Insurers are expected to deliver frictionless services from anywhere, at any time. To reach this goal, insurers must approach their digital transformation through the lens of customer experience. By harnessing new customer journey standards to meet consumer expectations, digitization can completely reinvent the insurance processes – shifting the focus to automated, streamlined and consumer-focused processes.

Tips and advice for young drivers getting insurance for the first time. Adding a child onto your policy is not cheap. This advise will help.

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Please consult your agent before making any changes you feel you are not knowledgeable with. Due that the laws being different in each state, I am not responsible for any changes or updates that may have occurred after the making of this video.

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Digital technology advancement has become a strategic priority for every business to meet the growing consumer expectations and the pace of digital transformation. Following the trend, global insurance companies are also using technology for their business purposes. Business owners are employing these tools to improve the essential nature of workers’ compensation coverage, auto insurance coverage, general liability insurance coverage, and coverages for other business-related insurances. With new innovations, new technologies are gaining entry into space. Let’s see what will be the top technology trends for the insurance industry in 2020

Amazon & Netflix are changing consumer expectations of how they want to interact with “lame” industries like insurance. New business models like a sharing economy (Airbnb and Uber) and social brokers are emerging in insurance. Disruptors in the market called “Insurtech” innovators are capitalizing upon these opportunities. The insurance industry of tomorrow, will be incredibly different from what we see today. Unlike today, it will be a technology savvy, youthful and cool market to work in. Millennials will be a big part of that change. Laura is VP of Business Innovation for Guidewire Software. She keeps her finger on the pulse of insurance industry disruption to coach carriers on how they can innovate their business and achieve a competitive advantage. She brings innovative ideas from the field into Guidewire products; there are now five InsuranceSuite features that represent her development initiatives. Before joining Guidewire 11 years ago, Laura worked as a consultant for Deloitte and Accenture, but started her career in the insurance industry working at State Farm Insurance. She has an MBA from the University of Toronto. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx