Rhode Island is taking a significant step towards enhancing cybersecurity in the insurance sector with a new data privacy law set to take effect on January 1, 2025. This landmark legislation requires insurers to establish and maintain a comprehensive written information security program, which must
In recent years, the notion of trading personal health and activity data for life insurance discounts has found increasing favor among Americans. This trend underscores a significant shift in consumer attitudes towards data sharing, influenced by technological advancements and the ubiquity of
Founded in 2019 by Fred Blumer, Mile Auto offers a unique approach to auto insurance within the insurtech industry. Unlike traditional telematics-based models that use high-tech tracking devices, Mile Auto operates on a simple and privacy-centric method where policyholders provide pictures of their
The collaboration between the Guardian Life Insurance Company of America and Pelago signifies a new era in insurance services aimed at promoting a tobacco-free lifestyle for employees. This partnership brings together Guardian's established reputation in insurance and Pelago's innovative digital
The insurance sector is venturing into a transformative era, where customer experience (CX) has become the cornerstone of competitiveness and corporate identity. Amidst a sea of similar products and services, insurers realize that a superior CX can set them apart in a saturated market. With the
The intersection of wearable fitness technology and the life insurance sector marks a significant shift in how wellness programs are being integrated into insurance offerings. These smart devices, which monitor a range of health metrics from heart rate to sleep patterns, are providing insurers with
