Register to receive our newsletter and join in the conversation on our message boards!
REGISTER NOW
Comments
Newest First | Oldest First | Threaded View
j0nnyf1v3
j0nnyf1v3
1/31/2017 6:31:35 PM
User Rank
IoT Novice
I wonder...
If it will positivly or negativly affect costs of insurence. Once can safely assume that with IoT, things in general become more safer to perform. Driving is safer, crossing the street... I see it creating a bidding war between the providers.. because everyone will be much more safer... So it comes to the bottom line.l\..

50%
50%
DHagar
DHagar
11/7/2016 4:47:08 PM
User Rank
IoT Visionary
Re: IoT Insurers' Protection
@dcawrey, yes that is a good example!  Now the question will be do they share the savings and build in incentives or just apply it on the risk side.  A shared "risk management", could yield positive results for both the insurers and the customers if they truly get the customers engaged.

50%
50%
DHagar
DHagar
11/7/2016 4:30:52 PM
User Rank
IoT Visionary
Re: IoT Insurers' Protection
@MichelleG, clearly it will produce savings.  The question will be will the insurers use that to build in transparent incentives or pocket the savings.  At least it will keep the increases down!

50%
50%
DHagar
DHagar
11/7/2016 4:24:51 PM
User Rank
IoT Visionary
Re: IoT Insurers' Protection
@dcawrey, I am with you on that.  Not only will they have the data - for risk assessment, but the opportunity to measure compliance.  This becomes a "no brainer" for them.

Now we will have to see if it lowers our rates?

50%
50%
dcawrey
dcawrey
11/7/2016 12:21:50 PM
User Rank
IoT Visionary
Re: IoT Insurers' Protection
We're certainly seeing insurance providers set up new ways of monitoring. One example is the devices they are installing in customer cars. This enables insurers to have metrics on driver behavior, and allows them to adjust premiums accordingly. 

50%
50%
Michelle G
Michelle G
11/6/2016 6:02:52 PM
User Rank
IoT Visionary
Re: IoT Insurers' Protection
I hadn't thought of this as a possiblity myself. This is an interesting development for sure. I wonder if expected cost savings will materialize as expected. 

50%
50%
dcawrey
dcawrey
11/5/2016 4:38:13 PM
User Rank
IoT Visionary
Re: IoT Insurers' Protection
I had not previously considered the impact IoT might have on insurance. But this makes a lot of sense. It's also a low-risk bet for insurance companies versus other emerging technologies such as blockchain. IoT will help insurance companies lower their costs by having a lot more data to analyze. 

50%
50%
DHagar
DHagar
11/4/2016 9:01:08 PM
User Rank
IoT Visionary
Re: IoT Insurers' Protection
This makes a great deal of sense.  IoT will enable insurers to better monitor compliance, reducing risk.  It further offers insights with the high level of interest in the analytics.  So when you put together the potential to monitor, assess, and measure risk you have created real savings for insurers.  Those savings can translate into increased profits and make IoT highly attractive.

50%
50%


Latest Articles
To make our IoT coverage as comprehensive and authoritative as possible, we're delighted to announce that our website is merging with The IoT Institute.
Deep drilling is more crucial to Royal Dutch Shell than ever – except now much of the precious resource they're after is digital. Shell IT CTO Johan Krebbers tells us how IoT is essential for capturing data, but is otherwise a relatively small part of their overall digitalization agenda, in this exclusive interview.
The route to super-connected events, virtual reality stores and 100% mobility across entire populations are all now in reaching distance thanks to the internet of things.
When logistics improves, all industries benefit. DHL Supply Chain's CIO explains to us how AI and IoT are changing the game for his company, its partners and its competitors.
When Europe's smart city prowess is discussed, Russia is frequently overlooked - very unfairly, as our interview with the head of Moscow's smart city lab shows.
Upcoming Live Events
October 2-4, 2017, Marina Bay Sands, Singapore
All Upcoming Live Events
Flash Poll
Video
Wilhelm Nehring, CEO of ThyssenKrupp Elevator UK, talks through his favorite applications of IoT in buildings and cities with IoT World News.
David Holecek, Director of Connected Products & Services at Volvo Car Group , speaks with IoT World News on Volvo's moves in the connected car ...
Liat Ben-Zur, SVP and digital technology leader at Philips, describes the plethora of ways IoT will be used to transform healthcare via hospitals, ...
Richard Corbridge, CIO at Health Service Executive, explains how IoT is already impacting digital healthcare in Ireland and where he sees the ...
Mimmis Cleeren, Global Director of marketing (IoT BU) at MediaTek, covers some of the special IoT projects that have emerged from MediaTek's ...
All Videos
Webinars
ARCHIVED
Thursday, June 1, 2017
12:00 p.m. EST

In an industry where production yield and efficiency are tantamount to success, quickly identifying and correcting defects in the manufacturing process is critical. The customers of Optimal+ operate in production environments where errors related to yield and efficiency measurements can lead to losses of millions of dollars per year within a single plant. By implementing Vertica, Optimal+ is able to speed up analytical insights, combine data from different productions processes and gain visibility across the whole supply chain – leading to improved yield, quality and productivity for semiconductor and electronics manufacturers.

Join Alon Malki, Chief Architect at Optimal+, and Jeff Healey, Director of Product Marketing at HPE Vertica, to hear how advanced analytics and manufacturing intelligence can drive success in Industrial IoT. On this webinar you’ll learn:

  • Why HPE Vertica Analytics Platform is purpose built for IoT data
  • The challenges Optimal+ faced when developing a solution for IoT analytics
  • How Optimal+ leverages HPE Vertica to create an ideal big data architecture

Information Resources
All resources
Twitter Feed
like us on facebook
IoT World News
About Us     Contact Us     Help     Register     Twitter     Facebook     RSS
Copyright © 2017 Light Reading - an Informa business, trading within KNect365 US, Inc. All rights reserved. Privacy Policy | Terms of Use
in partnership with