17 Mar 2017

How Technology is Transforming Commercial Auto Insurance

How Technology is Transforming Commercial Auto Insurance

Over the last decade, technology has made a real splash in commercial auto insurance. So, what's new? For insurers who want to win the business of tech-savvy customers, there's a message in the trends. An annual survey of insurance execs conducted by Guy Carpenter and Co. found that 42 percent of respondents consider…

24 Feb 2017

What Mom Never Told Insurers about the Sharing Economy

What Mom Never Told Insurers about the Sharing Economy

Mom always said you're supposed to share. But sharing doesn't come without consequence – and in the insurance industry, the implications of the sharing economy are getting bigger all the time.

The sharing economy is growing

Last December, NAIC said that "nearly one-fifth of American consumers participate in some form…

14 Feb 2017

The Smart Home Insurance Market: Are You Ready to Compete?

The Smart Home Insurance Market: Are You Ready to Compete?

Smart homes are getting smarter. Equipped with voice control, they can follow spoken directions. With connected fridges, they can make suggestions about dinner. With smart utilities, they can optimize both comfort and efficiency. Soon, they may recognize their homeowners by their heartbeat.

What does all of this mean…

08 Feb 2017

The Evolution of Autonomous & Connected Vehicles

The Evolution of Autonomous & Connected Vehicles

A few years ago, 2020 seemed a long way out. That was the year that many manufacturers earmarked for their self-driving car rollouts. Now that 2020 is just three years away, some carmakers are kicking the can to 2021. They’ve learned that it's one thing to make the cars, and quite another to get them onto the road. To…

31 Jan 2017

Modern insurance technology tactics for 2017

Modern insurance technology tactics for 2017

Last month, Carrier Management said that some insurers expect to spend more on insurance technology in 2017. But at 37 percent, they're in the minority. They're also running below a multi-industry average. While 45 percent of other businesses plan to spend more on IT this year, many insurers – 24 percent to be exact…

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