David Wechsler has spent the majority of his career in emerging tech. He has an extensive background in technology, which includes: founding, growing and selling companies; raising investment and strategic capital and creating/driving visions for innovative offerings.
Wechsler recently joined Comcast Xfinity, focused on helping drive the adoption of Internet of Things (IoT), in particular with insurance, energy and smart home/home automation.
As a licensed property and casualty insurance executive, Wechsler spends the majority of his time on the company’s initiatives to leverage smart home technologies in conjunction with homeowners insurance-related products.
How emerging technologies may transform insurance rate modeling Insurance rate modeling for mass-market consumer products such as P&C, health and life relies heavily on macro risk factors, the “law of large numbers” and building pools of risk. Broadly speaking, outside of specialized lines, relatively little customer-specific data is used in developing rates. Incentives, such as […]
In a previous article, I addressed the potential for the Internet of Things (IoT) to help P&C insurers reduce non-catastrophic losses in the homeowners insurance sector. Internet-connected products, such as advanced home security systems, water sensors and smoke alarms, are beginning to demonstrate the potential for reduced losses primarily through early notification of emergencies both […]
For many, the concept of a “smart home” is a futuristic, and perhaps even frivolous, offering where lights shut off automatically once we fall asleep, thermostats are controlled from your phone and security cameras can show you what’s going on in your home from thousands of miles away. However, as I have written in many […]
Over the past 20 years, many large, sleepy industries have heard a familiar story line – “you will be disrupted due to emerging technology.” Some of those who embraced technology change found massive opportunities to improve product offerings, drive higher margins and streamline customer experiences. Others, resistant to technology or unable to move fast enough, […]