Why insurance companies need to be “technovative”

The newest and growing population today are the millennials, and they don’t know much about insurance and its importance. Recent purchasing patterns for insurance by millennials reflect that fact. Only 64% of millennials have car insurance, 10% have homeowners insurance and 13% have renters insurance, according to a survey conducted by the Princeton Survey Research [...]

Telematics…another #GameChanger for the Insurance Industry

Electric Insurance Company has partnered with Cambridge Mobile Telematics (CMT), a global technology provider using advanced mobile sensing, data analytics and behavioral science, to develop and launch a telematics insurance program. Telematics is a combination of the words telecommunications and informatics. Telematics, in a broad sense, is any integrated use of telecommunications with information and [...]

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