https://www.123articleonline.com/rss/author/306426/harold-leitnerArticles written by Harold Leitner from 123ArticleOnline.comen-usCopyright (c) 123ArticleOnline.com All rights reserved. https://www.123articleonline.com/articles/1232543/can-mobile-app-notifications-replace-cancellation-notices P&C insurers are required to notify policyholders when their policies are cancelled for any reason. If they do not, and a former policyholder's claim is rejected, they can be sued for damages well in excess of the claim. https://www.123articleonline.com/articles/1302438/connected-car-telematics-and-ubi It has been fascinating to watch the development of telematics for driver safety over the past 15 years. We have gone from telematics hardware costing thousands of dollars to being virtually hardware free with smartphone and connected vehicle telematics. https://www.123articleonline.com/articles/1303175/connected-car-telematics-and-ubi-continued Connected cars are disrupting auto insurance by providing very detailed vehicle usage and driver behavior data. https://www.123articleonline.com/articles/1232545/impact-of-mobile-telematics-in-personal-auto-value-chain Usage Based Insurance (UBI) continues to gain momentum in Personal Auto, with many leading insurers offering straightforward safe driving discounts, to more sophisticated pay-per-mile (PPM), pay-as-you-drive (PAYD) and pay-how-you-drive (PHYD) products. https://www.123articleonline.com/articles/1290528/policyholders-should-love-your-insurance-mobile-app Policyholders Should Love Your Insurance Mobile App When I talk to insurance carriers, I often hear the following, 'We have a mobile app and adoption is disappointing https://www.123articleonline.com/articles/1293021/policyholders-should-love-your-insurance-mobile-app-continued Many insurers give their policyholders very simple mobile apps that only provide policy services like premium payments and ID card downloads. https://www.123articleonline.com/articles/1309252/smartphone-telematics-is-more-than-ubi No one can deny that telematics derived driver behavior data is one of the best predictors of at-fault accidents. It is also true that driver behavior driven usage-based insurance (UBI) is helping safe drivers reduce their premiums. https://www.123articleonline.com/articles/1310633/smartphone-telematics-is-more-than-ubi-contd Many insurers are reluctant to offer smartphone telematics because they think it is only good for usage-based-insurance (UBI). This is not true. Smartphone telematics immediately helps insurers take action to reduce risk and better engage with policyholders. https://www.123articleonline.com/articles/1232546/taking-fleet-safety-to-the-next-level-with-mobile-telematics When was the last time you thought getting behind the wheel was a walk in the park! Nowadays it is definitely not, given the ever-increasing traffic, deteriorating road conditions, invasive weather, and growing problem of aggressive drivers who do not follow the driving etiquette and/or ignore the law. https://www.123articleonline.com/articles/1288348/technology-is-enabling-collaborative-risk-management For traditional insurers, once a policy is bound it is 'wait and see' if there is a claim. There is little to no connection or collaboration with policyholders to reduce the frequency or severity of claims. https://www.123articleonline.com/articles/1237085/think-rewards-not-discounts Fear and money are significant motivators to influence behavioral change and works better than simply advise and education. https://www.123articleonline.com/articles/1232547/this-simple-step-can-truly-change-the-game Digital transformation is revolutionizing the insurance industry, which is quickly catching up with the financial services and banking industry in establishing a digital connection with their customers. By embracing mobile technology solutions. https://www.123articleonline.com/articles/1232544/transforming-field-operations-with-smartphone-technology In the current pandemic, many organizations have struggled to carrying out work that requires their field staff to physically visit prospects, customers and/or work sites to conduct business. The situation has forced the field workforce to work remotely, and do the best they can to fulfil the responsibilities of their job. https://www.123articleonline.com/articles/1232548/ubi-is-gaining-momentum-with-wider-acceptance-of-telematics-data About a decade ago, a handful of traditional insurance companies began to innovate and offer usage-based insurance (UBI) programs in the U.S. These programs offered mileage-linked discounts by utilizing a combination of GPS technology and cellular systems that tracked miles driven.