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Data has always been a core asset for the insurance industry. Understanding and calculating risk depends on accurate and timely data as well as the skills to manage it. As increasing numbers of the objects that we interact with on a daily basis become "smart" through the use of sensors and transmitters, the potential sources of data that insurers can draw on to better estimate … [Read more...] about LexisNexis Risk Solutions – helping the insurance industry innovate with data

Telematics solutions for the motor insurance sector are not new. Tracking driver behaviour through black boxes to better manage risk, particularly for younger drivers, is a fairly well-established practice. However, the stakeholders involved in the value chain are diverse; car makers, OEMs, insurance underwriters, brokers and the drivers themselves. Launching a new technology … [Read more...] about ThingCo – driving change for motor insurers

The costs of car ownership, both to vehicle owners and the environment, are substantial. Most cars sit idle in driveways, on streets and in car parks for the vast majority of the day. Karshare is an innovative startup making it easier and cheaper for non-owners to rent a car and owners to earn passive income from their vehicles. Based in Bristol, the company is rolling out to a … [Read more...] about Karshare – bringing the sharing economy to cars

Nasdaq has released its annual Tech Trends report which predicts which technlogies will drive markets over the next 12 months. Nothing terribly surprising in their list of 4 key technologies but their commentary provides a useful context to what is happening. They see the 4 biggest tech trends this year as: Custome chips; Edge cloud; Data sharing; Saas in the cloud. In terms … [Read more...] about Nasdaq predicts tech trends for 2021

Alongside the digital marketing revolution of the last 20 years has been a corresponding transformation of revenue models. The internet is both a channel for reaching customers directly and a generator of data from those transactions which can be used to improve targeting and the relevance of marketing messages. We are now entering an era of hyper-personalised marketing where … [Read more...] about Zephr – using data to drive hyper-personalisation and the subscription economy