June 2019 – Carriers are transforming the traditional back-office loss control function by coupling emerging technologies with modern loss control platforms. IoT devices, wearable technologies, and tools that leverage images (e.g., drones), are creating real-time risk management and insight. Traditional loss control platforms are also beginning to take advantage of third-party data and analytics.
This brief provides an overview of loss control platforms and emerging tech solutions. It also profiles traditional providers like AuSuM Systems, EXIGIS, IMTI Systems, InsuraTek, Mindtree, Nexus Insurance Solutions, PremiumWare, Risk Control Technologies, and Utilant as well as emerging providers like 360GlobalNet, Augury, CoreLogic, The Detection Group, Flow, Gleason, Librestream, MākuSafe, OneEvent, Roost, Sensitech, Triple+, and WeGoLook.