Iot

Incumbents benefit from high barriers to entry, but are themselves less efficient and innovative, Accenture claims.

Top risks are often associated with the IoT, artificial intelligence, cloud computing and robotic process automation.

We have seen solutions with a specific focus are easier to utilize in practice than general solutions that look to leverage an emerging technology for multiple use cases.

Insurers are leveraging connected devices to solve a wide range of customer issues.

Commercial insurer will make technology available to clients that reinforces proper lifting form, with the goal of reducing workers' comp claims.

Companies will invest in building out and owning datasets, learning things about their customers that no one else does, and delivering exactly what those customers want and need.

As the number of connected devices increases, so will the vulnerabilities that they are laced with, not to mention the potential impact these could have if exploited.

As the first member of tech company Roost's Home Telematics Consortium, the insurer will distribute kits to customers, in return for data that will help enhance pricing accuracy and loss mitigation.

Carriers are looking to expand their addressable market for risk management services, and innovative solutions are key.

The pair's goal is to boost the insurance industry’s adoption of telematics and the Internet of Things.