Credit Karma’s Post

🤝 Ever since Zendrive and MoneyLion announced their partnership, MoneyLion has been giving their users a chance to save on a big expense: auto insurance. They're leveraging Zendrive’s IQL solution to power their growing Driver Score program. 🗯 "As a majority of Americans own a car, we wanted to help them save money on a big expense. That’s where Zendrive’s IQL program to use telematics to save them money on auto insurance made sense," says Ali Jabini, VP of Product at MoneyLion. We spoke with Jabini to understand the initial objectives, challenges, and outcomes of this impactful partnership. In our latest Q&A, learn how MoneyLion aims to make the Driver Score a daily destination for users, fostering a brighter financial future. 🔮 👉 Read more: https://lnkd.in/eAPiT3gg #DriverScore #FinancialEmpowerment #AutoInsurance #MoneyLion #Zendrive #IQL

NEWS RELEASE: Announcing Revol One Financial Revol One Financial™ Poised to Revolutionize the Fixed Annuity Insurance Industry Revol One Financial is poised to disrupt the fixed annuity insurance industry as it prepares to launch in Q2, 2024 with a strategic emphasis on cultivating personalized strategic distribution relationships, speed to market, innovative product development, and a Revol One Customer Care team dedicated to enhancing the distribution and customer experience. Set to redefine industry norms, Revol One Financial intentionally built a streamlined, speed-driven technology platform to adeptly navigate and solve the industry’s pain points. ➡ Read the full Press Release at RevolOneFinancial.com.

"It's going up by how much?" Over a month before the renewal, I had the all too common conversation with a client. Their Auto renewal was going up over 75%. And despite our best efforts, there wasn't a carrier we could find who would handle the renewal for less. It was the perfect storm. The insurance market is a mess, there's been an uptick in claims, and we have drivers who are difficult to insure. The client found a quote from a direct to consumer insurance provider for only a few thousand more than expiring. We couldn't broker it, and we couldn't compete. The client was apologetic, but they had no choice but to make a change. But for us, the conversation was easy. An essentially flat renewal? In this market? We reviewed the quote, made some suggestions, and encouraged them to take it. We're building long-term relationships. Sometimes that means sacrificing a policy for a year or two until circumstances change. Clients remember being put first.

Navigating the aftershocks of NEONET's situation requires clarity, particularly for consumers who recently made purchases and are now questioning the validity of their warranties and insurance. Fear not, as we dissect the assurances encompassing your products. Confidence in the material warranty remains intact - this assurance, inherently a manufacturer's provision, can be directly claimed without retailer intermediation. Simply possess your proof of purchase during the warranted period for legitimacy. Delving into extended warranties and equipment insurance services, it's vital to recognize that while NEONET offered them at the point of sale, their execution rests with Warta Insurance and Restructuring Company S.A. Therefore, NEONET’s commercial tribulations bear no consequence on these insurance policies. A discerning inquiry prompted feedback from TUiR Warta S.A., assuring these extensions remain untarnished by retailer predicaments. But what of the statutory warranty, inherently linked to the seller? NEONET's restructuring efforts, aimed at staving off bankruptcy, signify a commitment to uphold all legal obligations to their customers – a pledge reinforced by the company's public statement. Legal assurance for your NEONET purchases stands unwavering amid their restructuring. For further analysis and expert insights, access the full breakdown at [https://lnkd.in/dcDcQcuG). Stay informed and secure with ANDROID.COM.PL - a community of technology enthusiasts.

