By csfrankland, insurtech360.
Relying on technologies that deliver real-time data, insurance companies are tapping new revenue streams, even where there is no historical data. Devices are allowing for more accurate policies and competitive prices for traditional as well as emerging use cases.
Bringing new life and revenue opportunities into the insurance industry, the integration of new technologies is allowing insurance companies to serve more use cases by collecting real-time information from the companies and items they are insuring. This traditionally conservative industry is quickly adapting its offerings by issuing new policies in fields that lack historical data. Smart devices, mobile applications, and intuitive platforms are just a few of the tools delivering underwriters the information they need to confidently offer more competitive pricing and increase revenue streams.
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