The 2015 Consumer Electronics Show is winding down—and if any personal lines insurer wasn’t there, taking names, and setting up meetings, they should have been, says Celent’s Donald Light.
The significance of the new Liberty Mutual program is that it heralds the use of ubiquitous cellular and Internet connectivity to allow carriers to operationalize information from their policyholders, according to industry analyst Jamie Bisker.
The events of Oct. 21, 2016 have sobering implications for the future of insurance IoT, but that shouldn’t dissuade insurers from preparing to exploit the opportunity.
One hundred million vehicles already provide “smart” data, showing a model of connectedness and the potential for shared insights that can transform the management not only of automotive risk but of property risk generally.
Senior insurance executives may be inclined to treat SMA’s latest research brief as another example of an industry analyst crying wolf, but author Denise Garth makes arguments that are not easily dismissed.
Founded in Jan. 2015, ASV has so far invested in PolicyGenius and Limelight Health and seeks opportunities across the insurance value chain, from process improvements to big data, robo-advisors and the Internet of Things.
Marcus Ryu talks to IIR about the range of technology-driven challenges P&C insurers face, what these mean for product and business model innovation, and the role of core systems in a rapidly changing technology environment.
There is no disagreement among leading researchers that there will be tens of billions of devices—computers, smartphones, tablets, and sensors of many different kinds, including wearable devices—connected to and broadcasting readings across the Internet by 2020.
Ezekiel Emanuel predicts the death of health insurers as we know them today, but key aspects of his diagnosis also apply to life and P&C facing non-traditional competitors, including online service providers such as Google and Amazon.
The IoT does indeed have the power to change the insurance in fundamental ways, while reversing some of the industry’s most intractable challenges—and turning risk from a static to a dynamic thing that can be improved.