When customers see how high the fees are, will they flee?
Tag: insurers
Transparency threatens Isle of Man insurers’ business model
Manx for the memories THE SEASIDE promenade in Douglas, on the Isle of Man, a self-governing British Crown dependency, boasts grand Victorian buildings and a horse-drawn tram. Once they helped it to compete with the likes of Llandudno and Blackpool for the tourist masses of England’s north-west. When cheap air travel meant these holiday towns […]
Three untapped opportunities wearables present to health insurers, providers, and employers
After a shaky start, wearables like smartwatches and fitness trackers have gained traction in healthcare, with US consumer use jumping from 9% in 2014 to 33% in 2018. More than 80% of consumers are willing to wear tech that measures health data — and penetration should continue to climb. The maturation of the wearable […]
How insurers, providers, and employers can harness new market opportunities using wearables
This is a preview of a research report from Business Insider Intelligence, Business Insider’s premium research service. To learn more about Business Insider Intelligence, click here. Current subscribers can read the report here. Business Insider Intelligence The healthcare industry is undergoing a necessary transformation due to pressure from ballooning healthcare costs, a rising burden of chronic […]
Pothole damage is costing drivers and insurers at least £1 MILLION a month
The motoring organisation said the number of pothole-related claims it had seen during the first four months of 2018 alone was more than for the whole of 2017. Based on its share of Britain’s car insurance market, the broker estimated that nationally, there will have been over 4,200 claims for pothole damage so far this […]
Should insurers dictate autonomous driving behavior?
Who is responsible when an autonomous car crashes? That’s a difficult question to answer. Is it the owner? The company who built the car or its autonomous hardware? The people who programmed the car to make decisions? It’s a complex issue, and one that gives legislators — and the general public — pause. The MIT […]
The gender pay gap at the UK’s biggest banks, asset managers, and insurers — from best to worst
Reuters LONDON — New figures show that men earn an almost 60% more than women on average at some of the UK’s top financial institutions. UK companies with more than 250 employees have been forced to reveal their gender pay gaps under new rules introduced by the British government. Business Insider rounded up all the […]
Insurers and undertakers profit as people prepay their last bill
With all the trimmings “WHEN are you thinking of dying?” asks John Cleese, a British comedian, in a recent television ad. Dressed as the Grim Reaper, he addresses the viewer as he prepares a cup of tea. “Your loved ones could be left all alone and distressed and facing a whacking great bill,” he warns. […]
One of America’s largest health insurers has cut its opioid prescriptions by 25%
Reuters Cigna has cut its opioid use among members by 25% since 2016, a year earlier than expected. To do that, Cigna worked with healthcare providers by giving them information about their prescribing patterns, and what the Centers for Disease Control and Prevention recommends, as well as how to identify high-risk patients. Between 1990 and […]
Insurers Game Medicare System to Boost Federal Bonus Payments
Humana, Aetna and other providers enhance revenue by shuffling customers among privately managed plans. The tactic, known as crosswalking, adds millions of dollars in federal payments to the companies that sell Medicare Advantage policies.
