In this whitepaper we discuss:
• IoT Will Make Getting Business Insurance Easier
• More Data Means Better Insurance Rating Models
•Emerging Industries Will Have Better Insurance Options
• IoT Can Help Insurers Prevent Losses
and much more
Commercial insurance companies have, for the most part, remained structurally unchanged over the past two hundred years.
Recently emerging technologies, spearheaded by IoT, are evolving the way insurance is priced, purchased, and operated. Insurance carriers will increasingly be able to implement and use IoT to better predict and evaluate risk, improve customer experiences, create more efficient claims processes, and create better insurance products.