Key Takeaways: Drivers with a texting or distracted driving violation are penalized by insurance companies with an average increase of 27% in annual premiums. Teens are especially susceptible to texting and driving which can have long-term consequences if there is an accident or someone is injured. Texting while driving is illegal in most states and […]

Key Takeaways: In addition to standard business insurance coverage, auto-related businesses may need Garage Liability and Garagekeeper Liability to be fully protected, especially when customers leave their vehicles in the business’s care. Garage Liability and Garagekeeper Liability Insurance cover two different aspects of business insurance coverage, with one protecting the business and the other protecting […]

Autumn is here, and that means it’s time for pumpkins, apple cider, and the ACA annual open enrollment period. If you need to change your ACA health coverage — sometimes called “Obamacare” — this is the time to do it. You may add or remove dependents, change details, like your income or marriage status, buy […]

The insurance industry is experiencing a growing talent shortage. While this challenge has been anticipated, much of the discussion on solutions is often generalized to the entire workforce. But not every job will be impacted in the same way. As insurers grow, some functions will need more support, while others will be better primed to […]

As technology closes the gap between the real and the virtual, it has become more important than ever for carriers to consider how customer needs – and their ability to meet them – are going to evolve. In our recent Accenture Insurance Technology Vision 2022 we outline how the metaverse continuum will impact the industry […]

While product design—including technology and architecture capabilities—is foundational for carriers to play in the embedded insurance space, strategically leveraging the agent will exponentially increase the likelihood of an embedded product’s success. We believe agents could play a major role in embedded insurance distribution, driving sales and capturing opportunities to cross-sell and upsell. In our last […]

Blackcomb Consultants is now part of Accenture I am excited to welcome Blackcomb Consultants, a leading independent Guidewire partner in North America, into the Accenture family. Why Blackcomb Consultants? Amid market disruption and heightened consumer expectations, insurers are turning to platforms such as Guidewire to drive strategic digital and business transformation. Accenture and Blackcomb Consultants […]

The metaverse is a concept making headlines across the globe, with its application being imagined across all industries. However, until recently, the practical manifestation and future impact of the metaverse was unknown. The newly-released Insurance Tech Vision for 2022 not only defines the metaverse, but contains valuable, timely insights for insurers on how the metaverse […]

What role will insurance play in the future? How can insurers work with customers and parallel industries to create tangible value and make a positive impact on our planet? These are some of the questions answered in the Qorus-Accenture Innovation in Insurance Trends Report, which is out now.  I believe that this year’s trends show […]

As insurers look to the next horizon of expansion with an inclusive and diverse approach, there are a number of opportunities influencing scale potential including acquisitions, capital investments, the metaverse and the emergence of insurtech 2.0. In this month’s Insurance News Analysis, Joanne Laffan and I discuss how a pre-scale insurer like Lemonade is planning […]