IOT

The time for adoption is now, and insurers must take action in our increasingly digital and data-driven landscape.

This IoT has yet to realize its full potential but will allow carriers to focus on what insurance is intended to do – protect people and businesses. 

With usage-based insurance, carriers can detect accidents instantly and dispatch assistance, but many aren't taking full advantage of their programs. 

The IoT has become a permanent fixture in healthcare, helping in particular with remote patient monitoring, wearable medical devices and telemedicine.

Lawsuits and press coverage are pushing back against the spread of telematics, but Matteo Carbone says the real issues lie elsewhere--and are ripe for solutions.  

ITL FOCUS is a monthly initiative featuring topics related to innovation in risk management and insurance.

Telematics is the key, but four obstacles have to be overcome for it to achieve its full potential. 

A lawsuit should clarify a key issue in auto telematics... but perhaps at the cost of a class action and probes by the FTC and Congress.