IoT

Insurance Companies Tap Modern Technology to Usher in an Era of Personalized Policies

  Relying on technologies that deliver real-time data, insurance companies are tapping new revenue streams, even where there is no historical data. Devices are allowing for more accurate policies and competitive prices for traditional as well as emerging use cases. Bringing new life and revenue opportunities into the insurance industry, the integration of new technologies is allowing insurance companies to serve more…

Want Property Insurance to Really Change? The Straight Indemnity Policy Needs to Go

The Insurance Elephant has a day job- as building consultant working with insurance carriers, sorting out vendor estimates, appraisals, unique damage cases, consulting on damage repairs, in the end addressing or confirming estimates of claim damages.  It’s great work, and the Beast figures he is contributing to customer and carrier resolutions. The realization is that property insurance (at least within the U.S.)…