Internet of Things – Page 71
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NewsAXA unveils broker tool to tackle underinsurance in mid-market
AXA has launched an online tool to help brokers calculate the business interruption risk for individual commercial clients. Tool will help firm tackled underinsurance in mid-market AXA BI calculator is web-based tool that assesses a businesses’ BI exposure Tool intended to support prompt claim settlement The ...
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NewsCSC completes Xchanging acquisition
Technology group CSC has completed its acquisition of insurance outsourcing firm Xchanging. The companies said the deal will “create a new leader in technology and business process services for the global insurance industry”. CSC also said the acquisition will put it “at the heart of the ...
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NewsNIG retains crown in Insurance Times e-trading survey 2016
NIG has once again topped the rankings as the best-performing insurer for e-trading. For the second year running, the SME-only, broker-only insurer has come top in a survey of 246 brokers, in the Insurance Times E-trading Broker Insight Report. For a full copy of the report ...
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NewsCarrot's telematics 'warning' initiative improves young driver behaviour
Telematics firm Carrot Insurance has used its telematics box to improve the driving behaviour of its young policyholders, director Ed Rochfort has said. The firm which won an award last year for reducing accident frequency by 42% among its young drivers, through a strategy of intervention ...
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NewsCharles Taylor launches insurance technology unit
Insurance services firm Charles Taylor has launched an insurance technology arm called Charles Taylor InsureTech. The new unit brings together more than 200 insurance technology staff to develop technology solutions for the global insurance market. The division will be headed by Jason Sahota as chief executive ...
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NewsVolvo to run self-driving car trial in London in 2017
Volvo is to start trials of autonomous cars on roads around London next year. “Autonomous driving represents a leap forward in car safety,” said Håkan Samuelsson, president and chief executive of Volvo Cars. “The sooner AD cars are on the roads, the sooner lives will start ...
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NewsNew phone app locks phones while driving
A new phone app that stops you checking your phone while driving could help cut motor insurance premiums. Employee tracking software company Romex already sells a similar app to the fleet sector, and is now developing it for the consumer market. The app uses the phones ...
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NewsInvestment in insurance tech start-ups triples to $2.6bn
Investment in insurance tech start-ups more than tripled last year. Investments in insurtech rose from $800m in 2014 to more than $2.6bn in 2015, according to data from management consultancy Accenture. While much of the money has come from traditional sources such as venture capital and ...
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NewsInnovation & Disruption 2016: live updates
The Insurance Times editorial team gives you a rolling update of events as they happen from The Crystal in London
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NewsMotorists do not trust driverless cars – survey
Most motorists do not trust the technology behind driverless cars, a new survey by motoring publication What Car? has found. Some 51% of respondents to the survey, published today, said they would feel unsafe or very unsafe behind the wheel of a self-driving car, while 45% ...
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NewsWatchstone rejects acquisition offer
Watchstone has rejected an ‘unworkable’ bid from a private company to buy all of its assets, excluding the actual and contingent liabilities. But the insurance technology firm has not ruled out further proposals from the company. In a statement the company said: ”Watchstone notes the recent ...
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NewsConnected cars vulnerable to hackers 'for a decade'
Connected cars will be vulnerable to hackers for a decade, according to leading tech security expert Eugene Kaspersky. Founder of Kaspersky Lab, the former Soviet intelligence officer told the Financial Times that today’s connected cars are “more safe but less secure”, because of their networked safety ...
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NewsCII urges industry to tackle lack of SME reputational cover
The CII is urging the industry to plug the gap in reputational risk cover for small-to-medium-sized enterprises (SMEs) in a new report. The report, by the CII insurance broking faculty’s New Generation group, details the growing threat of reputation damage being driven by advancements in social ...
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NewsModus launches home product on SSP
Managing general agency Modus has launched its Home Insurance Plus product on software house SSP’s platform. Home Insurance Plus is designed to cover a range of properties, property usage ad policyholders and provides coverage for buildings, contents and possessions. It is also available for homes of ...
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NewsWunelli launches user-installable telematics device
Telematics provider Wunelli has launched a user-installable telematics device that plugs into a car’s 12-volt cigarette lighter socket. Wunelli said the device is around 15% of the cost of a traditional hard-wired telematics device, but offers similar levels of accuracy and data quality. The company claimed ...
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NewsBeazley and Munich Re to launch cyber offering with broader cover
Beazley and Munich Re are planning to launch a cyber offering. The insurer and reinsurer will be offering tailor-made cyber policies with double the amount of coverage that was previously available. The policies will cover physical damage to property and bodily injury as well as more ...
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NewsRSG launches Lloyd’s-backed cyber-risk MGA
Ryan Specialty Group (RSG)’s underwriting division has launched EmergIn Risk, a London-based cyber-risk managing general agency (MGA). EmergIn Risk has secured an initial £20m of Lloyd’s capacity, which will allow it to offer global companies protection against exposure to system and network interruptions, data corruption or ...
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NewsWunelli’s Penny Searles launches telematics and insurance service
Penny Searles, co-founder and former managing director of telematics firm Wunelli, has launched a connected car service for used cars, which includes an insurance offering. Searles left Wunelli in May 2015. The new service, Smartdriverclub, is telematics based. Members are sent a device called the Smartplug ...
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NewsLloyd’s insurers told to provide figures on exposure to cyber claims
Lloyd’s central management division wants to assess whether syndicates can meet cyber claims
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News360Globalnet expands market reach of high-speed claims settlement tool
Technology harnesses the power of self-service on mobile devices
