Tag: insurance applications

Gen Z’s Truth About Lying: A Tech Revolution in Insurance

G. Turner
Gen Z - Masks

In an unexpected twist, the high rate of insurance application falsifications by Gen Z has become a catalyst for technological advancements within the insurance industry. NerdWallet’s 2024 Insurance Dishonesty Report reveals that 42 percent of Gen Z-ers have admitted to lying on insurance applications to secure better rates. This trend, while initially alarming, is driving significant innovation in how insurers handle data and assess risk. Generational and Gender Perspectives on Insurance Dishonesty Emerging trends highlight a generational and gender divide in attitudes towards insurance dishonesty. Men are generally more inclined…

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Apple and IBM launch an app that could help the insurance industry

S.Vagus
mhealth watch insurance industry

New application could be a valuable tool for insurance companies that want to engage mobile consumers The insurance industry may benefit from better mobile apps that can engage consumers that are becoming more reliant on mobile technology. As such, IBM and Apple have partnered to introduce their new Retention application, which may be the first of many apps that begin to emerge in the insurance sector. The partnership is meant to leverage the strengths of both IBM and Apple, providing the industry with better mobile solutions to engage consumers. Retention…

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Insurance agent loses license after alleged DNA fraud

Julie Campbell
DNA genetic insurance agent

The former employee of Mukilteo State Farm following a number of different ethical violations. A former insurance agent named Jaime Sue Joyner, previously of Mukilteo State Farm, has now had her license revoked by Washington state after investigators discovered that she had been involved in a number of activities that are not permitted. Joyner was allegedly involved in a number of different ethical violations while she was on the job. Among the ethical violations of which she has been accused was submitting a sample of her own DNA in place…

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High praise for mobile capabilities added to the FirstBest Front Office Suite for insurance carriers

Nordstrom

Insurance software solutions provider, FirstBest Systems, Inc., which provides products for the MGAs and MGUs specialty and commercial-lines insurance carriers, has revealed the latest additions to its Front Office Suite of insurance applications, which will now include mobile commerce capabilities. This new functionality will permit the insurance workforce to take advantage of a wider range of solutions for underwriting and collaborative business challenges using mobile devices that are increasingly becoming standard in the industry. The mobile capability is entirely integrated with the agent portal applications and underwriting workstations through FirstBest,…

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