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The Gamification of Driving Insurance #CES2017
The gamification of driving insurance is one way to describe Liberty Mutual Insurance’s new apps. Intended as a way to provide rating of the actual driving habits of a prospective customer, Highway Hero does so by making a game of driving. With things like leaderboards and badge that allows one to compare metrics with other drivers,…
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From Dumb to Smart IoT Gas Cooktop
It is unsettling to be 50 miles from home and realize that you may have left on the gas stove-top. This isn’t an irrational fear, as, according to the National Fire Protection Association, ranges or cooktops accounted for 62% of the 161,000 home structure fires from cooking equipment in the 2010-2014 period. The founders of…
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The IoT Water Leak Insurance Plan
“We are making insurance tangible,” says David Henry of Roost in the above interview. Henry was speaking to the approach that some insurance companies are taking of bundling Internet-connected devices that detect, alter and prevent accidents. With an average of 14,000 water damage incidents a day and billions paid in claims each year, this preventative strategy makes…
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Cyber Insurance in Less Than 5 Minutes
“Cyber insurance has made great strides in the last 20 years and we now have a mainstream product,” explains Rudy Johnson, president of R.V. Johnson Insurance. In the above video, filmed at the historic Seminole Inn in Indiantown, Florida, Johnson describes an application form that, for companies with less than $100M in revenue, is only one…
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Managing Risk for New Services #Summit21
“Once you are given the responsibility to protect and manage [somebody’s else’s data]…you need to make sure you are taking all the necessary steps to protect your customers and your clients,” says Stephen Gorman of The Hartford in the above interview. Gorman was referring to the idea that service providers need to account for the security…
