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10 Wearables Totally Changing the Medical Industry

10 Wearables Totally Changing the Medical Industry | Insurance Technology | Scoop.it
These 10 medical wearables are about to significantly impact the future of breast cancer, smoking and more.
Dwight Holcomb's insight:
I call this BioHealth Telematics.
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Tesla driver killed in crash while using car's 'Autopilot'

Tesla driver killed in crash while using car's 'Autopilot' | Insurance Technology | Scoop.it
The U.S. announced Thursday the first fatality in a wreck involving a car in self-driving mode, the 40-year-old owner of a technology company who nicknamed his vehicle "Tessy" and had praise
Dwight Holcomb's insight:
The first death while in autonomous mode. There will undoubtedly be case law that will come from this first incident, which will set a legal & liability precedent for autonomous vehicles.
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Global and Chinese Automotive UBI (Usage-based Insurance) Industry Report, 2014-2017

Global and Chinese Automotive UBI (Usage-based Insurance) Industry Report, 2014-2017 | Insurance Technology | Scoop.it
Usage-based insurance (UBI) is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior...
Dwight Holcomb's insight:

High auto insurance costs in China are driving a shift to UBI & Telematics.

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Smartest house on the block: Home telematics and their window for insurers

Smartest house on the block: Home telematics and their window for insurers | Insurance Technology | Scoop.it
Insurers must meet the challenge of capturing sufficient amounts of exposure data to complete an analysis.
Dwight Holcomb's insight:

It is estimated that 50% of all U.S. homes will utilize IoT within the next decade.

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Apple Has Hundreds Working On An Electric Car Design, Says WSJ

Apple Has Hundreds Working On An Electric Car Design, Says WSJ | Insurance Technology | Scoop.it
Apple is indeed working on a car, according to the Wall Street Journal. The Mac maker kicked off a top-secret project tasked with developing an electric car..
Dwight Holcomb's insight:
Apple is officially in the electric car business.
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Auto insurance telematics market is growing quickly - Live Insurance News

Auto insurance telematics market is growing quickly - Live Insurance News | Insurance Technology | Scoop.it
auto insurance companies. This technology is used to track consumer information and is becoming a valuable tool for auto insurers looking to offer new
Dwight Holcomb's insight:

Usage-Based Insurance policy sales are expected to see an 80% compound annual growth rate over a 5 year period.

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Is the Future of Insurance in the Internet of Things? | PropertyCasualty360

Is the Future of Insurance in the Internet of Things? | PropertyCasualty360 | Insurance Technology | Scoop.it
Celent report addresses the IoT and its impact on P&C Insurance in value chain, product design, pricing, underwriting, service and claims
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Telematics for insurance

IBM offers a comprehensive solutions portfolio that helps insurance companies integrate big data and analytics capabilities into their telematics strategy.
Dwight Holcomb's insight:

IBM is now in the telematics game.

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Surgeons use 3D-printed heart to save life of 2-week-old baby

Surgeons use 3D-printed heart to save life of 2-week-old baby | Insurance Technology | Scoop.it
A 2-week-old baby underwent surgery for a congenital heart defect, thanks to a 3D-printed model, the News-Times reported.
Dwight Holcomb's insight:
3D printing in medicine is starting to make an impact.
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If You Want IoT, You Need the Cloud

Experts at Boston's Connected Cloud Summit argue that the cloud and the Internet of Things are necessarily intertwined.
Dwight Holcomb's insight:

The Internet of Things (IoT) and the Cloud are interconnected technologies.

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Insurers Ready to Ask for More Telematics Data | Insurance & Technology

Insurers Ready to Ask for More Telematics Data | Insurance & Technology | Insurance Technology | Scoop.it
Carriers expect usage-based insurance programs to incorporate more real-time data, requiring major investments in analytics, infrastructure and CRM.
Dwight Holcomb's insight:

Carriers want telematics at a growing rate.

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Telematics Data Can Earn Insurance Discounts For Fleets - Business Solutions Magazine

Telematics Data Can Earn Insurance Discounts For Fleets - Business Solutions Magazine | Insurance Technology | Scoop.it
Telematics Data Can Earn Insurance Discounts For FleetsBusiness Solutions MagazineAnd while there is an initial cost to install such technology, the return on investment (ROI) in insurance premiums savings can far outstrip that cost.
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Discovery Limited Inks Pact with Cambridge Mobile Telematic

Discovery Limited Inks Pact with Cambridge Mobile Telematic | Insurance Technology | Scoop.it
Global insurer Discovery Limited has reported a strategic partnership deal with Cambridge Mobile Telematic. In its release, Discovery Limited said that this deal will further bolster the current productive relationship between its auto- term insurance arm, Discovery Insure, and CMT. Adrian Gore, Chief Executive Officer of Discovery Limited, said, "This...
Dwight Holcomb's insight:

Telematics is making a greater impact on premium pricing and helping to reduce the number of accidents.

