Morning Briefing: Facebook blocks insurance firm from using its data

Facebook blocks insurance firm from using its data… Brokers platform raises $2 million… Most workers with spousal health benefits have access to same-sex cover…

Insurance News


Facebook blocks insurance firm from using its data
A British insurance company has delayed the launch of its new auto insurance app due to intervention from Facebook.

Admiral Insurance was due to launch the ‘firstcarquote’ app, aimed at young drivers, which would use data from users’ Facebook profiles to determine how careful they would be on the roads before deciding premiums.

However, as TechWeekEurope reports, Facebook has blocked the insurer from using its data as it would breach the social network’s terms.

A spokesperson told the website: “We have clear guidelines that prevent information being obtained from Facebook from being used to make decisions about eligibility.”

Admiral will still use Facebook for sign-in and verification but will now ask questions to determine eligibility for coverage.
Brokers platform raises $2 million
Indio, a workflow management platform for insurance brokers, has raised $2 million in seed funding to help it grow its user base and the platform.

Backed by venture capitalists and insurance carrier Hiscox, Indio aims to help insurance brokers embrace the digital age while cutting operational costs of running an agency.

The platform promises to give you more time to be an advisor. “Free yourself from data re-entry and operational processes,” it enthuses.

As well as promising to provide an easy way to see quotes from multiple carriers it also says that clients will enjoy “a beautiful digital experience.”
Most workers with spousal health benefits have access to same-sex cover
Eighty-four per cent of US workers with spousal health benefits can access same-sex health benefits, a Kaiser Foundation study has found.

The analysis of workers benefits follows two Supreme Court rulings on same-sex marriage and discovered that 8 per cent of those with spousal benefits did not have access for same-sex partners while the same percentage said that had not encountered the issue in their workplace.

Larger firms (200+ employees) were more likely (94 per cent) to offer benefits to same-sex partners than small firms (59 per cent).

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