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Idea Light Bulb

A recent survey from Consumer Intelligence found that almost one in ten people (9%) are interested in how the connected home could reduce their insurance premiums through sharing data on perils such as flood and theft.

When asked if they would have any concerns about the need to share information with a central hub/computer for this to work, over two thirds (67%) said no. With those aged 18-24 least likely to be

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Lack of trust in telematics hampering potential

After a survey found only 8% of respondents had received any communication from insurers about adopting telematics-based insurance to help reduce premiums, Fairer Finance’s James Daley said “telematics still doesn’t seem to be fulfilling its potential”.

Q&A: Simon Axon, Teradata

Simon Axon, global financial services industry director at Teradata, explains how general insurance providers are lagging behind banks in making the most of their data and why Amazon’s style of operating should inspire boards to back investment in digital transformation.

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