Iot

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.

Insurers are leveraging connected devices to solve a wide range of customer issues.

Commercial insurer will make technology available to clients that reinforces proper lifting form, with the goal of reducing workers' comp claims.

Companies will invest in building out and owning datasets, learning things about their customers that no one else does, and delivering exactly what those customers want and need.

As the number of connected devices increases, so will the vulnerabilities that they are laced with, not to mention the potential impact these could have if exploited.

As the first member of tech company Roost's Home Telematics Consortium, the insurer will distribute kits to customers, in return for data that will help enhance pricing accuracy and loss mitigation.

Carriers are looking to expand their addressable market for risk management services, and innovative solutions are key.

The pair's goal is to boost the insurance industry’s adoption of telematics and the Internet of Things.

The rise of serverless computing, a bigger balance between cloud and local systems, and renewable energy adoption are among the priorities for a growing number of organizations.

Driving this transition will be the growing number of Internet of Things devices and the rapid maturation of artificial intelligence and machine learning technologies.

The Dwellbeing tool gives insureds a place to record usage data, giving customers a better sense of personal risk.