A car insurance comparison service has raised $2 million with an offering that allows users to use text messages to buy insurance.
Insurers will continue to adopt technology as pressure on operating margins increase during 2016, according to a study by financial information firm S&P Capital IQ.
Automobile design will be more significant than driver behaviour in future car insurance, according to Stephan Appt, partner at law firm Pinsent Masons.
Blockchain – the technology behind digital asset and payment system bitcoin – will become a major technology in the insurance ecosystem, according to Abizer Rangwala, MD of Accenture’s insurance IT strategy.
Inefficient insurers should expect to see their margins impacted by disruptive technology, according to a report by management consultancy Marsh & McLennan Companies.
The use of customer information by insurers is seeing huge growth, according to Adam Hamm, chairman of the US National Association of Insurance Commissioners' cyber security task force.
Aviva is set to invest £20 million per year until the end of the decade in digital insurance technologies.
With insurers increasingly looking towards the integration of data and technology into their processes, one expert has warned of the cost of automated underwriting on young talent.
Cybercrime has become more common than any other form of crime, according to Graeme Newman, chief innovation officer at underwriters CFC.
The insurance industry is falling behind other sectors in using technology to meet customer needs, the CEO of insurance consultancy Ingenin has claimed.
New mobile device releases are triggering spikes in insurance fraud, according to Dave Ashton, head of New Zealand’s Insurance Council’s Insurance Claims Register.
Customers trying to take out insurance policies are finding that technology has made it more difficult to be accepted, according to one Australian life insurer.
The UK’s digital revolution is giving health insurers opportunities to reduce costs, speed up claims and slash premiums, according to a new study by online GP service PushDoctor.
Weather-based factors like rain, snow and hail could soon be used to adjust insurance premiums for drivers using telematics technology, according to Octo Telematics.
Insurers and brokers need to dedicate more time to thinking about liability in regards to driverless cars, according to David Williams, head of underwriting at AXA.
With an estimated 160,000 drones expected to be airborne within the next ten years, insurer AIG has launched a new product to cover firms flying unmanned aircraft.
A number of recent high profile cyber attacks on companies like AshleyMadison and TalkTalk have driven up cybercrime insurance premiums, according to Marsh.
Technology is causing a dramatic shift in the fundamentals of the insurance industry, according to Brian Duperreault.
Nearly one in five UK companies have contested an insurance claim with data generated from telematics devices, according to a survey by RAC Business.
The UK insurance sector is industry in the ‘Stone Age’, according to Mark Wilson, chief executive at Aviva.
Insurance providers should prioritise investments in technology if they want to drive profitability, according to research from management solutions firm Interim Partners.
A San Francisco health insurance start-up has embraced Big Data in order to ‘fill gaps’ in patient care and improve clinical outcomes for senior citizens.
The cost of cyber attacks and data breaches can no longer be ignored by the insurance market, according to one cyber risk expert.
An overwhelming 83% of insurance professionals believe the sector’s future success is dependent on its ability to innovate, according to new KPMG research.
A global rise in the use of smart devices in the home is likely to result in increased cyber risk, according to research by Allianz Global Corporate and Speciality (AGCS).