August 10, 2022 – As more consumers connect their homes with Internet of Things (IoT) devices and engage through mobile devices, insurers can leverage these technologies for better risk assessment, reduced loss exposure, and increased customer engagement. Yet, integrating IoT devices and constant streaming data into their value chains creates new challenges for insurers. Balancing customer benefits and return on investment will be imperative.
This report is intended for line of business owners, underwriters, innovation leaders, IT and C-level insurance executives, and software providers to help them understand how technology could significantly impact the home insurance industry. It is based on Aite-Novarica Group’s domain expertise, knowledge base, and secondary research and briefings with industry executives.
This 23-page Impact Report contains four figures and three tables. Clients of Aite-Novarica Group’s Property & Casualty service can download this report and the corresponding charts.
This report mentions 360GlobalNet, Amazon AWS, Athenium Analytics, Betterview, CAPE Analytics, Cloudera, CoreLogic, Fenris Digital, Flyreel, Hailios, HOVER, ICEYE, Leakbot, Livegenic, Microsoft, Notion, SimpliSafe, Snowflake, Verisk and Zesty.ai.