A Repeatable Model for Using IoT to
Transform Commercial Insurance
traditional
insurance products focus on risk transfer. Insurers compete based on their
ability to use historical loss information, data gathered during the submission
process and other data from third-party data aggregators to predict the
likelihood of future claims and price risk transfer products appropriately.
With more and more data available in the current hyperconnected world, there
are emerging opportunities for insurers to expand their product and service
offerings.
In this
respect, a key technology is the Internet of Things, which connects people and
objects to the Internet, allowing remote transmission of information about
people and things. IoT data is unique relative to the data insurers
traditionally use to price risk. It is more granular and continuously
refreshed, meaning individual assets and environmental conditions can be
tracked in detail, in real time, all the time.
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මගෙ හස්බන්ඩ් කොටස් සියල්ල මෙතනින්
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