The National Underwriter, in conjunction with Real Insurance, Exigen Insurance Solutions and Tower Group is putting on a webinar on PAYD. The details are below:
- Date: November 5, 2008
- Time: 2:00 p.m. ET
http://www.summitwebseminars.com/exigen/Pages/default.aspx
Pay Only As You Drive Insurance Coming Ready or Not
What Are the Business, Technology and Regulatory Realities You Need to Know?
Are you ready for the coming auto insurance revolution?
Low mileage driver interest in pay-only-as-you-drive insurance (PAYD) is growing fast, for many reasons. It will save most drivers money on their premiums. And it is environmentally responsible - a green product that creates incentives for driving less, resulting in less pollution, oil dependence and infrastructure cost. So why are some U.S. insurers moving fast while others are slow to act?
Get answers to the important questions:
- What is the market?
- Is consumer privacy an issue?
- What are the business barriers?
- What are regulators doing?
- What are the technology options and barriers?
Plan your company's next steps toward a fast emerging new auto insurance product.
Moving to mileage-based coverage as a term of insurance has rating and pricing implications and it challenges conventional policy administration, claims, billing and other systems. Find out how Real Insurance, a division of Hollard Australia, implemented the first PAYD product not requiring a monitoring device within customers' vehicles - a solution that avoids consumer privacy issues. Hear all sides of the issue and make your plan of action.
Featured speakers:
- Roger Grobler, CEO, Real Insurance, a division of Hollard
- Karen Pauli, Research Director, Insurance,
TowerGroup
- Fazi Zand, VP, Marketing & Business Development, Exigen Insurance Solutions
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