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Vizzion: Detecting Weather Events with Traffic Cameras

Vizzion: Detecting Weather Events with Traffic Cameras | Insurance Technology | Scoop.it
Vizzion, the worldwide aggregator of traffic cameras, is launching a new weather analytics service leveraging their global network of nearly 40,000 live cameras. The system detects poor visibilit...
Dwight Holcomb's insight:
The leveraging of traffic cameras to predict weather.
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Has the UK UBI Market Reached its Ceiling Already?

Has the UK UBI Market Reached its Ceiling Already? | Insurance Technology | Scoop.it
The Usage-Based Insurance (UBI) market’s slowing growth in the UK is a stark reminder that the concept of telematics insurance is far from mature
Dwight Holcomb's insight:
A look at the UBI trends, comparing the growth in UK to other markets.
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What happens if workers don't want telematics? - Telematics.com

What happens if workers don't want telematics? - Telematics.com | Insurance Technology | Scoop.it

Telematics has a number of important uses for fleet managers, end users and insurers and more and more people and companies around the world are adopting the technology to realise those benefits. However, not everyone likes the idea of it and sometimes workers specifically don’t want to be tracked by their employers at every hour of the day. But what happens when they don’t want it implemented so much that they threaten to strike over it? That’s exactly what happened in… read more →

Dwight Holcomb's insight:

Privacy concerns are a growing concern in all areas of telematics and UBI.

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10 Wearables Totally Changing the Medical Industry

10 Wearables Totally Changing the Medical Industry | Insurance Technology | Scoop.it
These 10 medical wearables are about to significantly impact the future of breast cancer, smoking and more.
Dwight Holcomb's insight:
I call this BioHealth Telematics.
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Homeowners' insurers increasing their usage of predictive modeling - PropertyCasualty360

Homeowners' insurers increasing their usage of predictive modeling - PropertyCasualty360 | Insurance Technology | Scoop.it
Verisk Insurance Solutions survey shows that analytics are no longer just for the Auto market. Homeowners' insurers using external data for risk selection and pricing.
Dwight Holcomb's insight:
Once IoT becomes more prevalent, IoT devices in the home will be used in rating, which will drive down the cost of homeowners premiums.
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How a "connected" car could save you money - CBS News

How a "connected" car could save you money - CBS News | Insurance Technology | Scoop.it
DOT studies indicate that 83 percent of crashes will be avoided through the use of connected vehicle technology
Dwight Holcomb's insight:

Getting the the 83 percent crashes avoided is going to require a greater level of connectivity than just monitoring.  Usage-Based Insurance (UBI) which monitors driving behavior using telematics is one thing, but having the vehicle communicate with the outside environment is a completely different level of where telematics will progress.

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The Model D Is Tesla's Most Powerful Car Ever, Plus Autopilot | WIRED

The Model D Is Tesla's Most Powerful Car Ever, Plus Autopilot | WIRED | Insurance Technology | Scoop.it
“This car is nuts. It’s like taking off from a carrier deck. It’s just bananas,” said CEO Elon Musk. Tesla’s next car, the P85D, will have two motors and all-wheel drive.
Dwight Holcomb's insight:
Tesla is the company to watch.
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Internet of Things: A bane or boon for insurance sector? | THE FUTURE OF COMMERCE

Internet of Things: A bane or boon for insurance sector? | THE FUTURE OF COMMERCE | Insurance Technology | Scoop.it
There is increasing evidence that the Internet of Things will definitely have an impact on this industry. But how?
Dwight Holcomb's insight:
IoT is going to have a large impact in ways we cannot even currently predict. How it will affect insurance is no exception.
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AT&T makes cloud bond with Amazon Web Services - FierceTelecom

AT&T makes cloud bond with Amazon Web Services - FierceTelecom | Insurance Technology | Scoop.it
AT&T has added Amazon Web Services (AWS) as another provider it can give its customers access to via NetBond, a technology that allows the service provider to work with its enterprise customers' cloud services.
Dwight Holcomb's insight:

An interesting match between AT&T and AWS.

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Widespread vehicle technology, telematics pressure brokers to reinvent - Canadian Underwriter

Widespread vehicle technology, telematics pressure brokers to reinvent - Canadian Underwriter | Insurance Technology | Scoop.it
Canadian Underwriter Widespread vehicle technology, telematics pressure brokers to reinvent Canadian Underwriter However, they are still up against technology, including rate comparison websites, so brokers will have to be extremely proactive, he...
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This Clever Marketing Campaign Reversed Coke's 11-Year Decline in Soda Sales

This Clever Marketing Campaign Reversed Coke's 11-Year Decline in Soda Sales | Insurance Technology | Scoop.it
'Share a Coke,' in which bottles were personalized with popular names as well as terms of endearment, is credited with increasing Coca-Cola sales for the first time in over a decade.
Dwight Holcomb's insight:

Curated marketing will become critical for organizations to reach their target audience as technology continues to be led by consumers demanding that companies deliver a more  personalized experience to win their business.

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Leading global insurer expands partnership with innovative telematics ... - PR Newswire (press release)

Leading global insurer expands partnership with innovative telematics ... - PR Newswire (press release) | Insurance Technology | Scoop.it
DestinyMan
Leading global insurer expands partnership with innovative telematics ...
Dwight Holcomb's insight:

Telematics continues to grow & evolve, gaining greater acceptance in the insurance industry.

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