But a 2016 PwC report found only 43 per cent of industry players say they have tech at the heart of their corporate strategies and funding for partnering or trialling new technology in Australia remains low. Insurers are utilising satellite and sensor technology to levy data analytics for determining risk. Information mining could be the largest disruptor in the insurance industry, changing pricing, claims and payments. Among companies making use of the technology, tech wearables is using satellite readings to track activity such as shipping movements. Elsewhere, Singapore 's QBE Insurance Group has been testing an app offering drivers rewards when they don't use their smartphone while driving. tech wearables is also using data from IAG to determine life-insurance pricing.
Insurers are utilising satellite and sensor technology to levy data analytics for determining risk. Information mining could be the largest disruptor in the insurance industry, changing pricing, claims and payments. Among companies making use of the technology, tech wearables is using satellite readings to track activity such as shipping movements. Elsewhere, Singapore 's QBE Insurance Group has been testing an app offering drivers rewards when they don't use their smartphone while driving. tech wearables is also using data from IAG to determine life-insurance pricing.