Tag: insurance
LONDON (Reuters) – The World Economic Forum is bringing insurers, tech firms and governments together to find ways to tackle risks from new technology such as drones and driverless cars, it said on Thursday. Tech firms have moved fast to develop new products, but assigning liability – who is responsible for any accidents or losses […]
LONDON (Reuters) – Insurers are counting on real-time technology to help them cut back payouts, from a system warning ships of nearby pirates to an app offering to buy sleepy drivers a coffee on the motorway. The lure of products promising to save on claims in a highly competitive market has led to a leap in […]
LONDON (Reuters) – Banks are increasingly turning to insurance to protect their capital from “operational risks” like cyber attacks and rogue traders, and insurers say they can help safeguard lenders by providing an extra layer of expertise. After a spate of expensive court cases and IT outages, banks including Credit Suisse, Deutsche Bank and Lloyds […]
(Reuters) – Apple Inc is working with Cisco Systems Inc to help businesses that primarily use gear from both companies to get a discount on cyber-security insurance premiums, Apple Chief Executive Officer Tim Cook said on Monday. Sharing a stage with Cisco CEO Chuck Robbins at a Cisco event in Las Vegas, Cook said the […]
LONDON (Reuters) – Britain plans to introduce new insurance rules to ensure victims of accidents involving self-driving cars are compensated quickly in a bid to remove a major obstacle for the nascent industry. The introduction of self-driving cars has been hampered by legal hurdles in several countries as insurers and legislators try to establish who […]
NEW YORK (Reuters) – Twice a day, Scott Ozawa’s Bluetooth-enabled toothbrush tells his dental insurer if he brushed for a full two minutes. In return, the 41-year-old software engineer gets free brush heads and the employer which bought his insurance gets premium discounts. The scheme, devised by Beam Technologies Inc, is just one of the […]
(Reuters) – The on-demand economy, which uses smartphone technology to immediately fill consumer needs, has changed the way people order food, a car, or a place to stay. Now, technology startups are targeting the next business frontier – insurance – offering coverage with the swipe of an app. Trov, a San Francisco Bay Area firm […]
ZURICH (Reuters) – When people take to Twitter to comment on the great evening they enjoyed with good food and wonderful friends, reducing their monthly insurance bill is probably the last thing on their mind. But such tweets could help insurers to price premiums for individuals, with research suggesting a direct link between positive posts […]
The insurance industry is adjusting its offers on health, cars, the sharing economy and other services because of the growing amount of personal data becoming available. Zurich Insurance’s CTO Robert Dickie told EurActiv.com Editor Frédéric Simon in this interview that big data is changing the way insurance works and making the industry more competitive. The emergence of […]
BOSTON (Reuters) – A rash of hacking attacks on U.S. companies over the past two years has prompted insurers to massively increase cyber premiums for some companies, leaving firms that are perceived to be a high risk scrambling for cover. On top of rate hikes, insurers are raising deductibles and in some cases limiting the […]
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