06 mai 2017

Google, Amazon eye car insurance

Google, Amazon eye car insurance The move into car insurance by tech giants - just when the industry faces the problem of a shrinking risk pool - was the topic du jour at a recent insurance industry gathering in Florida’s Boca Ratan. The conference delegates concluded that car technology and shared mobility is creating massive opportunities for disruptors to capture 20 per cent of the US$400 billion global car insurance market by 2020. Data analytics and consumer experience are key to the future of auto insurance, according to... [Lire la suite]
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03 mai 2017

Telematics trends in the UK

Telematics trends in the UK Usage of telematics is growing quickly in the UK, targeting young drivers and addressing some of the issues created by the new EU gender directive. What is telematics insurance? Telematics insurance requires the installation of a device on the vehicle, commonly called a “Black Box”. This device communicates with on board instruments to monitor a series of parameters like hours of the day when the vehicle is driven, the distance driven, they type of roads where the car is driven and the speed of the... [Lire la suite]
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22 avril 2017

Telematics trends in the UK

Telematics trends in the UK Usage of telematics is growing quickly in the UK, targeting young drivers and addressing some of the issues created by the new EU gender directive. What is telematics insurance? Telematics insurance requires the installation of a device on the vehicle, commonly called a “Black Box”. This device communicates with on board instruments to monitor a series of parameters like hours of the day when the vehicle is driven, the distance driven, they type of roads where the car is driven and the speed of the... [Lire la suite]
17 avril 2017

Newspapers write about the connected car solution for fleet and insurers : SafetyNex (by NEXYAD)

Newspapers write about the connected car solution for fleet and insurers : SafetyNex (by NEXYAD) BIKER ANGEL : le projet R&D collaboratif reçoit le financement du FUI – Régions Par Hello Finance Team (A.B.) -   14 avril 2017 Fin mars 2017, les Ministres chargés de la politique des pôles de compétitivité ont annoncé les résultats du 23ème appel à projets du Fonds Unique Interministériel (FUI) – Régions dédié au financement de projets des pôles de compétitivité. 55 projets de R&D collaboratifs associant... [Lire la suite]
10 avril 2017

Usage-Based Insurance Market to Reach $123 Billion by 2022, Globally-Allied Market Research

Usage-Based Insurance Market to Reach $123 Billion by 2022, Globally-Allied Market Research According to a new report published by Allied Market Research, titled, "Usage-Based Insurance Market by Product Type (Pay-As-You-Drive Insurance (PAYD), Pay-How-You-Drive Insurance (PHYD), and Manage-How-You-Drive Insurance (MHYD) and Technology (OBD-II-Based UBI Programs, Smartphone-Based UBI Programs, Hybrid-Based UBI Programs, and Black-Box-Based UBI Programs): Global Opportunity Analysis and Industry Forecast, 2014-2022," the global... [Lire la suite]
08 avril 2017

27% Would Buy Car Insurance from Apple, Amazon and Google

27% Would Buy Car Insurance from Apple, Amazon and Google 15. Mar, 2017 Categories: News, Weekly Roundup by News Desk Comments Off on 27% Would Buy Car Insurance from Apple, Amazon and Google Well known brands such as Apple, Amazon and Google make billions every year, but could they enter the car insurance market? Possibly… Some people in the UK would buy car insurance from them anyway, with 27% of people admitting in a recent survey that if Apple, Amazon, or Google offered them a policy, they... [Lire la suite]
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27 mars 2017

How will Google, Apple shake up car insurance industry ?

How will Google, Apple shake up car insurance industry ?    ar insurance industry, meet potential disrupters Google and Apple. Currently, nearly all mainstream insurers that offer driver-monitoring programs use relatively expensive devices that plug into a portal under the dashboard. Usage-based insurance programs, also called telematics, are a small but growing segment of the auto insurance business. Developing Android and iPhone smartphone apps, in contrast, would cut carriers' upfront costs... [Lire la suite]
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09 mars 2017

The New Paradigm of Connected Insurance

The New Paradigm of Connected Insurance Connected insurance represents a new paradigm for the insurance business. This new insurance approach is based on the use of sensors for collecting and transmitting data on the status of an insured risk and the deployment of big data capabilities that transform raw information into actionable knowledge along the insurance value chain. The insurance sector, which is considered to be fairly traditional and resistant to change, is currently being overtaken by this transformative paradigm.... [Lire la suite]
02 mars 2017

Can Amazon Dominate in Car Insurance, Too?

Can Amazon Dominate in Car Insurance, Too? In January 2013, LIMRA reported that 90% of industry executives it had surveyed believe that insurance companies will continue to form strategic alliances with “non-traditional organizations” to expand distribution. The example cited was MetLife’s trial alliance with 200 Wal-Mart stores. Then Accenture’s “Customer-Driven Innovation Survey” found that more than two-thirds of customers would consider purchasing home, auto and life insurance from businesses other than insurers—23% were open... [Lire la suite]
26 février 2017

Deep changes in the business of car insurance. Contribution of smartphone App SafetyNex in this global context

Deep changes in the business of car insurance. Contribution of smartphone App SafetyNex in this global context 1 - Role of the insurer The insurance idea would have appeared on the occasion of the first great journey by boat, and the appearance of "modern" insurance is generally dated from the 19th century. The principle of insurance is easy to understand : if accidents are rare (compared to the number of occurrences - travel, car trips, etc.), a simple and prudent idea then is to "put aside" a certain amount of money for each... [Lire la suite]
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