IOT

Imagine a world where the main perils for homeowners, such as water, fire and theft, are dramatically reduced through the IoT and smart homes.

The one technology that is both the most opportunistic and the most misunderstood, is the Internet of Things (IoT) for smart homes.

Just 15% of customers are satisfied with their insurer’s digital experience -- which, done right, can cut claims process costs by 30%.

The Internet of Things will take marine insurance to capabilities that are a far cry from the traditional model that is under so much pressure.

Streaming of data readings allows operational predictions 20 times earlier. What if risk management saw similar improvements?

The possibilities of the IoT for insurance are boundless, from turbocharging underwriting models to dynamic pricing.

Insurance providers cannot ignore this opportunity to use smart speakers to develop better, more convenient ways to serve customers.

With connected homes, it's now possible for the insurer to know that, say, a policyholder leaves the garage door open regularly, an invitation to thieves.