At 11eight we are passionate about learning. By sharing our insights and perspectives and encouraging constructive debate, we can help corporates and start-ups and emerging growth businesses to make the world better. We also share exciting propositions and the journeys of some of the start-ups we work with. You can find our stories about inspirational females in the start-up ecosystem here.
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Impact of AI on Insurance
Cover Genius marches on
More on Tesla’s Insurance
Will Embedded Insurance lower distribution costs?
Thought leader Matteo Carbone doesn’t subscribe to the view that the model will have “low or negligible distribution costs”…
The role of data portability in telematics
Is there a role for a telematics telematics exchange, focussing exclusively on data management, data normalization and standardization? A well-managed exchange could help provide insurers
Allianz X acquires simpleinsurance
Allianz X, the digital investment arm of insurance giant Allianz, is to acquire embedded insurance pioneer simplesurance GmbH.
How technology will redefine the car insurance business model
Like most industries, technology is dramatically impacting car insurance - with those impacts being felt across the entire value chain…
Apple introduces crash detection
At its launch event a few days ago, Apple announced a new feature: Crash Detection. Apple's latest Apple Watches and iPhones can detect if you are in a severe car crash thanks to Crash Detection. It is reported that it will automatically…
CMT launches DriveWell Crash and Claims
Really interesting product recently launched by Cambridge Mobile Telematics - DriveWell Crash & Claims. The telematics solution for auto insurance claims. The CMT’s AI-driven DriveWell® platform can detect car crashes from sensor data, auto insurers can proactively help customers with…
Zego solution reduces motor claims
Some good data here on how telematics insights can support claims savings - and no doubt personal injury.
Fleets of delivery drivers participating in Zego’s Risk Management Academy have seen a fall of
State Farm invest in ADT
State Farm has announced a $1.2 billion equity investment in ADT This gives State Farm 15% share of ADT. The partnership provides State Farm with a platform to apply Smart Home technology to home insurance…
Are insurance regulators turning their eye to data ethics?
Insurers in Australia and New Zealand, like insurers across the world, continue to invest heavily in data and analytics to drive business outcomes. Risk selection - pricing and underwriting - has attracted a lot of attention. But this energy also goes into everything from marketing to claims - eg fraud. This drive to find more ways "to make money" and "serve customers" has sometimes lead to…
Zego & QBE partner on fleet risk solution
Commercial motor insurer, Zego, has partnered with QBE Insurance. The partnership is looking to deliver tech-enabled, behaviour-led fleet insurance products. QBE will initially underwrite Zego’s behaviour-led fleet product which makes use of…
EV charging stations - the petrol stations of the future?
EV Charging stations - very likely the petrol stations of the future. Surprises me that there is not a bit more of a battle on to own this space. Noteworthy that Australia’s largest motoring groups have…
Asleep at the wheel?
If you are a car insurer, and you are not taking note of what some of the auto-manufacturers are up to - you should be. Tesla's, Ford Motor Company and are all active…
Exciting CDR Opportunities
The 11eight team had some fun working with the Jill Berry and the Adatree team on some of the exciting opportunities to better service insurance customers by leveraging CDR data. We are doing a lot of work in this space - including with non-insurers. There are many more opportunities…
Q2, 22 Insurtech funding update
The latest findings on #insurtech investment activity from Gallagher Re. InsurTech is showing signs of a small recovery, with Q2 funding up 8% on the prior quarter as total disclosed global InsurTech funding for the quarter reached an impressive…
Agile - A cautionary tale
A cautionary tale about a traditional, large corporate making the shift to “agile”. The tale is not unique to ANZ. Well worth a read - including the discussion it generated on linkedin!
Connected car data gives powerful insights
Super interesting report by Cambridge Mobile Telematics highlighting some stark divergences in risk profiles for EV drivers. According to the report drivers of EVs are more likely to…
Speed drives claims satisfaction
Some useful insight's here around customers satisfaction and expectations of insurance claims handling. 70% of insurance policyholders said they were either satisfied or very satisfied with…