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VCs love insurance, even if you don’t

Most people hate shopping for insurance, and they don’t enjoy talking about it either. That’s probably why you’re unlikely to hear about the industry’s current transformation in conversation, even in startup circles.<p>But make no mistake, there are vast sums of venture dollars going into insurance …

'Digital labor' poised to refine underwriting

Insurers are consuming an ever-increasing amount of data from internal and external sources in their quests to more accurately price risks. But …

DropIn brings drone-based video streaming to insurance biz

DropIn, an LA-based startup wants to change the way the insurance companies process claims with two-way video claims processing and drone-based appraisals.<p>The company, which launched in 2015, provides on-demand live video streaming services to help insurance companies improve the claims and …

Munich Re Partners With Trov To Bring On-Demand Insurance To The U.S.

Munich Re has won the bid to underwrite the on-demand insurance platform called Trov in the U.S. The tech company’s application, which enables people to turn coverage for personal belongings on and off at will using their smartphone, will begin rolling out across all 50 states in 2017.<p>Scott …

Additional Ethical Questions for Driverless Cars

The ethics of driverless car technology is . . . a subject of debate. A report [in June] in the journal Science found that most people surveyed think that it would be more moral for a driverless car to be programmed to crash into a wall and sacrifice its passengers rather than hit a larger number …

Baidu gets approval to test self-driving cars in California

Baidu received an Autonomous Vehicle Testing Permit from the California DMV, the company revealed today. This paves the way for Baidu USA to begin testing its self-driving car technologies on public roads in California, which it says it will do soon. The Baidu autonomous driving research team in …

Autonomous Vehicle

Should drivers trust keyless security systems?

Remote keyless entry (RKE) systems often urge their users to forget about their keys. In these systems, a key fob can remain in the driver’s pocket …

Inzura becomes the lastest company on the insurtech scene

Inzura – a new digital insurance platform – is set to begin using smartphone data and photo recognition to calculate policies.<p>It’s thought insurance …

Onboard diagnostics will connect cars to the Internet of Things

For as long as I’ve owned a car, I’ve always been interested in extracting data from it.<p>One of my earliest experiments involved using a paperclip to complete a connection between a red wire and a green wire beneath my dashboard so that diagnostic error codes would flash on the dashboard of my ‘91 …

A Missouri might owe his life to his Tesla Model X's Autopilot

The incident serves as a counterpoint to the accident in Florida<p>Tesla has come under fire for its Autopilot feature after a fatal traffic accident earlier this year. The same feature might have just saved the life of a Missouri man who suffered a pulmonary embolism by driving him to a local …

Philips debuts new devices to help you to take control of your health

Philips on Monday unveiled a new health platform and ecosystem of products to empower people to take greater control of their health. The Dutch healthcare company isn't targeting fitness buffs, but rather regular people at risk for a chronic diseases such as high blood pressure, heart disease and …

Hunting Pokémon raises liability issues when incidents happen

Auto accidents and property damage are just two of the things that can go wrong. And when it does, who's on the hook?<p>The quest for Pokémon, Pikachu, …

Top 10

Car rental, carpooling, ridesharing: Being safe on the road

With 7.5 million of French who have resorted to car rental and 25% who have already used carpooling, AXA France has launched a first of its kind …

Pokemon GO: How Can Insurers Seize the Opportunity?

The augmented reality (AR) mobile game phenomenon Pokemon GO seized the attention and smartphone bandwidth of the entire country this weekend, adding …

How Insurance Tech Could Change the Sharing Economy Forever

Lyft, Uber, Airbnb and others have opened the floodgates for millions to find jobs, but one company has stepped in to fill troublesome gaps in for the sharing economy<p>For decades people have purchased investment homes to rent out to create a stable income or potentially sell it once renovations …

Insurance cheats discover social media is the real pain in the neck

With the number of whiplash cases soaring, canny insurers are increasingly looking at people’s Facebook and Twitter accounts to help them nail false claimants<p>To come in seventh place in a field of 2,000 competitors in a 10km race is quite an achievement for any enthusiastic runner. So in the age of …

Tesla says autopilot involved in second car crash

<b>Tesla has admitted that its autopilot feature was activated when one of its cars crashed on Sunday.</b><p>However, the electric carmaker has suggested that the function was not being used correctly at the time.<p>The motorist survived the accident, but another Tesla owner died in an earlier crash that …

Insurance is ready for an upgrade

Insurance may be widely perceived as a sleepy backwater when it comes to innovation in technology, but that’s about to change.<p>Whether the transformations to come — which we expect to impact the industry on a number of different fronts — end up bolstering a particular insurer’s future or undermining …

Why all players in insurance will need to embrace a future of Insurtech

Innovations like P2P business models, technology-driven customer service and even IoT have created a future called ‘insurtech’

As Self-Driving Cars Hit the Road, Innovation Is Outpacing Insurance

Advances in self-driving car technology have gotten ahead of insurers’ ability to factor the systems into auto premiums.<p>So at least for now, coverage for cars using self-driving technology works the same way as coverage for traditional vehicles, according to the insurance industry.<p>A recent fatality …

US opens investigation into Tesla after fatal crash

<b>US authorities are investigating the first death potentially caused by self-driving technology.</b><p>The driver of a Tesla car died in Florida in May after colliding with a lorry.<p>Under scrutiny is Tesla's Autopilot feature, which automatically changes lanes and reacts to traffic.<p>In a statement, Tesla …

The Insurance Industry Is Poised to Lead the Way in Drone Adoption

In this guest post, a drone software entrepreneur explains the potential of drone technology to change the property insurance industry.<p><i>The following</i> …

Me too please! FTC wants in on US federal IoT dialogue

As more US government departments and lawmakers wake up to the growing influence of the Internet of Things (IoT), the Federal Trade Commission says they want in on the regulatory conversation.<p>As reported by Pymnts.com, the FTC has decided to stick its oar in the IoT waters by issuing an official …

Discovery Vitality launches in Europe through Generali

23 June 2016 – The Generali Group (“Generali”) today, in Munich, Germany, announced the launch of Generali Vitality. This launch follows the …

What Brexit means for tech in Europe and the UK

Since the UK voted to leave the EU this morning, a lot has happened: the value of the British Pound has plunged, as has the price of oil; Prime Minister David Cameron has resigned; millions of Britons might eventually find it more difficult than before to emigrate, live and work in 27 other …

Tech Industry

Press Release

Regulations will create new opportunities for business and government to use drones<p><b>WASHINGTON</b> – Today, the Department of Transportation’s Federal …