Vehicle insurance

Responsive Auto Insurance Successfully Implements the One Inc Digital Payments Platform

Retrieved on:

Wednesday, April 21, 2021

b'FOLSOM, Calif., April 21, 2021 (GLOBE NEWSWIRE) -- One Inc , a digital payments platform provider for insurance companies and managing general agencies (MGAs), is pleased to announce Responsive Auto Insurance Company (Responsive Auto) has successfully implemented the One Inc Digital Payments Platform.\nHeadquartered in Plantation, Florida, Responsive Auto provides highly rated, affordable personal auto coverage to South Florida residents through a simple, straightforward purchasing experience.

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b'FOLSOM, Calif., April 21, 2021 (GLOBE NEWSWIRE) -- One Inc , a digital payments platform provider for insurance companies and managing general agencies (MGAs), is pleased to announce Responsive Auto Insurance Company (Responsive Auto) has successfully implemented the One Inc Digital Payments Platform.\nHeadquartered in Plantation, Florida, Responsive Auto provides highly rated, affordable personal auto coverage to South Florida residents through a simple, straightforward purchasing experience.
Responsive Auto sought to expand payment options, optimize the customer experience, and further streamline and modernize the insurance purchasing process \xe2\x80\x93 for both customers and internal staff \xe2\x80\x93 by implementing a new digital payments solution.\n\xe2\x80\x9cOur customers are our top priority, and we strive to do everything possible to make the insurance experience as efficient and easy as possible,\xe2\x80\x9d said Tim Nee, COO of Responsive Auto.
\xe2\x80\x9cBy expanding payment options and enhancing digital engagement opportunities, policyholders get to choose how they are most comfortable communicating their needs.
The comprehensive end-to-end digital payments platform provides expanded payment options, multi-channel digital communications, and rapid digital claim payment, even for the most complex insurance use cases.\xc2\xa0\xc2\xa0As one of the fastest growing digital payments platforms in the insurance industry, One Inc manages billions of dollars per year in premiums and claims payments.

Insurify Partners with Toyota Insurance Management Solutions to Revolutionize Insurance Shopping for Toyota Consumers

Retrieved on:

Thursday, April 22, 2021

Professional services, Automotive, Automotive Manufacturing, General Automotive, Manufacturing, Insurance, Finance, Types of insurance, Vehicle insurance, Insurify, Sumitomo Group, Service companies, Service industries, Insurify, Toyota Insurance Management Solutions, INSURIFY, TOYOTA INSURANCE MANAGEMENT SOLUTIONS

b'Insurify , a leading AI-powered insurance comparison website, is partnering with Toyota Insurance Management Solutions (TIMS) to power its insurance platform with Insurify\xe2\x80\x99s industry-leading online insurance shopping technology.

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b'Insurify , a leading AI-powered insurance comparison website, is partnering with Toyota Insurance Management Solutions (TIMS) to power its insurance platform with Insurify\xe2\x80\x99s industry-leading online insurance shopping technology.
View the full release here: https://www.businesswire.com/news/home/20210422005275/en/\nInsurify will now power Toyota Insurance Management Solutions (TIMS) insurance platform with its industry-leading online insurance shopping technology.
Power\xe2\x80\x99s 2020 U.S. Insurance Shopping Study, 90 percent of consumers are open to online auto insurance purchases, but the online purchase experience can still be time-consuming and clunky.
Together they are a joint venture between Aioi Nissay Dowa Insurance Services, USA, Toyota Financial Services International Corp., and Toyota Connected, USA\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210422005275/en/\n'

Church Mutual Offers Resources to Prepare for Armed Intruders

Retrieved on:

Thursday, April 22, 2021

Professional services, Insurance, Religion, Consumer, Types of insurance, Insurance, Mutual, Liability insurance, Vehicle insurance

The PULL FOR POLICE\xe2\x84\xa2 device is about the size of a USB drive and connects to a Church Mutual customer\xe2\x80\x99s sensor kit via radio signal.

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The PULL FOR POLICE\xe2\x84\xa2 device is about the size of a USB drive and connects to a Church Mutual customer\xe2\x80\x99s sensor kit via radio signal.
Church Mutual markets most lines of commercial property and liability insurance, including multi-peril, workers' compensation and commercial auto insurance.
In addition to insurance, Church Mutual provides a spectrum of value-added solutions that benefit its customers.
Church Mutual holds the following honors:\nWisconsin 75 Top Private Company by Deloitte US, 2016, 2017, 2018, 2019 and 2020\n1Church Mutual is a stock insurer whose policyholders are members of the parent mutual holding company formed on 1/1/20.

