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Applications and innovations in the Internet of Things (IoT)

Hacker Earth Developers Blog

The Internet of Things (IoT) is a system of interrelated devices that have unique identifiers and can autonomously transfer data over a network. IoT ecosystems consist of internet-enabled smart devices that have integrated sensors, processors, and communication hardware to capture, analyze, and send data from their immediate environments.

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Revolutionizing Auto Insurance: How InsurTechs are Lowering Auto Insurance Costs with Usage-Based Policies

Trigent

Usage-based insurance, often referred to as UBI, has shot to popularity due to its immense potential for insurers when it comes to customization and cost savings. In-car technologies and the surge in connected cars significantly contribute to the growing market size of usage-based insurance. percent between 2023 and 2032.

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Improve Underwriting Using Data and Analytics

Cloudera

Insurance carriers are always looking to improve operational efficiency. To me, this means that by applying more data, analytics, and machine learning to reduce manual efforts helps you work smarter. The next step leads to performing exploratory, descriptive analytics, “why is this happening,” and so on.

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Cybersecurity Snapshot: DHS Tracks New Ransomware Trends, as Attacks Drive Up Cyber Insurance Claims and Snatch Variant Triggers Alert

Tenable

Insurance provider Coalition said in its “ 2023 Cyber Claims Report: Mid-year Update ” that cyber claims rose 12% in the first half of 2023 compared with the second half of 2022, a surge driven primarily by ransomware attacks. Specifically, the report found that only 34% of cellular IoT modules shipped in Q2 had dedicated hardware security.

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Personalized Insurance: Auto and Telematics, Health, and Other Success Stories

Altexsoft

In today’s society, insurers can no longer ignore the mounting expectations of customers. Clients now expect insurers to provide different levels of personalization that are fast, adaptable, and up to date. Is personalized insurance really the future of insurance? What is personalized insurance, and why is it important?

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The Journey to Understanding your Insurance Customers

Cloudera

Insurance carriers have a unique opportunity: They have access to powerful technologies and a wealth of information that can help them to better understand their customers and provide an enhanced customer experience. . In a March 2021 poll by Celent , “improving customer experience” was identified as the top focus (63%) for insurers.

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Streaming Analytics in the Real World

Cloudera

From leading banks, and insurance organizations to some of the largest telcos, manufacturers, retailers, healthcare and pharma, organizations across diverse verticals lead the way with real-time data and streaming analytics. The stories of organizations that have adopted streaming analytics speak for themselves.