Live Insurance News

Life insurance industry experienced worldwide growth last year

July 3, 2015July 1, 2015 Julie Campbell

A new Swiss Re report has shown that there was a global gain in this sector, despite only slight economic improvement. Swiss Re, the global reinsurance company, has recently released a report that has shown that the global life insurance industry had managed to gain momentum in 2014, even though the economic situation saw only the slightest growth. The total number of direct premiums that were written increased by 4.3 percent. This is particularly notable following the trend in 2013, in which the total number of direct premiums written had…

Climate change is proving unsettling for insurance agents

June 30, 2015June 27, 2015 Julie Campbell

Climate Change Insurance agents Industry

Lloyd’s of London has revealed that it is starting to look into potential catastrophes from the new reality. Lloyd’s of London has just released a document that is rather unsettling to insurance agents in the way that it has shown that it is currently exploring potential apocalyptic disasters that could result from the impact of climate change on the current structure of the world. The report detailed the way that there could essentially be a worldwide meltdown from a food supply chain failure. This was far from the type of…

Insurance industry may not be living up to expectations

April 3, 2015April 2, 2015 Marc

California health insurance industry agent

Insurance agents and brokers are falling behind when it comes to meeting consumer expectations The insurance industry may be having a problem with providing consumers with a favorable experience, according to a report from Market Insight Group and Applied Systems. The report shows that independent insurance agents and brokers are failing to provide their clients with an experience that they have come to expect, which is leading to a disconnect between consumers and the insurance industry. A poor experience could lead consumers to seek coverage from other companies. Report highlights…

Insurance agents could see greater struggles from online selling

January 23, 2015January 20, 2015 Julie Campbell

The internet is starting to show the areas in which these industry pros could be threatened. The internet has had a history of turning jobs that used to be completed by people into tasks that could be finished in a few seconds by an algorithm or two, and now insurance agents are wondering whether that same fate could be headed in their direction. The insurance industry is seeing a massive shift toward informing consumers and selling online. Companies are introducing massive websites that promote various products, provide additional information about…

Insurance industry is growing more competitive for independent agents

January 15, 2015January 14, 2015 Nordstrom

Accenture releases report highlighting market disruption for insurance agents Accenture, a multinational management consulting and technology service firm, has released a new report that shows that independent agents in the insurance industry are not immune to digital disruption. The report makes not of changes in consumer behavior, the emergence of new technology, and the ongoing evolution of the insurance industry itself as potential threats to independent agents. Moreover, these agents see serious issues emerging in the market that could introduce some turbulence to their business. Digital sales are creating some…

Top Valentine’s Day gifts for insurance agents, entrepreneurs, and businesspeople

January 7, 2015January 5, 2015 Julie Campbell

When seeking something other than flowers and chocolates, some of the top gifts include great tech. The traditional Valentine’s Day gift may include a bouquet of overpriced roses or box of chocolates purchased at the last minute on the way home from work, but a more personal touch for businesspeople such as insurance agents and other entrepreneurs can show that special someone that some thought went into the gift. That helps to explain why tech gifts have started to become very popular on this most romantic day of the year.…

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…