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Friday, September 30, 2016

Connected Car Benefits for Insurers

Connected Car Benefits for Insurers - Although I work in the office and a lot of work that makes me tired but still I make a blog Tech News World and still will update it for you because this is part of my hobby who likes the world of technology, especially about the gadget, now we will discuss first about Connected Car Benefits for Insurers because it is the topic that you are now looking for, please refer to the information I provide in the guarantee for you,

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Connected Car Benefits for Insurers

Though some desired business outcomes from Internet of Things advances will reduce the cost of inputs such as energy, arguably the biggest benefits will come from direct impact on business models or policy outcomes (lower air pollution, less traffic, accidents avoided, equipment protected, lives saved).


IoT sensors, for example, could help insurance companies better assess risk, and therefore premiums, charged to its customers. That is one direct benefit of connected air applications.

Since the basis of the insurance model is risk arbitrage, IoT sensors would help in several ways, allowing companies to safely provide “safe driver” discounts, while better matching premiums to risk in other cases.

That is one reason connected car applications are seen as early adopters: there are advantages for drivers (safe drivers, at any rate) and insurance companies. When an innovation had tangible benefits for both buyers and sellers, adoption can occur faster, because there is less friction (inertia or resistance).


source: Business Insider



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