Connected technologies are changing insurance. They’re disrupting the way that the industry operates and ushering in new ways of doing business.
The internet of things offers rich sources of information that allow us to see and understand much, much more of the world and everything in it. This allows insurers to actively monitor and understand the risk that they underwrite, improving profitability and reducing claims costs.
Taking advantage of these opportunities requires cutting-edge insurtech solutions. The application of machine learning intelligence to sift through data and identify and exploit opportunities. This requires a new type of organisation.