Real-time data

By leveraging vast amounts of data from multiple sources, insurers can analyze customer behaviors and risk factors in real time.

The trends revolve around speedier personalization, smarter automation and more efficient distribution.

High-resolution, high-frequency imagery assists insurers with claims processing, underwriting and post-disaster property inspections.

The partnerships with United Automobile Insurance Company and Citizens United Reciprocal Exchange come off the heels of Cloverleaf's investment into its suite of new AI-driven advanced analytics and data security technologies.

Many insurers have a traditional, albeit risk-averse, data mindset as evidenced by their reliance on traditional data and avoidance of emerging data sources.

Progressive and others see opportunities to increase adoption as technology base grows.

The insurer partnered with Collective Medical and Mendocity on in- and out-patient capabilities.

Nearly six in ten consumers are open to sharing location data and lifestyle information in exchange for decreased pricing in financial products and services, according to Accenture.

Free2Move will use Trov’s Vehicle Activity API to adjust insurance premiums based on data received in real-time from all of its connected cars, based on each vehicle’s current risk state.

Leaders of the finance organizations want to be leaders in developing data and digital strategy, according to Accenture survey.