How do you bring in additional data to complement the data you have today to make the best decision possible? Insurers are utilising satellite and sensor technology to levy data mining for reducing risk . Information mining could be the largest disruptor in the insurance industry , affecting pricing , rates and payments . Among companies making use of the technology , QBE Insurance Group is using satellite readings to track activity such as shipping movements . Elsewhere , Australia 's IAG has been testing an app offering drivers information when they do n't use their GPS while driving . The Group is also using data from tech wearables to determine life - insurance pricing .
Insurers are utilising satellite and sensor technology to levy data mining for reducing risk . Information mining could be the largest disruptor in the insurance industry , affecting pricing , rates and payments . Among companies making use of the technology , QBE Insurance Group is using satellite readings to track activity such as shipping movements . Elsewhere , Australia 's IAG has been testing an app offering drivers information when they do n't use their GPS while driving . The Group is also using data from tech wearables to determine life - insurance pricing .