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The Transformative Potential of Telematics Innovation: Personal Auto
When looking at the impact of telematics capabilities on insurance activities, we see the emergence of the transformative potential of this InsurTech innovation. There is a relevant number of ...
Creating the Tipping Point for Insurance IoT: How HSB and Its Partners Are Creating a Playbook for the Future
Over the past several years, the property/casualty insurance industry's use of Internet of Things (IoT) has significantly accelerated. Beyond auto telematics, P/C insurers—from major carriers to ...
The State Farm Vision: Ecosystem Capabilities for the Insurer of the Future
A century-old insurer is evolving to help people manage the risks of everyday life, recover from the unexpected and realize their dreams in an increasingly hyperconnected world. The State Farm ...
More Than an Observer: Carbone Still Igniting Industry’s IoT Passion
There's an image accompanying the next article of this special report showing a closeup profile view of a visionary whose mind is connected to a network of things. (The State Farm Vision: Ecosystem ...
Why Totaled Auto Losses Are Hard to Pin Down This Year
Depending on what report you have read, totaled auto losses are up, down or relatively stable. Ever since the personal auto segment recorded a combined ratio of 112 last year—a figure not seen ...
Economic and Social Inflation: Insurance Claims Execs Preview 2024 Trends
In its Global Economic Outlook report for 2023 through 2025, Allianz reported that the company expects global inflation to fall to 4.3 percent in 2024, down two percentage points from 2023 levels. ...
Cats Where They Shouldn’t Be: ‘A Whole New Challenge’ for Claims Pros
The number of global climate catastrophes and weather events costing at least $1 billion reached 23 in 2023, eclipsing the record of 22 set in 2020, according to the National Oceanic and Atmospheric ...
AI: The Claims Industry’s Biggest Challenge and Opportunity for 2024
The claims industry is navigating a lot of change right now in the face of inflation, growing climate volatility and an ongoing talent shortage, but of all the disruptive factors, Lemonade's Chief ...