New breakthroughs in wearables could potentially revolutionize the healthcare industry. Recent advancements in wearable technology are changing the nature of healthcare, especially when it comes to boosting the independence and overall wellbeing of patients who are suffering from serious injuries, which could have some interesting implications for workers compensation claims. The idea is that by using wearables, the insurance industry could greatly benefit in overall claims costs. The workers compensation industry could be able to save a considerable amount on its claims while it greatly improves the quality of life…
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Progressive to launch new app to help drivers save money on auto insurance
New app will work in tandem with insurer’s Snapshot program Progressive Insurance has begun developing a new pilot mobile application that may allow drivers to earn discounts on their auto insurance coverage. The insurer has chosen Censio to develop the software for the new mobile application, which will be based on Progressive’s usage-based insurance program, called Snapshot. This type of insurance coverage is becoming more popular among consumers, especially as they look for ways to save money on the coverage they have. Usage-based auto insurance continues to attract more interest…
Read MoreAllstate Insurance Drivewise telematics app receives upgrade
The usage based auto insurance program offered by the insurer is rewarding safer drivers. Allstate Insurance is now adding a new upgrade to the app for its Drivewise® Mobile in order to be able to enhance the experience for drivers who are looking to save money based on their safe habits behind the wheel. This new version of the usage based insurance app is meant to boost the incentive for safe driving. The smartphone app from Allstate Insurance has already been winning awards and is now offering drivers a new…
Read MoreInsurance news is undergoing a massive evolution from technology
The Internet of Things (IoT) is expected to be a driving force behind massive changes to the industry. Technology has been making insurance news for many years, but it is only of late that the changes have been at an exponential rate, as smart devices have become a typical part of the average household, and as the Internet of Things begins its own expansion. The solutions offered by the IoT can be as simple and practical as they are personalized. This means that insurance news generated by the IoT is…
Read MoreUsage based insurance program lets young drivers prove themselves
This telematics based system will give new Ontario, Canada motorists the chance to prove their safety habits. A company called Ingenie Canada Inc. has now announced that it will be offering a usage based insurance program in Ontario, Canada, that will use telematics technology in order to allow drivers who are aged 24 years and younger to show that their habits are safer than the demographic as a whole. The company is allowing younger drivers to show their true risk level instead of being lumped in with the group. The…
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