IOT/Telematics

IoT in insurance will allow the industry to move toward “casual analysis”: what are the true causes of loss and in what interventions can be undertaken to avoid them?”

Fitness device maker Fitbit now will enter into HIPAA business associate agreements with corporations, health plans and self-insured employers that want to offer its wellness platform to employees.

Research indicates that insurers looking to jump-start usage-based insurance programs should start by courting millenial consumers.

The insurer is establishing partnerships with auto insurance technology companies to better handle emerging risks.

Whether or not one buys into the idea of sustained dialogue with our cars in the next decade, it is certain that the Internet of Things will require new forms of record keeping, of which it’s very likely that Blockchain technology will be a crucial component.

Insurance core systems technology company Insurity Inc. now offers integration with Social Media Risk Scoring, predictive analytics technology from tech firm Social intelligence.

The Snapshot mobile app will monitor and measure driving data, including time of day, mileage and hard braking automatically, and give drivers personalized information, including a one-to-five-star rating at the end of each trip, a data summary, map of their drive and tailored driving tips.

The company's interest in smart home tech company Roost is the latest in a string of startup investments

As insurance telematics gains momentum with consumers, the technology has become ever more sophisticated and reliant on customer outlays for smartphone capabilities and OEM automotive technology. But is that fair to lower income consumers?

The Verisk Telematics Data Exchange promises greater portability of usage-based insurance data across companies.