IOT/Telematics

Rather than facing a simpler tech environment where the investment choices are obvious, it appears the insurance industry is at a point of inflection where the old established world may have to give way to the new.

ISPs aren't likely to risk the poor publicity or liability concerns that would come from restricting traffic from home-protection or health devices.

The new focus will be on the information that business users and business-focused analysts can utilize in their everyday decision-making.

Heavily contested move could have implications for the growing Internet of Things, an emerging technology popular among insurers.

Through the development of its AVA virtual assistant, the usage-based auto insurer is letting machines take over more insurance processes, with the goal of improving customer experience.

By 2021, more than 55 percent of spending on IoT projects will be for software and services, says Carrie MacGillivray.

There is no question that understanding the technologies themselves are important, but it is about what the technologies mean for customers, risks, and operations.

Even though a majority of organizations have adopted or plan to adopt IoT technologies within the next year, many are still concerned about cybersecurity threats, says Peter Tsai.

Insurance agency's client portfolio encompasses small-to-medium fleets ranging from tow trucks to concrete mixers and cranes.

The insurtech will collect data on driver smartphone interaction, which will be analyzed to predict future underwriting losses.