From blockchain’s early years, the insurance industry has grasped the potential advantages of a distributed ledger system that ensures consistency of data across a network. Many insurers were quick out of the starting blocks with distributed ledger technology (DLT) pilots and proofs of concept to experiment with its potential as a disruptive technology. Yet unrealistic expectations about how quickly and easily…
After a yearlong regulatory traffic jam, Congress will try one more time to create a bipartisan bill on self-driving cars and is calling for help from industry stakeholders to draft it. “The House Committee on Energy and Commerce and the Senate Committee on Commerce, Science, and Transportation are working on a bipartisan and bicameral basis to develop…
Based on a global survey of over 6,600 business and IT executives, Accenture earlier released Technology Vision 2019. With insurers comprising almost 10% of those surveyed, it was confirmed that the industry knows it needs to keep up in order to stay relevant in the post-digital era. Digital hasn’t disappeared; it’s the new baseline. What we call the ‘post–digital’ era is not a time when digital has run its course—on the contrary, most…
The great debate this year involving self-driving cars has been whether the new technology will completely disrupt or present new opportunities for the auto insurance industry. First came the news of a brand new insurtech entering the market in late January. Avinew is the brainchild of venture capitalist and entrepreneur Dan Peate, who wanted to…
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