IOT/Telematics

Survey finds 62% of those ages 18 to 34 would let carriers use third-party data from social, fitness apps and smart-home devices to lower prices

The company partners with National Guardian Life to sell insurance coupled with connected toothbrushes in 16 states.

Bryce Austin, who was Target’s CISO during the retailer’s infamous data breach, says carriers need to be sure their partners are just as secure as they are.

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.