Auto insurance rates aren't finished rising yet, but there's a light at the end of the tunnel. Jerry's VP of Insurance Operations Joshua Damico shared his predictions with Money: 💡 By mid-2024 most insurance companies should have proper pricing in place and premium costs will level off. 💡 As inflation declines and insurers see rate increase approvals start to earn in, loss ratios will decline. That's when we’ll begin entering a period of improved price stability for consumers. To read more about what auto insurance experts predict for the year ahead continue reading: https://lnkd.in/dUaq5iDd. And to save on your auto insurance today, download the Jerry app. #insuranceindustry #autoinsurance #2024

Happy Father’s Day to all the amazing dads and father figures out there! This weekend was special as I cherished the time with my family and hope you were able to do the same. As usual the insurance news cycle featured lots of developments. In this week’s post, we delve into three key learnings from the past week as we normally do about this time in our '3 Things We Learned' 1️⃣ Synergies and Strategic Partnerships 🤝 Indico Data has secured funding from Guidewire Software, hyperexponential and Send have partnered to create a comprehensive pricing ecosystem. Another significant collaboration is between Vouch Insurance and Carta simplifying insurance for startups through seamless integration. 2️⃣ Property Management and Real-Time Data 🏡📊 Fixle Inc. has acquired EasyHome, Inc. expanding their home management solutions. Intuit made headlines by acquiring technology from Zendrive to bolster Credit Karma's auto insurance offerings. DOXA has acquired CPH Insurance strengthening their professional liability products. Mutual Capital is set to acquire ICC Holdings, Inc solidifying their market position. 3️⃣ Executive Moves and Strategic Alternatives 👥🔄 Hiscox USA has named a new CEO of its USA business unit, and Oxbridge Re Holdings Limited is exploring strategic alternatives, including a potential sale of its Web-3 division. AIG has achieved deconsolidation of its life and retirement unit. Join us as we explore these headlines and stay tuned for more insights on the unfolding narrative of our industry! Stay productive, stay safe, and stay informed! 🚀 Read the full blog post here https://hubs.li/Q02C2LRZ0

There's no doubt that insurance rates have gone crazy! Auto Industry Combined Ratios are still over 100%. "We need Telematics to help lower rates" is what I see over and over. I disagree! Don't get me wrong...telematics can help lower rates for sure. But this is what no one is talking about: Credit based insurance score factors outweigh telematics factors by 10x for many insurance companies. Sure, you might get a 25%, 30%, or even 40% discount if you have the best telematics score, when compared to the worst score. But if you live in a state where your auto rates are impacted by credit based insurance scores, the difference between the best and worst score for many insurance companies is anywhere from a 200%, 300% or even 400% difference in premium. Many that will read this are probably already in one of the top tiers for credit based insurance scores, so there's not much room to improve. However, those that are most vulnerable to insurance rate increases and least able to adjust their budget for living expenses may not be. So why aren't we talking about improving credit scores as a way to make insurance more affordable for those that need it most?

It's time to unlock the future of personal auto insurance! Verisk's Coverage Verifier Analytic Objects (CVAO) provides insights into policyholder behaviors, empowering insurers to make data-driven decisions at the point of quote. By analyzing up to seven years of policy history, CVAO helps you identify predictive patterns, refine segmentation, and optimize workflows. Ready to revolutionize your underwriting? https://ow.ly/WrfS30sFNpN #AutoInsurance #RiskManagement #Underwriting

24h for insurance product launch instead of traditional 12 months. Traditionally, creating and rolling out a new insurance product takes 12 to 18 months, and modifying existing coverage takes 3 to 6 months. However, in today's rapidly changing market, these timelines are becoming increasingly less acceptable. There are examples of mid-sized insurance companies that have digital platforms and other tools to simplify and expedite the sales process, with some processes taking as little as 24 hours to complete, including the entire cycle from development to deployment on a market. 🤩

PRESS RELEASE | We're excited to announce our strategic partnership with Pavo Insurance Solutions Inc., a move that will transform how Motor Carriers manage upfront premium payments. This collaboration introduces a groundbreaking premium financing solution aimed at enhancing cash flow management and operational agility. Insurance Agents, this is your golden opportunity to play a pivotal role in strengthening client relationships with innovative, flexible financial solutions. Click below to discover how we're revolutionizing premium financing for Motor Carriers and significantly impacting your clients' financial strategies! #WorkforceWednesday #PAVOInsuranceSolutions #PressRelease