Kevin Seth

Kevin serves as the President of E-Technology bringing over 30 years of insurance experience. Before joining E-Technology, Kevin held leadership positions with national and regional insurance companies, insurance agency and had his own consulting practice. Kevin earned his bachelor’s degree from Salem State University and is a licensed property and casualty broker. Kevin has earned several designations including Associate in Risk Management (ARM), Associate in General Insurance (AINS), Associate in Underwriting (AU), Accredited Advisor in Insurance (AAI) and Associate in Insurance Services (AIS).

Telematics Utilization in Commercial Automobile Insurance

by Kevin Seth

Telematics usage is growing rapidly in the U.S. This is being driven by the positive results being achieved, implementation cost going down and the need for a solution to address the deteriorating commercial automobile results. It is important to understand some of the ways in which telematics will be used in commercial automobile for underwriting, … Read more

Definitioner

ISO (Insurance Services Office)

A company that sells services to insurance companies including writing policies that anyone can use.

Limit

The most money the insurance company will pay you.

Underwriter

The person who decides to accept or not accept your offer to pay a company for the promise that they will pay for things you break or lose.

Loss Control

Things you can do to avoid breaking and losing things, or to lower how much money you have to pay when it happens. Most Insurance companies also have a group that work in doing this for those they work with.

Policy

A written paper that explains in long words the promise you have bought from the company and what is covered or not covered.

Insured

The person who gets paid when something breaks or is lost.

Carrier (Insurer)

A company who promised to pay for big things you break or lose if you pay them a little money before it happened.

Claim

Asking somebody else to pay when something breaks or is lost.

Premium

The little bit of money that the company asks you to pay for the promise that they will pay a lot of money if you break or lose something covered by their promise.

Risk

Chance of something changing either for better or worse.

Insurance

Paying a company a little money for the promise they will pay a lot of money for things we break or lose without meaning to.