IOT

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.

The U.S. market value for embedded insurance was $5 billion in 2020 and is projected to rise to more than $70 billion in 2025.

Telematics can provide strategic value and returns on many levels in the insurance business. Here are six questions to ask to see if you can benefit.

Hard-pressed consumers are switching because they can save upwards of $200 to $300 per policy term every six to 12 months by switching to a telematics-based policy.