Forget Apps, Messaging Bots Are What's Hot Right Now The robots are coming – to help run your life or sell you stuff – at an online texting service near you. In coming months, users of Facebook’s Messenger app, Microsoft’s Skype and Canada’s Kik can expect to find new automated assistants offering information and services at a variety of businesses. These messaging “chatbots” are basically software that can conduct human-like conversation and do simple jobs once reserved for people. Google and other companies are reportedly working on similar ideas.
Fleets’ future is hooking up to IoT | TU-Automotive Whether your rental or leasing agency calls your connected fleet “smart” or “intuitive” one thing is guaranteed: Europe’s rental and leased space is quickly riding into the sunset of automated, communicating and interactive cars. If your fleet’s not connected, you will soon fall behind the curve.
Fallout from Travelers CGL Cyber Ruling: Insurance Buyers and Sellers Beware Experts are cautioning both insurance buyers and sellers not to overreact to the recent federal court decision finding data breach defense coverage under a commercial general liability (CGL) policy. Buyers would be mistaken to think the ruling means that they do not need a cyber policy if they have a CGL policy and insurers might want to think twice before narrowing their general liability language to guard against cyber claims when the marketplace is clamoring for broader coverage.
UBI should be an easy sell on its own merits Insurers need to recognise the power of UBI as a service and stop assuming it should be discounted. That’s the opinion of Amodo’s CEO, Marijan Mumdziev, who sees growth potential for the technology based on wider customer demand for tailored telematics services. Speaking to TU-Automotive, Mumdziev admitted that many in the insurance industry have been disappointed by the poor penetration of UBI in the European markets but can be blamed on the marketing of the technology to prospective customers.
Software is Eating the Insurance Business In line with venture capitalist Marc Andreessen’s 2011 proclamation that “software is eating the world,” it may be appropriate to also add the corollary that “software is eating the insurance business.” That's the gist of a post from Matteo Carbone, principal at Bain & Company, who asserts that the insurance sector is undergoing a profound change. Digital transformation has become a major challenge for insurance companies all over the world.
Telematics - The Game Changer for Motor Insurance Do not miss the opportunity to attend the lecture of a leading expert in telemetry Matteo Carbone from the Italian Bain & Company at the 1st International Motor Insurance Conference in Sofitel Budapest Chain Bridge Hotel in Budapest, Hungary on 27 -29 April 2016!
My InsurTech Mental Framework Digital transformation has become a major challenge for insurance companies all over the world. In Italy, this transformation is exemplified by the adoption of vehicle telematics. According to the latest IVASS data, black box became an integral part of 16% of new policies and renewals during the third quarter of 2015. The insurance sector is now seeing the [...]
2016 insurance innovation trends In 2016, insurers will be investing in two macro areas,Connected Insurance and InsurTech, according to Bain & Company’s Matteo Carbone. Extract of the excellent Article of Matteo CARBONE They will be spurred on by the arrival of newcommers in the insurance value chain and bythe need for greater integration of user experience and data source; … Continue reading 2016 insurance innovation trends
Competing in an Age of Data Symmetry: Part 2 In 1983, Microsoft Word was introduced. It wasn’t the first word processor, and it isn’t the only word processor, but it quickly became a standard — a “given.” From a productivity standpoint, the first adopters of word processing certainly had advantages over the alternatives (typewriters and ball point pens). Today, however, we all use Word and [...]
Insurtech in Asia: Accelerating Insurance Innovation Welcome to this week’s post! This post explores some of the important developments in insurance tech in Asia and takes a step forward to identify actions that can accelerate the pace of insurance innovation in this region. At the Heart of Insurance Over the past 10 years of having been in the insurance industry in various senior executive roles, I've become truly passionate about insurance (I’m not BS-ing you, hopefully you’ll understand where I’m coming from by the end of the post!). At its core, insurance helps safeguard societies.