New Insuranks Study Finds Tesla Model S & Roadster Are the Cheapest Tesla Models to Insure

Retrieved on:

Wednesday, April 21, 2021

Cars, Car classifications, Motor vehicles, Types of insurance, Insurance, Tesla Model S, Tesla Roadster, Nikola Tesla, Vehicle insurance, Liability insurance, Tesla, Inc., Tesla Autopilot

b"PALO ALTO, Calif., April 21, 2021 /PRNewswire/ --A new Tesla insurance cost study that was recently published as part of a broaded average carinsurance cost and auto insurance quotes study, has found the Tesla Model S and Tesla Roadster to be the cheapest Tesla models to insure in 2021.\nThe extensive study, which was released in April 2021 along with some Lamborghini insurance cost insights, has found that the average insurance costs ofTesla model S is $1,832 a year, which can get down to $1,092 a year with USAA, while Tesla Roadster averages $1,800 annually.\nThis is not too far from the national average full coverage insurance cost of $1,732 a year or $144 per month, based on the research.

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b"PALO ALTO, Calif., April 21, 2021 /PRNewswire/ --A new Tesla insurance cost study that was recently published as part of a broaded average carinsurance cost and auto insurance quotes study, has found the Tesla Model S and Tesla Roadster to be the cheapest Tesla models to insure in 2021.\nThe extensive study, which was released in April 2021 along with some Lamborghini insurance cost insights, has found that the average insurance costs ofTesla model S is $1,832 a year, which can get down to $1,092 a year with USAA, while Tesla Roadster averages $1,800 annually.\nThis is not too far from the national average full coverage insurance cost of $1,732 a year or $144 per month, based on the research.
It is, however, more than the general national average of $1,348 per year, or $113 per month - and much more than the national minimum liability car insurance cost average of $550 per year or $46 per month for only bodily injury liability coverage and property damage liability insurance coverage, as well as a lot less than the national average of $482 a year or $40 a month for nonowner car insurance policies across the United States of America.\nThe study also discusses Tesla's auto insurance, how to purchase it, how it works, where it is available and provides tips on how to reduce the cost of Tesla insurance.\nAmong the other vehicles that have been covered so far, you can find a BMW insurance cost study , Honda Civic insurance cost study,and many more.
More vehicle insurance rate findingsare expected to be covered and released throughout the year for the benefit of the community.\nInsurankswhich was founded back in 2019, is focusing on raising consumer awareness to help them make better and much more informed insurance decisions while saving money on their coverage expenses.\n"

Cambridge Mobile Telematics Partners with CROC to Provide Connected Insurance Solutions to the Russian Market

Retrieved on:

Tuesday, April 20, 2021

They can generate flexible and individual compulsory MTPL pricing without having to install any devices in the car.

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They can generate flexible and individual compulsory MTPL pricing without having to install any devices in the car.
"At the same time the very attractive price of mobile telematics facilitates its implementation both for CASCO and compulsory MTPL.
Our clients are already actively using our mobile application, and mobile telematics is the next step in the evolution of the insurance business \xe2\x80\x93 as its implementation helps to decrease the number of accidents and optimizes motor insurance.
Since its first product launch in 2012 that pioneered mobile usage-based insurance, CMT has become the world\xe2\x80\x99s leading telematics and analytics provider for insurers, rideshares, and fleets.

The National Insurance Crime Bureau Announces Inaugural Podcast, The NICB Crime Examiner

Retrieved on:

Wednesday, April 21, 2021

Insurance, Types of insurance, Insurance fraud, Insurance in the United States, Law enforcement in the United States, National Insurance Crime Bureau, General insurance, Vehicle insurance

b'DES PLAINES, Ill., April 21, 2021 /PRNewswire/ -- The National Insurance Crime Bureau (NICB), the insurance industry\'s association dedicated to predicting, preventing, and prosecuting insurance crime,is pleased to announce its inaugural podcast,The NICB Crime Examiner.\nExperience the interactive Multichannel News Release here: https://www.multivu.com/players/English/84295511-national-insurance-crim...\n"With nearly 30 years of law enforcement background, I know that one of the best ways to keep from becoming a victim of crime is to be aware of how crimes are committed.

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b'DES PLAINES, Ill., April 21, 2021 /PRNewswire/ -- The National Insurance Crime Bureau (NICB), the insurance industry\'s association dedicated to predicting, preventing, and prosecuting insurance crime,is pleased to announce its inaugural podcast,The NICB Crime Examiner.\nExperience the interactive Multichannel News Release here: https://www.multivu.com/players/English/84295511-national-insurance-crim...\n"With nearly 30 years of law enforcement background, I know that one of the best ways to keep from becoming a victim of crime is to be aware of how crimes are committed.
The NICB is supported by more than 1,200 property and casualty insurance companies, rental car agencies, auto auctions, and self-insured entities.
NICB member companies wrote more than $526 billion in insurance premiums in 2019, or more than 82% of the nation\'s property-casualty insurance.
That includes more than 95% ($241 billion) of the nation\'s personal auto insurance.

