The Internet of Things (IoT) is transforming industries worldwide, and the insurance sector is no exception. By harnessing the power of connected devices, the industry is evolving to offer more personalized and efficient service. The IoT insurance market, valued at USD 31.5 billion in 2022, is
The concept of smart homes is moving from the realm of futuristic fantasy to everyday reality, and its implications for the insurance industry are profound. Homeowners' insurance, traditionally based on statistical risk assessments, could see a seismic shift as insurers increasingly recognize
As the world becomes increasingly interconnected with the advent of the Internet of Things (IoT), our cities and infrastructures are undergoing a transformation into smart environments that promise to revolutionize efficiency and enhance our daily lives. While these advancements present numerous
Rising veterinary costs and progress in pet healthcare are propelling owners to seek financial protection for their animals. Insurers are adapting, offering customized policies to meet this demand, as the pet insurance sector is poised for substantial growth, according to a ResearchAndMarkets.com
The insurance sector is undergoing a swift evolution due to technological progress. Many agents are struggling to keep up with these rapid changes. Insights from the recent 2024 Independent Insurance Agent Survey highlighted these challenges. It revealed the struggle agents face while trying to
The insurance sector, traditionally reliant on vast archives of data and risk-averse, is undergoing a major transformation due to the proliferation of Internet of Things (IoT) technology. IoT's expansive data capabilities are revolutionizing insurers' risk assessment, policy management,
