New Challenges on the Horizon: Autonomous Boating
QIS Quick Take: self-piloting boats and ships are coming soon—and insurers need to be on board. Only yesterday, the idea of self-driving cars and trucks was something out of a science fiction story. And then boom, it happened: Business Insider estimates that there will be ten million autonomous cars on the road by 2020, and […]
Challenge to Insurers: The Age of the Driverless Car
Quadrant Quick Take: To properly cover these vehicles—and the people inside them—the insurance industry needs powerful new big-data tools. And it needs them quickly. Two years ago, the U.S. secretary of transportation predicted that within a decade, self-driving cars would be common not only in the United States but all over the world. One year […]
Virtual Reality and the Insurance Industry
Quadrant Quick Take: Insurers use VR to train adjusters, underwriters, and loss control engineers—and create a safer future. Just a couple of years ago, virtual reality was considered to be a kind of toy for video game developers. Today, however, VR is being used by a wide range of industries, including insurance, where it’s helping […]
The Tech Transportation Transfer
Quadrant Quick Take: Insurers need to watch carefully as tech giants like Google and Intel move into the auto and trucking industries. In the fall of 2016, Intel Corporation announced its entry into the automotive industry, in the form of a two-year, $250-million investment by Intel Capital in autonomous, i.e. computer-controlled, driving technology. According to […]