Are we safe drivers? Apparently not…
U.S. drivers are picking up some bad habits and they’re unwilling to let go of them. Despite a host of education campaigns and the fact that most know better,...
What’s Next for Usage-Based Insurance?
The usage-based insurance (UBI) market could be worth $123 billion by 2023—and its consumer base could grow from 15 million to 142 million over the same timeframe, according...
Insurers: Is your IT ready for usage-based insurance?
Usage-based motor insurance (UBI) is generating a huge amount of interest at the moment. But are insurers’ IT infrastructure ready for it? In the space of around 15 years,...
Top 7 insurance industry concerns for 2017
The insurance industry has remained much the same for more than 100 years, but the status quo cannot endure nor lead to growth of an organization. Commercial insurers face...
10 trends impacting the insurance industry
A new report from CCC Information Services Inc. (CCC) examines a number of trends affecting the auto collision industry, as well as some aspects of property and casualty...
Survey finds insurers not fully realizing benefits of analytics
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 is not a cost of doing business — and emerging tech is here to prove it
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...
3 insurance technology trends for building customer relationships in 2017
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...
How driving habits are changing the auto 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...
InsurTech’s pay-as-you-go promise
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,...