Telematics: Redefining the Future of Insurance
IoT technologies are poised to transform traditional insurance business models, from how insurers engage with customers to the core risk assessment and management processes. In today’s hyperconnected world, the sheer volume of data available for risk pricing is growing unprecedentedly. With the proliferation of sensor-based smartphones, wearables, and smart home devices, the expanding IoT landscape offers insurers numerous business opportunities.