IOT/Telematics

The multi-line insurer joins State Auto as an early member of the consortium launched last year.

The multiline insurer is giving developers an opportunity to solve business problems in a two-day event.

The evolution of these centers are best depicted by insurers’ growing focus on making consumers’ daily lives easier, while building out capabilities addressing core business problems.

Applications include the faster delivery of claims payments, identifying fraud and leverging connected IoT data for improved actuarial models.

The insurer embeds new technologies, such as AI and IoT, into its organization on an ad-hoc basis, rather than developing products separately in a lab and force-fitting them.

Insurance companies are finally putting a price on the risk of distracted driving, and it’s relatively cheap.

A look at how leading property carriers are leveraging connected devices to improve the customer experience.

The insurtechs showcased their platforms and the potential use cases for the industry, in areas such as claims, customer experience and underwriting.

Carriers have to take care to clearly communicate the value of collecting more data from consumers.

By using updated tools to analyze driver behavior, insurers can work with underwriting partners to dig into data and develop personalized coverage.