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The Digital Insurer
14 minutes | Dec 2, 2015
DISRUPT Event Insights
Guy Weismantel and Anthony Gomes discuss Vertafore's recent DISRUPT conference, what went into the day of the event (it was our first online event), and what was learned by everyone. The insurance industry is changing and the conference went deep into disrupting forces at work and shared insights as to how you can best position yourself for success moving forward. Most viewed videos are discussed so be to check out what you may have missed on the day of the event. The Digital Insurer is the official blog of Vertafore, a technology company that delivers software and services that transform the business of insurance. Unique to the industry, more than 20,000 customers rely on Vertafore to provide integrated technology that connects the entire industry with the most complete source of solutions—agency management, rating and connectivity, content management and workflow, information solutions and producer lifecycle management—so their businesses run better and are more profitable.
7 minutes | Nov 5, 2015
Should Fitness Trackers Affect Your Premiums?
As you can likely attest either through personal experience or by looking at the person’s wrist next to you, pedometers, heart rate monitors and other fitness trackers are nothing new, but in recent years they've been integrated into multifunction technology devices. More and more we’re seeing this as an opportunity for health insurers to attract customers while cutting the risks and costs of covering medical expenses. Just as most insurers offer premium discounts for customers who give up smoking, and some even offer deals for those who join a gym, there could be a market for those who perform a certain amount of exercise. Calculating how much fitness activity makes a real difference, whether the health benefits of increased fitness activity will stick, as well as the security risk of patients tampering with equipment or hacking data to give false readings are all important questions to ask. But make no mistake—the trend is clear and more and more, younger people will be willing to trade their data for a discount. The key will be to see which insurer is able to latch onto this trend and attract these new customers.
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