IOT

With an insurtech revolution already starting, how long will it be before the likes of Amazon and Google enter the home market in a serious way?

Insurers can connect with customers on a continual basis, providing valuable feedback – and prices – based on activity levels.

The IoT can facilitate and improve claims management, adding even greater value than through its ability to reduce risks.

Imagine a world where the main perils for homeowners, such as water, fire and theft, are dramatically reduced through the IoT and smart homes.

The one technology that is both the most opportunistic and the most misunderstood, is the Internet of Things (IoT) for smart homes.

Just 15% of customers are satisfied with their insurer’s digital experience -- which, done right, can cut claims process costs by 30%.

The Internet of Things will take marine insurance to capabilities that are a far cry from the traditional model that is under so much pressure.

Streaming of data readings allows operational predictions 20 times earlier. What if risk management saw similar improvements?