Driverless

Emerging technologies such as IoT, wearables and autonomous vehicles require rapt attention from insurers now, as they can fundamentally change the industry in ways never before seen.

Automating manual processes and insurers' growing use of technology are two leading factors behind the change, detailed in a new three-year innovation plan released by the organization.

Carriers are looking to learn as much as they can about these emerging macro trends now so that they can be prepared for a transformative future.

As transportation preferences evolve, the way insurers are connected with drivers will as well.

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

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

Carriers can take their digital cues for the year from the dominant topics at the gathering of technologists.

While the popular focus is on a fully autonomous future, Tom Wilson says there are short-term digital opportunities for insurers around using the data.

Insurtech will supply trip-based insurance for lost property and medical expenses to customers using Waymo's new ride-hailing service launching in 2018.

Because they gather and hold so much data, carriers enjoy a supreme advantage as data-driven models take over.