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, and
The insurance industry is being revolutionized by IoT technology. Once just offering policies online, like Progressive Insurance in 1997, the sector now leverages a steady flow of data from IoT devices in cars, homes, and on people to transform risk management and pricing models. The traditional
The insurance sector is on the cusp of a major evolution, pivotal to which is the Internet of Things (IoT). This technological advance is set to change the very foundation of risk assessment and insurance. As devices begin to communicate effortlessly, a deluge of real-time data becomes available to
The Dark Side of Connected Vehicle Services As vehicles become more technologically advanced, services like General Motors' OnStar Smart Driver program promise enhanced safety and convenience. But beneath the surface of these modern trappings lies a concerning ability to track and analyze our
