Iot

Only 32% of 2,750 U.S. consumers surveyed by the company in fall 2021 had been offered telematics-based insurance, the company said. Of those that were offered, 49% took the offer, and 64% have stuck with it.

As the effects of the pandemic continue to play out, market activity indicates commercial lines insurers are reprioritizing their tech-oriented projects, with some plans continuing to move forward while others have slowed down.

New research highlights the evolving role of the insurance industry from reimbursements to incentivizing to reduce risk and prevent losses altogether.

Nationwide’s Sarah Jacobs, vice president of personal lines product development, spoke with Digital Insurance about a recent survey on smart home devices and the future of IoT at Nationwide.

In other news: Amerisure implements One Inc ClaimsPay tech; California drivers report distracted driving is getting worse; HSB adds social media income to home cyber protection.

General Manager Amrish Singh on how the company maintains a distinct strategy from the insurance business.

The data and decision-making insights gathered from IoT devices have been revolutionary for insurers, and the potential of this technology is just starting to be realized.

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

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

Also: Travelers exec moves to ClarionDoor, more.

Ting's customer-installable sensor monitor the home’s electrical system to detect hazards like arcing from faulty wiring.

The Ring Always Home Cam moves autonomously and is equipped with an indoor camera, giving users multiple view points of their homes.

Partnership with HSB helping in de-risking expensive collections.

Texas-based insurer partners with Roost.

LexisNexis compared more than two thousand homes with installed IoT devices vs. a million uninstalled.

Company retains focus on becoming loss-prevention partner to customers.

The company has introduced water-damage prevention technology under a new brand name, Zurich Smart, in Spain.

Newly targeted customer segment gets access to leak detection tech.

New technology is aimed at helping businesses that need to be more cost-conscious detect leaks and freezes.

Next-generation data storage involves technically-advanced products that are more efficient than conventional products at handling voluminous information on a daily basis.