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Auto Insurance: Slow Death or Successful Adaptation?
Better tech. Lower risk. Fewer collisions. All these great advances just might lead to significantly less premium revenue. What’s an insurer to do? Okay, to be clear, reducing injuries, damages and fatalities is great news, and if autonomous vehicles can do that (as it seems they soon will!), we owe them a big thank you. […]
Continue readingWhat to Expect from the Next Wave of InsurTech
This October at the MGM Grand Las Vegas, the 2018 InsureTech Connect conference explored the future of the industry. Because the future is here. That’s according to Oliver Wyman, the presenting sponsor at this year’s digital innovation summit, the world’s largest devoted to insurance tech. Silvervine Software was excited to join over 6,000 delegates from […]
Continue reading10 Digital Auto Trends Impacting the Future of Insurance
What’s new for cars, digitally speaking? Below are 10 new trends that may impact you personally – in the way you buy, drive and maintain your car, and professionally in the way you underwrite your auto insurance book. Move over cameras: here comes high-res radar. When it comes to features like automatic braking, cameras are […]
Continue readingFuture of Insurance: What to Do When Disaster Becomes Routine
When it comes to health coverage, most Americans agree that pre-existing conditions should never prevent a person from accessing the medical care they need. But what about other kinds of insurance coverage? What about pre-existing conditions in P&C? Admittedly, it’s a bit strange to put it in these terms – still, this is a question […]
Continue readingWhat Does it Take for InsurTech to Become Mainstream?
We’ve written a lot over the years about autonomous vehicles, and so far, hopes have been high for the most part. But this month at Forbes, Gartner Research Director Mike Ramsey noted a change: “Autonomous vehicles have plunged into the Trough of Disillusionment!” Chalk it up to growing pains.”Hype is still relatively strong, but it isn’t […]
Continue readingAmazon and Homeowners Insurance: Can it Work?
It started with books. Then it added simple convenience offerings, shipping discounts and the like. Ten years after its founding, the company took a gamble on cloud computing, staking an early claim that escalated to Internet infrastructure dominance. Within a few years, it was selling eBooks, music, video and more – and its market capitalization […]
Continue readingHow P&C Insurance Must Adapt to a Sharing Economy
When you want a car, you’ve got a choice: buy or lease. At least, that’s the choice you used to have. These days, people “are no longer restricted to traditional car buying and leasing methods,” said Kyle Hatt at Roadshow. There’s now a third option. Vehicle subscription services are here. If you already have an online subscription […]
Continue readingSelf-Driving Car News Roundup: Insurance Rates, Declining Claims & More
So, what’s happening with autonomous vehicles lately? Buckle up, because it’s time for another news roundup. Questions remain about individual insurance premiums. According to a report by the Casualty Actuarial Society’s Automated Vehicles Task Force (CAS AVTF), it’s high time to consider how autonomous vehicles will affect the premiums that individual drivers pay for insurance. “Quantifying this […]
Continue readingHow Four New Internet Developments May Impact the Insurance Industry
The insurance industry is increasingly digital, but is it ready to capitalize on these four Internet developments?
Continue readingCyber War: Insurers Are Under Attack
Insurers are hit with an average of 113 cyberattacks per year. One-third succeed. Find out why insurers are under attack & how to be vigilant in the cyber war.
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