IOT/Telematics

It's likely that drivers will use autonomous features part of the time, creating a space for insurers to cover both the individual owner and the car itself.

Companies that produce hardware designed to detect and mitigate water damage see insurers as natural partners.

In addition, the insurtech, which is looking to establish itself countrywide, is moving into a new 65,000-square-foot facility and recently secured $51 million in additional funding.

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.

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

The insurer explored how homeowners customers could get the most value from water sensors through hands-on experiments.

Carriers must compete on insights from consumer information, not just the convenience of digital-app services.

Carriers must create a roadmap for the transition from text to voice while building, deploying, and continuously improving its own voices.

While information on customers is readily available, danger scenarios are also changing rapidly, says insurer's personal insurance leader.