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Internet of Things and Its Impact to Property/Casualty Insurance Business

Joseph Coupal - Monday, July 07, 2014

Celent, in its recent report, “The Internet of Things and Property/Casualty Insurance: Can an Old Industry Learn New Tricks,” reveals why and how the Internet of Things (IoT) will fundamentally impact the property & casualty insurance business.

“From an insurance perspective, what is new and different and critically important about this data is that it can provide a much more accurate picture of the exposures, hazards, and risks of what is being insured,” said Donald Light, director of Celent’s Americas Property/Casualty Practice and author of the report.

“These analytically driven findings create the second critically important consequence of the IoT: insurers can create feedback and control processes to command or request things to change their loss-related behavior and performance,” he said. takes the lead in providing access to the best companies that provide Auto Insurance for the Latino Community℠. With access to the top auto insurance providers in every state, makes it easy for anyone to find low cost auto insurance on line using the Internet access device of your choice.



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