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Insurers Should Actively Monitor Automated Driving Technology Developments

Automated technology will bring both new challenges and new opportunities for insurers. Although insurers may face the challenges associated with a shrinking market where manufacturers absorb more liability risk, insurers also have new opportunities. For example, such opportunities include new and innovative ways to develop joint partnerships, like Japan’s Toyota Motor Corp’s and Aioi...

Insurers Aim to Use New Technology To Make Cars “Marketing Machines”

Modern cars capture vast amounts of information about drivers through various computer technologies, tracking where drivers are going, when, and how they are driving. A new study from McKinsey and Company suggests that the future of car insurance lies in harnessing that data: by collecting and analyzing data collected from drivers, car insurers could turn the car into a “marketing...

10 Tech Trends Automakers And Insurers Need To Watch

A Law360 article by Sutherland’s Mike Nelson examines new trends arising from the autonomous technological boom, including expansion of big data and a shifting liability scheme. Click here for ten developments that auto manufacturers and insurers should monitor over the next five years. (Subscription required.)

The Potential Value of Telematics in Insurance Claims Handling

Through vehicle telematics, data on a wide variety of driving behaviors (acceleration, deceleration, braking, and more) can be obtained through the vehicle’s engine control units (ECUs). Such data is already being used by insurers in pricing and underwriting, but the new frontier for telematics could be claims handling. According to Donald Light, the director of Celent’s...

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