IOT

These technology trends will reshape the way insurance companies operate, interact with customers and mitigate risks.

The traditional "repair and replace" model is being challenged by one that uses sensors to "predict and prevent" losses from ever happening in the first place.

With flood threats increasing, insurers are shifting away from simply restoration and recovery to prevention and mitigation pre-event.

Insurtech investor, Dave Wechsler, talks IoT and insurance with Paul Carroll: leveraging real-time data, behavior-based underwriting, and potential new business models.

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

This month's focus is Internet of Things

Root has backed away from its plans for telematics -- and suffered mightily -- while Progressive shows how much benefit there can be, when done right. 

The buzz about automatic notification of car crashes makes great sense… for insurers… but not always for customers. Some caution is in order.

Let's take a look at the current state of insurtech to see why you should focus your innovation efforts on the basics of the insurance business.