IOT/Telematics

Upheaval in product development and new offerings made possible by connected devices mean insurance's 'moment of truth' is evolving rapidly.

Investments in the Internet-of-Things will increase in 2019, even as the term 'IoT' begins to fade. Here are five most significant trends that organizations can expect, according to Forrester Research.

A diverse range of carriers including Travelers and Chubb are deploying internet of things devices to aid customers in several business lines.

Discounts on kits to connect a home are expanded to 15 total states.

Robotics, digital transformation, artificial intelligence and the Internet of Things will be among the top driving forces for corporate growth and competitiveness, says Forrester Research.

Aite Group reports technology companies are trying to sell carriers on the value of incorporating driver feedback and monitoring in their UBI programs.

Insurer has partnered with Penn Medicine and TrueMotion to use data from Snapshot program in distraction research.

Claims applications for the technology are opening new opportunities beyond just usage-based insurance programs.

Technologies such as autonomous vehicles, AI, wearables, the Internet of Things, and more have emerged as power players.

There are several pressing issues related to the IoT and data transparency practices. These problems concern both businesses and consumers using IoT devices.