Live Insurance News

Life insurance report reveals key trends to 2018

November 3, 2014November 1, 2014 G. Turner

Research and Markets has now released a new publication that provides insights into opportunities in the Philippines. Analytics firm, Research and Markets, has now added a new report to its offerings which they have entitled “Life Insurance in Philippines, Key Trends and Opportunities to 2018”, providing insight into that location and the opportunities that are opening up there over the next four years. The results of the study showed a number of important trends within this sector of the insurance industry. This life insurance news report showed that in the…

Insurance technology trends survey reveals increase in ICT investments

October 31, 2014October 28, 2014 H. Cutner

Insurers are increasing the amount that they are investing into ICT services, says the research. The results of a recent industry and insurance technology survey have shown that when it comes to ICT services, insurers are, on the whole, increasing their investments and are allocating more of their budgets into that area. The report was called “ICT investment trends in insurance – Enterprise ICT spending patterns through to the end of 2015”. This insurance technology trend data was based on the responses of 132 insurers with regards to their investments…

Smartwatches are the insurance technology of choice for the future of the industry

October 29, 2014October 28, 2014 Julie Campbell

mobile cloud insurance technology industry

A recent study has shown that business owners feel wearable technology will be the most practical for their needs. Insurance technology has always been a vital part of the industry, from modeling to risk assessment, communication, and a seemingly endless range of other purposes. A recent study conducted by Live Insurance News has shown that when it comes to the devices used by professionals such as agents, brokers, and agency owners, smartwatches are the clear choice for meeting future needs. That said, while smartwatches do appear to be the preference…

Insurance companies aren’t ready for climate change

October 24, 2014October 24, 2014 Julie Campbell

climate change weather storm insurance industry

A new report has shown that insurers in the United States aren’t prepared for risks associated with global warming. According to a report that was recently produced from a survey conducted by Ceres, an environmental investigator advocacy group, the majority of American insurance companies are in no way prepared to address the types of risks that could arrive as a result of climate change. This study determined that this could bring about widespread negative consequences in dealing with this important issue. Ceres surveyed 330 different insurance companies that represent about…

Insurance industry must take the digital age seriously

September 4, 2014September 2, 2014 Logan B.

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…