Insurance does mobile
Nationwide Insurance Consumer iPhone Application
I think one of the key indicators that the web was all grown up was when insurance companies started relying heavily on web applications.
Insurance companies are increasingly relying on mobile applications by developing them for their agents and/or customers.
For example last year CIO magazine highlighted the mobile agent application AFLAC provides. Agents reported winning deals they might otherwise have lost because of the immediacy of mobile applications. AFLAC says they have a number more applications in the works.
Similarly, Nationwide has a consumer focused iPhone application that helps document accidents among other things. USAA provides insurance features like proof of insurance in it’s suite of financial applications. State Farm provides a somewhat stripped down WAP application for consumers.
Insurance is a competitive industry. As applications are successful, I’m sure we’ll see comparable applications pop up from other companies.
My money is on applications catering to the productivity of independent agents (producers).
Independent agents are where the money comes from. If they’re selling your policies, they didn’t sell a competitors.
Like everything else, it’s all about increasing revenue.
Related Information
Best Ways To Save Money On Your Auto Ins
1. Drive Less for and get a discount
Some carriers will discount your premium with a low-mileage discount if you drive less than 7,500 miles per year. Also ask your agent if you can receive a commuter discount for using public transportation.
Get the answers you need.
Actual Cash Value:
You’ll see this term a lot in auto insurance policies or if you ever have to file an auto insurance claim. That’s because most auto insurance coverage reimburses you only for the actual cash value of your car. Your car’s actual cash value is calculated by determining its original value, minus the amount your car has depreciated since you bought it.