The insurance industry can anticipateeven more technology to enhance safety, reduce costs, and getfamilies back on their feet faster after disaster strikes. (Photo:Shutterstock)
Over the past decade technology has become increasinglyinterwoven into our daily lives and work. Back in 2010, tablets,battery-powered cars, augmented reality, smartwatches, consumerdrones and smart speakers were hard to imagine.
To say technology has transformed throughout the decade is anunderstatement.
Drones transform claims
The same could be said of how technology has impacted theinsurance industry in the 2010s. It has has enhanced how damage isassessed and claims are adjusted. Aerial imagery and data-capture by drones isnow one of the quickest and safest ways insurance companies canestimate structural damage and determine the appropriate claim.Over the course of the last decade, drones have helped reduce theclaims adjustment period from 11 days to 5 or 6, almost cutting thetime in half.
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