Blog

  • The Power of Insurance IoT for Risk Management

    February 7, 2013

    Traditionally, insurers have used proxy data to identify the risk of loss for an asset. The internet of things (IoT) gives insurers access to real-time, individual, and observable data on an asset’s (or person’s) risk of loss. This data is directly actionable for risk pricing and mitigation. By identifying actions or behavior that are causative of risk and leveraging IoT …

  • Using Insurance IoT To Improve Claims Across Lines of Business

    Gartner forecasts the number of connected things will exceed 20.4 billion across consumer and business applications by 2020. According to Cisco, IoT devices will generate over 5 quintillion bytes of data every day about human behaviors and health, home safety and security, vehicle usage, physical asset utilization, and more. The explosive growth of IoT devices, and the vast benefit afforded …

  • The Hidden Complexity of Insurance IoT Point Solutions

    Connected insurance is a key strategic priority for most carriers, with 40% or more of insurers investing in a connected insurance product in the last few years. Insurers see connected devices as key to driving growth for the foreseeable future. Most of these initiatives are growing organically from within business lines. Each business line can separately realize significant value from …