Blockchain technology is "revolutionary" for a lot of industries, including insurance. Thats according to the Blockchain in Insurance: Progress and Plans report from SMA partner Mark Breading, released this month.
A "hands-on" approach at Park Ridge Health Center in Fletcher, N.C. now matches a registered patients palm to his or her medical records. This new technology is being implemented in health centers to reduce potential insurance and identity fraud.
Stories abound of how social media has opened an entirely new channel of communication for scammers willing to commit fraud, but insurance companies are increasingly turning the tables by using social media to detect fraudulent claims.
CAT devices sense other road users and intervene if the system detects possible crash conditions and are integrated in many newer vehicles, but what about older vehicles and fleets? To address this problem, the recent study examined how drivers react and feel when using aftermarket CAT devices.
Imagine a car accident: You pull out in front of another driver who clearly had the right of way, causing him to run into you. Typically, this would be an obvious case for the insurance company, but one thing is different: Youre driving an autonomous car and arguing that you are not at fault for the accident.
After disrupting the taxi industry, ridesharing and other mobility services are beginning to disrupt the automobile and transportations industries as well. Among generations, millennials are leading the shift to mobility services, according to a new report.
One local Texas state senator wants to put an end to the wide-range of rules in Texas for ridesharing. Charles Schwertner (R-Georgetown) filed a bill Monday -- the first day of filing for the 84th Legislative Session -- to create a consistent regulation of services like Uber and Lyft across the state.
Risk Toolbox (Parsippany, N.J.) announced at ACORD 2016 in Boca Raton, Fla., that it has published more than 200 pages of certificate-of-insurance (COI) related information on its website in order to provide a compliance resource for carriers, agents and brokers.
The events of Oct. 21, 2016 have sobering implications for the future of insurance IoT, but that shouldnt dissuade insurers from preparing to exploit the opportunity.
Five European insurers and reinsurers have formed an alliance to explore blockchain technology in the industry. Aegon, Allianz, Munich Re, Swiss Re and Zurich announced the Blockchain Insurance Industry Initiative, B3i, this week.
Threat or opportunity for the insurance industry? Wherever you stand on the issue of insurtech, there is no denying that innovations are coming and that insurers and brokers alike need to be on top of the changes or risk being left behind.
As cars become more and more connected, news coverage of high-tech car theft has unsurprisingly begun to alarm consumers, automakers, and insurers alike.
With self-driving cars, the giant global auto industry is careening toward unprecedented disruption as its 100-year-old business model is turned completely inside out.
From the invention of the phonograph to long-playing records, eight-track tapes, compact discs, and MP3s, weve experienced music by owning it. We bought it, organized it, and chose what to play.