Esurance Named Model Insurer in New Report

A new report has revealed that Esurance was recently named a “Model Insurer.” The honor was announced by Innovation Group, a global provider of enterprise software and business process outsourcing solutions to companies in the Property & Casualty industry, and the report was released by Celent, a financial services technology research and advisory firm.

Why Esurance Won the Honor

According to Celent’s new report, Esurance, the widely-known auto insurance company, was chosen as a winner based on 27 insurance technology initiatives that the financial services firm recognizes as “Model Insurer Components.”

The practices span key areas of the product and policyholder life cycle and include product definition, policy administration, underwriting, claims, services and infrastructure. Among these and other categories, Esurance was viewed as the company utilizing the best practices.

Choosing an Auto Insurer to Work With

What’s great about reports like this is that they help you narrow down auto insurance companies that are great to work with. However, there are other factors to consider when choosing an insurer, including:

  • Its reputation with claims: When choosing an insurer you want to know that they’re not just collecting your money. So as you choose, it’s good to make sure it has a good reputation for following up with claims filed.
  • Prices: Of course, the auto insurance rate you pay is a big deal and should be considered. However, before making a final decision, you still want to make sure that the reputation is a good one.

It’s good to know that there are auto insurance companies doing something right out there. Hopefully, as you search for auto insurance quotes, you’ll be able to link up with one that will do the right thing for you.