Connected cars

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.

The coverage can be purchased via an app and covers passengers on all rides they take over 24 hours.

Telematics technology from Octo Telematics will power the MyPace program, which launches in July.

A rapidly changing world will have new risks that are managed in new ways, a fact informing insurance digital strategy.

Four out of five carriers don't have a plan for collecting, analyzing or securing the flood of data from connected devices, according to LexisNexis survey.

With enough information produced directly by vehicles, insurers can get most important information without making the customer work too hard.

Otonomo has developed technology to make it easier to distribute connected-car data by securing, anonymizing and aggregating information while adhering to regulations.

Mark Wilson's company is working with Tesla to insure driverless vehicles.

With underwriting results deteriorating in personal auto, carriers hope to reduce risky habits among their policyholders.

Insurance companies have the opportunity to create new sources of revenue by rethinking their traditional roles and adopting an ecosystem mind-set.