Next Insurance Announces Tailored Commercial Property Coverage for Small Business Owners, Completing Final Step Toward a One-Stop-Shop

Retrieved on:

Tuesday, April 20, 2021

Types of insurance, Insurance, Draft:Next Insurance, Vehicle insurance

The availability of commercial property is the final step necessary to provide full comprehensive coverage via the Next Insurance platform.

Key Points:

The availability of commercial property is the final step necessary to provide full comprehensive coverage via the Next Insurance platform.
Bolstering its already existing tools and equipment offering, Next Insurance\'s full suite of property coverage now includes business personal property (BPP), business income insurance and building insurance and equipment breakdown coverage.
"The addition of commercial property policies rounds out our full suite of coverage and achieves our goal of becoming a one-stop-shop for small business insurance.
For more details visit Next Insurance\'s commercial insurance page and get an instant quote online today.\nNext Insurance is transforming small business insurance with simple, digital and affordable coverage tailored to the self-employed.

New U.S. Telematics Scoring Model Achieves 79% Lift Above Standard Rating Factors, Testing Available via LexisNexis Telematics OnDemand

Retrieved on:

Thursday, April 15, 2021

Articles, Vehicle insurance, Technology, Science and technology, Automotive electronics, Global Positioning System, Information technology management, Telematics, Usage-based insurance, LexisNexis, Analytics, Insurance

This new scoring model will be available for testing through LexisNexis Telematics OnDemand and is designed to flow seamlessly into insurers\' existing auto insurance ratings programs to help improve segmentation, pricing risk and profitability.\nTelematics OnDemand will be the first LexisNexis Telematics Exchange product to offer scores using the new Drive Metrics telematics scoring model which leverages analytics applied to driving behavior data.

Key Points:

This new scoring model will be available for testing through LexisNexis Telematics OnDemand and is designed to flow seamlessly into insurers\' existing auto insurance ratings programs to help improve segmentation, pricing risk and profitability.\nTelematics OnDemand will be the first LexisNexis Telematics Exchange product to offer scores using the new Drive Metrics telematics scoring model which leverages analytics applied to driving behavior data.
The resulting scores can help carriers deliver a more accurate risk assessment of driving behavior data, both at point of quote and renewal.
In a LexisNexis Usage-Based Insurance (UBI) study, 88% of drivers indicated they prefer auto insurance pricing based on their actual driving habits.
We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government.

Insights on the Telematics Insurance Global Market to 2025 - Prevention of False Insurance Claims is Driving Growth

Retrieved on:

Tuesday, April 13, 2021

Vehicle insurance, Automotive electronics, Global Positioning System, Technology, Information technology management, Telematics, Science and technology, Articles, Usage-based insurance, Market segmentation, Insurance

The telematics insurance market report is a compilation of different segments, including market breakdown by type, application, region, and country.\nThe telematics insurance market, based on type, is segmented into pay as you drive and pay how you drive segments.

Key Points:

The telematics insurance market report is a compilation of different segments, including market breakdown by type, application, region, and country.\nThe telematics insurance market, based on type, is segmented into pay as you drive and pay how you drive segments.
The pay as you drive segment is expected to maintain its dominance during the forecast period in the telematics insurance market.\nThe telematics insurance market, based on distribution channel, has been segmented into OEM and aftermarket.
The aftermarket segment is expected to maintain its dominance during the forecast period in the telematics insurance market.\nThe telematics insurance market, based on device type, has been segmented into smartphone, onboard device, blackbox, and OEM embedded.
The smartphone segment is expected to maintain its dominance during the forecast period in the telematics insurance market.\nThe telematics insurance market, by application, has been segmented into passenger and commercial segments.

Insurance Analytics Market worth $20.6 billion by 2026 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Monday, April 12, 2021

Types of insurance, Insurance, Types, Finance, Health insurance, Allianz, Vehicle insurance, Life insurance, Life insurance in India, Insurance regulatory law

b'Insurance companies are the end-user companies that provide various types of insurance, such as consumer insurance (including life and health insurance, and vehicle/auto insurance) and commercial insurance (employee insurance and asset insurance for manufacturing companies).

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b'Insurance companies are the end-user companies that provide various types of insurance, such as consumer insurance (including life and health insurance, and vehicle/auto insurance) and commercial insurance (employee insurance and asset insurance for manufacturing companies).
Insurance companies are now widely adopting various technology solutions, including analytics, for their internal and customer-facing services.
Increasing service demand coupled with critical end-of-year fiscal reporting forces these organizations to adopt advanced technological solutions, leading to a larger market size during the forecast period.
Bajaj Allianz Life Insurance, a Pune, India-based life insurance provider, is among the leading insurers in India who are using predictive analytics across their insurance operations.