How IoT Innovators Can Transform The Insurance Industry

By Forbes

Lack of innovation in home insurance can cause homeowners to be underinsured, and I’ve seen insurance companies seeking solutions to change the current landscape.

Auto insurance companies have accelerated the integration of tech-based solutions in their policies to provide better coverage to drivers. Auto insurers can analyze driving trends, like how often trips occur, the length of those trips and the speed at which the insured person drives. The data that is then delivered back to auto insurance companies allows them to better insure their customers and to reward customers who meet the “good driver” standard.

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