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NXP and AWS look to drive service and insurance opportunities for connected cars

NXP Semiconductors has integrated edge- and cloud-based compute services from AWS into its new S32G vehicle network processor, for in-car communications gateways, to help enterprises, notably car makers and insurance companies, to process, share, and commercialise vehicle-related data. The Netherlands-based chip maker said the collaboration...

Swiss Re and Hitachi offer insurance against misfiring AI in Industry 4.0

Swiss Re and Hitachi are offering to insure industrial companies against business disruption from bad or back-firing algorithms in critical AI-controlled processes and operations. It is the first time enterprises have been offered insurance against AI. The arrangement is between the commercial insurance division of...

How IoT is expected to transform the insurance industry

Insurance companies looking to cut costs, improve business practices and better assess clients' risk levels, will increasingly invest in the internet of things, according to Business Insider. Some auto and health insurers are already offering a new type of insurance, usage-based insurance (UBI), that uses IoT...

How IoT is expected to transform the insurance industry

Insurance companies looking to cut costs, improve business practices and better assess clients' risk levels, will increasingly invest in the internet of things, according to Business Insider. Some auto and health insurers are already offering a new type of insurance, usage-based insurance (UBI), that uses IoT...