Telematics

An industry standard has taken hold that will let smart-home devices talk to each other seamlessly, setting the stage for a wave of innovation.

Recent developments in tracking technology and AI provide a formidable solution for vehicle thefts and inefficiencies in fleet management. 

Insurers and homeowners are using IoT devices to optimize housing efficiency, streamline daily tasks and reduce urban household risks.

The 125-year-old, $300 billion U.S. auto insurance industry is caught between runaway inflation and strained consumer wallets.

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.

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

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.