Live Insurance News

Telematics could have a major impact on the auto insurance sector

July 3, 2014July 3, 2014 Logan B.

Automakers are beginning to embrace new technology aggressively Juniper Research, a prominent market research organization, has released a new report concerning the growing popularity of telematics in the transportation sector. Telematics is a branch of technology that is meant to keep track of a person’s driving habits and vehicle information. This technology has become particularly popular in the auto insurance sector, where insurance companies are offering new services designed to promote safe driving and provide consumers discounts for practicing safe behavior. Use of in-vehicle applications is expected to skyrocket in…

Cyber insurance could be lacking for banks when it comes to protection

June 11, 2014June 9, 2014 S.Vagus

Banks may not benefit from cyber liability insurance as much as they may believe Recent cyber attacks have highlighted the dangers that exist in the digital world. These dangers are still not fully understood, due to the fact that many businesses have only very recently begun the process of “digitizing” themselves. Banks are among those that have only recently begun to grow more digital, and this means that cyber insurance is beginning to attract more attention from these financial service organizations. The problem is, however, that insurance may not be…

New insurance technology solution introduced by Standish

May 30, 2014May 27, 2014 S.Vagus

Standish releases bundled solution for the insurance industry Standish Mellon Asset Management Company, the fixed income investment arm of BNY Mellon, has launched a new collection of solutions for insurance companies operating in the U.S. The collection includes asset management, global custody, accounting, and reporting solutions. Much of the insurance industry has been undergoing a shift to become more reliant on technology. As risks in various markets begin to evolve, technology is becoming a powerful tool in mitigating these risks and the exposure that the insurance industry faces. New solution…

Telematics begins to have a major impact on auto insurance sector

May 23, 2014May 20, 2014 S.Vagus

Reed prepares to close deal on Wunelli Reed Elsevier, a leading information technology company, is preparing to finalize the acquisition of Wunelli, a developer of telematics solutions for the auto insurance sector. Telematics is becoming very popular in the insurance industry because of how it can be used by insurers to price policies more accurately. Demand for this technology has been growing steadily over the past few years and has reached an all-time high as insurance companies continue to look for ways to mitigate losses while also providing high-quality services…

Insurance technology is taking a step toward becoming more personable

March 26, 2014March 24, 2014 S.Vagus

Insurers are beginning to focus on the world of mobile applications Insurance companies are beginning to look to technology in order to help them connect with consumers. While many insurers have turned to social media in order to increase their engagement, having a presence on sites like Twitter and Facebook is no longer considered adequate. As such, many companies have begun to develop and release their own mobile applications in order to appeal more effectively to consumers that are becoming heavily reliant on smartphones and tablets. Apps may be able…

Bitcoin insurance may provided much needed security to holders of digital currency

March 7, 2014March 4, 2014 S.Vagus

Insurance coverage for Bitcoin is gaining more attention Despite its volatility, Bitcoin continues to grow as an attractive currency for those that are becoming more involved in the digital world. As the digital currency gains more momentum, the need to provide it with some form of security becoming greater. Bitcoin insurance is beginning to gain popularity among firms that deal in the digital currency. The benefits of insurance protection have recently been highlighted due to the shutdown of two major Bitcoin firms due to hacking and other problems. Firm launches…

Bitcoin insurance is now available

January 15, 2014January 13, 2014 S.Vagus

Insurance coverage for digital currency comes to the UK Digital currency has been making slow progress with consumers and businesses alike for several years. The idea of digital currency is quite attractive, especially as mobile technology becomes more important in daily life. The idea, however, is also problematic in that digital currency is susceptible to a wide range of problems as well as being very attractive to hackers. Bitcoin could be considered the premier digital currency and its history has been marked by volatility, theft, and exploitation. Now, however, Bitcoin…