Iot

Carriers must compete on insights from consumer information, not just the convenience of digital-app services.

Carriers must create a roadmap for the transition from text to voice while building, deploying, and continuously improving its own voices.

While information on customers is readily available, danger scenarios are also changing rapidly, says insurer's personal insurance leader.

The multi-line insurer joins State Auto as an early member of the consortium launched last year.

The multiline insurer is giving developers an opportunity to solve business problems in a two-day event.

The evolution of these centers are best depicted by insurers’ growing focus on making consumers’ daily lives easier, while building out capabilities addressing core business problems.

Applications include the faster delivery of claims payments, identifying fraud and leverging connected IoT data for improved actuarial models.

The insurer embeds new technologies, such as AI and IoT, into its organization on an ad-hoc basis, rather than developing products separately in a lab and force-fitting them.

A look at how leading property carriers are leveraging connected devices to improve the customer experience.

The insurtechs showcased their platforms and the potential use cases for the industry, in areas such as claims, customer experience and underwriting.

Carriers have to take care to clearly communicate the value of collecting more data from consumers.

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.

The insurer will leverage the university's research in the Internet of Things, data science and machine learning to help improve the life underwriting process.

Emerging or re-emerging hot technologies are helping to drive much of the increased spending on enterprise software, which is projected to rise by 11.1 percent in 2018.

With mobile channels matured, the insurer looks to capitalize on other emerging technologies, including virtual reality and the Internet of Things.

Using this technology, traditional data flows would be transformed because data integrity could never be accidentally or maliciously altered.

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.

Incumbents benefit from high barriers to entry, but are themselves less efficient and innovative, Accenture claims.

Top risks are often associated with the IoT, artificial intelligence, cloud computing and robotic process automation.

We have seen solutions with a specific focus are easier to utilize in practice than general solutions that look to leverage an emerging technology for multiple use cases.