X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The use of telematics is a growing trend, with more and more companies relying on telematics devices and sensors to monitor behavior. The use of telematics is a growing trend, with more and more companies relying on telematics devices and sensors to monitor behavior. (Photo: Shutterstock)

Modern technology, such as telematics, which combines telecommunications and vehicular technologies, and the Internet of Things (IoT), is transforming how insurance companies do business. While the explosive growth of usage and diagnostic data being generated from these connected devices and sensors has dramatically improved risk management, it has also created a data management nightmare. Insurance companies’ already data-intensive operations have been drowning in data, and thanks to telematics, the problem is only getting worse.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.