IOT/Telematics

Education provider for P&C industry aims to advance development of insurance use cases for the technology.

Insurtech's camera device records visual data, as well as traditional usage-based insurance factors, to develop driving scores.

Otonomo collects hundreds of data points from cars and packages them to inform insurers' UBI programs.

The digtial auto insurer will offer policyholders credits for free ridesharing trips after a car accident.

These new companies sport telematics, AI and IoT platforms aimed at expediting claims, digital distribution and more.

While several CEOs have been critical of this administration, they have flocked to the White House this week seeking to influence the government’s technology policies going forward.

As automation and cloud services take hold, fewer workers will be needed overall but the demand for data professionals will rise.

Carriers are ready to embrace digital transformation and are unlikely to be pushed out by insurtech startups, says EY’s David Connolly.

The majority of organizations globally understand the urgency of embracing new technologies and updating their systems, says Antony Bourne of IFS.

Another industry alliance is forged aimed at providing driver data to insurance companies.