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Podcast: CXOInsights by CXOCIETY
Episode: PodChats for FutureIoT: Redefining insurance with IoT
Description: Insurance is a competitive landscape, more so these days as regulation evolve, customers become demanding and picky with what products they need and how much they are willing to pay for. The entry of insurtech has also opened new avenues for insurers to market products, in some cases, create totally new offerings in new locations, not possible with the conventional model for marketing insurance.IoT-enabled insurance involves the utilization of drones, machine learning (ML), telematics, robotic process automation, wearables, artificial intelligence (AI) and augmented reality (AR) solutions to provide improved and effective insurance services. The I...