake, insurers often deploy claims adjusters to help policyholders file claims. This can be a time consuming process, depending on the severity of the disaster, and the longer the claims process takes, the more money an insurer is spending on the matter.…

Driverless Cars – The Future of Motoring

June 16, 2013April 21, 2014 Guest Author

Driverless cars may be far closer to becoming reality than is generalised realised according to new research by MoneySupermarket.com. Eight major global players are all competing to take this developing industry by storm, with Mercedes set to win the race to be first to market with a driverless S-Class set to be made available later this year. The Mercedes solution will be capable operating without driver input at speeds of up to 25mph, which will allow drivers to avoid tedious and stressful inner city driving. This will be very similar…