Breakthroughs in digital technology continue to transform and shape how, why and where consumers shop. Increasingly, they favor conducting commerce that does not require a human touchpoint. Practically every industry is spawning digital marketplaces – think Amazon, eBay, Etsy and Uber. The disruptions they trigger are fundamentally changing the industries themselves and the organizations within them. The […]
Tag Archives: insurance
Your Auto Insurance Score Could Be Costing You, Say Insurance Says
If you’re like most Americans, you’ve probably got a ballpark idea of your credit score. Although you might not be able to recite your three-digit figure from memory, you know what to expect when lenders take a look. Say Insurance is betting, however, that you don’t know about another three-digit score with a similar impact […]
Are AI and Big Data the Economic Levelers We’ve Been Looking for?
For all of the “isms” supposedly being felled by enlightened Americans, the U.S. economy remains stunningly unfair. Take racism. On one hand, interracial marriages have grown fivefold in the 50 years since Loving v. Virginia, which legalized the practice. On the other, the average median household wealth of African-Americans declined by 75 percent between 1983 […]
Will We Someday Be Able to Do Everything Through Online Platforms?
In 2005, the average person never would have believed how social media platforms would completely transform the way humans interact. By 2010, that same person never would have dreamed that ride-sharing apps would overthrow the taxi industry within a few short years. Cue 2015, and that person — who had seen countless industries transformed by […]
Apple Watch to be sold alongside Aetna health insurance plans
The Apple Watch could soon be sold discounted or free to Aetna’s 23 million members, as a way to improve health outcomes and lower insurance costs, according to a CNBC report. Apple held a series of meetings with Aetna executives and hospital chief medical information officers, discussing the possibility of a plan that included the […]
6 ways that IoT is reshaping today’s insurance proposition
Ovum believes that the global insurance industry is entering a distinct phase of disruptive change driven by the Internet of Things (IoT). While the insurance industry has undergone significant technology-driven change in the last fifteen years, the basic insurance modus operandi has remained the same. However, as the industry enters this new phase, emerging IoT-based […]
Could IoT’s consumer data riches save insurers $6 billion a year?
A new partnership aims to harness insights from Internet of Things (IoT) devices to save insurance companies a passel. At the recent Consumer Electronics Show, ROC-Connect said it is partnering with CoreLogic to assist insurers in bringing IoT devices to market. ROC-Connect is a Silicon Valley-based firm that specializes in providing Smart Home as a […]
Roost wants to keep you from laying pipe all night long
Smart home supplier Roost has confirmed at the Consumer Electronics Show (CES) 2017 that its Smart Water Leak and Freeze Detector is now available for pre-order. The appliance aims to improve home safety by sending “up-to-the-minute” alerts to a homeowner’s smartphone on any water damages. Roost says the detector could save the consumers and the […]
Digital trust could be the key to ensure personal health data
The transition into the era of electronic health records and health wearables has resulted in a plethora of electronic patient information including dates of birth, home addresses, social security records, insurance details and medical data. This data is highly desirable on the black market. But there are ways to prevent the risk for fraud. I recently […]
Roost smart water leak detector should keep you drier, richer
Smart home startup Roost has announced its entry into the water leak detector market on Wednesday with a new product, the Smart Water and Freeze Detector. The new device, unveiled at CE Week in New York City, is able to identify a water leak and can also detect frozen pipe water damage, mold and mildew […]
IoT answers the tough question: “What’s my dog doing all day?”
With two-thirds of employees owning a pet, innovative organizations are beginning to look for extra benefits they can offer as incentive to attract and keep talented individuals, especially among millennials. One connected way to entice dog owners to your company comes from pet insurer Figo, who now offers a smart tracking system to take the […]
Liberty Mutual funds smart home IoT startup Notion
Internet of Things (IoT) startup Notion has raised $3.2 million in funding, provided by XL Innovate and Liberty Mutual Strategic Ventures. The funding comes two years after Notion started a Kickstarter to sell smart sensors that can track broken windows, water leaks, and unauthorized access to the house. Backers started receiving their sensors in February, though […]
Could autonomous cars destroy the auto insurance industry?
Autonomous car adoption worldwide is going to have a major knock-on effect on most industries that rely on humans driving cars. One industry that may see a severe downturn in revenue is the auto insurance industry, according to Berkshire Hathaway CEO Warren Buffett. The billionaire investor said to CNBC “anything that makes cars safer is very […]
Are insurance devices the next billion dollar IoT market?
Most pundits value the Industrial Internet of Things (IIoT) more than the consumer side — at least for the next ten years — and one of the most valuable markets might be smart insurance devices. Helium, a San Francisco startup, is attempting to capture that market before it becomes flooded with devices. It has launched […]