IOT

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

This month's focus, sponsored by Chubb, is Internet of Things

The insurance industry is constantly changing and expanding with the rise of new technologies in order to adapt to today's clientele.

Auto insurers have a strategic imperative to not be left behind in the race to monetize connected car data, and there are several ways insurers can do this.

IoT comes into focus. Plus, dramatic shift in underwriting ahead; premature failure in CPVC pipes; 5 trends to watch in commercial auto; and more.

A new report offers sharp insights into how the IoT will develop from here and into how insurers should adjust as they try to use it in products and services.

Insurers can build a sort of digital twin of the customer, then tailor their offerings and improve the customer experience.

IoT has largely been used in tactical ways to solve specific problems, but there is great strategic value if it is tied to certain types of initiatives.

What if I told you that insurers could attract customers with smart home devices that generate interaction seven to 10 times A DAY?