Companies in the insurance industry have always possessed a great deal of data, primarily from policy, billing and claims systems. New real-time data sources — such as wearables, connected devices...
Fraud has long been a significant problem for the insurance industry — actually since the very beginning of insurance at Lloyd’s coffee house. The Coalition Against Insurance Fraud indicates that...
As technology related to artificial intelligence, natural language processing, smart home tech and more evolve, business applications are emerging that can have a transformative effect. From an insurance industry...
Changes are occurring at a rapid rate in today’s auto insurance world. From the InsurTech boom to semi-autonomous car technology — there have been many advances in the once...
Even though Metromile was groundbreaking with its pay-per-mile insurance, it certainly wasn’t the first to provide usage-based cover. In fact, the earliest documented paper insurance policy, a commercial policy,...
The insurance industry is at an exciting precipice. Telematics is gaining steam as more insurance agencies implementing telematics programs see a positive effect on their bottom line, and more...
In 2016 our entire industry went from one that was slow to adopt emerging technologies to one that is well on its way toward digital transformation. With increasing disruption...
It is time for insurers to take personalization seriously. In every industry, customer experience is becoming highly personalized, and many consumers will not even engage with a brand unless...
Smartphones, the Internet of Things (IoT) and connected cars are generating a deluge of new data about people’s behaviors and preferences that have already led to disruption and...
"At a time when the speed of digital change is so fast that standing still means falling further behind, this new survey provides fascinating insights into how insurers...
