IOT

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

Bolt says it has shown that carriers can give water leak sensors to homeowners... and boost profits. That's a major change in IoT economics.

AI and IoT transform insurance risk management from reactive pricing to loss prevention.

A strategic opportunity: Insurance companies are leveraging telemedicine and remote monitoring to transform care delivery while reducing costs.

IoT sensor technology emerges as critical defense against extreme weather events, presenting a huge opportunity for insurers.

The time for adoption is now, and insurers must take action in our increasingly digital and data-driven landscape.

This IoT has yet to realize its full potential but will allow carriers to focus on what insurance is intended to do – protect people and businesses. 

With usage-based insurance, carriers can detect accidents instantly and dispatch assistance, but many aren't taking full advantage of their programs.