Almost a third of pay-as-you-drive (PAYD) insurance policies will be based on smartphone apps, rather than in-car telematics by the end of the decade, according to a report by telematics firm Wejo.
High-tech drone aircraft could be used to evaluate insurance claims in the near future, according to US insurer USAA.
It could be impossible to get life cover without a wearable device in the next five to 10 years, according to Swiss Re.
Insurers exploring the possible benefits of the Internet of Things (IoT) will need to carry out careful cost analysis, according to Microsoft’s Tony Jacob.
Digital initiatives in the insurance industry are being threatened by a lack of focus on customer experience, according to a survey by Forrester.
Demand for cyber insurance policies rose by 50% in the first quarter of 2015, according to Lloyd’s syndicate Barbican.
The insurance sector needs to ‘up its game’ when it comes to digital innovation if businesses are going to survive and succeed, according to Aviva’s chief digital officer.
Wearable technology has ‘tremendous potential’ for insurers, according to Gregory Bailey senior vice president of the annuity firm of Athene.
Predictive tracking technology could give insurers a genuine understanding of an individual’s risk, says Direct Line Group’s marketing director.
The Internet of Things is likely to radically reshape the insurance industry, according to the head of Morgan Stanley’s European technology software and services equity-research team.
The potential value of digital technology is not being fully exploited by insurance companies, a new report by McKinsey & Company has claimed.
Insurers are coming under increasing pressure to upgrade their technology infrastructures, according to a report by Novarica.
Insurance brokers must anticipate and adapt to future technology, according to David Smith, chief executive of Global Futures and Foresight (GFF).
The insurance industry will be ‘unrecognisable’ within a few years as technology continues to change the way firms operates, according to Julien de Salaberry, CIO and founder of investment and advisory firm The Propell Group.
The insurance sector will make a ‘significant investment’ in digital technology during 2015 as firms seek to resolve a number of key industry issues, a new study by consultancy firm Ernst and Young (EY) has claimed.
The insurance industry is getting left behind by others sectors successfully adopting big data technology to drive sales and profits, according to Catherine Barton, partner at Ernst & Young (EY).
Customer portals and core policy administration systems are top technology initiatives for life and annuity insurers, according to a new Novarica report.
Evolving technology and the new digital landscape is having a huge impact on the insurance sector, according to Matt Cullen of the Association of British Insurers (ABI).
British businesses lag significantly behind companies in the United States when it comes to being insured against cyber-attacks, a new study has revealed.
Insurers need to experiment with emerging consumer technology, according to analyst Denise Garth.
Advanced capabilities are becoming the ‘new normal’ for large property and casualty (P&C) insurers, a new industry report has found.
Outdated and inadequate technology systems are one of the biggest concerns facing the insurance sector in 2015, an industry survey has stated.
A health insurance firm has begun to offer digital health devices to its customers to encourage healthier living.
Insurance firms need digital solutions that will enable greater interaction with customers, according to incentive experts One Loyalty.
The initiative is being rolled out by the insurance firm AXA which already has such policies in France and is looking to initiate them in the UK market.