Last year, a ticket for using a mobile phone while driving added $226 to the average insurance policy, an increase of 16%, according to a new analysis from The Zebra, a Texas-based startup that helps consumers weigh insurance rates.
Digital insurance initiatives and innovation are essential for P&C carriers in an increasingly commoditized marketplace that's prone to quick customer churn.
Insurers and agents may need to step in and educate their insureds as manufacturers continue to add more computerized driver assist features to vehicles.
The insurer data produced by smart homes supports tailored underwriting and pricing, more accurate underwriting, faster claims response, and more effective customer engagement to reduce risk.
A new report from CCC Information Services examines the impact of technology, driving habits and driver expectations on insurers and repair facilities.
This will be the year when the insurance industry starts to fully realize the benefits of AI, and consumers begin to see its impact. Is your company ready?