The Insurance Informant

College is often the first-time students live apart from their parents. The checklists of essential from Target and Walmart may have you covered on what you need to bring to live on your own, but what about necessary insurance to protect these belongings? While a shoe box dorm room might be the first thing to come to mind when you think of where a college student lives, it’s important to understand the different types of insurance protection offered for all of your different housing options. This is especially if you have anything valuable in that shoebox of a house.

Technology geared for businesses has been developing at a rapid pace. Companies are finding new ways to implement these innovations to increase their bottom line. Insurance companies have historically been slow to change their processes for new technologies; however, in the past five years, they have started utilizing Robotic Process Automation (RPA).[1] A successful RPA implementation can free up around 20-30 percent of the capacity of the company while improving customer experience and minimizing operational risks.

Last week, we published an article and podcast reflecting on our first year after launching and 2020 in general! We had many goals, met and exceeded goals, and even developed new ones in the unprecedented times that we were all going through. Looking ahead to 2021, we took a step back to evaluate what’s working, what’s not working, and what can be improved. After all of that, we have some exciting changes to tell you about!

As we enter the final week of 2020, our team at The Insurance Informant, LLC has taken some time to reflect on our first year. It’s hard to believe that an entire year has gone by since our website and social media platforms officially launched. Throughout that time, there were plenty of ups and downs, early and late nights, and shifts in our plans. But through it all, we could not be prouder of everything that has been accomplished.

Whether it’s a birthday party filled with toys and treats, or a photoshoot just for them, it’s become a common occurrence for pets to be treated like family by their owners. Pet owners are prepared for anything – but what about a medical emergency costing thousands? Most people don’t budget thousands of dollars for pet costs, yet pet insurance policies to cover these costs are few are far between. How much does pet insurance cost? Would it be worth it for all types of pets? What coverage can you expect to receive?

With all of the joy the holiday season can bring, the last thing you want is to be stressed about potential financial losses from problems going awry with the gift-giving process. Online shopping has been increasing at a rapid rate, and as a result, the rate of stolen packages has also risen. However, a couple of tips, tricks, and insurance coverage options could help ensure your gifts are safe during the holiday season, so you can enjoy the quality time and food these months bring, with a little less worrying.

Trampolines, treehouses and swimming pools, oh my! With the increasing prevalence of these fun filled features in backyards across America, homeowners are often faced with uncertainty about the liability these may carry. Often referred to as “attractive nuisances” in the insurance world, special insurance requirements may be necessary to deal with the inherent liability risk.

Life Insurance is often put on the back burner for many people who struggle to pay their day to day bills. However, what many do not realize, is that it can act as a safety net for their family if a tragedy happens. There are two main types of policies for life insurance that each have unique pros and cons depending on the individual who is looking for a policy. So, when is the right time to get Life Insurance? How do you go about picking a policy that is right for you?

After the bags are packed and the plans are made, you’re all set, right? Hold on. What about Travel Insurance? There are multiple types of travel insurance that could cover various unfortunate events, such as medical emergencies, loss or delayed baggage, cancellation of travel, and more. Thus, what type of insurance should you purchase? When is it applicable?

The Insurance, Risk Management, Financial and Analytics Industries are becoming big and growing exponentially. This growth has resulted in the global expansion, as well as competition, among the players of the industry. As the global population is faced with existential threat to human existence on earth with the COVID-19 pandemic, cyber security threats, and climate change, it is incumbent upon actuaries and financial industries to rise up to task ahead.