IOT

While large personal auto insurers have adopted telematics-based programs, they’re only scratching the surface of the potential benefits.

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.

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

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.

With flood threats increasing, insurers are shifting away from simply restoration and recovery to prevention and mitigation pre-event.

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