IOT/Telematics

Nearly one year after the onset of the pandemic, not only has interest remain elevated, but adoption has increased two-fold.

Also: New data hire at Amerilife, European expansion at Insurify.

Smart sensors have the ability to offer insurers risk reduction and long-term return on investment in claims reduction while benefiting millions of homeowners.

While the majority came from new customers, some existing clients switched as they cut back on driving, said Glenn Shapiro.

The Simplisafe system, including HD camera, water and motion sensors, will be provided with eligible policies at no extra charge.

The FairMile program couples an on-board device with a mobile app.

General Motors, Ford, and Honda are already members of the exchange, which connects multiple automakers and other data partners with insurers.

MilesMyWay was in development pre-pandemic, but was prioritized as the carrier saw habits change.

New customers are signing up for the carrier's SafePilot UBI program at a 50% clip, and leadership says more focus on the currently-serving customer segment is in the future.

Drivers of Ford and Lincoln connected vehicles will be able to opt in to letting Arity score their driving data for UBI purposes.