Pay-per-mile auto insurance start-up Metromile announced earlier this week that it had secured $90 million in a round of funding led by insurance industry titans Tokio Marine Holdings and Intact Financial.

Aon has launched the latest edition of its “2018 Global Insurance Market Opportunities” studies, discussing blockchain and how the insurance industry can fully utilize it.

The National Safety Council reported a 14% increase in fatal auto accidents between 2014 and 2016, reaching the highest total since 2007. More accidents lead to more insurance claims, and thereby more payouts from insurers.

For most technologists, blockchain is the future. While this new technology can be confusing to the layman, it has the potential to disrupt much of what we know about the digital world.

Amid a wave of sump pumps, backwater valves and other methods designed to keep home basements dry comes a new, simple way to mitigate flood risk — an e-sensor.

The global blockchain in insurance market is projected to grow from 2018’s US$64.5 million to US$1.393.8 million by 2023, a compound annual growth rate of 84.9%, according to a new study from ReportLinker.

In a 2017 report titled “Drones: Reporting for Work,” Goldman Sachs estimated the addressable market opportunity for drones globally between 2016 and 2020 to be $100 billion, of which the insurance claims drone market was estimated to be $1.4 billion.

Auto insurers are in the middle of a perfect storm. Performance is suffering as more sophisticated vehicles are proving costlier to repair. Rate increases, designed to help fund innovation and bring combined ratios closer to 100, will be tough for consumers to absorb when we consider inflation-adjusted wage growth has barely hit double digits in the last 40 years.

Hippo, the California-based insurtech company that is transforming home insurance for savvy homeowners, experienced substantial growth the past year as homeowners demand a reimagined way insurance is developed, bought, and serviced.

Count Paul Snyder among those who believe distraction, more than vehicles themselves, is responsible for the increase in pedestrian fatalities.

Insurance drone use has been taking off — so to speak — with each new hurricane season. This year has been no exception. Every year, the tech proves itself in terms of improved safety for claims adjusters while simultaneously lowering costs.

The best plotlines in fiction are often based on reality, giving them a scary edge and chilling ring of truth. One such plotline was the subject of Showtime’s “Homeland” series: the fictional Vice President of the United States dies of a heart attack triggered by cyberattackers who hacked into his pacemaker.

The Institutes’ RBA Alliance, an insurance-focused blockchain consortium, has made two key technology-partnership selections that will help its carrier and broker members leverage the emerging technology.

Across industries, digital transformation and cloud migration are forces to be reckoned with. Insurance is no exception. As an industry accustomed to operating on legacy technology, insurers should approach the cloud migration process judiciously.

Insurance technology firm Trōv has launched its first on-demand insurance policy in the United States, offering coverage for single items in the state of Arizona. The company has plans for additional US roll-out later in the year.