Tag: insurance technology

Health care reform law glitch lowers coverage standards

G. Turner
health care reform news

An issue with the federal certification calculator makes it possible for employers to provide substandard plans. A glitch has been found in the federal calculator that certifies that insurance plans are up to the standard of the health care reform law, and this is causing many large employers to offer their workers plans that do not provide coverage for some of the very basics, such as for hospitalization. This, according to a growing number of insurance brokers and consultants who have been using the calculator. It looks as though the…

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Insurance industry must take the digital age seriously

Logan B.
mobile business insurance industry

Report highlights the changing behavior of consumers around the world Improving digital engagement may be the key to success for the insurance industry, according to a new report from PwC. Consumers throughout the world are becoming more digitally oriented, relying on the online realm to conduct their daily lives. These people shop online, communicate with their loved ones online, and even work online, and if the insurance industry cannot cater to the changing needs of digital consumers, it may risk losing its ability to engage customers effectively. Consumers are favoring…

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Software is making the insurance industry more efficient

Marc
Insurance news technology internet of things

Technology is becoming a powerful tool for insurance companies IBISWorld, a global business intelligent organization, has released a new report concerning the effect that new technology is having on claims processing in the U.S. Claims are nothing new for the industry, but how insurers deal with the claims they receive has been evolving rapidly over the years. As new technology becomes available, insurance companies are finding better ways to manage claims and process these claims at a more rapid pace. Insurers are also become more adept at weeding out fraudulent…

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Technology Is Changing the Insurance Industry

Note From The Editor
insurance industry technology

Technology is beginning to play a major role in the lives of people everywhere. People are beginning to use mobile devices and traditional computers more frequently, and this is having an effect on their daily lives. Businesses are also beginning to become more reliant on various forms of technology, including those in the insurance industry. The advent of technology is having a major impact on the industry and how it operates in three ways. Accessible Information Technology is making information much more accessible than it has been in the past.…

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Technology is becoming a priority for the insurance industry

Marc
Insurance Technology investments

Survey highlights the growing interest insurers are showing in technology Technology may soon be receiving more attention from the insurance industry. A new survey conducted by Xchanging shows that the industry is beginning to better understand the importance of technology and how it can be used to connect with and serve consumers. The insurance industry is notoriously slow in embracing new technology, opting to hold to traditional engagement methods that have been in used for decades. As technology begins to play a more important role in the daily lives of…

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