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Top reasons cited include rapid technology development, followed by customer needs and expectations, and the need to break down internal siloes to enable better decision-making.

The digital giant's involvement with an Indian insurtech doesn't mean it will be selling policies soon, but does give insurers something to think about.

Telematics technology from Octo Telematics will power the MyPace program, which launches in July.

Insurer and its Arity and Answer Financial subsidiaries will leverage data collected through Life360 for driver feedback and insurance options.

He will focus on digital and replace Craig Weber, who had been planned to leave the role.

If carriers don't refine their company for a new era, they can't operate as efficiently and profitably as is possible.

Rather than just replace jobs, advanced computing technologies could augment them, as long as investments and training are strategic, says Accenture.

Insurers may be holding back due to concerns over the perceived cost, a lack of technology skillset, or potential changes in personal auto risks.

How do you create an environment to support rapid innovation while protecting the company from its own excesses? Consider these five steps to moving fast without breaking things.

Insurers have to manage the process carefully to get the most out of transformation efforts.