Apart from the healthcare industry, one of the core sectors that have amplified their importance during the harsh times brought upon by the COVID-19 pandemic is the insurance sector. It has proven itself as a core player in the development and resilience of the economy throughout the US.
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Insurance fraud is one of the leading causes of financial instability and stress for families all over the United States. According to the FBI, insurance scams end up costing somewhere between $400 to $700 per annum to the average American family on insurance premiums.
In 2016, there were more than 1,800 fraudulent insurance claims which put strain on insurance fraud investigators’ already strenuous job. According to a report by the State of Insurance Fraud Technology, this figure increased exponentially from 2016 to 2018.
The entry of insurance technology in the insurance value chain has come with a lot of benefits for all stakeholders involved. For insurance companies, embracing insurtech is the right way to satisfy the expectations of their clients. If you haven’t integrated digital tools in your business, here’s your time to do so. In this article, we’ll have a quick look at the things that you must consider when choosing insurtech technology for your business.
In the current digital age, having an online presence is crucial to all organizations. The advent of insurtech in the insurance industry has helped many organizations scale their operations and grow their customer base. Therefore, insurance digital marketing is a great way to take your business to the next level.
Insurance can be a complicated purchase. Clients are buying a promise of protection that could potentially make or break their financial well-being which can be stressful. How do they know that you’re the right choice as their agent? Are they getting the best value for their money?
Here are three reasons you can tell your clients why they should buy from YOU, their trusted long term advisor!
The internet is almost infinite and is full of private information. This makes your information available to you quickly, but it can also make it easy for others to access. This is why it is important for your information to be kept safe through encryption.
Have you started your estate planning? Whether or not you’ve already started, you’ve probably wondered about your document safety. When starting the estate planning process, most people wonder whether or not their documents will stay safely away from those who shouldn’t have that information. How can you be sure? With Legacy Armour, it’s easy. In fact, you can have total peace of mind over your estate planning documents for the rest of your life.
Life insurance packages can give you and your family a layer of protection that can put your mind at ease. When you combine your life insurance with the security of Legacy Armour, you have everything that you need to secure your plans for your family’s future. With Legacy Armour, you can store your life insurance information in encrypted digital vaults. A plan with Legacy Armour fits perfectly into any life insurance packages. Read on to find out why.
Digital assets are digital property that we own or have the right to use. These intangible assets are not always easy to recognize. Things like purchased MP3 files or digital video recording are easy to determine as digital assets. However, the term also includes virtual information like your usernames, passwords, and credit card numbers. These types of digital assets are especially valuable because they are related to your financial records and personal information. That’s why different types of digital assets benefit from the protection offered by a life monitoring platform.