Tag: insurance technology

Auto insurance card can be displayed on smartphones in Texas

Julie Campbell
electronic proof of auto insurance

A new law means that drivers in the state will soon be able to show an electronic version of their proof of coverage. A new law has just been passed in Texas which means that in a short while, they will be able to use their smartphones to display a digital version of their proof of auto insurance coverage when they need to show this information to a police officer, someone with whom they have been involved in an accident, and other purposes. All that is required is that the…

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Insurance Industry Rapidly Adopts Touchstone, AIR’s Next-Generation Platform

Guest Author
Insurance industry standards and technology

BOSTON, July 18, 2013 — The insurance industry is rapidly adopting TouchstoneTM, AIR Worldwide’s next-generation catastrophe modeling platform. Since the new software’s release in January 2013, Touchstone has gained wide acceptance across the marketplace by some of the largest insurers, reinsurers, and intermediaries. “With the release of Touchstone, AIR is offering a robust and reliable platform that we can easily integrate into our proprietary catastrophe management system, APEX,” said Alan Calder, group head of catastrophe risk at Aspen. “Part of our risk management strategy is to evaluate and understand multiple…

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Social media could be a powerful tool for the property insurance sector

S.Vagus
Property Insurance

Property insurance marketing could get easier with the help of social media The value of social media as a marketing platform is often understated and underestimated, especially in the property insurance sector. Social media represents millions of potential consumers interacting with one another on a regular basis. While these people primarily use social media platforms as a way to stay connected to friends and family, they have shown that they are willing to connect with companies as well. According to the Insurance Technologies Corporation, a Texas-based company specializing in various…

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Insurance industry communication tech is antiquated

G. Turner
mobile phone video insurance industry technology

According to a recent report, companies and organizations are using old technology for communicating. According to a report that was sponsored by GMC Software Technology, many companies throughout the insurance industry aren’t supporting modern communications either within their own organizations or for interaction with their customers. This, despite the fact that these same companies feel that multichannel communication is a priority. The survey involved the participation of 90 different insurers and was conducted by Forrester Research. It placed its focus on communication between companies in the insurance industry and their…

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Auto insurance electronic proof is on its way to Indiana

Julie Campbell
electronic proof of auto insurance

The state is to become the next to accept digital copies of the card, to be displayed on smartphones. Drivers in Indiana are about to gain the ability to prove that they have auto insurance by displaying a digital copy of the card on the screen of their smartphones, now that a new bill has passed. The regulation will become effective as of July 1, 2013, and will make mobile devices into a perfectly allowable format. This use of smartphones as a way to prove that auto insurance exists represents…

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