Water damage is one of the greatest threats to households in the US. It has more of an impact than fire and theft combined, and yet the vast majority of homes are not equipped to mitigate or prevent the damages that could occur.

The emergence of insurtech has reshaped the strategic insurance agenda. Here are the top 10 insurtech trends as we enter 2018.

It was last year that we first told you about Amazon’s plans to enter the insurance industry as it lined up staff for its European business. Now, it appears to be making further overtures towards the sector.

While self driving cars may be the direction the industry will be taking in the future, winter storms and snowy roads continue to be as much of a threat of auto insurance claims for those cars as the ones driven by people.

Just a few short years ago, drone flights and satellites were the things of science-fiction. Fast-forward to the present day, though, and these unmanned aircraft are playing an important role in crop insurance.

According to a recent report from Willis Towers Watson, insurtech funding skyrocketed during the second quarter of 2017, and claims management appears to be the next battleground for startups.

The Internet of Things (IoT) is a new concept for most people. The term, and the industry, have gained relevance through wearables like FitBit, and IoT’s presence in the home is slowly starting to become more mainstream (though the concept has been around for decades, especially in the industrial space).

Bitcoin (BTC-USD) is on fire. The cryptocurrency has jumped thousands of dollars in value in the past few weeks, and everyone seems to want to get a piece of that sweet, sweet pie. Including, naturally, cybercriminals.

There is a substantial business opportunity for insurers willing to learn about and underwrite nascent blockchain technology, says an account executive at The Axis Insurance Group in B.C.

A car crashes into a hydro pole. The driver takes pictures of the damage on a mobile device and sends the photos to the insurer through an app to start a claim.

Occupational injuries and illnesses are estimated to cost the United States as much as $250 billion a year. So cutting down on insurance costs in this area makes huge financial sense.

County manager Dena Diorio said Tuesday night that the hacker has essentially frozen the county’s electronic files. The hacker is seeking $23,000 for an encryption key that would release the files.

Product-related risk is one of the biggest perils facing businesses today, with recall exposures increasing significantly over the past decade, bringing the potential for larger and more complex losses than ever before, warns insurer Allianz Global Corporate & Specialty (AGCS) in a new report.

We live in a time of rapid technological change, and industries of all kinds are being disrupted across the globe. The exponential growth of new technologies has enormous potential to transform the way we do business and it’s having a major impact on the insurance industry.

Chat windows, faster policy statements, intuitive agent portals and robotic technologies are among the new generation of weapons insurers intend to use to compete with “born-digital” companies.