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How insurance apps can be used to purchase pet insurance

21/08/2018

The vast majority of British pets are uninsured and at risk of costing their owners thousands of pounds, according to the Association of British Insurers.

Up to 67 per cent of dogs and 84 per cent of cats – a total of 8.2 million pets­ – are not insured. With treatment costs continuing to rise, insurance is becoming a necessity rather than a luxury. the ABI cites a case in 2017 where it cost £10,000 to treat a dog’s broken bone, while the average cost for surgery is £1,500.

According to UK Pet Insurance: Market Dynamics and Opportunities 2017, a report published by the digital media company GlobalData, the pet insurance sector is taking off both in terms of gross written premiums and in the development and application of insurtech. 

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Mobile phone apps are a natural fit for selling travel insurance

13/06/2018

‘To travel hopefully is a better thing than to arrive,’ said Robert Louis Stevenson. But optimism can quickly evaporate if you travel without insurance, as many discover after losing belongings or going through a medical emergency abroad.

Insurance is often the last thing you think of before going away, and because it’s not compulsory it’s all too easy to be cavalier about it. Research from ABTA shows that 25 per cent of holidaymakers went away without insurance in 2017, up from 22 per cent in 2016, and that younger travellers are the least likely to buy travel insurance. ABTA reports that 40 per cent of 18 to 24-year-olds, and 38 per cent of 25 to 34-year-olds, travelled uninsured between May 2016 and May 2017.

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Come and see us showcase our insurtech offerings at TINtech

28/05/2018

RDT has been at the coal face of insurance technology for 27 years. We’ve created some of the UK’s most widely used insurance software and we’re committed to making insurance cheaper and simpler to sell and manage.

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How prefill and data enrichment are reshaping insurance

25/05/2018

Applying for insurance has traditionally involved filling out a long form or spending an age on the phone with the insurer. But consumers are now coming to expect insurance to be sold like everything else is - whenever they want, wherever they are, and without any fuss or faff.

Very often a prospective insurance customer does not have the answers to all the questions being asked of them, meaning they have to guess, or worse, deliberately lie to get a better deal. This is where data enrichment and prefill combine to create a much-improved user experience and more efficient underwriting. With prefill, consumers provide only a small amount of information, such as name and address, and data enrichment takes over to automate the process. 

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