Using Drones for Accident-Scene Investigations
When cars crash, they get in the way of everyone else on the road. A long line of automobiles trails out behind the scene, its drivers waiting patiently for the flow to resume. Cleanup is, of course, what they're waiting on. Traffic can't pick up again until the way is clear. But…
Innovation Roundup: Beyond Planes, Trains and Automobiles
Anything but boring: Electric underground shuttles in LA
Elon Musk has an infrastructure firm called the Boring Company – and it's about to bore some tunnels under Los Angeles. In the works is a mass transit system which would propel electric shuttles from LA to LAX in eight…
Are Home-Based IoT Cyber Exposures Part of Your Insurance Strategy?
There’s a new and broadening entry point for cyberattacks, and its name is IoT. Connected devices bring a plethora of exposures that will need to be insured one way or another – the question is, how? And it’s a question that demands an answer.
When a Minecraft botnet took…
Which Device Will Become the Next Smartphone?
According to BI Intelligence research analyst Laurie Beaver, the smartphone is unique among devices ... for now. But it may not stay that way. Based on the research that Beaver presented in his recent slide deck, “The Next Smartphone,” let's take a look at what the future might…
Five Insurance Industry Developments
Do you recall when insurance was slow to change? Those days are gone. Here are five industry developments to watch.
1. Amazon poised to disrupt financial services
Bain & Co. found that more than half of U.S. respondents "are willing to buy financial services from established tech…
Building Codes Relax Despite Hurricane-Related Insurance Losses
In an earlier post, we took a square look at this year's hurricane season (which is slated to be as bad as last year's, if not worse). We also looked at why severe weather events are becoming more common these days, and what that means for insurers, broadly speaking.
It’s Official. Silvervine 6.0 Has Arrived.
Have you heard? In 2017, Silvervine quietly rolled out and tested the most innovative version of it policy administration system yet: Silvervine 6.0.
This mid-market solution takes everything that customers loved about 4.0 to the next level. The first thing you’ll notice is the…
2018 Hurricane Season Predictions: 5 Insurance Takeaways
Hurricane season is going to be a doozy – just like last year, experts say. According to scientist David Dilley at Global Weather Oscillations, the hurricanes we see this season will be "somewhat of a repeat" of last year. In case one is inclined to forget, the Atlantic storms of…
Can Smartphones Prevent Auto Insurance Claims?
Distracted driving is a major cause of auto collisions – something the National Safety Council has been talking about for quite a while. Despite the publicity, the problem isn't going away. It's getting worse.
Recently, Zendrive published a study – titled simply "The Largest…
How is Leading an Insurance Company Like Leading a Tech Startup?
When is an insurance company not just an insurance company? When it's also a tech company.
Last November, Oliver Bäte, the CEO of the German insurer Allianz, said that his company considers itself just that. “We are actually a technology company," Bäte said, because his…
The Insurance Implications of Driverless Car Fatalities
This month in Arizona, a self-driving Uber car killed 49-year-old Elaine Herzberg, who was walking her bike across an empty street late in the evening. It was the first pedestrian fatality to be caused by an autonomous vehicle.
What went wrong? While there was an operator behind…
The Hidden Opportunity of Insurance Pricing Inequity
Is auto insurance accessible and affordable for lower- and middle-income Americans? Not according to this study by the Consumer Federation of America – yet there’s a powerful business opportunity hiding in the research. Let’s learn more.
Is basic liability unaffordable?