Travelers customers increasingly rely on mobile devices to file claims
Hartford, conn.--(business wire)--as a sign of the growing popularity of smartphones, travelers has seen a substantial increase in the number of claims filed via mobile devices during the past year, according to a comprehensive analysis of its claims. the travelers study broadly examined insurance claims filed over the past 16 months using mobile devices. in reviewing claims data comparing the first four months of 2010 versus the same time period in 2011, the number of claims filed via mobile devices more than tripled. “the faster our customers report claims to travelers, the faster we can help them,” said jay gauthier, vice president, travelers personal insurance marketing. “that's why we continue to develop technologies that make it easy for our customers to communicate with us in the way that's most convenient to them, whether online, over the phone, or through their mobile devices, 24 hours a day, 7 days a week." capitalizing on the trend of increased usage of mobile devices to report claims, travelers developed its “auto accident help” mobile application for android™ devices. this free app, which was made available to iphone® and blackberry® smartphone users in 2010, gives any android user an efficient way to create an accident report and provides another way for travelers customers to report claims. consumers can now download the “auto accident help” app for android devices by visiting the mobile site of travelers.com. as part of the claim study, travelers found that 70 percent of claims filed through mobile devices related to personal auto insurance, 28 percent were personal insurance property claims and the remaining two percent were business insurance property claims (.5 percent) and business insurance auto claims (1.5 percent). “our claims analysis reveals that at the time of an auto accident, it is convenient for individuals to report the claim through their mobile device so they can quickly begin the process of getting their car back to the condition it was in before the accident took place,” said gauthier. according to a recent report from neilsen, 36 percent of u.s. mobile phone consumers now have smartphones. in addition, of those who download smartphone apps, 68 percent of those with iphones, 60 percent of those with android devices and 45 percent of those with blackberry/rim smartphones reported using their mobile apps multiple times a day.1 for information about the “auto accident help” for android devices and iphones and “quick connect” for blackberry smartphones, and all of travelers’ mobile tools, visit travelers.com/about-us/mobile-tools.aspx. about travelersthe travelers companies, inc. (nyse: trv) is a leading property casualty insurer selling primarily through independent agents and brokers. the company’s diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings. a component of the dow jones industrial average, travelers has more than 30,000 employees and generated revenues of approximately $25 billion in 2010. for more information, visit www.travelers.com. 1. http://blog.nielsen.com/nielsenwire/online_mobile/consumers-and-mobile-apps-in-the-u-s-all-about-android-and-apple-ios/
TRV Ratings Summary
TRV Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission