It seems there is no end to the uses of black-box technology. Norwich Union (NU) in association with IBM and Orange this year unveiled Pay-As-You-Drive based on a little black box that sends data in real time on where, how and when you drive.
NU argues this gives them a better understanding of the risks you are taking and thus a fairer rate. Now those NU boffins are considering using the technology in rating household policies. Apparently, little black boxes could be installed in homes, allowing remote activation of locks and alarms that would prove to NU that policyholders deployed their security measures.
Whatever next? Microchips in suitcases to prove tourists are heading for Majorca and not Iraq?
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
