Since its emergence into the daily lives of individuals far and wide, the Internet of Things (IoT) has become a tool for insurance carriers to change the way they service and provide coverage to their insureds.
“The Internet of Things has really enabled carriers to become more creative with their coverage and value-added services that they’re able to offer clients,” says Laird Rixford, CEO of insurance marketing, rating and management software provider Insurance Technologies Corporation (ITC). “There’s some concern around how disruptive this could possibly be, and what brokers can do to evolve with these times and adapt their services to fit the IoT environment.”
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