How a Mutual Insurer Achieved More Than 300% Return on IoT Investment
Insurance
IoT is a new way of thinking about the activity of assessing, managing and
transferring risks that fits with a world that is going to be more and more
hyperconnected.
Personal
auto is the most mature area in terms of using IoT data (see related textbox,
“Read More About Insurance IoT,” Reference 1).However, for each line of
business and across all geographies, some successful IoT-based insurance
pioneers are emerging. Their concrete experiences confirm the relevancy of the
IoT opportunity for the insurance sector and demonstrate the feasibility of the
IoT paradigm in any insurance domain.
One success
story in using this approach in commercial insurance is Church Mutual Insurance
Company, S.I., the employer of one of the authors of this article (Russ).
Church Mutual offers specialized insurance for religious organizations of all
denominations, public and private K-12 schools, colleges and universities,
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ශාලු අක්කා කොටස් සියල්ල මෙතනින්
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