Live Insurance News

Zurich Insurance company pricing strategy keeps it ahead of climate change impact

August 21, 2023August 21, 2023 Live Insurance News

Insurance company - Climate Change - Business Strategy

The insurer’s price hikes helped it to bring in operating profits that were better than expected by mid-year. The Zurich Insurance company recently reported that it has achieved a half-year operating profit that was better than expected, bolstered by its life business and the price increases it implemented to mitigate increased claims from severe storms. Zurich is the fifth-largest insurer in Europe and posted a $3.72 business operating profit. Though there wasn’t much of a difference over last year’s first half, analysts were polled by the company and their average…

Insurance spending will double in the next decade, says Lloyd’s of London

March 28, 2023March 27, 2023 H. Cutner

Insurance Spending - Lloyd's of London Building

Chief exec John Neal has predicted that a greater risk perception like bank failures will drive the trend. Global insurance spending will probably reach the point that it has doubled in the coming decade, mainly driven by an increased risk perception, said Lloyd’s of London CEO John Neal. Climate change and bank failures have reminded the world of the size of potential risks. “Financial risk,” on the heels of bank failures in Europe and the United States, in addition to systemic risks, such as climate change and pandemics, are expected…

Voluntary Advantage Welcomes a New Key Contributor to Their Publication

December 5, 2022December 4, 2022 PR Article

Voluntary Advantage welcomes new company to their monthly publication

December 5, 2022 / Denver, Colorado: Voluntary Advantage is excited to announce that Eastbridge Consulting Group, Inc. will be a Key Contributor to their monthly publication for the Voluntary Benefits industry, “The Voluntary Benefits Voice”. Eastbridge Consulting Group, Inc. has nearly 200 clients worldwide of their consulting and research services, including 20 of the 25 largest voluntary/worksite carriers. Voluntary Advantage believes their unique insights into carrier capabilities, processes, and strategy will provide their subscribers with valuable insights into market trends on a monthly basis. Nick Rockwell, President, and Danielle Lehman,…

How to close an insurance deal: The Emotionally Intelligent Way

October 21, 2022October 21, 2022 Live Insurance News

close insurance sale how to and easy tips

Congratulations! You’ve made it to the final stage of the insurance sales process: closing the deal. This is where you’ll need to put all of your skills to the test in order to seal the deal and make your commission. But simply presenting the facts and figures isn’t enough. In order to close an insurance deal, you must also be able to connect with your prospect on an emotional level. You need to show them that you understand their needs and that you can provide a solution that will improve…

Fast-Growing Gradient AI Announces Continued Momentum Built on its AI Solutions that Transform Insurance Claims and Underwriting

September 20, 2022September 21, 2022 Company Growth Story

– Revenue Grows More Than 100% in First Two Quarters – Doubles Global Staffing, Selected by over 30 New Customers Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, today announced at InsureTech Connect Vegas its Q1 and Q2 highlights and continued momentum for 2023 and beyond. During this time, the company increased revenue by more than 100% and added over 30 new customers. “Gradient AI is in rapid-growth mode and well-positioned to continue on this path well into 2023,” said Stan Smith, founder and…

Customers are decreasingly impressed with digital insurance offerings, JD Power study

May 31, 2022May 30, 2022 H. Cutner

Insurers aren’t capturing the approval of their customers as much as they used to be. According to a recent J.D. Power study of the property and casualty industry, customer satisfaction with digital insurance offerings is taking a dive, even though insurers have been investing heavily in their mobile apps and customer-facing websites. Customer satisfaction fell quite a bit – by 16 points – when compared to last year’s survey results. The J.D. Power study found that customer satisfaction fell to 499 out of 1,000 points this year. The company attributed…

What is the Silent Generation?

May 27, 2022May 26, 2022 Julie Campbell

While Boomers, Millennials and Gen Z are regularly in the spotlight, this group is often overlooked. The Silent Generation is a term referring to people who were born between the years 1925 and 1945. Though they’re not in the spotlight as often as other age groups, they have defined needs and preferences in how they are served by the insurance industry. As popular as technology is, this group is less inclined to use it to obtain the services they require. The Silent Generation is among the least inclined to use…