Telematics and the autonomous vehicle revolution
Editorial by Hugh Terry
Telematics and the autonomous vehicle revolution are in the spotlight this month in China in Focus, in partnership with Swiss Re.
Beyond just the development of telematics and autonomous vehicles for consumers, China is directly seeking solutions to its infrastructure issues.
Roads are full, fatalities on the roads are high and China’s population is rapidly urbanising. In this month’s in-depth article we look at how insurers and InsurTechs fit directly into the puzzle of urban transportation the Chinese are seeking to solve. And find out in the China Spotlight section below how, as a result, commercial fleet insurance will be the first segment to feel the effects of autonomous driving.
In this month’s thought leadership Swiss Re provides insight into telematics and how it has developed globally, as well as providing an update on its partnerships and research to help insurers develop new business models around the technology.
In interview we speak with Nadia Suttikulpanich, the head of Fuchsia Innovation, and learn how Fuchsia is approaching innovation development, life and health insurance in the Thai market, and working with startups among other things.
Further, in a new series we highlight our InsurTech of the month. In China, 90% of new cars and transportation networks will soon be embedded with internet access, and several companies are accelerating the transition, including the featured FutureMove.
Finally, be sure to check out our roundup of the most recent, relevant, Chinese and global news.
As always, enjoy the newsletter.
The Digital Insurer
ASIA SPOTLIGHT: INTERVIEW WITH NADIA SUTTIKULPANICH, HEAD OF FUCHSIA INNOVATION CENTER, MUANG THAI LIFE ASSURANCE
At the Techsauce Global Summit, Southeast Asia’s largest tech meeting, we spoke to Nadia Suttikulpanich – head of Fuchsia Innovation Center, Muang Thai Life Assurance (MTL).
While the debate over autonomous driving and the role of telematics continues, one sector will prove crucial as insurers seek a business model for a driverless future – commercial trucking.
In China, 90% of new cars and transportation networks will soon be embedded with internet access, and several company are accelerating the transition including ThunderPower, Nio, and FutureMove.
Alipay has launched a reward points based free health insurance service in collaboration with Taikang Life – one of China’s largest life insurers
An aggregator that is targeting the health and life segment with a new approach to customer acquisition.
London-based on-demand insurance provider which is making insurance flexible and more accessible for customers, and to manage their own policies in a usage based fashion.
Nexar is a dash cam app that detects driving dangers and provides potentially life saving warning signals based on computational vision technology.
Allianz is partnering with drone startup Flcok to provide pay-as-you fly drone insurance later this year for the UK market.