Internet of Things in Insurance. How IoT Technology Reshapes Business?
Internet of Things – key driver of data generation. IoT can provide insurers with valuable insights, potential to predict and prevent risks
Internet of Things
What is IoT? The Internet of Things (IoT) describes the network of physical objects—“things”—that are embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet.
4 pillars of IoT and the main concepts to understand are Data, Device, Analytics and Connectivity.
IoT is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers (UIDs) and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.
Wearable Technology & Fitness Devices Changes Insurance
Wearable technology like smart watches and fitness devices are changing the way insurers and insureds interact with data, but where has this revolution come from?
The Future of Insurance, InsurTech & 5G in a IoT-connected Ecosystem
As 5G towers begin to conspicuously populate our communities, we ask what the technology will mean for the insurance industry
How IoT, ML, AI and Blockchain Technology are Changing Insurance?
Changing technology affects everything from what we eat to how we pay for our meals. Have you ever considered how it is changing the insurance sector?
Global reinsurance market delivered strong results in 2024 with further improvement in underwriting profitability, exceptional ROEs and a continued building of capital
Cyber insurance market is set for outsized growth compared with other lines of P&C insurance over the coming 10 years. There is some concern about what factors must come together for growth
Artificial intelligence promises to revolutionize how P&C insurance business gets done. The exact ways AI will influence business are unknown
U.S. property and casualty (P&C) insurance industry achieved its best underwriting performance in over 15 years in 2024. The industry has turned a corner