IOT/Telematics

Novarica has identified the top technologies poised to transform commercial lines insurance, and the future is coming fast and furious to the sector.

Acquisition of the GPS tech provider intended to expand Sprieon’s ability to offer services and business intelligence to any vehicle.

Though insurance investment in the startup community is burgeoning, there are some relevant companies that may have flown under the radar.

Developers can benefit from proprietary analytical models, and insurers, consumers, wireless carriers, automotive businesses can access real-time information to enhance their experience or services, Zubie said.

Faster and more accurate claims processes, improved customer experience, and safer conditions for insurance staff will continue driving investment in drones.

Vitality members can now get discounts on indexed universal life products in addition to term and standard universal.

Insurers clearly appreciate the greater insights into policyholder risk factors from connected cars and homes.

Liberty Mutual joins State Farm, Travellers and other insurers that have won exemptions to use drones for property inspections.

The insurer has partnered with Canary, provider of home monitoring technology, to offer connected home services and discounts.

EZLynx, Haven Life and 10 others will present innovative and disruptive ideas at ACORD2015 and compete for $25,000 prize.